Flight Data Recorder Market Research Report 2019 published By Market Research Future, provides information on Global Flight Data Recorder Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Type (Cockpit Voice Recorder, Flight Data Recorder, Quick Access Recorder, Voyage Data Recorder, Data Logger), by Technology (Flash Card, Cloud Computing & Solid State) and by Regions – Global Forecast To 2023
Flight data recorders are installed in commercial, corporate, and private aircraft to keep a record of happenings in the aircraft. Flight data recorders assist in the reconstruction of the events leading to an aircraft accident. They record parameters such as altitude, heading, airspeed, radio transmissions, pilot’s voice, engine’s noise, and other sounds in the cockpit.
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Growing air passenger traffic has resulted in subsequent demand for aircraft which is expected to boost the demand for flight data recorder. It is estimated that the existing batch of fleets is to be replaced by more than 40,000 new aircraft in the next 20 years. It is also expected that the global fleet is likely to reach 45,000 aircraft by 2036. There has been a steep rise in commercial as well as military aviation which has generated substantial demand for flight data recorders. The aviation industry is moving towards modernization trend through the adoption of the latest technologies which is another boosting factor. Moreover, the rate of flight accidents has increased significantly in the past few years which has provided an impetus to the growth of the market.
Furthermore, regulations governing the aviation industry mandate most aircraft to be equipped with a cockpit voice recorder and flight data recorder. Other factors supporting the growth of the market include the need for real-time data transmission in the aviation industry.
On the downside, high costs associated with next-generation flight data recorder can hinder the growth of the market.
Competitive Landscape
- Curtiss-Wright Defense Solutions (U.S)
- SLN Technologies (India)
- Leonardo DRS (U.S)
- L-3 Technologies Inc. (U.S)
- Honeywell International Inc. (U.S)
- Universal Avionics Systems Corporation (U.S)
- RUAG Group (Switzerland)
- FLHYT Aerospace Solutions Ltd. (Canada)
- AstroNova Inc. (U.S)
- Teledyne Technologies Incorporated (U.S)
These are the eminent players in the flight data recorder market.
Industry Updates
February 2019 – Curtiss-Wright Corporation, provider of highly-engineered products and services, and Honeywell International Inc., maker of commercial and consumer products, engineering services and aerospace systems, announced partnership to develop next-generation flight data recorder that is capable of streaming real-time data. The hardware for the same will be jointly developed by both the companies while Honeywell will add the software capabilities.
Segmentation
the global flight data recorder market has been segmented based on technology and type.
By type, the flight data recorder market has been segmented into flash card, cloud computing, and solid state.
By type, the flight data recorder market has been segmented into cockpit voice recorder and flight data recorder.
Regional Analysis
By region, the flight data recorder market has been segmented into North America, Latin America, The Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
The global flight data recorder market is anticipated to be led by North America over the forecast period. Rigorous R&D activities and established aviation industry are fueling the growth of the market. The presence of sophisticated technology and supporting infrastructure in the region has also driven the market significantly.
The APAC market is anticipated to be driven by growing air passenger traffic in the region, which generates demand for flight data recorder. Development of new airports, along with upgradation of existing ones has also favored the growth of the market. The governments in the region have also endeavored towards the development of the aviation sector, which is likely to push the growth of the market over the forecast period.
The emerging markets of Latin America and MEA are anticipated to showcase substantial growth over the forecast period. The upsurge in demand for air travel in the region along with an increase in spending capabilities has created a positive tone for the development of the flight data recorder market in these regions. These emerging regions are investing heavily in the procurement of aircraft which can affect the market growth positively.
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Scope of Report
The report for Global Flight Data Recorder Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List of Tables
Table 1 Market Synopsis
Table 2 Laser Strike Concerns
Table 3 Global Flight Data Recorder Market, by Application, 2016-2023 (Usd Million)
Table 4 Global Flight Data Recorder Market, by Product Type, 2016-2023 (Usd Million)
Table 5 Global Flight Data Recorder Market, by Region, 2016-2023 (Usd Million)
Table 6 North America: Flight Data Recorder Market, by Country, 2016-2023 (Usd Million)
Table 7 North America: Flight Data Recorder Market, by Application, 2016-2023 (Usd Million)
Table 8 North America: Flight Data Recorder Market, by Product Type, 2016-2023 (Usd Million)
Table 9 U.s.: Flight Data Recorder Market, by Application, 2016-2023 (Usd Million) 50
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List of Figures
Figure 1 Key Takeaways of the Flight Data Recorder Market
Figure 2 Key Buying Criteria of Flight Data Recorders
Figure 3 Research Process of Mrfr
Figure 4 Top Down & Bottom Up Approach
Figure 5 Porter’s Five Forces Analysis of Global Flight Data Recorder Market
Figure 6 Advantages of Laser Rangefinders
Figure 7 Major Chemicals Used to Create Smoke Screens
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