Key Takeaways from Analyst
The global aviation cyber security market is poised to grow significantly over the coming years. With growing digitization of various aviation operations and processes, the risk of cyber threats is also increasing rapidly. The adoption of internet of things technologies in aircrafts has made them more vulnerable to cyber-attacks. This will drive demand for advanced cyber security solutions in the industry. However, the lack of resources and expertise in cyber security can restrain growth prospects to some extent.
North America currently dominates the aviation cyber security market and is expected to continue its leading position given the large fleet size and advanced technologies adopted in the region. However, Asia Pacific is likely to emerge as the fastest growing regional market. This can be attributed to increasing air passenger traffic, growing procurement of new aircrafts, and improving focus on cyber security by major Asian economies like China and India.
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