Overview and Scope
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.
Sizing and Forecast
The aerospace data recorder market size has grown strongly in recent years. It will grow from $1.74 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. 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 $2.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. 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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Segmentation & Regional Insights
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
North America was the largest region in the aerospace data recorder market in 2023. 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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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the aerospace data recorder market are focused on developing innovative products, such as flight data recorders and cockpit voice recorders, to expand their customer base and meet the growing demand for aviation modernization. A flight data recorder and a cockpit voice recorder are aviation devices designed to record and store crucial flight information and cockpit conversations for accident investigation and analysis. For instance, in September 2022, Curtiss-Wright Corporation, a US-based manufacturing company providing aerospace products and services, unveiled a 25-hour flight data recorder and cockpit voice recorder tailored for military fixed-wing and rotor aircraft. Compliant with RTCA/DO-178C and RTCA/DO-254 (DAL D) standards, the Fortress FDR-25 (flight data recorder) and Fortress CVR-25 (cockpit data recorder) not only meet but exceed current FAA and EUROCAE ED-112A standard requirements. These crash-protected recorders leverage advanced technologies originally developed for compact commercial and military platforms, serving as form-fit replacements that often require no airframe modifications. Suitable for both new aircraft and upgrades to older platforms, they address the need for flight data recorders that comply with commercial regulatory standards.
The aerospace data recorder market report table of contents includes:
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