Flight Data Recorder Market Size | Global Structure, Share, Trends, Analysis and Outlook | Major key Companies: Honeywell International , Leonardo DRS & AstroNova

Flight Data Recorder Industry 2018 Global Market research report provide detailed analysis of growth factors of the Flight Data Recorder industry as well as it gives analysis of market share, trends, size, Business Methodologies, Financial Overview, Growth Prospects and forecast till 2023. The Flight Data Recorder industry report has studied key Strategies in the market i.e Emerging and Manipulating factor which is useful to the Sales revenue and business Generation.

Flight Data Recorder Market Information Report by Type (Cockpit Voice Recorder, Flight Data Recorder, Quick Access Recorder, Voyage Data Recorder, Data Logger), by Technology (Flash Card, Cloud Computing & Solid State) and by Regions - Global Forecast To 2023

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Key Players

The key players of global Flight Data Recorder market Honeywell International Inc. (U.S), Teledyne Technologies Incorporated (U.S), AstroNova Inc. (U.S), SLN Technologies (India), FLHYT Aerospace Solutions Ltd. (Canada), Leonardo DRS (U.S), RUAG Group (Switzerland), Curtiss-Wright Defense Solutions (U.S), L-3 Technologies Inc. (U.S), Universal Avionics Systems Corporation (U.S).

Market Scenario

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. As of 2016, there were more than 22,000 active aircraft across the globe. The existing fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years, and the global fleet is likely to reach 45,000 aircraft by 2036. Moreover, the high demand for air travel in the emerging regions, such as Asia, Latin America, and the Middle East, leads to an increase in the number of aircrafts in these regions. As a result, approximately 22,000 aircrafts are expected to be delivered to these regions in the next 20 years. On the other hand, it is expected that over 15,000 aircrafts would be delivered in developed regions such as North America and Europe, by 2036. 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.

Regional Analysis

The market for Flight Data Recorder systems is expected to dominate in the North American region due to the rapidly rising research and development activities here. Established aviation industry and supporting infrastructure also aids the growth of the market. Existence of sophisticated technology and major manufacturers in the North American region has significantly contributed in the growth of the flight data recorder market in the North American region.

Rapidly rising air passenger traffic in the Asia Pacific region has been key to the high growth rate in this region. Rising government investment towards development of new airports and upgradation of old ones, have been other major factors driving the growth of this market.

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