Global Aerospace and Marine Data Recorder Market 2015-2019
About aerospace and marine data recorders
Global aerospace and marine data recorders are used in commercial and defense applications. Aerospace and marine data recorders are segmented into flight, cockpit, and voyage data recorders. While cockpit voice recorders record radio transmissions, pilot's voices, and engine noises; flight data recorders record performance parameters of planes, such as time, altitude, fuel levels, and airspeed. Similarly, voyage data recorders record wind speed and direction, ship's location, and the direction in which the ship is heading. These recordings are retrieved and analyzed during investigations of accidents.
Technavio's analysts forecast the global aerospace and marine data recorder market to grow at a CAGR of 4.50% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global commercial aerospace and marine data recorder market for the period 2015-2019. The report provides a global overview, market segmentation by application, and growth prospects by region (the Americas, APAC, and EMEA). The report also includes the market landscape and a corresponding detailed analysis of prominent vendors. In addition, the report discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, and identifies the key trends in the market.
Technavio's report, Global Aerospace and Marine Data Recorder Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; and their growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.Key regions
Technavio Announces the Publication of its Research Report – Global Aerospace and Marine Data Recorder Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Aerospace and Marine Data Recorder Market: Danelec Marine, Honeywell International, HR Smith Group, L-3 Communications Aviation Recorders and Teledyne Technologies
The other prominent vendors are: Acr Electronics, Flyht Aerospace Solutions, Phoenix International Holdings and Universal Avionics Systems
Commenting on the report, an analyst from Technavio’s team said: “A single-unit data recording device includes flight and voice data recorders in a single box configuration along with a data transfer system linked to air traffic control. The single unit device halves the spares and inventory cost and leads to reduced critical system weight. The installation of the device also shortens cable distances between the cockpit and recording device, preventing damage to the wires during an in-flight fire.”
According to the report, the rise in demand for air travel has resulted in an increase in aircraft fleets. Globally, more than 38,000 aircraft orders will likely be delivered in the next 20 years. Asia has more than 3,500 widebody and 10,000 single-aisle aircraft lined to be delivered by 2034. This growth in aircraft orders and backlogs will drive the market growth.
Further, the report states that the maturity of the technologies used in black boxes is one of the major hindrances to the growth of the market.
Danelec Marine, Honeywell International, HR Smith Group, L-3 Communications Aviation Recorders, Teledyne Technologies, Acr Electronics, Flyht Aerospace Solutions, Phoenix International Holdings, Universal Avionics Systems
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