According to a New Study on ASDReports, the global aviation cyber security market is projected to reach $61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. This growth is mainly attributed to rise in cyber-threats and cybercrimes by professional attackers on aerospace and defense organizations, thereby creating a threat to the national security.
The North America region dominates the global aviation cyber security market, as of 2015, followed by Europe. The Latin American region is projected to grow at the highest CAGR during the forecast period. This growth is primarily attributed to the increased usage of internet in Latin America, which has further resulted in rise in number of cybercrimes and cyber-attacks in several Latin America countries such as Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela. These countries have passed cybercrime legislation and created cyber defense systems. These initiatives made by governments in this region are expected to increase the demand for cyber security services and solutions at a rapid pace.
Other recent headlines
Boeing, Gulf Air Announce Order Conversion at Bahrain Air Show
Boeing [NYSE:BA] and Gulf Air announced the airline’s decision to convert its 16 787-8 Dreamliners on order to 787-9s as part of its long-term, twin-aisle fleet strategy and expansion. The value of the airplanes is $4.2 billion at current list prices
http://www.asdnews.com/news-65338/Aviation_&_Defense_Cyber_Security_Market_worth_6185_Bn_USD_by_2020,_According_to_a_New_St.htm?hash=7e298000e4e33b052c450e8336305fd1&campaignid=22892&messageid=23037&l=3&utm_source=ASDNews&utm_medium=email&utm_campaign=ASDNews_Daily_Z1&utm_content=urbanmesaconnections@gmail.com
Boeing Maintenance Performance Toolbox Records Selected by Aeromexico
Boeing (NYSE: BA) today announced that Aeromexico has signed an agreement to implement Boeing Maintenance Performance Toolbox Records to support maintenance operations for its Next-Generation 737, 767, 777, 787 and non-Boeing fleets.
The announcement came during Aviation Week’s MRO Latin America 2016 conference and exhibition in Lima, Peru. Aeromexico is the sixth airline to sign up for the popular new module since its launch in October 2015More than 160 commercial operator customers currently use Boeing’s Maintenance Performance Toolbox suite. Boeing also offers access to records management capabilities for non-Toolbox customers through subsidiary AerData’s STREAM digital aircraft records application
http://www.asdnews.com/news-65339/Boeing_Maintenance_Performance_Toolbox_Records_Selected_by_Aeromexico.htm?hash=7e298000e4e33b052c450e8336305fd1&campaignid=22892&messageid=23037&l=3&utm_source=ASDNews&utm_medium=email&utm_campaign=ASDNews_Daily_Z1&utm_content=urbanmesaconnections@gmail.com
Read entire report here >> http://www.asdnews.com/news-65338/Aviation_&_Defense_Cyber_Security_Market_worth_6185_Bn_USD_by_2020,_According_to_a_New_St.htm?hash=7e298000e4e33b052c450e8336305fd1&campaignid=22892&messageid=23037&l=3&utm_source=ASDNews&utm_medium=email&utm_campaign=ASDNews_Daily_Z1&utm_content=urbanmesaconnections@gmail.com
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