The aviation industry is complex in terms of standards and regulations that are imposed by governing authorities of countries, globally. Aviation companies are finding it difficult to comply with different sets of rules and standards in the aviation sector of different regions. For instance, in May 2019, a joint regulation by European Aviation Safety Agency (EASA) and the US FAA was introduced for aviation industries. According to this law, from 2019 onwards, this certificate can only be given to aircraft that comply with the recently updated DO-326 and ED-202.12. A certificate of airworthiness (CofA) is issued for an aircraft by the national aviation authority in the state in which the aircraft is registered. DO-326 and ED-202.12 regulations focus on detailed and comprehensive approach to the management of cyber security risk. However, these rules are only applicable to Europe and the U.S. Countries set different rules and regulations according to their specific needs, which increases complexity in the aviation industry. In December 2019, according to report published by Atlantic Council on aviation cyber security, primary research suggested that aviation companies are concerned about effectiveness and clarity in regulations imposed by several countries. Aviation companies suggested that the rules and regulations should be imposed globally, as rules developed by a different country, state or governing body may add complexity. Therefore, this complex nature of government rules and regulations, and absence of standardized regulations across the globe are restraining factors that are expected to hamper the growth of the global aviation cyber security market over the forecast period. However, the impact of these factors is expected to remain low over the forecast period.
Aviation Cyber Security Market Report Snapshots
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