Aerospace Data Recorder Market : Applications and Global Markets

The most commonly known aerospace data recorders are flight data recorders and cockpit voice recorders. Majorly fuelling the global aerospace data recorders market is the pressing need for real-time data transmission during flight. The data transferred to and from cockpit and aircraft serve a crucial purpose in investigations. On account of this, they are being increasingly incorporated in commercial as well as military aircrafts.

Acting as a restraint to the global aerospace data recorder market is the expensiveness of next generation flight recorders. A growing aerospace industry worldwide is stoking demand for cutting-edge technologies to amass accurate and precise data from an aircraft.

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A report by Transparency Market Research projects the global aerospace data recorder market to expand at a lackluster CAGR of 4.6% from 2017 to 2025. At this pace, the market will likely attain a value of US$2.086 mn by 2025 from US$1.422 million in 2016.

Component-wise, the global aerospace data recorder market can be divided into flight data recorder, cockpit voice recorder, quick access recorder, and data recorder. The flight data recorder, among them, leads the market and it contributed significantly to the market share in 2016. In the years ahead, the segment is expected to expand further.

From a geographical standpoint, North America is a leading market for aerospace data recorders that holds maximum share. Bolstering the market in the region is the growth of commercial airlines and swift expansion of air traffic, particularly in the last few years. This has also driven up demand for flight recorders.

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Europe trails North America in terms of market share and is also expected to grow at a swift pace in the upcoming years. The region’s growth is mainly stoked by the ongoing modernization of commercial aircrafts and defense aircrafts which are resulting in investment in improved technologies.

In terms of growth rate, Asia Pacific is slated to surpass all other regions in the global aerospace data recorder market mainly on the back of surging air traffic in the countries of India, China, Japan, Australia, and South Korea. China and Japan together generated over half of the revenue in the region in 2016, while, India is expected to emerge as the most attractive market in the foreseeable future.

The top ten companies in the global aerospace data recorder market are Honeywell International Inc., AstroNova Inc., Teledyne Technologies Inc., Curtiss-Wright Defense Solutions, FLYHT Aerospace Solutions Ltd., L-3 Technologies Inc., SLN Technologies, RUAG Group, Leonardo DRS, and Universal Avionics Systems Corporation.

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