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New Report Forecasts Global Aerospace and Marine Data Recorder Market to Grow 4.5% Annually Through 2019

Fast Market Research announces the availability of the new TechNavio report, "Global Aerospace and Marine Data Recorder Market 2015-2019", on their comprehensive research portal


Boston, MA -- (SBWIRE) -- 08/18/2015 -- Global aerospace and marine data recorders are used in commercial and defense applications. Aerospace and marine data recorders are segmented into flight, cockpit, and voyage data recorders. While cockpit voice recorders record radio transmissions, pilot's voices, and engine noises; flight data recorders record performance parameters of planes, such as time, altitude, fuel levels, and airspeed. Similarly, voyage data recorders record wind speed and direction, ship's location, and the direction in which the ship is heading. These recordings are retrieved and analyzed during investigations of accidents.

Technavio's analysts forecast the global aerospace and marine data recorder market to grow at a CAGR of 4.50% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "A single-unit data recording device includes flight and voice data recorders in a single box configuration along with a data transfer system linked to air traffic control. The single unit device halves the spares and inventory cost and leads to reduced critical system weight. The installation of the device also shortens cable distances between the cockpit and recording device, preventing damage to the wires during an in-flight fire."

Get More Details on this Report and a Full Table of Contents at Global Aerospace and Marine Data Recorder Market 2015-2019

According to the report, the rise in demand for air travel has resulted in an increase in aircraft fleets. Globally, more than 38,000 aircraft orders will likely 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.

Further, the report states that the maturity of the technologies used in black boxes is one of the major hindrances to the growth of the market.

The key players in the Global Aerospace and Marine Data Recorder Market are Danelec Marine, Honeywell International, HR Smith Group, L-3 Communications Aviation Recorders and Teledyne Technologies while other prominent vendors include Acr Electronics, Flyht Aerospace Solutions, Phoenix International Holdings and Universal Avionics Systems

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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