Global Aerospace Data Recorder Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global aerospace data recorder market in its upcoming report titled, “Global Aerospace Data Recorder Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global data aerospace recorder market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aerospace data recorder market report has been segmented on the basis of product type, technology, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Aerospace data recorders also known as flight data recorders or cockpit voice recorders are electronic devices that are used to record or collect any electronic signals sent to the aircraft and also record the conversation between the pilots and air traffic controllers.
Data recorder records data automatically for 24-hours once it is activated and is considered as one of the important aspect for smooth air flight, which acts as a major factor driving growth of the global aerospace data recorder market. In addition, rising air passenger traffic and the subsequent demand for more aircraft need to manage the increasing air traffic are other major factors expected to boost growth of the global aerospace data recorder market over the forecast period.
However, in order to meet the demand of providing recorders embedded with cutting-edge technologies the manufacturers are adopting expensive sensors and recorders, thereby increasing the cost of data recorders. This is expected to limit the scope of the demand of the product and hamper growth of the global aerospace data recorder market to a certain extent.
Currently, the market in North America is expected to account for highest share in the global aerospace data recorder market in terms of revenue, owing to growing acceptance of the data recorders in countries in the region. The market in Europe is estimated to account for second-highest revenue share in the global aerospace data recorder market, due to increasing awareness about data recorders in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to huge investment on R&D for innovative technologies in aerospace sector in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global aerospace data recorder market segmentation:
By product type:
- Cockpit voice recorder
- Flight data recorder
- Quick access recorder
- Data logger
- Flash card
- Cloud computing
- Solid state
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Honeywell Aerospace
- L-3 Communications Avionics Systems, Inc.
- AstroNova, Inc.
- Teledyne Technologies Incorporated
- FLYHT Aerospace Solutions
- RUAG Group
- DRS Technologies, Inc.
- Universal Avionics Systems Corporation
- Curtiss-Wright Defense Solutions
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