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Aircraft Flight Recorder Market by Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), Fast Access Recorders and Data Loggers), End-user (Civil and Commercial Aviation, Military Aviation), and Geography – Global Industry Size, Growth, Trends, Demand Analysis Forecast Report 2022 to 2027

Published: January, 2022
ID: 9183
Pages: 175
Formats: report pdf report excel report power bi report ppt

Aircraft Flight Recorder Market Share Size and Forecast 2022 - 2027

Aircraft Flight Recorder Market was estimated at US$ xx million in 2021, and the market is expected to record a CAGR of 8% to reach US$ xx million by 2026.

Flight recorders (black boxes) are electronic recorders that exist on airplanes to support aviation accidents and accident investigations. The recorder is designed to allow data to survive disasters, not the recorder itself. The data storage medium (tape or microchip) is mounted inside a shock-resistant fireproof container.

Aircraft Flight Recorder Market Recent Developments and Trends:

June 2017: Airbus presents L320 Technologies and A320, A321LR, A330, A350XWB, and A380.

L3 is developing a new voice and data recorder for the aircraft cabin for the unique sound and data recording commands of the European Aviation Safety Agency (AESA). The new SRVIVR25 flight data and cockpit voice recorder will be certified between 2019 and 2021.

In April 2017, Novega GmbH received an order for a European technical standard (ETSO) for EAID SID88, a long-range, low-frequency underwater detector (ULD). This is the first ULD designed and manufactured in Europe that meets the standards of aviation operation in Europe.

Aircraft Flight Recorder Market Growth:

As the technology matures, development tools are operational, and everyone has focused their energy on common goals. The next step is to integrate this innovative approach to collect data from a single device.

Aircraft Flight Recorder Market Drivers:

The increase in air accidents worldwide is driving the demand for new and advanced flight recorders that are intact and undamaged to support regulatory investigations. Companies require that new products meet the requirements for such records, as well as the need for new registrations, to modify regulations on the installation of new flight recorders (underwater positioning devices and aircraft location) on aircraft of regulatory bodies as EASA and ICAO. They are investing in OEM aircraft and aircraft operators. The advent of digital recorders is driving the growth of the digital cockpit voice and data recorder (CVDR), which helps reduce the overall weight of the aircraft. The aerospace data recorder, better known as a flight recorder, is primarily an electronic device that allows in aircraft research. 

Flight Data Recorder and Cockpit Voice Recorder are the most widely used aerospace data recorders. Creating demand in the world market for aerospace data loggers is the demand for real-time data transmission in flight. The Aircraft Flight Recorder needs to integrate real-time data transmission systems into commercial and military aircraft. The market for Aircraft Flight Recorder is growing as the demand for real-time data transmission increases.

Aircraft Flight Recorder Market Restraints:

Serving as a constraint for the global Aircraft Flight Recorder Market is the high price of next-generation flight recorders. Increasingly, the aerospace industry around the world is pursuing the demand for state-of-the-art technology to accumulate accurate data on airplanes. As a result, Aircraft Flight Recorder manufacturers are developing technologies that use sophisticated and expensive electronic devices and sensors, which in turn increase the price of the final product, which in turn suppresses demand.

AIRCRAFT FLIGHT RECORDER MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 - 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

8%

Segments Covered

According to type, By End-user

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

L3Harris Technologies Inc., Novega GmbH, GE Aviation, Curtiss-Wright, HR Smith group, L-3 Aviation Recorder, Teledyne Technologies, Inc.

Market Segmentation:

Aircraft Flight Recorder Market According to type:

The global Aircraft Flight Recorder market can be classified into flight data recorders, cockpit voice recorders, fast access recorders, and data loggers. Among them, cockpit voice recorders and flight data recorders accounted for more than 50.0% of total sales in 2019. The cockpit voice recorder is also expected to record a healthy growth rate in the coming years.

Aircraft Flight Recorder Market By End-user:

The global aircraft flight recorder market is segmented as Civil and commercial aviation and military aviation. Of these, civil and commercial aviation is the most productive segment that is likely to witness tremendous demand over the forecast period.

Regional Analysis:

The Asia-Pacific Aircraft Flight Recorder market has the highest share, with operations of approximately 7,441 aircraft in early 2019. National air travel has experienced steady growth in the Asia-Pacific region over the past decade, especially in counties like China, India and Japan, Indonesia, Australia, and more. In addition, intercontinental traffic is increasing in the world, especially in North America, the Middle East, and Europe. 

The airlines have created new flight routes by improving connections within/from the APAC region to enhance service and accommodate potential customers. This encouraged the purchase of new aircraft and the availability of several aircraft orders. Along with the delivery of new aircraft scheduled to be delivered during the forecast period, the presence of existing large aircraft fleets requires a new flight registration system in the Asia Pacific region. 

Besides, the increase in military spending for the countries of the area is helping the development and acquisition of the next generation of advanced military aircraft, driven by the country's current geopolitical tensions. For the reasons mentioned above, the demand for Aircraft Flight Recorder Market in the Asia-Pacific region is expected to increase with the most significant growth during the forecast period.

Top Leading Company:

L3 Harris Technologies Inc. flies in major Aircraft Flight Recorders in commercial aviation (Airbus, B737, B767), military (Lockheed Martin F-22 Raptor, Lockheed Martin F-35 Lightning II), and general.

Key Players:

The main players in the Aircraft Flight Recorder Market are L3Harris Technologies Inc., Novega GmbH, GE Aviation, Curtiss-Wright, HR Smith group, L-3 Aviation Recorder, Teledyne Technologies, Inc., Danelec Marine A/S, Elbit Systems Ltd., and Honeywell International Inc.

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