Flight Data Recording Market
Flight Data Recording Market Forecasts to 2030 - Global Analysis By Type (Cockpit Voice Recorder (CVR), Flight Data Recorder (FDR), Quick Access Recorder (QAR), Combined Voice & Data Recorder (CVDR), Digital Flight Data Recorder (DFDR) and Other Types), Integration Level, Deployment, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $3.45 BN |
|
Projected Year Value (2030) |
US $5.36 BN |
|
CAGR (2023 - 2030) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Flight Data Recording Market is accounted for $3.45 billion in 2023 and is expected to reach $5.36 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Flight data recording, a critical aspect of aviation safety, involves the continuous monitoring and storage of various parameters related to an aircraft's operation during flight. Flight data recorders, commonly known as ""black boxes,"" are installed on aircraft to capture and store this information. In the event of an accident or incident, these recordings provide valuable insights into the sequence of events leading up to the event, aiding investigators in determining the cause and implementing measures to prevent future occurrences.
Market Dynamics:
Driver:
Expansion and modernization of the aviation industry
As air travel demand grows globally, airlines and aircraft operators seek to enhance safety and operational efficiency. This drive prompts increased investment in advanced flight data recording systems to comply with regulatory requirements, improve accident investigation capabilities, and optimize operational performance. Moreover, the modernization efforts within the aviation sector necessitate the adoption of state-of-the-art technologies, including more sophisticated flight data recording solutions, to meet evolving industry standards and accommodate the expanding air transportation infrastructure.
Restraint:
Data privacy concerns
Data privacy concerns in flight data recording revolve around the collection, storage, and usage of sensitive flight information, including location data and aircraft performance metrics. These concerns arise due to potential unauthorized access, data breaches, and misuse of recorded data, raising issues of passenger privacy and commercial confidentiality. Failure to address these concerns adequately can erode trust in flight data recording systems, hampering market growth as stakeholders prioritize data privacy and security.
Opportunity:
Growing air traffic
With more aircraft in operation, there is a heightened need for comprehensive flight data recording systems to monitor and analyze flight parameters for safety and regulatory compliance. The growing air traffic underscores the importance of reliable data collection and analysis to enhance aviation safety, optimize operational efficiency, and support accident investigation efforts. As air travel continues to rise, the demand for advanced flight data recording solutions is expected to escalate accordingly.
Threat:
Compatibility issues & integration complexities
Compatibility issues and integration complexities arise in flight data recording due to the diverse range of aircraft models, each with unique systems and configurations. Retrofitting older aircraft with modern recording technology can be challenging, requiring extensive modifications and adaptations. Additionally, ensuring interoperability between various recording systems and data analysis tools poses further challenges. This complexity leads to higher costs and longer implementation times, hindering market growth.
Covid-19 Impact
The covid-19 pandemic significantly impacted the flight data recording market as air travel faced unprecedented disruptions. With a sharp decline in passenger demand, airlines reduced their fleets, postponed upgrades, and deferred investments in new technologies, including flight data recording systems. This downturn led to decreased demand for recording equipment and services. Furthermore, travel restrictions and lockdown measures disrupted supply chains and hindered installation and maintenance activities. The pandemic-induced uncertainties and financial strains across the aviation sector slowed market growth for flight data recording solutions.
The flight operations monitoring segment is expected to be the largest during the forecast period
The flight operations monitoring segment is estimated to have a lucrative growth. Flight operations monitoring is a crucial aspect of FDR, ensuring the safety and efficiency of aviation operations. FOM involves real-time analysis and tracking of aircraft performance, including parameters like altitude, speed, and engine data. FOM allows for the identification of deviations from standard procedures, potential hazards, and areas for improvement. This data is recorded in FDR, aiding in post-flight analysis, accident investigations, and enhancing overall aviation safety standards through informed decision-making and proactive risk management.
The commercial aviation segment is expected to have the highest CAGR during the forecast period
The commercial aviation segment is anticipated to witness the highest CAGR growth during the forecast period. Flight Data Recording in commercial aviation involves the continuous monitoring and storage of aircraft operational parameters, including speed, altitude, heading, and system status. These recordings, typically done through FDRs and CVRs, serve crucial purposes such as accident investigation, performance analysis, and maintenance evaluation. Together, they provide comprehensive insight into flight operations, aiding in enhancing safety measures and informing regulatory improvements within the aviation industry.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the burgeoning aviation industry and increasing emphasis on safety regulations. Countries like China, India, and Southeast Asian nations are experiencing rapid expansion in air travel, leading to a heightened demand for advanced flight data recording systems to ensure safety compliance and accident investigation capabilities. Moreover, technological advancements and rising investments in aviation infrastructure contribute to the market's growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to robust aviation safety regulations and a mature aviation industry. The region is home to major aircraft manufacturers, airlines, and technology companies driving innovation in flight data recording systems. Moreover, stringent regulatory requirements, such as those set by the FAA, drive continual upgrades and adoption of new technologies. Additionally, increasing investments in modernizing aircraft fleets and infrastructure further propel the demand for flight data recording solutions.
Key players in the market
Some of the key players profiled in the Flight Data Recording Market include Honeywell Aerospace, L3Harris Technologies, Curtiss-Wright Corporation, The Boeing Company, Teledyne Technologies Incorporated, Universal Avionics Systems Corporation, Leonardo S.p.A., RUAG Group, Appareo Systems, HENSOLDT, Safran Electronics & Defense, Avionica LLC, SITAONAIR, FLYHT Aerospace Solutions Limited, DFDR Consulting and Garmin Limited.
Key Developments:
In November 2023, HENSOLDT, a European defense company, announced the launch of its SferiRec LCR100 flight recorder at the European Rotors 2023 in Madrid. This recorder is designed for drones, business jets, light helicopters, and light aircraft. The CVFDR, or Cockpit Voice and Flight Data Recorder, also features field loadable software.
In December 2022, The Boeing Flight Data Analytics launched new insight accelerator solution that enables airlines to quickly and accurately identify indicators of premature part degradation or malfunctions, take proactive measures, and turn unplanned maintenance events into scheduled ones. This solution ultimately helps reduce Aircraft on Ground (AOG) and avoid the high impacts of disruptions.
Types Covered:
• Cockpit Voice Recorder (CVR)
• Flight Data Recorder (FDR)
• Quick Access Recorder (QAR)
• Combined Voice & Data Recorder (CVDR)
• Digital Flight Data Recorder (DFDR)
• Other Types
Integration Levels Covered:
• Fully Integrated Systems
• Standalone Recorders
Deployments Covered:
• Onboard Installation
• Ground-based
Applications Covered:
• Accident Investigation
• Flight Operations Monitoring
• Maintenance & Diagnostics
• Training & Simulation
• Other Applications
End Users Covered:
• Commercial Aviation
• Military Aviation
• General Aviation
• Rotorcraft
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2021, 2022, 2023, 2026, and 2030
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flight Data Recording Market, By Type
5.1 Introduction
5.2 Cockpit Voice Recorder (CVR)
5.3 Flight Data Recorder (FDR)
5.4 Quick Access Recorder (QAR)
5.5 Combined Voice & Data Recorder (CVDR)
5.6 Digital Flight Data Recorder (DFDR)
5.7 Other Types
6 Global Flight Data Recording Market, By Integration Level
6.1 Introduction
6.2 Fully Integrated Systems
6.3 Standalone Recorders
7 Global Flight Data Recording Market, By Deployment
7.1 Introduction
7.2 Onboard Installation
7.3 Ground-based
8 Global Flight Data Recording Market, By Application
8.1 Introduction
8.2 Accident Investigation
8.3 Flight Operations Monitoring
8.4 Maintenance & Diagnostics
8.5 Training & Simulation
8.6 Other Applications
9 Global Flight Data Recording Market, By End User
9.1 Introduction
9.2 Commercial Aviation
9.3 Military Aviation
9.4 General Aviation
9.5 Rotorcraft
9.6 Other End Users
10 Global Flight Data Recording Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Honeywell Aerospace
12.2 L3Harris Technologies
12.3 Curtiss-Wright Corporation
12.4 The Boeing Company
12.5 Teledyne Technologies Incorporated
12.6 Universal Avionics Systems Corporation
12.7 Leonardo S.p.A.
12.8 RUAG Group
12.9 Appareo Systems
12.10 HENSOLDT
12.11 Safran Electronics & Defense
12.12 Avionica LLC
12.13 SITAONAIR
12.14 FLYHT Aerospace Solutions Limited
12.15 DFDR Consulting
12.16 Garmin Limited
List of Tables
1 Global Flight Data Recording Market Outlook, By Region (2021-2030) ($MN)
2 Global Flight Data Recording Market Outlook, By Type (2021-2030) ($MN)
3 Global Flight Data Recording Market Outlook, By Cockpit Voice Recorder (CVR) (2021-2030) ($MN)
4 Global Flight Data Recording Market Outlook, By Flight Data Recorder (FDR) (2021-2030) ($MN)
5 Global Flight Data Recording Market Outlook, By Quick Access Recorder (QAR) (2021-2030) ($MN)
6 Global Flight Data Recording Market Outlook, By Combined Voice & Data Recorder (CVDR) (2021-2030) ($MN)
7 Global Flight Data Recording Market Outlook, By Digital Flight Data Recorder (DFDR) (2021-2030) ($MN)
8 Global Flight Data Recording Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Flight Data Recording Market Outlook, By Integration Level (2021-2030) ($MN)
10 Global Flight Data Recording Market Outlook, By Fully Integrated Systems (2021-2030) ($MN)
11 Global Flight Data Recording Market Outlook, By Standalone Recorders (2021-2030) ($MN)
12 Global Flight Data Recording Market Outlook, By Deployment (2021-2030) ($MN)
13 Global Flight Data Recording Market Outlook, By Onboard Installation (2021-2030) ($MN)
14 Global Flight Data Recording Market Outlook, By Ground-based (2021-2030) ($MN)
15 Global Flight Data Recording Market Outlook, By Application (2021-2030) ($MN)
16 Global Flight Data Recording Market Outlook, By Accident Investigation (2021-2030) ($MN)
17 Global Flight Data Recording Market Outlook, By Flight Operations Monitoring (2021-2030) ($MN)
18 Global Flight Data Recording Market Outlook, By Maintenance & Diagnostics (2021-2030) ($MN)
19 Global Flight Data Recording Market Outlook, By Training & Simulation (2021-2030) ($MN)
20 Global Flight Data Recording Market Outlook, By Other Applications (2021-2030) ($MN)
21 Global Flight Data Recording Market Outlook, By End User (2021-2030) ($MN)
22 Global Flight Data Recording Market Outlook, By Commercial Aviation (2021-2030) ($MN)
23 Global Flight Data Recording Market Outlook, By Military Aviation (2021-2030) ($MN)
24 Global Flight Data Recording Market Outlook, By General Aviation (2021-2030) ($MN)
25 Global Flight Data Recording Market Outlook, By Rotorcraft (2021-2030) ($MN)
26 Global Flight Data Recording Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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