In today’s connected world, cyber is everywhere. This is particularly true in the automotive sector, where advanced, connected technologies are producing unprecedented disruption in almost every aspect of the automotive ecosystem, including manufacturing and supply chain, consumer engagement, connected and autonomous vehicles, dealer interactions, financing and, of course, enterprise operations. 

The global aerospace and defence market is estimated to be valued at US$ 1600 billion in the year 2025, growing at a CAGR of 3.5% in the period 2019 to 2025.

Growth of the market is driven by factors such as the boom in commercial aircrafts segment, the surge in global airline traffic, and the rise in military expenditure.

Despite Boeing’s really bad 2019, there are reasons to believe aerospace in general will improve this year. Easing trade tensions between the U.S. and China, progress toward resolving Boeing’s 737 MAX crisis, increased defense spending, a budding commercial space sector, and Airbus’ robust sales and production portend well for 2020.

Companies are developing aircraft capable of carrying passengers and cargo in urban environments. So what’s keeping them grounded? Several key technological barriers need to be overcome before air taxis take to the skies.