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Aerospace Data Recorder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Aerospace Data Recorder Industry: Forecasts to 2025

  • July 2017
  • 146 pages
  • ID: 5038756
In this report:
This trend is expected to grow the market for aerospace data recorder market in the current scenario.
Due to the rapid escalation in the commercial aviation worldwide, the commercial segment held the majority of market share in 2016 and the segment is estimated to grow at a significant CAGR from 2017 to 2025.

Summary

Table of Contents

Global Aerospace Data Recorder Market: Summary

The aerospace industry across the world has been experiencing quick escalation in air traffic in the past few years. In order to meet the growing air traffic, the airline operator are ordering for more aircrafts, integrated with latest technologies. This trend is forecast to grow the sector for aerospace data recorder market in the current scenario. The aerospace data recorder are the electronic devices used to record or collect any electronic signals sent to the aircraft as well as the conversation between the pilots' and the on board crews and air traffic controller. These devices are used by the aircraft accident investigation agencies and the aircraft operators during any aircraft accident or incidents.

Global Aerospace Data Recorder Market: Drivers and Trends

The industry demand for accurate and precise flight data among the airline operators and defense forces across the world are fuelling the growth of market for aerospace data recorder. Another factor bolstering the growth of the aerospace data recorder market during the estimate period from 2017 to 2025 is the modernization of the existing aircraft with latest technology. The latest technology will offer the commercial airlines and defense forces with enhanced safety and operation benefits. The modernization of aircrafts are evoking the interest among the manufacturers to incorporate strong data recorders. The benefits of flight recorders can help the airliners and investigation agencies to identify and detect the cause of the accident or incident. In order to meet the surging demand for modernization of aircrafts, the manufacturers are procuring the data recorders in big numbers, which in turn is helping the aerospace data recorder market to grow over the time

The industry for aerospace data recorder is poised to grow in future due to introduction of expanded underwater locator beacon. The manufacturers of flight recorders have developed a additional underwater locator beacon which can operate under water for maximum of 90 days, which was limited to 30 days in the conventional aerospace data recorders. This development is anticipated to impact heavily on the growth of market for aerospace data recorder in the next years.

Global Aerospace Data Recorder Market: Segmentation

In the analysis on aerospace data recorder market, the sector is divided on basis of components, application and area. The distinct components of aerospace data recorder included in the market research are cockpit voice recorder, flight data recorder, quick access recorder, data loggers. In 2016, the biggest market globally was captured by flight data recorders. Owing to the fact that, flight data recorders captures several data from an aircraft, the same are heavily attached to aircrafts. This has led the segment to dominate among the different components of flight recorders. Cockpit voice recorder is projected to be the quickest increasing type segment, expanding at a serious rate during the outlook period from 2017 to 2025. The application segment is bifurcated as commercial and defense sector.

Due to the quick escalation in the commercial aviation worldwide, the commercial segment held the majority of market share in 2016 and the segment is forecasted to grow at a meaningful Compound annual growth rate from 2017 to 2025. The estimated growth of commercial segment is attributed to the fact that, the overall aerospace industry is witnessing huge growth in air traffic.

Global Aerospace Data Recorder Market: Geographical Analysis

Geographically, the aerospace data recorder market is categorized on basis of five top regions as North America (NA), EU, Asia-Pac, Middle East (ME) and African continent and Latin America area. The majority of the market share was contributed by North America continent in 2016 succeeded by Europe (EU). Due to comprehensive research and development being carried out in the North America region in order to manufacture technologically strong flight recorder, the area is leading the industry in 2016. Asia Pacific (APAC) is witnessing huge demand for air traffic especially in the countries including China, India (IN), Japan (JP) and South Korea among others, due to which the territory is expected to be the quickest increasing region globally.

Global Aerospace Data Recorder Market: Competitive Analysis

Across five main regions globally, the best ten participants operating in the sector for aerospace data recorder has been profiled in this industry report. The participants are Honeywell International Inc., Teledyne Technologies Incorporated, AstroNova Inc., SLN Technologies, FLHYT Aerospace Solutions Ltd., Leonardo DRS, RUAG Group, Curtiss-Wright Defense Solutions, L-3 Technologies Inc., Universal Avionics Systems Corporation.

The segments included in the man-portable anti-armor weapons market are as follows:

Global Aerospace Data Recorder Market, 2017-2025: By Components

Global Aerospace Data Recorder Market, 2017 - 2025: By Geography

North America (NA)

USA

Canada (CA)

Mexico (MX)

Europe (EU)

U.K

Germany (DE)

Italy (IT)

France (FR)

Rest of europe (EU)

Asia-Pac

China (CN)

India (IN)

Japan (JP)

Rest of Asia Pacific (APAC)

Middle East and Africa

Saudi arabia (SA)

Israel

Rest of African region and Middle East

Latin America

Brazil (BR)

Rest of Latin America

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