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(I-SoftwareNews.Com, January 10, 2018 ) The global aerospace data recorder market is anticipated to surge over the period from 2017 to 2025 at a CAGR of 5.8% to account for US$ 2379.5 million as compared to US$ 1460.9 million in 2016. The aerospace data recorders are electronics systems that are used to track and record every on-flight information, flight data such as altitude, speed, position and cockpit conversation. These recorded data or information facilitates in investigation during an aircraft accident or incident. The growth of aerospace data recorders market is highly influenced by the public private partnerships in the developed nations and in some of the emerging economies. The government of various developed countries are encouraging the public airlines as well as defense forces to partner with different private companies in order to procure aircraft components. This has given rise to aircraft modernization practices, which is a major trend in the developed nations and few developing countries.
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The flight data recorder held the largest market share in aerospace data recorders in 2016, while the cockpit voice recorder segment is expected to be the fastest growing type segment during the forecast period from 2017 to 2025. The rising demand for recording every details of pilot’s conversation with the first office, air traffic controls, on board crews in order to fetch maximum data from the recorders during any investigation, the manufacturers are integrating cockpit voice recorders with enhanced technologies. This is leading to more procurement of enhanced cockpit voice recorders, as a result, the segment is estimated to be the fastest growing type segment.
Aerospace Data Recorder Market Key Players
Honeywell International Inc.
L3 Technologies, Inc
Teledyne Technologies, Inc.
RUAG Holdings AG
Universal Avionics Systems Corporation
Curtiss-Wright Defense Solutions
FLYHT Aerospace Solutions Ltd.
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Key Questions Answered In This Report
– What will the market size be in 2025 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
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- Historical and Future Market
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- Drivers and Challenges
- Key Vendors
- Market Strategies
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