What is Flight Data Recorder Market?
Flight data recorder, also known as a black box, a device that collects and record data from a variety of aircraft sensors used to record specific aircraft performance parameters. It records all flight information with a specific algorithm. This information is accessible to authorities when needed. Flight data recorders are resistant to the most extreme situations. These recorders are subjected to many safety tests before they are mounted on aircraft. The factors such as the Increased Number of Aircraft Modernization Programs and Rising Focus on Accurate and Precise Flight Data Collection are the key driving factors for the global Flight Data Recorder market. Also, Technological Advancements in Flight Data Recorder fueling the market growth. However, High Cost of Flight Data Recorder, Unstable Macro-Economic Factors, and Economic Slow Down Hampered Aircraft Production may hamper the market growth.
The market study is being classified by Type (Cockpit Voice Recorder (CVR), Quick Access Recorder and Data Loggers), by Application (Military Application and Civil Application) and major geographies with country level break-up.
HENSOLDT Sensors GmbH (Germany), Honeywell Aerospace (United States), Garmin Ltd. (United States), Teledyne Technologies (United States), AstroNova, Inc. (United States), FLYHT Aerospace Solutions (Canada), Leonardo DRS (United States), RUAG Holding (Switzerland), Curtiss-Wright Defense Solutions (United States), L-3 Technologies (United States) and Universal Avionics Systems Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Appareo Systems (United States) and SLN Technologies (India).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Flight Data Recorder market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Flight Data Recorder market by Type, Application and Region.
On the basis of geography, the market of Flight Data Recorder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Number of Aircraft Modernization Programs
- Rising Focus on Accurate and Precise Flight Data Collection
- Technological Advancements in Flight Data Recorder
- High Cost of Flight Data Recorder
- Rise in the Air Passenger Traffic
- Stringent Government Rules and Regulations about Passenger Safety
- Unstable Macro-Economic Factors
- Economic Slow Down Hampered Aircraft Production
Key Target AudienceFlight Data Recorder Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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