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Flight Data Recorder Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
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(Part of Wantstats Research & Media Pvt. Ltd.)
Flight Data Recorder Market 2018
Flight Data Recorder Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Aerospace data recorders are basically 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 to manage 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, leads to an increase in the number
of aircrafts in these regions. As a result, approximately 22,000 aircrafts are expected to be delivered to these regions in the next 20 years. On the other
hand, it is expected that over 15,000 aircrafts 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.
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Flight Data Recorder Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Flight Data Recorder
Market Research Report - Global Forecast 2023”
The report for Global Flight Data Recorder Market of Market Research Future comprises of extensive primary research along with the detailed analysis of
qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry
performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value,
technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key
players in the industry. The report also gives a broad study of the different market segments and regions.
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Flight Data Recorder Market 2018
Segmentation:
As a result, approximately 22,000 aircrafts are expected to be delivered to these regions in the next 20 years. On the other hand, it is expected that over
15,000 aircrafts 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.
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Flight Data Recorder Market 2018
Application & Major Players in this Research:
Flight Data Recorder Market Prominent Players:
Honeywell International Inc. (U.S),
Teledyne Technologies Incorporated (U.S),
AstroNova Inc. (U.S),
SLN Technologies (India),
FLHYT Aerospace Solutions Ltd. (Canada),
Leonardo DRS (U.S),
RUAG Group (Switzerland),
Curtiss-Wright Defense Solutions (U.S),
L-3 Technologies Inc. (U.S), Universal Avionics Systems Corporation (U.S)..
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Flight Data Recorder Market 2018
Flight Data Recorder Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
The Flight Data Recorder systems market is expected to dominate in the North American region due to the rapidly
rising research and development activities here. Established aviation industry and supporting infrastructure also aids
the growth of the market. Existence of sophisticated technology and major manufacturers in the North American
region has significantly contributed in 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.
Rising government investment towards development of new airports and upgradation of old ones, have been other
major factors driving the growth of this market.
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,
leads to an increase in the number of aircrafts in these regions.
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