Global Cockpit Voice and Flight Data Recorder Market 2017-2021

Overview of the global cockpit voice and flight data recorder market

According to Technavio's cockpit voice market research analysis, the modernization of existing aircrafts with better technologies will be one of the major factors that will have a positive impact on the growth of the cockpit voice recorder (CVR) and flight data recorder (FDR) market till 2021. Advancements in CVRs and FDRs have resulted in various improvements. These developments have also improved the levels of crash worthiness where the modern FDRs are double wrapped in stainless steel or titanium for better tolerance capabilities. Moreover, the traceability of recorders has also been improved, using ULBs that can ping for 90 days compared to the older ULBs that could ping only for 30 days. Such improvements have raised the importance for the adoption of flight recorders during the forecast period. Our cockpit voice market forecast predicts that this market will register a revenue of almost USD 1.3 billion by 2021.

The rising focus on lightweight data recorders is one of the key cockpit voice and flight data recorder market trends that will contribute to the market growth in the forthcoming years. Crucial factors such as weight and balance of an aircraft are highly important for better fuel efficiency and operational safety. Similarly, the weight of aircraft components is also a vital aspect to be considered during designing aircrafts. These aspects have compelled vendors to come up with lightweight cockpit voice and data recorders to overcome such encounters.

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Technavio's industry research report on the global cockpit voice and flight data recorder market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the cockpit voice and flight data recorder market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The CVR and FDR market consists of many vendors. The major vendors in this market are well-established companies with expertise across a wide range of products and services. These vendors also have manufacturing and sales facilities globally. Also, these vendors offer comparable flight recorder products as they must comply to multiple regulations. To distinguish themselves in this competitive market, vendors resort to specific strategies. 

The leading vendors in the market are ?

• Curtiss-Wright Defense Solutions
• Honeywell International
• L3 Technologies
• RUAG
• Universal Avionics Systems

The other prominent vendors in the market are DAC International, FLYHT Aerospace Solutions, Heli-One, and Teledyne Technologies.

Segmentation by product type and analysis of the cockpit voice and flight data recorder market

• Flight data recorder (FDR)
• Cockpit voice recorder (CVR)

During 2016, the FDR segment accounted for the major shares of the cockpit voice and flight data recorder market. Factors such as the superior functionality of FDR and the connection to various components in an airplane will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the cockpit voice and flight data recorder market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the cockpit voice and flight data recorder market throughout the forecast period. The presence of many measures and initiatives to mitigate the risks related to CVRs and several upgradation programs for aircraft modernization will drive the growth of this market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cockpit voice and flight data recorder market?
• What are the key market trends impacting the growth of the global cockpit voice and flight data recorder market?
• What are the challenges to market growth?
• Who are the key vendors in the global cockpit voice and flight data recorder market?
• What are the market opportunities and threats faced by the vendors in the global cockpit voice and flight data recorder market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cockpit voice and flight data recorder market?

Technavio also offers customization on reports based on specific client requirement.

To present clients with the opportunities to identify and expand in niche markets, this report on cockpit voice and flight data recorder market will present valuable insights into the key drivers and trends, impacting the market. One of the key drivers identified by our industry experts is the rising focus on flight safety, which is expected to impact the market during the next four years. This forthcoming market research report on the cockpit voice and flight data recorder market also covers vendors like L3, Honeywell, and  Universal Avionics. 

This industry research report on the global cockpit voice and flight data recorder market offers insights into trends and drivers stimulating the growth of the aerospace and defense industry. Our reports for the aerospace and defense industry also follow a scrupulous data collection methodology and present an extensive analysis of fast growing market segments like defense.      

The upcoming industry research report for the cockpit voice and flight data recorder market also categorizes the major drivers, trends, along with the restraints that the defense sector currently experiences. This upcoming report on the cockpit voice and flight data recorder market presents insights into the rapidly changing vendor landscape to give clients a complete outlook of the forthcoming events within the aerospace and defense industry. Technavio also offers a detailed market insight into the sectors such as commercial aviation, aerospace components, and aerospace manufacturing.   

Technavio also offers clients the possibility to customize every report according to their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.