The Europe flight data recorder market is fragmented, consisting of many Europe players. These companies produce competitive prices, various solutions, and innovative products with services across the globe. Due to the presence of the players at regional and international levels, suppliers, and manufacturers offer products and services with different solutions and features for all budgets.
However, complexity in integration of flight data recorder (FDR) data are expected to restrain the market growth. Furthermore, overall data safety concerns related to flight recorders is expected to challenge the market growth. However, rising air travel demand in emerging markets is expected to provide lucrative opportunities for market growth.
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Data Bridge Market Research analyses that the Europe Flight Data Recorder Market is expected to reach USD 1,023,685.40 thousand by 2030 from USD 721,795.20 thousand in 2022, growing with a substantial CAGR of 4.5% in the forecast period of 2023 to 2030.
Key Findings of the Study
Adoption of high-tech commercial aviation technologies is a major driver for the market growth
Several transportation company owners and fleet managers are discovering that telematics and other fleet technology can help them improve fleet performance and productivity and meet or exceed customer expectations. These solutions can assist in crucial areas, including providing more precise delivery estimates getting trucks on the road more quickly, and thereby increasing billing accuracy. However, rising price of data recorder is acting as a restraint for the market to grow. Also, the solid state flight recorder segment is expected to dominate the market as it has extended recording capacity, enhancing the crash or fire survivability to record reliably.
Thus, the above advantages for the businesses had them improve customer service as there is a rise in demand for adoption of high-tech commercial aviation technologies, which is expected to drive the growth of the Europe flight data recorder market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 ( Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand,
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Segments Covered
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Type (Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), and Quick Access Recorder (QAR)), Component (Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, and Others), Aircraft Type (Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, and Others), Function (Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, and Others), Recording Time (Above 20 Hours, 2 – 20 Hours, and Up to 2 Hours), Installation Type (New Installation and Retrofit), Platform (Manned Aerial and Unmanned Aerial), Recording Media (Solid State Flight Recorder and Magnetic Tape), End User (Civil & Commercial Aircraft, Military Aircraft, and Helicopter)
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Countries Covered
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France, Germany, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and rest of Europe
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Market Players Covered
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Elbit Systems Ltd (U.S.), Raytheon Technologies Corporation (U.S.), Safran (U.S.), Honeywell International Inc (U.S.), GENERAL ELECTRIC (U.S.), Leonardo DRS (U.S.), L3Harris Technologies, Inc. (U.S.), Curtiss-Wright Corporation (Germany), Teledyne Controls LLC (U.S.)., AstroNova, Inc (U.S.), SECO S.p.a. (France), FLIGHT DATA SYSTEMS (U.S.), AERTEC (France), SLN Technologies (India), AMETEK. Inc. (U.S.), Flight Data Vision (U.S.), HR Smith Group of Companies (Germany), FLYHT Aerospace Solutions Ltd. (India), Aversan Inc (U.S.), Latitude Technologies Corporation (U.S.), LX navigation d.o.o., niron-sys (France), and uavnavigation (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Europe flight data recorder market is segmented into nine notable segments based on type, components, aircraft type, function, recording time, installation type, platforms, recording media, and end user.
- On the basis of type, the market is segmented into Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR) and Quick Access Recorder (QAR)
In 2023, the flight data recorder (FDR) segment is expected to dominate the Europe flight data recorder market
In 2023, the flight data recorder (FDR) segment is expected to dominate the Europe flight data recorder market with 70.58% market share owing to the greater demand for solutions from small and large businesses.
- On the basis of component, the market is segmented into memory unit, electronic controller board, input devices, power supply, signal beacon, and others. In 2023, the memory unit is expected to dominate the Europe flight data recorder market with a 31.04% market share.
- On the basis of aircraft type, the market is segmented into narrow body, wide body, rotorcrafts business jets, turboprop, and others
In 2023, the narrow body segment is expected to dominate the Europe flight data recorder market
In 2023, the narrow body segment is expected to dominate the Europe flight data recorder market with 51.52% market share owing to the greater specification and higher demand in the market.
- On the basis of function, the market is segmented into parametric flight data, record flight crew, audio, data link communication, and others. In 2023, the parametric flight data segment is expected to dominate the Europe flight data recorder market with 66.30% market share.
- On the basis of recording time, the market is segmented into above 20 hours, 2 – 20 hours, and up to 2 hours. In 2023, the above 20 hours segment is expected to dominate the Europe flight data recorder market with 48.82% market share.
- On the basis of installation type, the market is segmented into new installation and retrofit. In 2023, new installation segment is expected to dominate the Europe flight data recorder market with 75.15% market share.
- On the basis of platform, the market is segmented into manned aerial and unmanned aerial. In 2023, the manned aerial segment is expected to dominate the Europe flight data recorder market with 91.98% market share.
- On the basis of recording media, the market is segmented into solid state flight recorder and magnetic tape. In 2023, the solid state flight recorder segment is expected to dominate the Europe flight data recorder market with a 92.27% market share.
- On the basis of end user, the market is segmented into civil & commercial aircraft, military aircraft, and helicopter. In 2023, the civil & commercial aircraft segment is expected to dominate the Europe flight data recorder market with a 59.06% market share.
Major Players
Data Bridge Market Research analyzes Elbit Systems Ltd (U.S.), Raytheon Technologies Corporation (U.S.), Safran (U.S.), Honeywell International Inc. (U.S.), and GENERAL ELECTRIC, (U.S.) as the major key players in the Europe flight data recorder market.
Market Developments
- In March 2023, Elbit Systems Ltd. signed MoU with Nippon Aircraft Supply and Itochu Aviation at DSEI Japan. This MoU will promote cooperation for a range of solutions between companies. Moreover, this agreement helped provide local integration and manufacturing in Japan and expand the company's Europe footprint.
- In March 2023, Raytheon Technologies Corporation announced the business expansion through microelectronics production facility with the support of City of Cedar Rapids and the Iowa Economic Development Authority (IEDA). This business expansion of USD 20 million will enhance the production capacity of the company which helped to offer a better supply of products across the globe.
- In March 2023, Safran announced signing an agreement with Singapore Defence Technology Summit* 2023; DSTA and Safran Electronics & Defense will collaborate on efforts to ensure improved performance, availability, and sustainability of their platforms operated by the Singapore Armed Forces (SAF). This agreement will help the company to strengthen the set-up of local technical support and talent development initiatives which enhanced the availability and sustainability of their systems operated by the Singapore Armed Forces.
- In March 2023, Honeywell International Inc. announced that the company attended Jefferies eVTOL Summit on March 28, 2023. This participation helped the company to showcase its aerospace products and services. The exhibiting the products helped the company to attract new customers and accelerate the revenue growth for the company.
- In February 2023, GENERAL ELECTRIC announced that they had gained aircraft orders from Air India company and selected the company's products, such as flight data recorders and others which will install on Air India's flights. This development increased other clients' trust in the company's products.
Regional Analysis
The countries covered in this report are France, Germany, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe.
As per Data Bridge Market Research analysis:
France is the dominant and fastest growing country in the Europe flight data recorder market
France is expected to dominate in the Europe region as the country experienced a rise in aviation sector along with the high currents is being driven by significant industrial automation developments in Europe's manufacturing sector. Also it is the fastest-growing country in Europe flight data recorder market due to the presence of several large flight data recorder companies and a high level of adoption of flight data recorder solutions across various industries.
For more detailed information about the Europe flight data recorder market report, click here – https://www.databridgemarketresearch.com/jp/reports/europe-flight-data-recorder-market
