Flight Data Recorder Market Size, Industry Analysis, Key Insights And Forecast To 2033

The new report published by The Business Research Company, titled ""Flight Data Recorder Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the flight data recorder market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The flight data recorder market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15174&type=smp

Increased Air Traffic Drives The Flight Data Recorder
The upsurge in air traffic is expected to drive the growth of the flight data recorder market going forward. Air traffic refers to aircraft movement within a specific area or along a particular route. There is increasing air traffic due to the construction of new airports, the expansion of existing facilities, and the improvement of air traffic management systems that have facilitated the growth of air travel capacity. Flight data recorders are critical in air traffic for capturing and analyzing essential flight parameters to enhance safety and investigate incidents. For instance, in January 2024, according to the International Air Transport Association (IATA), a Switzerland-based airline and aviation association, Middle Eastern airlines witnessed a 33.3% surge in traffic in 2023 compared to 2022, accompanied by a 26.0% rise in capacity and a load factor of 80.1%. During the same period, North American carriers noted a 28.3% year-on-year traffic boost, with a capacity increase of 22.4% and a load factor reaching 84.6%. Therefore, the upsurge in air traffic is driving the growth of the flight data recorder market.

Innovative Lightweight Flight Data Recorders Revolutionize Aerospace Safety
Major companies operating in the flight data recorder market are developing innovative and lightweight solutions for eVTOLs, helicopters, and unmanned aircraft to better serve customers with advanced features and gain a competitive edge in the market. A lightweight flight data recorder (xLDR) is a high-capacity voice and flight data recorder designed with advanced materials and engineering methods to reduce weight while maintaining or enhancing structural integrity and performance. For instance, in July 2022, L3Harris Technologies, a US-based information technology services and national security solutions provider, announced the launch of the Extra Light Data Recorder (xLDR), designed specifically for the growing light eVTOL and unmanned aircraft systems market. This new recorder is 50% lighter than the current LDR family, providing crash protection while capturing audio, flight data, video, and GPS parameters. It exceeds global mandates for crash-protected flight recorders on smaller aircraft, offering features including increased data collection rate, auto-recording, and pilot-control capabilities.

The flight data recorder market covered in this report is segmented -

1) By Type: Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), Quick Access Recorder (QAR)
2) By Aircraft Type: Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, Other Aircraft Types
3) By Component: Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, Other Components
4) By Function: Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, Other Functions
5) By End User: Civil And Commercial Aircraft, Military Aircraft, Helicopter

Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15174&type=discount

Major companies operating in the flight data recorder market report are Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Safran SA, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Spirit AeroSystems Holdings Inc., Garmin Ltd., Saab AB, Honeywell International Inc., Bell Textron Inc., General Dynamics Corporation, Curtiss-Wright Corporation, CAE Inc., Meggitt PLC, FLIR Systems Inc., RUAG Group, Cobham plc, ASELSAN A.Ş., Universal Avionics Systems Corporation, ACR Electronics Inc., FLYHT Aerospace Solutions Ltd., SLN Technologies Pvt. Ltd., AstroNova Inc.

Contents of the report:
1. Executive Summary
2. Flight Data Recorder Market Report Structure
3. Flight Data Recorder Market Trends And Strategies
4. Flight Data Recorder Market - Macro Economic Scenario
5. Flight Data Recorder Market Size And Growth
…..
27. Flight Data Recorder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/flight-data-recorder-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.