New York – United States
Data Bridge Market Research analyses that the Flight Data Recorder Market is expected to reach a value of USD 2,484,963.92 thousand by 2030, at a CAGR of 4.2% during the forecast period. The global flight data recorder market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
The flight data recorder market has been evolving the aviation and aircraft industry toward safety. Furthermore, aircraft modernization programs are further anticipated to propel the growth of the flight data recorder market. Moreover, a rise in the demand for situational alertness is further estimated to cushion the growth of the flight data recorder market. On the other hand, the rise in aircraft deliveries worldwide, the upsurge in air traffic, and the adoption of high-tech commercial aviation technologies have been major driving factors. Although, the rising travel demand, increasing supportive government policies, and usage of UAVs have been helping the market to thrive at a greater pace.
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Global Flight Data Recorder Market Drivers
- Rise In Aircraft Deliveries Across The World
The rising demand for international deliveries across the globe has been creating the demand for deliveries through aircraft. The requirement of frequent monitoring of the flights has been necessary to schedule the perfect delivery system. This has created a demand for data recorders in the aircraft industry. Thus, the rise in aircraft deliveries worldwide is expected to be one of the major driving factors for the flight data recorder market.
- Upsurge In Air Traffic
The demand for the global aviation industry to support various business operations. Moreover, this will increase the number of airplanes, creating huge traffic for the industry. This will create the need for proper monitoring and scheduling systems for aircraft to avoid accidents. Thus, an upsurge in air traffic is expected to be the major driving factor for the flight data recorder market.
Noteworthy Players Operating at Regional and Global Levels:
- 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
Recent Developments:
- In November 2022, Leonardo DRS announced the merger closing of RADA Electronic Industries Ltd. This merger will help the company to become a combined public company. This will help the company to enhance its business expansion and be aligned with fast growing segments of the U.S. Department of Defense (“DoD”) which will support its revenue growth.
- In June 2022, Safran announced a joint investment of about USD 6.32 thousand with Sintermat. This investment will help the company to enhance the business through the technology to support airplane and helicopters, which will enhance the product portfolio and attracts new customers to strengthen the market share for the company
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Global Flight Data Recorder Market Segmentation:
By Type
- Flight Data Recorder (FDR)
- Cockpit Voice Recorder (CVR)
- Quick Access Recorder (QAR)
By Component
- Memory Unit
- Electronic Controller Board
- Input Devices
- Power Supply
- Signal Beacon
- Others
Aircraft Type
- Narrow Body
- Wide Body
- Rotorcrafts
- Business Jets
- Turboprop
- Others
Function
- Parametric Flight Data
- Record Flight Crew Audio
- Data Link Communication
- Others
Recording Time
- Above 20 Hours
- 2 – 20 Hours
- Up to 2 Hours
Installation Type
- New Installation
- Retrofit
Platform
- Manned Aerial
- Unmanned Aerial
Recording Media
- Solid State Flight Recorder
- Magnetic Tape
End User
- Civil & Commercial Aircraft
- Military Aircraft
- Helicopter
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