The global aerospace data recorder market to expand at a dull CAGR of 4.6% from 2017 to 2025. Maintaining this pace, the market is anticipated to attain a value of US$2.086 mn by 2025 from a mark of US$1.422 million in 2016.
Albany, NY -- (SBWIRE) -- 08/11/2017 -- In the present time, the most commonly known aerospace data recorders are cockpit voice recorders and flight data recorders. The major driver for the global aerospace data recorders market is the persistent need for real-time data transmission during flight. To study in-depth about the market scenario, a new study has been included to the vast database of Market Research Reports Search Engine (MRRSE). This report is titled "Aerospace Data Recorder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", which deals with the market overview as well as market dynamics, in order to enlighten the readers. A forecast analysis is also enclosed in the report which projects the global aerospace data recorder market to expand at a dull CAGR of 4.6% from 2017 to 2025. Maintaining this pace, the market is anticipated to attain a value of US$2.086 mn by 2025 from a mark of US$1.422 million in 2016.
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An aerospace data recorder is seen as an electronic device which is used to collect or record any electronic signals propelled to the aircraft along with the conversation between the pilots', on board crews and air traffic controller. Such devices are actively used by aircraft accident investigation agencies and aircraft operators in the situation of any aircraft accident or incidents. The report starts with a brief focus on the research methodology, executive summary and market overview. Later, the section also talks about the market dynamics such as drivers, restraints, opportunities and market attractiveness factors. The readers can also access information related to competitive strategies adopted by the active players from the global aerospace data recorder market.
The next section of the report presents market segmentation on the basis of several aspects. On the basis of components, the variations include cockpit voice recorder, flight data recorder, quick access recorder and data loggers. Further, on the basis of application, the market is bifurcated into commercial and defense. On the basis of geographical front, the aerospace data recorder market is highlighted on the basis of five key regions as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. In 2016, the majority of market share was backed by North America, followed by Europe.
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As the report concludes, the readers can gain knowledge related to the competitive analysis. This includes details about the main market players across the five key regions. The prime participants from the aerospace data recorder market are Honeywell International Inc. (U.S), AstroNova Inc. (U.S), Teledyne Technologies Incorporated (U.S), SLN Technologies (India), Leonardo DRS (U.S), RUAG Group (Switzerland), FLHYT Aerospace Solutions Ltd. (Canada), Curtiss-Wright Defense Solutions (U.S), Universal Avionics Systems Corporation (U.S) and L-3 Technologies Inc. (U.S).
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