Aerospace Data Recorder Market by Regional Analysis, Key Players and Forecast 2025
The
top ten names operating 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.
View
Report:
As
per a report by Transparency Market Research, the global aerospace
data recorder market will likely register a lackluster CAGR of 4.6%
during the period between 2017 and 2025 to reach a value of US$2.086
mn by 2025 from US$1.422 million in 2016.
Increasing
Commercial Airlines Catapults North America Market
Depending
upon the different types of components, the global aerospace data
recorder market can be classified into flight data recorder, cockpit
voice recorder, quick access recorder, and data recorder. Among them,
the cockpit voice recorder and flight data recorder together
accounted for over 50.0% of the total revenue grossed in 2016. The
cockpit voice recorder, further, is slated to grow at a healthy clip
in the years to come.
Based
on geography again, the market for aerospace data recorder market can
be segmented into North America, Europe, Asia Pacific, Latin America,
and the Middle East and Africa. At present, North America holds the
leading share in the market and is trailed by Europe. Serving to
boost the market in the region is the proliferation of commercial
airlines and swift expansion of air traffic in the last couple of
years. This has necessitated better technologies such as flight
recorders that help in better investigation in case of any untoward
eventuality. Further, the U.S is ploughing large amounts in
modernization of conventional systems embedded in defense aircrafts.
This has resulted in manufacturers developing robust technologies in
meet the demand of the U.S Department of Defense.
Need
for Real-time Data Transfer during Flight Boosts Market
Aerospace
data recorders, better known as flight recorders, are electronic
devices that mostly help in carrying out investigations of the
aircrafts. Flight data recorders and cockpit voice recorders are the
most commonly used aerospace data recorders. Serving to generate
demand in the global aerospace data recorders market is the demand
for real-time data transmission during flight. Explains the lead
analyst of the TMR report, “The data transmitted to and from
cockpit and aircraft, are crucial during an investigation, and
because of this, the global aerospace industry are demanding
real-time data transmission systems to be incorporated in to the
commercial as well as military aircrafts. The surging requirement for
real-time data transmission is driving the growth of market for
aerospace data recorder.”
Request
Sample Report@
Comments
Post a Comment