Home Just In Aviation Cyber Security Market is Projected to Grow at a CAGR of 4.3% by 2033

Aviation Cyber Security Market is Projected to Grow at a CAGR of 4.3% by 2033

by CIOAXIS Bureau

Visiongain has published a new report entitled Aviation Cyber Security Market Report 2023-2033: Forecasts by Deployment Mode (Cloud, On-premises), by Component (Hardware, Solution, Services), by Aircraft Systems (Avionics Systems, Flight Control Systems, Communication Systems, Other), by Application (Airline Management, Air Cargo Management, Airport Management, Air Traffic Control Management, Other), by Solution (Threat Intelligence and Response, Identity and Access Management, Data Loss Prevention, Security and Vulnerability Management, Managed Security, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global aviation cyber security market was valued at US$35.1 billion in 2022 and is projected to grow at a CAGR of 4.3% during the forecast period 2023-2033.

Supply Chain Vulnerabilities
The aviation industry’s complex supply chain introduces cybersecurity risks. Weaknesses in third-party components or services can expose aviation networks to attacks. Ensuring the security of the supply chain requires stringent vetting of vendors, assessing their cybersecurity measures, and establishing standards for secure integration of third-party solutions. Collaborative efforts among industry players can help raise the overall cybersecurity posture of the supply chain.

Growing Threat Landscape
The evolving threat landscape poses ongoing challenges to aviation cybersecurity. Cybercriminals are developing sophisticated attack methods, necessitating continuous vigilance and adaptation. Proactive measures such as threat intelligence sharing, penetration testing, and incident response planning are vital to identify vulnerabilities and respond effectively to emerging threats.

What are the Current Market Drivers?

The Rapid Digitalization of the Aviation Industry, Encompassing IoT Integration, Data Analytics, and Cloud Adoption, has Expanded the Attack Surface for Cyber Threats

The aviation industry’s rapid digital transformation has led to the integration of technologies like the Internet of Things (IoT), automation, and data analytics into various operational aspects. For instance, Boeing’s 787 Dreamliner aircraft features an extensive network of connected systems that gather real-time data during flight, which is then transmitted to ground stations for analysis. This enables airlines to monitor the aircraft’s performance and identify maintenance needs proactively. However, this increased connectivity also opens avenues for cyber-attacks.

In 2021, security researchers uncovered vulnerabilities in the in-flight entertainment systems of certain aircraft models that could potentially be exploited to gain access to critical avionics systems. Such instances underscore the need for robust cybersecurity measures to protect against unauthorized access and potential manipulation of critical flight systems.

Heightened Interconnectivity Underscores the Urgency for Cybersecurity Measures to Protect Against Potential Breaches and Disruptions

The growing interconnectivity of aviation systems has led to a higher degree of vulnerability to cyber-attacks. A real-life example that highlights this concern is the cyber-attack on a major international airline’s reservation system in 2021. Hackers exploited a vulnerability in the airline’s booking system to gain unauthorized access to customer data, including personal information and payment details.

This breach not only compromised passenger privacy but also caused significant disruption to the airline’s operations, resulting in flight cancellations and delays. The incident exposed how interconnected systems, if not adequately protected, can be exploited to compromise critical data and impact business continuity.

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