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Global Aerospace Data Recorder Market 2023 Key Stakeholders, CAGR, Growth Factors and Forecast 2032
Aerospace Data Recorder Global Market
Aerospace Data Recorder Market Size, Growth Rate, And Forecast
The global aerospace data recorder market size is expected to grow from $1.64 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aerospace data recorder market size is expected to reach $2.12 billion in 2027 at a CAGR of 5.2%.
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Aerospace Data Recorder Market Drivers
The growing air traffic is expected to propel the aerospace data recorder market going forward. Air traffic refers to the overall number of passengers utilizing the airport, including those boarding and using the air medium for transport of goods and services. The increased air traffic will necessitate the use of advanced technologies in aircraft design for improving safety to recording flight data and cockpit voice for better performance of flights.
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Aerospace Data Recorder Market Segments
1) By Product: Cockpit Voice Recorder, Flight Data Recorder, Quick Access Recorder, Data Logger
2) By Aircraft Type: Wide Body, Narrow Body, Turboprop, General Aviation and Business Jets, Rotorcrafts
3) By Application: Commercial, Defense
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aerospace Data Recorder market.
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Aerospace Data Recorder Market Key Players
Major competitors in the Aerospace Data Recorder market include L3 Technologies Inc, Teledyne Technologies LLC, RUAG International Holding AG, Curtiss-Wright Corporation, AstroNova Inc, Universal Avionics Systems Corporation, FLYHT Aerospace Solutions Ltd, Leonardo DRS, Honeywell International Inc, Flight Data Systems Pty Ltd, HR Smith Group
The Table Of Content For The Aerospace Data Recorder Market Include:
1. Executive Summary
2. Aerospace Data Recorder Market Characteristics
3. Aerospace Data Recorder Market Trends And Strategies
4. Aerospace Data Recorder Market - Macro Economic Scenario
5. Aerospace Data Recorder Market Size And Growth
……
27. Aerospace Data Recorder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Data Recorder Market
29. Aerospace Data Recorder Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Aerospace Data Recorder Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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