In terms of revenue, the global aerospace data recorders market was valued at US$ 1,460.9 market million in 2016 and is projected to reach US$ 2,379.5 million by 2025; it is expected to grow at a CAGR of 5.8% during the forecast period from 2017 to 2025.

The aerospace data recorders market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. North America is the major investor in the aerospace data recorder market, due to presence of large number of manufacturers in the region. Moreover, the United States Department of Defense is the major contributor in the defense industry across the globe. Europe trails North America in terms of expenditure in the aerospace data recorders market. The aircraft manufacturer giant, Airbus is one of the major revenue generator in the region in the aerospace data recorder market. Asia Pacific region is poised to generate healthy revenue in the coming years due to emerging aerospace technological companies in the region. Countries such as China, India, Japan and South Korea are investing heavily in order to manufacture advanced aircraft components

Market Insights–Aerospace Data Recorders Market

Increased Aircraft Modernization Programs

The global aerospace industry is witnessing a rapid increase in air traffic, which is demanding for advanced aircrafts, in both commercial as well as military sectors. Due to this, the commercial airlines as well as the defense forces are transforming the conventional systems to robust technologies on their fixed wing aircrafts, rotary wing aircrafts and unmanned aerial vehicles. The modernization of aircrafts includes new engines, modern digital communication systems, technologically enhanced landing gears and brakes, advanced armaments and navigation flight systems, inflight entertainment systems, and data recorders among others. The modernization of aircrafts is beneficial for the data recorder manufacturers as the new data recorders are smaller, more reliable, faster, high capacity to store data, more accurate, as well as lightweight. These benefits of new data recorders increase the interest among the defense forces and commercial airliners to modernize the data acquisition systems in order to ease the investigation process. Thus, the modernization of aircrafts, helicopters, and unmanned aerial vehicles catalyzes the growth of aerospace data recorders.

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Aerospace Data Recorders Market: Strategic Insights

Aerospace Data Recorders Market

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  CAGR (2016 - 2025)

  5.8%
• Market Size 2016
  US$ 1.46 Billion
• Market Size 2025
  US$ 2.38 Billion

Market Dynamics

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Key Players

• Honeywell International Inc.
• L3 Technologies, Inc
• Teledyne Technologies, Inc.
• RUAG Holdings AG
• AstroNova Inc.
• Universal Avionics Systems Corporation
• Curtiss-Wright Defense Solutions
• FLYHT Aerospace Solutions Ltd.
• Leonardo DRS

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Types

• Cockpit Voice Recorders
• Flight Data Recorders
• Data Loggers
• Quick Access Recorders

Application

• Commercial Aircrafts
• Military Aircrafts

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Type Segment Insights

Based on type, the flight data recorders segment dominated the global aerospace data recorders market in 2016. Owing to the development of flight data recorders in terms of recording time, recording parameters, and real time data transmission to ground, the flight data recorders market is expected to surge over the period.

Application Segment Insights

Based on application, the commercial aircrafts segment held the largest share in global aerospace data recorders market in 2016. the commercial aviation is growing at a rapid pace across the globe, leading to significant rise in aircraft orders and manufacturing. The leading commercial airlines are increasing the fleets across the globe in order to meet the demand of increasing demand. Another major factor driving the aerospace data recorders market through commercial aviation is the rising demand for real time data transmission from air to ground.

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

• In 2017, Airbus, with collaboration of L3 technologies, is launching new fixed and deployable flight data and voice recorder. This recorder will have the extended duration of 25 hours.
• In 2017, RUAG Holdings AG marked the completion of 15,000 flight data recorder maintenance. The company guarantees the maximum maintenance time period of 3 days for a single component of flight data recorder.
• In 2016, Honeywell International Inc. will upgrade GoAir’s flight data recorders with its advanced data recorders which will facilitate the airlines with robust situational awareness and more information about the flight.

Aerospace Data Recorders Market Report Scope

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The global aerospace data recorders market has been segmented as follows:

Aerospace Data Recorders Market – By Types

• Cockpit Voice Recorders
• Flight Data Recorders
• Data Loggers
• Quick Access Recorders

Aerospace Data Recorders Market – By Application

• Commercial
• Military

Aerospace Data Recorders Market- By Region

• North America

  • US
  • Canada
  • Mexico

• Europe

  • Germany
  • UK
  • Russia
  • Italy
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • Japan
  • Rest of APAC

• Middle East and Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Rest of SAM

Aerospace Data Recorders Market – Companies Profiles

• Honeywell International Inc.
• Teledyne Technologies
• RUAG AG
• Universal Avionics Systems Corporation
• L3Harris Technologies
• Curtiss-Wright Defense Solutions
• AstroNova Inc.
• FLYHT Aerospace Solutions Ltd.
• Leonardo DRS
• MadgeTech Inc.