The Business Research Company’s report on the Aerospace Data Recorder Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the aerospace data recorder market further?
The growing air traffic is expected to propel the aerospace data recorder market going forward. Air traffic refers to the overall number of passengers utilizing the airport, including those boarding and using the air medium for the transport of goods and services. The increased air traffic will necessitate the use of advanced technologies in aircraft design for improving safety, including recording flight data and cockpit voice for better flight performance. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world’s airlines, international air traffic increased by 229.5% in 2022 compared to 2021, while total air traffic increased by 76.2% in 2022. Therefore, the growing air traffic is driving the demand for the aerospace data recorder market.
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What are the key factors influencing the forecasted market size of the aerospace data recorder industry?
The aerospace data recorder market size has grown strongly in recent years. It will grow from $1.81 billion in 2024 to $1.91 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to lessons from accident investigations, standardization of data recording formats, introduction of flight data recorders (FDRs), cockpit voice recorder (CVR) mandates, evolution of solid-state recorders.
The aerospace data recorder market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to expansion in commercial aerospace, regulatory compliance upgrades, development of next-generation recorders, focus on cybersecurity measures, growing adoption of cloud solutions. Major trends in the forecast period include enhanced data storage capacity, advancements in data encryption, integration of flight data analysis, miniaturization and weight reduction, compliance with regulatory standards.
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Who are the leading competitors in the aerospace data recorder market?
Major companies operating in the aerospace data recorder market include L3 Technologies Inc., Teledyne Technologies LLC, RUAG International Holding AG, Curtiss-Wright Corporation, AstroNova Inc., Universal Avionics Systems Corporation, FLYHT Aerospace Solutions Ltd., Leonardo DRS, Honeywell International Inc., Flight Data Systems Pty. Ltd., HR Smith Group, Danelec Marine A/S, ACR Electronics Inc., Phoenix International Holdings, MadgeTech Inc., Airbus SAS, Safran S A, SLN Technologies Pvt. Ltd., DAC International Inc., Raytheon Company, Consilium AB, Captec Ltd., Telemar Norge AS, Advent of Advanced Technologies, Modern Features, Northrop Grumman, RTX Corporation
Which emerging trends are set to transform the aerospace data recorder market landscape?
Product innovations are a key trend gaining popularity in the aerospace data recorder market. Major companies operating in the aerospace data recorder market are focused on developing new technological solutions to strengthen their position. For instance, in July 2022, L3 Harris Technologies, Inc., a US-based provider of information technology services and national security solutions, launched xLDR, a new extra-lightweight data recorder to address the growing light eVTOL and unmanned aircraft systems market. It is uniquely designed with an integrated web server that enables identifying the root causes of incidents and providing strategic analysis to reduce risk and improve safety. It is a 50% lighter version of the current LDR family for the growing light eVTOL and unmanned aircraft systems market. The recorder is expected to increase the collection rate, pilot-control capabilities, and auto-recording.
How do different geographies compare in terms of market share and growth potential in the aerospace data recorder market?
North America was the largest region in the aerospace data recorder market in 2024. The regions covered in the aerospace data recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the aerospace data recorder market are experiencing the fastest growth?
The aerospace data recorder market covered in this report is segmented –
1) By Product: Cockpit Voice Recorder, Flight Data Recorder, Quick Access Recorder, Data Logger
2) By Aircraft Type: Wide Body, Narrow Body, Turboprop, General Aviation And Business Jets, Rotorcrafts
3) By Application: Commercial, Defense
Subsegments:
1) By Cockpit Voice Recorder: Digital Cockpit Voice Recorders, Analog Cockpit Voice Recorders, Integrated Voice Recorders
2) By Flight Data Recorder: Solid-State Flight Data Recorders, Analog Flight Data Recorders, Next-Generation Flight Data Recorders
3) By Quick Access Recorder: Data Retrieval Systems, Interface Systems For Flight Data, Ruggedized Quick Access Recorders
4) By Data Logger: Aircraft Performance Data Loggers, Environmental Data Loggers, Maintenance Data Loggers
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What defines the structure and scope of the aerospace data recorder market?
The aerospace data recorder refers to an electronic device that records various performance parameters and verbal communication between crew members within the aerospace cockpit as well as voice transmissions by radio. They are used for recording and collecting data from sensors.
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