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.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Data Recorder Market - Forecasts & Analysis to 2014 - 2020
- Automotive Battery Market - Industry Trends & Forecast to 2019
- Marine Freight: Global Industry Guide
- Marine Composites Market - Global Trends and Forecasts to 2019
- Global Marine Freight