Market Research Report
Aviation Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||960428|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|Aviation Cyber Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: September 3, 2020||Content info: 106 Pages||
The global aviation cyber security market grew at a CAGR of around 10% during 2014-2019. The aviation industry significantly relies on internet-connected systems for performing ground and flight operations. This has increased the number of new challenges that airline companies take into consideration for resisting future disruptions and any harm to their services, reputation and financial health. At present, managing cyber vulnerabilities is one of their prime concerns to prevent attacks on in-flight entertainment and connectivity systems, cabin crew devices, E-enabled ground and onboard systems, electronic flight bags, cargo handling and shipping, legacy systems and data links, and air traffic management systems. Consequently, there is a rise in the demand for aviation cyber security systems across the globe.
The aviation cyber security market has been experiencing growth on account of the rising passenger traffic and increasing instances of cyberattacks. Apart from this, the upgradation of aircraft infrastructure with advanced technological solutions have also contributed to the market growth. Moreover, the governing agencies of several countries are developing a cyber regulatory framework for aircraft systems. This trend, along with increasing investments in research and development (R&D) projects to strengthen the cyber security systems, is expected to bolster the market growth in the coming years. However, due to the outbreak of the coronavirus disease (COVID-19), governments of numerous countries have imposed lockdowns and travel restrictions as a preventive measure to contain the spread of the pandemic. As a result, airline services have come to a sudden halt, which has negatively impacted the growth of the market. The market is anticipated to grow once normalcy is regained. Looking forward, IMARC Group expects the global aviation cyber security market to exhibit strong growth during the next five years.