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The FDR (Flight Data Recorder) market, which is an essential to aviation safety and accident investigation, has been witnessing notable trends like the impact of developments in technology, the importance stipulated by regulations, and maximum data capture needed. Since aviation authorities worldwide have grown accustomed to digital recorders or black boxes being extended to the newly manufactured aircraft, demand has been high for these advanced systems.
The increasing preference for the real time monitoring and communication capabilities of the FDR adheres to the trend that gives effect on the FDR market. As the consequences of the growing trend on the preventive safety measures gets much importance, different firms tend to integrate data streaming and communication features in the flight recorders. Thus, they can provide aviation authorities and operators with online information on the key flight parameters. In this way, taking timely action of any issues and guaranteeing safety in flight will be possible.
Besides, the develop of flight data analysis and analytics in effect has to lead to market tendencies. The emerging and the most promising cutting-edge analytics and machine learning techniques are nowadays being applied to the enormous amount of data collected by the FDRs that is waiting to be dug out and converted into valuable findings. Regardless of whether it is in the case of an accident, post-incident investigation or general maintenance, real-time data transmission improves the condition of fleet management and operational functions.
Smaller sized microelectromechanical systems (MEMS) are another crucial way in which the market is headed. The design of flight data recorders is changing following technical improvement with the emphasis on size and weight reduction which, on the contrary, should not affect or even outperform the best performance of these devices. The low power FDRs come equipped with efficiency in terms of the fuel they consume and the payload they can bear, as well as being interoperable with various kinds of aircraft, not just limited to the military and commercial sectors alone.
Also, with the growth of cyber threats wherein security is an indispensable criterion of FDR. Through the increasing communication of aviation, there is an intensified awareness of cyber security and protection of aviation data from unauthorized access and online security breaches. Providing an uncompromised assurance of flight data accuracy and integrity is one of the key issues that are needed to warrant the aviation industry reputation and safety. Consequently, the stakeholders in operation of such data recorders are equipping their systems with robust cyber-security features to ensure the data is safeguarded. Therefore, individuals are entrusted with the task of overseeing and implementing such security measures to ensure the proper usage of such high-tech devices.
At present besides the regulative actions, the FDR market also takes into account a new trend. The airworthiness authorities of the world are obligated to make appropriate updates of the regulations about the recording of flight data and the cockpit voice recordings to deal with the emerging safety concerns. Compliance with the regulation can be a leading reason for dealing with the new tech savvy and guideline compliant FDR (Forex derived resource) solutions.
Flight Data Recorder Market Highlights:
Flight Data Recorder (FDR) Market Scenario
Flight Data Recorder (FDR) Market Size is expected to reach USD 1.3804 Billion by 2032, registering a CAGR of 4.51% during 2024-2032.
Aerospace data recorders are electronic devices that are used to record or collect any electronic signals sent to the aircraft as well as to record the conversation between the pilots and the on-board crews and air traffic controller. Flight data recorder market is witnessing significant growth, mainly due to the rapidly rising air passenger traffic and the subsequent demand for more aircraft feel about managing the increasing air traffic.
As of 2016, there were more than 22,000 active aircraft across the globe. The existing fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years, and the global fleet is likely to reach 45,000 aircraft by 2036. Moreover, the high demand for air travel in the emerging regions, such as Asia, Latin America, and the Middle East, lead to an increase in the number of aircraft in these regions. As a result, approximately 22,000 aircraft are expected to be delivered to these regions in the next 20 years.
On the other hand, it is expected that over 15,000 aircraft would be delivered in developed regions such as North America and Europe, by 2036. Modernization of aircraft fleets with the latest technology and stringent government regulations are some of the other primary factors driving the demand in the flight data recorder market. The rising demand for accurate and precise flight data among the airline operators and defense forces, also adds to the market growth.
Segmentation of the Global Flight Data Recorder Market
The FDR market is segmented on type, technology, and region. Based on type, the market has been segmented into a cockpit voice recorder (CVR), quick access recorder, and data loggers. The CVR segment is expected to witness the highest CAGR during the forecast period. The high use of CVR to record the audio environment in the flight deck for accidents and incident investigation purposes is one of the key factors expected to propel the growth of this segment. Based on technology, the market has been segmented into flashcards, cloud computing, and solid-state cockpit voice recorder. The flashcards segment is expected to grow at the highest CAGR during the forecast period.
Based on the region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latine America. The market for flight data recorder systems is expected to dominate in the North American region due to the rapidly rising research and development activities here. Established the aviation industry and supporting infrastructure also aids the growth of the market. Existence of sophisticated technology and significant manufacturers in the North American region has significantly contributed to the growth of the flight data recorder market in the North American region.
Rapidly rising air passenger traffic in the Asia-Pacific region has been key to the high growth rate in this region. Increasing government investment towards the development of new airports and upgradation of old ones have been other major factors driving the growth of this market.
Key Players
The key players in the global FDR Industry are AstroNova Inc. (US), Curtiss-Wright Defense Solutions (US), FLHYT Aerospace Solutions Ltd (Canada), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Leonardo DRS (US), RUAG Group (Switzerland), SLN Technologies (India), Teledyne Technologies Incorporated (US), and Universal Avionics Systems Corporation (US).
Research Methodology
The FDR market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights
- FDR Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
Report Customization MRFR offers report customization to valued customers. Below are the options available for customization: Company Profiles In-depth profiling of additional market players (3 to 4 companies) Country-Level Analysis Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
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