Flight Data Recorder Market is expected to dominate in the North American region due to the rapidly rising research and development activities | Industry Key Leaders: AstroNova, Curtiss-Wright Defense Solutions, L-3 Technologies, Universal Avionics System

The report on the global Flight Data Recorder market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

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).

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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.

Major Key players
• 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).

Regional Analysis

The Flight Data Recorder systems market 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.

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, stringent government regulations and demand for accurate and precise flight data among the airline operators and defense forces are some of the other primary factors driving the demand in the flight data recorder market

List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LASER STRIKE CONCERNS
TABLE 3 GLOBAL FLIGHT DATA RECORDER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
TABLE 4 GLOBAL FLIGHT DATA RECORDER MARKET, BY PRODUCT TYPE, 2016-2023 (USD MILLION)
TABLE 5 GLOBAL FLIGHT DATA RECORDER MARKET, BY REGION, 2016-2023 (USD MILLION)
TABLE 6 NORTH AMERICA: FLIGHT DATA RECORDER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
Continued….

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