[138 Pages Report] Cockpit Voice & Flight Data Recorder Market research report for Aerospace and Defense Industry categorizes global market by Application( Military, Commercial, UAV’s) & Geography ( North America, Latin America, The Middle East, APAC, And Europe)"
Dallas, TX -- (SBWIRE) -- 10/27/2014 -- According to market research “Cockpit Voice (Black Box), Towed Pinger Locator, Distress Radio Beacons, Flight Data Recorder Market by Application( Commercial, Military, UAV’s) by Geography( North America, Latin America, The Middle East, APAC, and Europe)- Forecast and Analysis to 2014 - 2020” The cockpit voice recorder and flight data recorder market is expected to be at $136.74 million in 2014 and is expected to register a CAGR of 3.22% to reach $166.08 million by 2020.
Browse 50 market data tables, 41 figures spread through 138 pages and in-depth TOC on “Cockpit Voice (Black Box), Towed Pinger Locator, Distress Radio Beacons, Flight Data Recorder Market by Application( Commercial, Military, UAV’s) by Geography( North America, Latin America, The Middle East, APAC, and Europe)- Forecast and Analysis to 2014 - 2020”
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This report offers a market analysis of the cockpit voice recorder and flight data recorder market over the next six years. It offers insights on an overview of the market drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the cockpit voice recorder and flight data recorder.It tracks, analyzes, and lays out, the market size of the major spenders in each region .The report also evaluates the market share of cockpit voice recorder, flight data recorder, distress radio beacon, and towed pinger locator through procurement, integration, and maintenance.It provides information of the leading competitors in the cockpit voice recorder and flight data recorder market.
This market research report categorizes the global market on the basis of product, application, geography, forecast revenues, and market share in each of the sub-sectors. The market is segmented into its application in the commercial and military aircraft application. The report provides a market forecast for the CVRs, FDRs, TPRs, and DRBs markets. The market size of these products is also calculated with respect to each region.
The future of the cockpit voice recorder and flight data recorder market will be dominated by real time flight data transmission.
CVRs and FDRs facilitate investigation of avionics accidents and incidents. Every aircraft is mandated to have these devices. They are either mounted on separate or unique platform.
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Asia-Pacific (APAC) is expected to restore its technology platform in the future, to meet the changing demands of the stakeholders in this industry. The APAC region will grow significantly during the forecast period. One of the reasons for their growth is the military Keynesianism.
Despite the economic downturn in the North American and European region, there will be a demand for these systems, owing to the technology advancements and strong R&D initiatives by major players in this region. The APAC countries will focus on growth and direct their region’s economies on a higher path for the long run.
North America and Europe have been the biggest markets for CVR. In the recent economic scenario, defense budget cuts have cause turbulence in these markets. Emerging economies such as China and India look more attractive given the newer opportunities in the CVR and FDR market.
Key markets such as Russia, China, India, and Japan are expected to drive growth in the market. China remains a tough market to crack, owing to strict government regulations in the defense sector, indigenous programs, copyright issues with respect to military applications, and use of technology.
While designing a CVR unit, decisions must be made to map various parts of the information hierarchy to user actions. Mapping hierarchy information to CVR and FDR will be one of the major challenges of this market.
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