The Global Flight Data Recorder Market needs to be more cohesive, consisting of many global 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. The rise in aircraft deliveries worldwide is majorly driving the global flight data recorder market. Moreover, adopting high-tech commercial aviation technologies further drives the market. However, the complexity of integrating flight data recorder (FDR) data is expected to restrain the market growth.
Access Full Report @ https://www.databridgemarketresearch.com/zh/reports/global-flight-data-recorder-market
Furthermore, overall data safety concerns related to flight recorders are expected to challenge the market growth. However, rising air travel demand in emerging markets is expected to provide lucrative opportunities for market growth. Data Bridge Market Research analyses that the global flight data recorder market is expected to reach USD 2,484,963.92 thousand by 2030 from USD 1,859,631.36 thousand in 2023, growing with a substantial CAGR of 4.2% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rise in demand for improvement of customer services
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, keeping customers in the loop, getting trucks on the road more quickly, and increasing billing accuracy.
Thus, the above advantages for the businesses had them improve customer service as there is a rise in demand for improvement of customer services, which is expected to drive the growth of the global flight data recorder market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 -2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
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)
|
|
Countries Covered
|
North America (U.S., Canada, Mexico), Europe (France, Germany, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe), Asia-Pacfic (China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Taiwan, Thailand, New Zealand, Philippines, Vietnam, and rest of Asia-Pacific), Middle East and Africa (U.A.E., Saudi Arabia, Egypt, Qatar, Israel, South Africa, Kuwait, Bahrain, Oman and rest of Middle East and Africa), South America (Brazil, Argentina, and rest of South America)
|
|
Market Players Covered
|
Elbit Systems Ltd. (Isreal), Raytheon Technologies Corporation (U.S.), Safran (France), Honeywell International Inc. (U.S.), GENERAL ELECTRIC (U.S.), Leonardo DRS (U.S.), L3Harris Technologies, Inc. (U.S.), Curtiss-Wright Corporation (U.S.), Teledyne Controls LLC (U.S.), AstroNova, Inc. (U.S.), SECO S.p.a. (Italy), FLIGHT DATA SYSTEMS (U.S.), AERTEC (Spain), SLN Technologies (India), AMETEK. Inc. (U.S.), Flight Data Vision (Portugal), HR Smith Group of Companies (U.K.), FLYHT Aerospace Solutions Ltd. (Canada), Aversan Inc. (Canada), Latitude Technologies Corporation (Canada), LX navigation d.o.o. (Slovenia), niron-sys (Isreal) and uavnavigation.com.(Spain)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, technological analysis, aviation value chain, pricing analysis, porter’s five forces analysis and regulatory framework.
|
Segment Analysis:
The global flight data recorder market is segmented into nine notable segments based on type, components, aircraft type, function, recording time, installation type, platforms, 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).
The flight data recorder (FDR) segment holds the major market share in global flight data recorder market
In 2023, the flight data recorder (FDR) segment is expected to dominate the global flight data recorder market with 70.63% market share and is expected to reach USD 1,775,482.30 thousand by 2030, growing with a CAGR of 4.4% in the forecast period of 2023 to 2030. Furthermore, cockpit voice recorder (CVR) is expected to increase the segment in the future.
- 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 global flight data recorder market with a 31.09% market share and reach USD 810,116.72 thousand by 2030, growing with a CAGR of 4.8% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with 51.97% market share and is expected to reach USD 1,325,883.24 thousand by 2030, growing with a CAGR of 4.6% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with 66.80%market share and is expected to reach USD 1,687,655.39 thousand by 2030, growing with a CAGR of 4.4% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with 51.84% market share and is expected to reach USD 1,309,720.01 thousand by 2030, growing with a CAGR of 4.4% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with 75.44% market share and is expected to reach USD 1,901,515.60 thousand by 2030, growing with a CAGR of 4.4% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with 92.26% market share and is expected to reach USD 2,273,511.57 thousand by 2030, growing with a CAGR of 4.1% in the forecast period of 2023 to 2030
- 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 global flight data recorder market with a 92.48% market share and reach USD 2,313,951.95 thousand by 2030, growing with a CAGR of 4.3% in the forecast period of 2023 to 2030.
- On the basis of end user, the market is segmented into civil & commercial aircraft, military aircraft, helicopter, RFID, and others. In 2023, the civil & commercial aircraft segment is expected to dominate the global flight data recorder market with a 59.49% market share and reach USD 1,519,273.55 thousand by 2030, growing with a CAGR of 4.6% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global flight data recorder market are Elbit Systems Ltd., Raytheon Technologies Corporation, Safran, Honeywell International Inc., GENERAL ELECTRIC, Leonardo DRS, L3Harris Technologies, Inc., Curtiss-Wright Corporation, Teledyne Controls LLC, AstroNova, Inc., SECO S.p.a., FLIGHT DATA SYSTEMS, AERTEC, SLN Technologies, AMETEK. Inc., Flight Data Vision, HR Smith Group of Companies, FLYHT Aerospace Solutions Ltd., Aversan Inc., Latitude Technologies Corporation, LX navigation d.o.o., niron-sys, and uavnavigation.com. among others.
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 will help provide local integration and manufacturing in Japan and expand the company's global footprint
- In March 2023, Raytheon Technologies Corporation announced the business expansion through a microelectronics production facility with the support of the 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 will help 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 enhances 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 has helped the company to showcase its aerospace products and services. Exhibiting the products will help the company to attract new customers and accelerate the revenue growth of 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 has increased other clients' trust in the company's products
Regional Analysis
Geographically, the countries covered in the global flight data recorder market report are North America (U.S., Canada, and Mexico), Europe (France, Germany, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Taiwan, Thailand, New Zealand, Philippines, Vietnam, and the rest of Asia Pacific), Middle East and Africa (into U.A.E., Saudi Arabia, Egypt, Qatar, Israel, South Africa, Kuwait, Bahrain, Oman, and the rest of Middle East and Africa), South America (Brazil, Argentina and the rest of South America).
As per Data Bridge Market Research analysis:
Europe is the dominant region in the flight data recorder market globally during the forecast period 2023 - 2030
In 2023, Europe is expected to dominate the global flight data recorder market due to several large flight data recorder companies and a high adoption of flight data recorder solutions across various industries.
Europe is estimated to be the fastest-growing region in the global flight data recorder market in the forecast period 2023 - 2030
Europe region is expected to dominate the global flight data recorder market with a 40.37% market share and is expected to reach USD 1,023,685.40 thousand by 2030, growing with a CAGR of 4.5% in the forecast period of 2023 to 2030.
For more detailed information about the global flight data recorder market report, click here – https://www.databridgemarketresearch.com/zh/reports/global-flight-data-recorder-market
