Aerospace Data Recorder - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aerospace Data Recorder Market is accounted for $1,718.87 million in 2019 and is expected to reach $3,134.67 million by 2027 growing at a CAGR of 7.8% during the forecast period. Increase in disposable income in developed, as well as few developing countries, rising air passenger traffic and the subsequent demand for more aircraft, need to manage the increasing air traffic are some of the factors propelling the growth market. However, the high price of next-generation data and voice recorders are hampering the growth of the market.
Aerospace data recorders are also known as flight data recorders or cockpit voice recorders are electronics systems that are used to record or collect every on-flight information, flight data such as altitude, speed, position and cockpit conversation and also record the conversation between the pilots and air traffic controllers.
Based on the application, the military/defense aircrafts segment is anticipated to hold considerable market share during the forecast period as the defense forces worldwide are investing huge amounts to develop or procure technologically advanced, reduced size and weight, crash protected and deployable data and voice recorders. By geography, Europe is expected to grow at a significant market share during the forecast period due to the ongoing modernization of commercial aircraft and defense aircraft which are resulting in investment in improved technologies and increasing awareness about data recorders in the region.
Some of the key players profiled in the Aerospace Data Recorder Market include Universal Avionics Systems Corporation, Teledyne Technologies, Inc., RUAG Holdings AG, MadgeTech Inc., Leonardo DRS, L3 Technologies, Inc, Honeywell International Inc., FLYHT Aerospace Solutions Ltd., Curtiss-Wright Defense Solutions, and AstroNova Inc.
Aircraft Types Covered:
• Wide Body
• Narrow Body
• General Aviation & Business Jets
• Voyage Data Recorders
• Quick Access Recorder
• Flight Data Recorder
• Data Loggers
• Cockpit Voice Recorder
• Solid State
• Flash Card
• Cloud Computing
• Private Aircraft
• Military/Defense Aircrafts
• Commercial/Civil Aircrafts
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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