Aerospace Data Recorders Market Size, Trends & Industry Growth 2025

Aerospace Data Recorders Market to 2025 - Global Analysis and Forecasts by Types (Cockpit Voice Recorders, Flight Data Recorders, Data Loggers, Quick Access Recorders) & Application (Commercial Aircrafts, Military Aircrafts)

Publication Month : Oct 2017

  • Report Code : TIPTE100000694
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 170
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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

Lucrative Regional Aerospace Data Recorders Market

Lucrative Regional Aerospace Data Recorders Market
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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.

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.

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Aerospace Data Recorders Market: Strategic Insights

Market Size Value inUS$ 1,460.9 market Million in 2016
Market Size Value byUS$ 2,379.5 Million by 2025
Growth rateCAGR of 5.8% from 2017-2025
Forecast Period2017-2025
Base Year2017
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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.

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
  • Universal Avionics Systems Corporation
  • L3Harris Technologies
  • Curtiss-Wright Defense Solutions
  • AstroNova Inc.
  • FLYHT Aerospace Solutions Ltd.
  • Leonardo DRS
  • MadgeTech Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Types & Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies
  1. Honeywell International Inc.
  2. L3 Technologies, Inc
  3. Teledyne Technologies, Inc.
  4. RUAG Holdings AG
  5. AstroNova Inc.
  6. Universal Avionics Systems Corporation
  7. Curtiss-Wright Defense Solutions
  8. FLYHT Aerospace Solutions Ltd.
  9. Leonardo DRS
  10. MadgeTech Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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