The global Flight Data Recorder market was valued at US$ 874.9 million in 2020 and it is expected to reach US$ 1128.7 million by the end of 2027, growing at a CAGR of 3.7% during 2021-2027.
Aerospace data recorders are basically electronic devices that are used to record or collect any electronic signals sent to the aircraft as well as to record the conversation between the pilots and the on board crews and air traffic controller. Flight data recorder market is witnessing significant growth, mainly due to the rapidly rising air passenger traffic and the subsequent demand for more aircraft feel to manage the increasing air traffic.
Modernization of aircraft fleets with the latest technology, and stringent government regulations, are some of the other primary factors driving the demand in the flight data recorder market. The rising demand for accurate and precise flight data among the airline operators and defense forces, also adds to the market growth.
Global Flight Data Recorder Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Flight Data Recorder Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Honeywell International, Teledyne Technologies, AstroNova, Sln Technologies, Flhyt Aerospace Solutions, Leonardo Drs, Ruag Group, Curtiss-Wright Defense Solutions, L-3 Technologies, Universal Avionics Systems and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Cockpit Voice Recorder
- Flight Data Recorder
- Quick Access Recorder
- Voyage Data Recorder
- Data Logger
Segment by Application
Table of Content:
1 Flight Data Recorder Market Overview
2 Flight Data Recorder Market Competition by Manufacturers
3 Flight Data Recorder Retrospective Market Scenario by Region
4 Global Flight Data Recorder Historic Market Analysis by Type
5 Global Flight Data Recorder Historic Market Analysis by Application
6 Key Companies Profiled
7 Flight Data Recorder Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Flight Data Recorder Market Dynamics
10 Global Flight Data Recorder Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta