Global Flight Data Recorder (FDR) Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Memory Unit, Electronic Controller Board, Input Devices, Power Supply , Signal Beacon, and Others.

By Function;

Parametric Flight Data, Record flight Crew Audio, Data Link Communication, and Others.

By End-use;

Civil & Commercial Aviation, Military Aircraft, and Helicopters.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn509583175 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Flight Data Recorder (FDR) Market (USD Million), 2020 - 2030

In the year 2023, the Global Flight Data Recorder (FDR) Market was valued at USD 1,757.58 million. The size of this market is expected to increase to USD 2,311.30 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Flight Data Recorder (FDR) Market is expected to witness significant growth, with a notable increase in valuation projected by 2030. Aerospace data recorders play a critical role in capturing electronic signals transmitted to aircraft, as well as conversations among pilots, crew members, and air traffic controllers. This data collection is essential for ensuring flight safety, conducting accident investigations, and optimizing operational efficiency in the aviation sector. The market's upward trajectory is driven by factors such as the global rise in air passenger traffic and the need for advanced aircraft technologies to manage increasing air traffic volume effectively.

Stringent safety regulations imposed by aviation authorities worldwide contribute to the growing demand for flight data recorders. These regulations mandate the installation of FDRs and cockpit voice recorders (CVRs) on commercial aircraft to facilitate accident investigations, safety analyses, and regulatory compliance. Advancements in aerospace data recording systems, including the integration of advanced sensors, enhanced data storage capabilities, and real-time monitoring features, are enhancing the functionality and reliability of FDRs, further driving market growth. The aviation industry's increasing focus on predictive maintenance and data-driven decision-making is expected to fuel demand for advanced flight data recording solutions, fostering market expansion in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Function
    3. Market Snapshot, By End-use
    4. Market Snapshot, By Region
  4. Global Flight Data Recorder (FDR) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Air Traffic
        2. Stringent Regulatory Requirements
        3. Advancements in FDR Systems
        4. Growing Emphasis on Aircraft Safety
        5. Rising Demand for Data-driven Decision-making
      2. Restraints
        1. Data Security Concerns
        2. Regulatory Compliance Challenges
        3. Limited Compatibility with Older Aircraft
      3. Opportunities
        1. Adoption of Digitalization and IoT Technologies
        2. Focus on Aircraft Health Monitoring Systems
        3. Development of Next-generation FDR Systems
        4. Collaboration and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Flight Data Recorder (FDR) Market, By Component, 2022 - 2032 (USD Million)
      1. Memory Unit
      2. Electronic Controller Board
      3. Input Devices
      4. Power Supply
      5. Signal Beacon
      6. Others
    2. Global Flight Data Recorder (FDR) Market, By Function, 2022 - 2032 (USD Million)
      1. Parametric Flight Data
      2. Record flight Crew Audio
      3. Data Link Communication
      4. Others
    3. Global Flight Data Recorder (FDR) Market, By End-use, 2022 - 2032 (USD Million)

      1. Civil & Commercial Aviation

      2. Military Aircraft

      3. Helicopters

    4. Global Flight Data Recorder (FDR) Market, By Geography, 2022 - 2032 (USD Million)

      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AstroNova Inc.
      2. Curtiss-Wright Defense Solutions
      3. FLHYT Aerospace Solutions Ltd
      4. Honeywell International Inc.
      5. L3Harris Technologies Inc.
      6. Leonardo DRS
      7. RUAG Group
      8. SLN Technologies
      9. Teledyne Technologies Incorporated
      10. Universal Avionics Systems Corporation
  7. Analyst Views
  8. Future Outlook of the Market

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