Aviation Cyber Security Market, By Deployment Type (Cloud/Hosted and On-Premise), By Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, and Wireless Security), By Services (Managed Security Solutions, Training, and Consulting), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI952

Pages :250

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenge - Fluctuations in Global Automotive Production

One of the major challenges currently being faced by the global aviation cyber security market is the fluctuations in global aviation production. The market has witnessed significant decline in new aircraft deliveries owing to the ongoing COVID-19 pandemic. The pandemic has severely impacted the airlines business globally with declining passenger traffic and revenues. According to statistics from the European Automobile Manufacturers Association, car production in the European Union was down by over 25% in 2020 compared to 2019 and it improved only slightly by under 1% in 2021.

Market Opportunity - Automotive DC-DC Converter Manufacturers to Offer Innovative and Efficient Solutions

With the increasing adoption of connectivity solutions, the electrification of aircraft systems and use of critical digital platforms, the threat from cyber-attacks is increasing continuously in the aviation industry. This presents a big opportunity for the cyber security solution providers to develop innovative and tailored solutions according to the changing requirements of aircraft OEMs and airlines. In May 2023 The United Nations Conference on Trade and Development (UNCTAD) estimates, global investments in digital infrastructure will increase from US$ 600 billion annually in 2020 to US$ 750 billion by 2023. They can focus on developing solutions integrated with aircraft power distribution and management systems.