Pune, India -- (SBWIRE) -- 01/10/2018 -- Market Highlights:
The report for Global Flight Data Recorder Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The existing fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years, and the global fleet is likely to reach 45,000 aircraft by 2036. Moreover, the high demand for air travel in the emerging regions, such as Asia, Latin America, and the Middle East, leads to an increase in the number of aircrafts in these regions. As a result, approximately 22,000 aircrafts are expected to be delivered to these regions in the next 20 years. On the other hand, it is expected that over 15,000 aircrafts would be delivered in developed regions such as North America and Europe, by 2036. Modernization of aircraft fleets with the latest technology, and stringent government regulations, are some of the other primary factors driving the demand in the flight data recorder market. The rising demand for accurate and precise flight data among the airline operators and defense forces, also adds to the market growth.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4642
Major Key Players
Honeywell International Inc. (U.S),
Teledyne Technologies Incorporated (U.S),
AstroNova Inc. (U.S),
SLN Technologies (India),
FLHYT Aerospace Solutions Ltd. (Canada),
Leonardo DRS (U.S),
RUAG Group (Switzerland),
Curtiss-Wright Defense Solutions (U.S),
L-3 Technologies Inc. (U.S),
Universal Avionics Systems Corporation (U.S)
The market for Flight Data Recorder systems Market is expected to dominate in the North American region due to the rapidly rising research and development activities here. Established aviation industry and supporting infrastructure also aids the growth of the market. Existence of sophisticated technology and major manufacturers in the North American region has significantly contributed in the growth of the flight data recorder market in the North American region.
Rapidly rising air passenger traffic in the Asia Pacific region has been key to the high growth rate in this region. Rising government investment towards development of new airports and upgradation of old ones, have been other major factors driving the growth of this market.
Browse Full report @ https://www.marketresearchfuture.com/reports/flight-data-recorder-market-4642
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.