The global market for global Flight Data Recorder market is expected to witness significant growth between 2016 and 2025.
Aerospace data recorders are basically electronic devices that are used to record or collect any electronic signals sent to the aircraft as well as to record the conversation between the pilots’ and the on board crews and air traffic controller. Flight data recorder market is witnessing significant growth, mainly due to the rapidly rising air passenger traffic and the subsequent demand for more aircraft fleet to manage the increasing air traffic.
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Global Flight Data Recorder 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.
- Distributor & supplier companies
- End users
- Consultants and investment bankers
- Government as well as independent regulatory authorities
The key players of global Flight Data Recorder market are 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).
Market Research Analysis:
The market for Flight Data Recorder systems 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 in the market growth. Existence of sophisticated technology and major manufacturers in the North American region, have 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 into the development of new airports and upgradation of old ones, have been majorly driving the growth of this market.
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Flight Data Recorder Market, by Type
1.1.2. Global Flight Data Recorder Market, by Technology
1.1.3. Global Flight Data Recorder Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. Market Insights
5. Market Dynamics
List of Tables
Table 1 List of Assumptions
Table 2 Major Patents Granted for Flight Data Recorder (15 May 2010–15 May 2019)
Table 3 Type: Global Flight Data Recorder Market, 2018–2025 (Usd Million)
Table 4 Technology: Global Flight Data Recorder Market, 2018–2025 (Usd Million)
Table 5 Global Flight Data Recorder Market, by Region, 2018–2025 (Usd Million)
Table 6 North America: Flight Data Recorder Market, by Country, 2018–2025 (Usd Million)
Table 7 North America: Flight Data Recorder Market, by Type, 2018–2025 (Usd Million)
List of Figures
Figure 1 Market Synopsis
Figure 2 Global Flight Data Recorder Market: Market Attractiveness Analysis
Figure 3 Global Flight Data Recorder Market Analysis, by Type
Figure 4 Global Flight Data Recorder Market Analysis, by Component
Figure 6 Global Flight Data Recorder Market Analysis, by Region
Figure 7 Global Flight Data Recorder Market: Market Structure
Figure 8 Key Buying Criteria for Flight Data Recorder Types
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