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  • Aerospace Data Recorders Market - Growing Inclination towards Advanced market to Trigger Market Growth

    (, June 13, 2018 ) The aerospace data recorders are electronics systems that are used to track and record every on-flight information, flight data such as altitude, speed, position and cockpit conversation. These recorded data or information facilitates in investigation during an aircraft accident or incident. The growth of aerospace data recorders market is highly influenced by the public private partnerships in the developed nations and in some of the emerging economies. The government of various developed countries are encouraging the public airlines as well as defense forces to partner with different private companies in order to procure aircraft components. This has given rise to aircraft modernization practices, which is a major trend in the developed nations and few developing countries.

    Additionally, the aircraft manufacturers are witnessing a demand in real time data transmission, which in turn is pressuring the aerospace data recorders manufacturers to design and develop robust technologies in order to meet the demand of real time data transmission. The real time data transmission involves use of Internet of Things and other computer languages, which helps in transmitting the recorded data collected by the recorders to the ground while the aircraft is airborne.

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    The global aerospace data recorder market is anticipated to surge over the period from 2017 to 2025 at a CAGR of 5.8% to account for US$ 2379.5 million as compared to US$ 1460.9 million in 2016. The report segments the market on basis of types, application and geographical locations. The various types of aerospace data recorders are cockpit voice recorders, flight data recorders, data loggers and quick access recorders. Based on application, the market for aerospace data recorders is bifurcated as commercial aircrafts and military aircrafts. The geographical segmentation is considered on basis of five regions as North America, Europe, Asia Pacific, Middle East and Africa and South America.

    The flight data recorder held the largest market share in aerospace data recorders in 2016, while the cockpit voice recorder segment is expected to be the fastest growing type segment during the forecast period from 2017 to 2025. The rising demand for recording every details of pilots conversation with the first office, air traffic controls, on board crews in order to fetch maximum data from the recorders during any investigation, the manufacturers are integrating cockpit voice recorders with enhanced technologies. This is leading to more procurement of enhanced cockpit voice recorders, as a result, the segment is estimated to be the fastest growing type segment.

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    Aerospace Data Recorder Market Key Players:

    Honeywell International Inc.
    L3 Technologies, Inc
    Teledyne Technologies, Inc.
    RUAG Holdings AG
    AstroNova Inc.
    Universal Avionics Systems Corporation
    Curtiss-Wright Defense Solutions
    FLYHT Aerospace Solutions Ltd.
    Leonardo DRS
    MadgeTech Inc.

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    Source: EmailWire.Com


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