Aerospace Data Recorders Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2027
Category: #reports  By Partha Ray  Date: 2019-11-22
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Aerospace Data Recorders Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2027 Market Study Report, LLC, has recently added a report on the 'Aerospace Data Recorders market' which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.

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Aerospace data recorders market is expectant to reach US$ 2379.5 million by 2025 as compared to US$ 1460.9 million in 2016, escalating at a CAGR of 5.8% during the forecast period from 2017 to 2025. The major factor influencing the market growth is the rise in air traffic across the globe. The aviation industry is experiencing a huge growth in commercial aviation as well as military aviation as the demand for both has increased rapidly over the past decades. The increase in commercial aviation is attributed to the facts such as increase in disposable income in developed as well as few developing countries, decrease in flight tariffs, and demand for reduced travel time. The increase in military aviation is due to the transportation of military personnel, cargo, and ammunitions from one place to another among others. Owing to these factors, the market for aerospace data recorders is anticipated to grow, however, the high price of next generation data and voice recorders are hindering the market growth. The integration of high end sensors and other technologies into the recorders increases the price of the final products, which in turn jeopardizing the market growth to certain extend.

The market for aerospace data recorders have the potential to grow exponentially owing to different research and developments to enhance the recorders. The development of lightweight data recorders helps the aircraft manufacturers to allocate less space for the recorders, which in turn will help in placing other components. The lightweight and reduced size recorder developed by Honeywell International Inc. also helps in improving the aircraft operations. In addition, the implementation of 90 days underwater locator beacon is also set to increase the demand for aerospace data recorders in the future. Initially, the underwater locator beacons were capable of transmitting signal for maximum of 30 days, however, the recently developed underwater locator beacons are capable of transmitting signals for 90 days, facilitating the rescuers in search operations.

The aerospace data recorders market is segmented on basis of application as commercial aircrafts and military aircrafts. The rise in commercial aviation across the globe is increasing the commercial aircrafts, which in turn is increasing the demand for robust data and voice recorders. Thus, the increase in commercial aircrafts is impacting positively on the market for aerospace data recorders. The military aircrafts segment also contributes healthy market share in the aerospace data recorder market as the defense forces worldwide are investing huge amounts with an objective to develop or procure technologically advanced, reduced size and weight, crash protected and deployable data and voice recorders. The procurement of new military commuter aircrafts or fighter jets or military cargo aircrafts is demanding for integration of new recorders, which will facilitate in understanding the situation of the aircrafts while its airborne. In addition, the aircraft modernization practices are also being conducted by various defense forces in order to upgrade the data and voice recorders or to retrofit them. Thus, the military aircrafts segment is also helping the aerospace data recorders market to grow over the period.

Key questions answered in the Aerospace Data Recorders Market report:

  • What will the Aerospace Data Recorders Market Size and the Growth rate be in future?
  • What are the key market trends impacting the growth of the Aerospace Data Recorders market?
  • Who are the key manufacturers of Aerospace Data Recorders industry: Company Introduction, Product Specification and Major Types Analysis, Production Market Performance, Sales Market Performance, Contact Information?
  • What are the types and applications of Aerospace Data Recorders? What is the market share of each type and application: production, revenue, price, Market Size (Sales) Market Share by Type?
  • What are the upstream raw materials and manufacturing equipment of Aerospace Data Recorders Market? Up Stream Industries Analysis, Raw Material and Suppliers, Equipment and Suppliers, Manufacturing Analysis, Manufacturing Process, Manufacturing Cost Structure, Manufacturing Plants Distribution Analysis, Industry Chain Structure Analysis
  • What is the (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Aerospace Data Recorders?
  • What are the Aerospace Data Recorders market opportunities and threats faced by the vendors in the Aerospace Data Recorders Industry?

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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the aerospace data recorders industry.

Table of Contents

1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 10
2 Introduction 13
2.1 Scope of the Study 13
2.2 The Insight Partners Research Report Guidance 13
3 Key Takeaways 15
4 Market Landscape 18
4.1 Market Overview 18
4.2 Market Segmentation 19
4.2.1 Global Aerospace Data Recorders Market - By Types 21
4.2.2 Global Aerospace Data Recorder Market - By Application 21
4.2.3 Global Aerospace Data Recorders Market - By Geography 21
4.3 Porter's Five Forces 23
4.3.1 Bargaining Power of Buyers 23
4.3.2 Bargaining Power of Suppliers 24
4.3.3 Threats to Substitute Products 24
4.3.4 Threats to New Entrants 24
4.3.5 Competitive Rivalry 24
4.4 Value Chain Analysis - Aerospace Data Recorders Market 26
4.4.1 Raw Material Suppliers 26
4.4.2 System Integrators 27
4.4.3 End Users 27
4.4.4 Suppliers and Distributors 28
5 Global Aerospace Data Recorder Market - Key Industry Dynamics 29
5.1 Key Market Drivers 29
5.1.1 Rapid Increase in Air Traffic 29
5.1.2 Rising Demand for Real Time Data Transmission 29
5.1.3 Increased Aircraft Modernization Programs 30
5.2 Key Market Restraints 31
5.2.1 High Cost of Next Generation Data Recorders 31
5.2.2 Vulnerability to Cyber-Attacks 31
5.3 Key Market Opporunities 32
5.3.1 Increasing Demand for Lightweight Cockpit Voice Recorders 32
5.3.2 Implementation of Data Recorders with Increased Recording Time 32
5.4 Future Trends 33
5.4.1 Development of Crash Protected Fixed and Deployable Voice and Data Recorders 33
5.5 Impact Analysis of Drivers and Restraints 33
6 Aerospace Data Recorder Market - Global 35
6.1 Global Aerospace Data Recorder Market Overview 35
6.2 Global Aerospace Data Recorder Market Forecast and Analysis 37
7 Global Aerospace Data Recorder Market Analysis - By Types 38
7.1 Overview 38
7.2 Cockpit Voice Recorder 39
7.2.1 Overview 39
7.2.2 Global Cockpit Voice Recorder Market Revenue and Forecasts to 2025 (US$ Mn) 39
7.3 Flight Data Recorder 41
7.3.1 Overview 41
7.3.2 Global Flight Data Recorder Market Revenue and Forecasts to 2025 (US$ Mn) 41
7.4 Data Loggers 43
7.4.1 Overview 43
7.4.2 Global Data Loggers Market Revenue and Forecasts to 2025 (US$ Mn) 43
7.5 Quick Access Recorder 44
7.5.1 Overview 44
7.5.2 Global Quick Access Recorder Market Revenue and Forecasts to 2025 (US$ Mn) 44
8 Global Aerospace Data Recorder Market Analysis - By Application 45
8.1 Overview 45
8.2 Commercial Aircrafts 46
8.2.1 Overview 46
8.2.2 Global Commercial Aircrafts Revenue and Forecasts to 2025 (US$ Mn) 46
8.3 Military Aircrafts 48
8.3.1 Overview 48
8.3.2 Global Military Aircrafts Market Revenue and Forecasts to 2025 (US$ Mn) 48
9 Global Aerospace Data Recorder Market - Geographical Analysis 50
9.1 Overview 50
9.2 North America Aerospace Data Recorder Market Revenue and Forecasts to 2025 51
9.2.1 Overview 51
9.2.2 North America Aerospace Data Recorder Market Revenue and Forecasts to 2025 (US$ Mn) 52

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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