- The key vendors in the global aerospace and marine data recorder market 2015-2019 are Danelec Marine, Honeywell International, HR Smith, L-3 Communications Aviation Recorders and Teledyne Technologies.
London, 11 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global aerospace and marine data recorder market 2015-2019. Following the recommendation of the investigators of the 2009 Air France A330 jet crash and 2014 AirAsia crash, ejectable black boxes have been gaining support at the International Civil Aviation Organization. Ejectable data recorders would detach from the aircraft and float in water in case of a disaster. The global aerospace and marine data recorder market is expected to grow at a CAGR of 4.50% during the period 2014-2019.
The global aerospace and marine data recorder market is segmented into flight data recorder (FDR), cockpit voice recorder (CVR), and voyage data recorder (VDR), which are used for both commercial and defense applications. While the CVR records radio transmissions, pilot’s voices, and engine noises, the FDR preserves a recording of the operating functions of a plane such as time, altitude, fuel levels, and airspeed.
The market is driven by the increasing demand for aircraft and marine vessels, improved safety standards, and use of advanced technology. The rise in demand for air travel has resulted in an increase in aircraft fleets. Globally, more than 38,000 aircraft orders are expected to 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.
“The installation of single-unit data recorder shortens cable distances between the cockpit and recording device, preventing damage to the wires during an in-flight fire,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, Introducing real-time streaming will not prevent accidents, but it would provide faster and potentially better information to those on the ground.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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