Aerospace Data Recorder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

The top ten names operating in the global aerospace data recorder market are Honeywell International Inc., AstroNova Inc., Teledyne Technologies Inc., Curtiss-Wright Defense Solutions, FLYHT Aerospace Solutions Ltd., L-3 Technologies Inc., SLN Technologies, RUAG Group, Leonardo DRS, and Universal Avionics Systems Corporation.

As per a report by Transparency Market Research, the global aerospace data recorder market will likely register a lackluster CAGR of 4.6% during the period between 2017 and 2025 to reach a value of US$2.086 mn by 2025 from US$1.422 million in 2016.

Increasing Commercial Airlines Catapults North America Market

Depending upon the different types of components, the global aerospace data recorder market can be classified into flight data recorder, cockpit voice recorder, quick access recorder, and data recorder. Among them, the cockpit voice recorder and flight data recorder together accounted for over 50.0% of the total revenue grossed in 2016. The cockpit voice recorder, further, is slated to grow at a healthy clip in the years to come.

Based on geography again, the market for aerospace data recorder market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. At present, North America holds the leading share in the market and is trailed by Europe. Serving to boost the market in the region is the proliferation of commercial airlines and swift expansion of air traffic in the last couple of years. This has necessitated better technologies such as flight recorders that help in better investigation in case of any untoward eventuality. Further, the U.S is ploughing large amounts in modernization of conventional systems embedded in defense aircrafts. This has resulted in manufacturers developing robust technologies in meet the demand of the U.S Department of Defense.