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Pressbox (Press Release) -
Aircraft Flight Recorder Market was estimated at US$ xx million in 2020, and the market is expected to record a CAGR of 8% to reach US$ xx million by 2025.
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 2020.
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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.
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.
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Aircraft Flight Recorder Market Segmentation
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.
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 by 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 the 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.