Industry Background:
Aircraft black boxes are electronic recording devices placed in an aircraft. These are one of the most important things on an aircraft. Though called as black boxes, they are in fact bright orange to aid in their recovery after accidents. Technical terms used for black boxes include flight data recorders (FDRs) and cockpit voice recorders (CVRs). There are typically many unanswered questions when an airplane goes down. That's why investigators turn to the airplane's flight data recorder (FDR) and cockpit voice recorder (CVR), for answers. After an aircraft accident in the United States, safety investigators from the (NTSB) National Transportation Safety Board instantly begin searching for the aircraft's black boxes. The voice recorder should also offer the cockpit crew's voices, engine sounds, instrumentation warnings, and other audio recordings during the flight. Modernization of warfare, growing aircraft deliveries around the world as well as established aviation industry & supporting infrastructure in the region such as North America are the factors boosting the growth of the global black boxes market over the near future.
This growth is primarily driven by Growing Aircraft Deliveries, Aircraft Modernization Programs, Improvement In Maritime Business and Advancements In Voyage Data Recorder Technology Market.
Globally, a noticeable market trend is evident Miniaturization Of Recorders. The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Donica Aviation Engineering Co., LTD (United States), Garmin International, Inc. (United States), Universal Avionics Systems Corporation (United States), L-3 Aviation Recorder (United States), HR Smith group (United Kingdom), Honeywell International, Inc. (United States), Danelec Marine A/S (United States), LX navigation d.o.o. (Slovenia), AVIAGE SYSTEMS (China) and IMP Group International Inc. (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Black boxes are obligatory by international regulation, supervised by the International Civil Aviation Organization, to be capable of surviving the conditions likely to be met in a severe aircraft accident. They have been an obligatory requirement in commercial aircraft in the United States.
Market Drivers
- Growing Aircraft Deliveries
- Aircraft Modernization Programs
- Improvement In Maritime Business
- Advancements In Voyage Data Recorder Technology Market
Market Trend
- Miniaturization Of Recorders
Restraints
- International Regulatory Concerns
Opportunities
Real-Time Flight Data Transmission and Emerging Markets
Challenges
Technological Limitation In Data Recorders
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aircraft Black Box Study Sheds Light on
The Aircraft Black Box Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Aircraft Black Box industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Black Box industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.