Flight Data Recorder Market Anticipated to Notice Prominent Growth of USD 2,484,963.92 Thousand By 2030, Size, Share, Trends, Demand, Growth and Competitive Outlook

Data Bridge Market Research analyses that the global flight data recorder market is expected to reach a value of USD 2,484,963.92 thousand by 2030, at a CAGR of 4.2% during the forecast period. The global flight data recorder market report also comprehensively covers pricing analysis, patent analysis, and technological advancements

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BERLIN, May 11, 2023 (GLOBE NEWSWIRE) -- The Flight Data Recorder Market study formulated by Data Bridge Market Research presents a detailed analysis of the influential trends prevailing in this business sphere. The Flight Data Recorder market analysis report comprises a complete analysis of the market with key players, applications, types, and regions. This global market report brings into light key market dynamics of the sector. It gives an in-depth knowledge of what the recent developments are, product launches are, while also keeping track of recent acquisitions, mergers, joint ventures, and competitive research in the global market industry. It provides guidelines for the planning of advertising and sales promotion efforts. The significant Flight Data Recorder marketing report is a vital document in planning business objectives or goals.

The world-class Flight Data Recorder business report is generated by performing high-level market research analysis of key marketplace segments to identify opportunities, challenges, drivers, and market structures for clients. Strategically analyzed facts and figures of the market and keen business insights covered in this market report would be a key aspects in achieving enduring business growth. This market research report encompasses different industry verticals for the Flight Data Recorder industry such as company profile, contact details of the manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company.

Data Bridge Market Research analyses that the global flight data recorder market is expected to reach a value of USD 2,484,963.92 thousand by 2030, at a CAGR of 4.2% during the forecast period. The global flight data recorder market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.     

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A flight data recorder is an electronic recording device installed in the aircraft to simplify the investigation of aviation incidents and accidents. The flight data recorder is also called a misnomer black box in the global industry. In an aircraft, two different forms of flight recorders are installed; one is a flight data recorder which preserves the current history through the recording of several parameters collected in the box, and meanwhile, the second one is a cockpit voice recorder which conserves the current data of the sounds in the cockpit, together with the conversation of the pilots.

Moreover, the data recording in flight requires various electronic and electric components segmented based on their function and type. However, different types of aircraft have different recording devices, different recording times, and different types of installation involvement. These different types of recording data are used for different purposes involving defense, commercial and personal.

The flight data recorder market has been evolving the aviation and aircraft industry toward safety. Furthermore, aircraft modernization programs are further anticipated to propel the growth of the flight data recorder market. Moreover, a rise in the demand for situational alertness is further estimated to cushion the growth of the flight data recorder market. On the other hand, the rise in aircraft deliveries worldwide, the upsurge in air traffic, and the adoption of high-tech commercial aviation technologies have been major driving factors. Although, the rising travel demand, increasing supportive government policies, and usage of UAVs have been helping the market to thrive at a greater pace.

The Latest Study Conducts a Comprehensive Analysis of the Global Market, considering the current competitive landscape and its future evolution in the next few years.

The global Flight Data Recorder market is experiencing rapid growth, fueled by rising demands, industrialization, consumer awareness, and technological advancements. Sales and revenue in this sector have surged at an exponential pace, and the market's expansion is expected to continue over the projected period.

In order to expand their market share and reach a wider client base, leading businesses in the worldwide Flight Data Recorder market are heavily investing in research and development. The study provides detailed insights into the strategies, financial health, revenue, gross margin, and growth rates of these companies.

OPPORTUNITY

  • RISING AIR TRAVEL DEMAND IN EMERGING MARKETS

Emerging countries have invested in refining their airport infrastructure to accommodate the rise in air travel. This includes constructing new airports, expanding existing airports, and upgrading airport technology and services to improve efficiency and passenger experience. This is increasing adoption of air travel in emerging economies which is expected to be an opportunity for the growth of the flight data recorder market.

The most prominent players in the Flight Data Recorder market include.

  • Elbit Systems Ltd.
  • Raytheon Technologies Corporation
  • Safran
  • Honeywell International Inc.
  • GENERAL ELECTRIC
  • Leonardo DRS
  • L3Harris Technologies, Inc.
  • Curtiss-Wright Corporation
  • Teledyne Controls LLC
  • AstroNova, Inc.
  • SECO S.p.a.
  • FLIGHT DATA SYSTEMS
  • AERTEC
  • SLN Technologies
  • AMETEK. Inc.
  • Flight Data Vision
  • HR Smith Group of Companies
  • FLYHT Aerospace Solutions Ltd.
  • Aversan Inc.
  • Latitude Technologies Corporation
  • LX navigation d.o.o.
  • niron-sys
  • uavnavigation.com

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Recent Development

  • In November 2022, Leonardo DRS announced the merger closing of RADA Electronic Industries Ltd. This merger will help the company to become a combined public company. This will help the company to enhance its business expansion and be aligned with fast growing segments of the U.S. Department of Defense ("DoD") which will support its revenue growth.
  • In June 2022, Safran announced a joint investment of about USD 6.32 thousand with Sintermat. This investment will help the company to enhance the business through the technology to support airplane and helicopters, which will enhance the product portfolio and attracts new customers to strengthen the market share for the company

Our market intelligence platform provides a range of benefits that will help you gain valuable insights and stay ahead in the market. By utilizing our platform, you can:

  • Identify emerging market trends and dynamics
  • Access high-quality and accurate market intelligence
  • Benchmark your performance against competitors and industry standards
  • Explore competitive strategies and analyze market share
  • Discover regional market opportunities that may have been overlooked
  • Choose from multiple deliverable formats, including PDF, PPT, Excel, and an online dashboard

With our comprehensive market intelligence platform, you can easily access the information you need to make informed decisions and stay ahead of the competition.

At Data Bridge Market Research, we employ a comprehensive and iterative research methodology aimed at minimizing deviations to provide the most accurate estimates and forecasts possible. Our approach involves utilizing both bottom-up and top-down methods to segment and estimate the quantitative aspects of the market. Furthermore, a recurring theme across all our research reports is data triangulation, which examines the market from three distinct perspectives.

To derive our market estimates and forecasts, we employ simulation models that are tailored for each study. We gather information on market dynamics, technology landscape, application development, and pricing trends, which are then fed into the model and analyzed simultaneously. We compare these factors and quantify their impact on the forecast period using correlation, regression, and time series analysis. Our market forecasting is performed using a combination of economic tools, technological analysis, and our team's industry experience and domain expertise.

Key Industry Drivers:

  • RISE IN AIRCRAFT DELIVERIES ACROSS THE WORLD

The rising demand for international deliveries across the globe has been creating the demand for deliveries through aircraft. The requirement of frequent monitoring of the flights has been necessary to schedule the perfect delivery system. This has created a demand for data recorders in the aircraft industry. Thus, the rise in aircraft deliveries worldwide is expected to be one of the major driving factors for the flight data recorder market.

  • UPSURGE IN AIR TRAFFIC

The demand for the global aviation industry to support various business operations. Moreover, this will increase the number of airplanes, creating huge traffic for the industry. This will create the need for proper monitoring and scheduling systems for aircraft to avoid accidents. Thus, an upsurge in air traffic is expected to be the major driving factor for the flight data recorder industry.

Flight Data Recorder Market Regional Analysis/Insights:

The regions covered in the flight data recorder market report are Europe, North America, South America, Asia-Pacific, and Middle East and Africa. Countries covered in the global region are U.S., Canada, Mexico, France, Germany, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe, China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Taiwan, Thailand, New Zealand, Philippines, Vietnam, and rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Qatar, Israel, South Africa, Kuwait, Bahrain, Oman and rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Europe is expected to grow in the global flight data recorder market. As a result, the market is expanding due to the rising demand for flight safety and monitoring facilities with respective increases in tourism and commercial delivery services across the region.

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Key Market Segments Covered in Flight Data Recorder Industry Research

By Type

  • Flight Data Recorder (FDR)
  • Cockpit Voice Recorder (CVR)
  • Quick Access Recorder (QAR)

By Component

  • Memory Unit
  • Electronic Controller Board
  • Input Devices
  • Signal Beacon

Aircraft Type

  • Narrow Body
  • Wide Body
  • Rotorcrafts
  • Business Jets
  • Turboprop

Function

  • Parametric Flight Data
  • Record Flight Crew Audio
  • Data Link Communication

Recording Time

  • Above 20 Hours
  • 2 – 20 Hours
  • Up to 2 Hours

Installation Type

  • New Installation
  • Retrofit

Platform

  • Manned Aerial

Recording Media

  • Solid State Flight Recorder
  • Magnetic Tape

End User

  • Civil & Commercial Aircraft
  • Military Aircraft
  • Helicopter

A comprehensive analysis will be provided covering the following points in the report:

  • Executive Market Summary
  • Scope of the Flight Data Recorder Report
  • Key Finding and Recommendations
  • Growth and Investment Opportunities
  • Flight Data Recorder Market Value Chain/Supply Chain Analysis
  • Flight Data Recorder Market Attractive Investment Proposition
  • Competitive landscape and SWOT Analysis
  • Flight Data Recorder Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Players

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Flight Data Recorder market over the period. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Global Flight Data Recorder Market: Regulations
  6. Market Overview
  7. Global Flight Data Recorder Market, By Type
  8. Global Flight Data Recorder Market, By Component
  9. Global Flight Data Recorder Market, By Aircraft Type
  10. Global Flight Data Recorder Market, By Function
  11. Global Flight Data Recorder Market, By Recording Time
  12. Global Flight Data Recorder Market, By Installation Type
  13. Global Flight Data Recorder Market, By Recording Media
  14. Global Flight Data Recorder Market, By End User
  15. Global Flight Data Recorder Market, By Platform
  16. Global Flight Data Recorder Market, By Region
  17. Global Flight Data Recorder Market: Company Landscape
  18. SWOT Analyses
  19. Company Profile
  20. Questionnaires
  21. Related Reports

Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-flight-data-recorder-market

Explore More Reports:

  • Europe Flight Data Recorder Market, By Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), and Quick Access Recorder (QAR)), Component (Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, and Others), Aircraft Type (Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, and Others), Function (Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, and Others), Recording Time (Above 20 Hours, 2 – 20 Hours, and Up to 2 Hours), Installation Type (New Installation and Retrofit), Platform (Manned Aerial and Unmanned Aerial), Recording Media (Solid State Flight Recorder and Magnetic Tape), End User (Civil & Commercial Aircraft, Military Aircraft, and Helicopter) https://www.databridgemarketresearch.com/reports/europe-flight-data-recorder-market
  • Asia-Pacific Flight Data Recorder Market, By Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), and Quick Access Recorder (QAR)), Component (Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, and Others), Aircraft Type (Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, and Others), Function (Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, and Others), Recording Time (Above 20 Hours, 2 – 20 Hours, and Up to 2 Hours), Installation Type (New Installation and Retrofit), Platform (Manned Aerial and Unmanned Aerial), Recording Media (Solid State Flight Recorder and Magnetic Tape), End User (Civil & Commercial Aircraft, Military Aircraft, and Helicopter) https://www.databridgemarketresearch.com/reports/asia-pacific-flight-data-recorder-market
  • Middle East and Africa Flight Data Recorder Market, By Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), and Quick Access Recorder (QAR)), Component (Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, and Others), Aircraft Type (Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, and Others), Function (Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, and Others), Recording Time (Above 20 Hours, 2 – 20 Hours, and Up to 2 Hours), Installation Type (New Installation and Retrofit), Platform (Manned Aerial and Unmanned Aerial), Recording Media (Solid State Flight Recorder and Magnetic Tape), End User (Civil & Commercial Aircraft, Military Aircraft, and Helicopter) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-flight-data-recorder-market
  • North America Flight Data Recorder Market, By Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), and Quick Access Recorder (QAR)), Component (Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, and Others), Aircraft Type (Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, and Others), Function (Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, and Others), Recording Time (Above 20 Hours, 2 – 20 Hours, and Up to 2 Hours), Installation Type (New Installation and Retrofit), Platform (Manned Aerial and Unmanned Aerial), Recording Media (Solid State Flight Recorder and Magnetic Tape), End User (Civil & Commercial Aircraft, Military Aircraft, and Helicopter) https://www.databridgemarketresearch.com/reports/north-america-flight-data-recorder-market
  • Flight Data Monitoring Market, By Solution (Onboard Solution and On Ground Solution), End User (Fleet Operators, Drone Operators, FDM Service Providers, Investigation Agencies), Component (FDM Services, FDM Software, FDM Systems), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-flight-data-monitoring-market
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