Overview and Scope
A flight data recorder (FDR) refers to a device installed in an aircraft to record specific performance parameters during flight. It collects and stores data from various aircraft sensors on a medium designed to survive accidents. It is utilized to provide investigators with important information following an accident or incident, assisting in the determination of the causes and contributing factors.
Sizing and Forecast
The flight data recorder market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to regulatory mandates, increased awareness of the importance of flight safety, the transition from analog to digital recording systems, global air traffic growth, and industry standardization
The flight data recorder market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the growth of emerging aviation markets, focus on data analytics, cybersecurity concerns, increasing demand for real-time monitoring, and demand from defense and military applications. Major trends in the forecast period include integration with next-generation aircraft, remote data access and analysis, integration with aircraft systems, miniaturization, and weight reduction.
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Segmentation & Regional Insights
The flight data recorder market covered in this report is segmented –
1) By Type: Flight Data Recorder (FDR), Cockpit Voice Recorder (CVR), Quick Access Recorder (QAR)
2) By Aircraft Type: Narrow Body, Wide Body, Rotorcrafts, Business Jets, Turboprop, Other Aircraft Types
3) By Component: Memory Unit, Electronic Controller Board, Input Devices, Power Supply, Signal Beacon, Other Components
4) By Function: Parametric Flight Data, Record Flight Crew Audio, Data Link Communication, Other Functions
5) By End User: Civil And Commercial Aircraft, Military Aircraft, Helicopter
North America was the largest region in the flight data recorder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight 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 upsurge in air traffic is expected to drive the growth of the flight data recorder market going forward. Air traffic refers to aircraft movement within a specific area or along a particular route. There is increasing air traffic due to the construction of new airports, the expansion of existing facilities, and the improvement of air traffic management systems that have facilitated the growth of air travel capacity. Flight data recorders are critical in air traffic for capturing and analyzing essential flight parameters to enhance safety and investigate incidents. For instance, in January 2024, according to the International Air Transport Association (IATA), a Switzerland-based airline and aviation association, Middle Eastern airlines witnessed a 33.3% surge in traffic in 2023 compared to 2022, accompanied by a 26.0% rise in capacity and a load factor of 80.1%. During the same period, North American carriers noted a 28.3% year-on-year traffic boost, with a capacity increase of 22.4% and a load factor reaching 84.6%. Therefore, the upsurge in air traffic is driving the growth of the flight data recorder market.
Key Industry Players
Major companies operating in the flight data recorder market report are Raytheon Technologies Corporation; Lockheed Martin Corporation; Northrop Grumman Corporation; Safran SA; Thales Group; L3Harris Technologies Inc.; Leonardo S.p.A.; Spirit AeroSystems Holdings Inc.; Garmin Ltd.; Saab AB; Honeywell International Inc.; Bell Textron Inc.; General Dynamics Corporation; Curtiss-Wright Corporation; CAE Inc.; Meggitt PLC; FLIR Systems Inc.; RUAG Group; Cobham plc; ASELSAN A.Ş.; Universal Avionics Systems Corporation; ACR Electronics Inc.; FLYHT Aerospace Solutions Ltd.; SLN Technologies Pvt. Ltd.; AstroNova Inc.
The flight data recorder market report table of contents includes:
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