What is Flight Data Recorder Market?
Flight data recorder, also known as a black box, a device that collects and record data from a variety of aircraft sensors used to record specific aircraft performance parameters. It records all flight information with a specific algorithm. This information is accessible to authorities when needed. Flight data recorders are resistant to the most extreme situations. These recorders are subjected to many safety tests before they are mounted on aircraft. The factors such as the Increased Number of Aircraft Modernization Programs and Rising Focus on Accurate and Precise Flight Data Collection are the key driving factors for the global Flight Data Recorder market. Also, Technological Advancements in Flight Data Recorder fueling the market growth. However, High Cost of Flight Data Recorder, Unstable Macro-Economic Factors, and Economic Slow Down Hampered Aircraft Production may hamper the market growth.
Highlights from Flight Data Recorder Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | HENSOLDT Sensors GmbH (Germany), Honeywell Aerospace (United States), Garmin Ltd. (United States), Teledyne Technologies (United States), AstroNova, Inc. (United States), FLYHT Aerospace Solutions (Canada), Leonardo DRS (United States), RUAG Holding (Switzerland), Curtiss-Wright Defense Solutions (United States), L-3 Technologies (United States) and Universal Avionics Systems Corporation (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Flight Data Recorder market throughout the forecasted period.
HENSOLDT Sensors GmbH (Germany), Honeywell Aerospace (United States), Garmin Ltd. (United States), Teledyne Technologies (United States), AstroNova, Inc. (United States), FLYHT Aerospace Solutions (Canada), Leonardo DRS (United States), RUAG Holding (Switzerland), Curtiss-Wright Defense Solutions (United States), L-3 Technologies (United States) and Universal Avionics Systems Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Appareo Systems (United States) and SLN Technologies (India). Flight Data Recorder Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Military Application and Civil Application |
Type | Cockpit Voice Recorder (CVR), Quick Access Recorder and Data Loggers |
Technology | Flash Cards,Cloud Computing,Solid State Cockpit Voice Recorder |
On the basis of geography, the market of Flight Data Recorder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Flight Data Recorder
Market Growth Drivers:
Increased Number of Aircraft Modernization Programs and Rising Focus on Accurate and Precise Flight Data Collection
Challenges:
Unstable Macro-Economic Factors and Economic Slow Down Hampered Aircraft Production
Restraints:
High Cost of Flight Data Recorder
Opportunities:
Rise in the Air Passenger Traffic and Stringent Government Rules and Regulations about Passenger Safety
Key Target Audience
Flight Data Recorder Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users