Aircraft Flight Recorder Market

Global Aircraft Flight Recorder Market Size (2024-2029)

The Global Aircraft Flight Recorder Market was worth US$ 102 million in 2023 and is anticipated to reach a valuation of US$ 133 million by 2029 from US$ 106 million in 2024. It is predicted to register a CAGR of 4.56% during the forecast period 2024-2029.

MARKET SCENARIO

The other name for the flight data recorder in the aviation industry across the globe is the misnomer black box. The electronic recording device is a component of the aircraft to make the investigation easy in case of occurrence of aircraft incidents and accidents. There are two different components of the flight data recorder in the aircraft. One component does the work of preserving the current history by recording several parameters collected in the box. The second component does the work of conserving the current data of the sounds in the cockpit along with the conversations of the pilot and is called a cockpit voice recorder.

MARKET DRIVERS

The upsurge in aircraft deliveries around the world acts as a market driver

Around the world, there is a rise in international deliveries that is creating the demand for aircraft for delivery purposes. To achieve a perfect delivery system, the perfect schedule must be prepared and continuous monitoring of the flights is mandatory. That results in a rise in the demand for data recorders in the aviation industry. This rise in aircraft deliveries across the world is expected to be the key driving factor for the aircraft flight recorder market.

An increase in air traffic drives the market.

The rise in the demand for the aviation industry is due to provision of the support to various business operations. This resulted in an increase in the number of aircraft and created huge air traffic in the industry. This demands the need for the proper maintenance, monitoring, and scheduling of the operations for the aircraft to avoid accidents. This requires an aircraft recorder for continuous monitoring and further, it acts as a market driver in the aircraft flight recorder market.

MARKET RESTRAINTS

Some major restraints in the aircraft flight recorder markets include the complexity involved in the integration of the flight data recorder (FDR) and safety concerns over the recorded flight data.

Integrating the flight data recording must abide by the regulations and standards of the International Civil Aviation Organization (ICAO) and the Federal Aviation Administration (FAA). Wide documentation and devotion to the specific rules to safeguard compliance are required. Limitation to the data stored in the FDR is expected to be a restraining factor to the market. Cyber threats and unauthorized access to the FDR are potential threats. Access to the data will be strictly retained with authorized people. Cyber security measures are to be implemented for data protection. Continuous evaluation and improvements in the safety measures are to be done to protect from the potential emergence of new threats with the advancements in technologies. This will be costly and requires experienced personnel for the maintenance.

MARKET OPPORTUNITIES

The emerging markets are increasing the demand for air travel. The increasing investment in the emerging countries' aviation industry will be a market growth opportunity. The invested amount is utilized for the improvement and development of the airport infrastructure to meet the rise in the number of air travel passengers. The construction of new airports, upgradation of the airport technology, and expansion of the existing airports for providing an improvement in the service offered and passengers’ experience. In emerging countries, these improvements in air travel will be an anticipated opportunity for the aircraft flight recorder market growth and expansion.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Aircraft Flight Recorder Market Analysis By Type

• Flight Data Recorder (FDR)
• Cockpit Voice Recorder (CVR)
• Cockpit Voice and Data Recorder (CVDR)

The cockpit voice and data recorder (CVDR) is expected to have a great market share in the aircraft flight recorder market during the forecast period. The increase in the number of aircraft flight deliveries and innovations in the aviation industry drive the market. The cockpit voice recorder is also expected to increase its market share in the coming years.

Global Aircraft Flight Recorder Market Analysis By End User

• Civil and Commercial Aviation
• Military Aviation

The Civil and commercial aviation segment is anticipated to hold a significant share of the aircraft flight recorder market with a high CAGR. The market growth is fuelled by the increased number of aircraft deliveries, increase in air traffic, and new technological innovations in the commercial aviation sector in recent times.  The increase in the demand for the aircraft is directly proportional to the aircraft flight data recorder demand for provision of the enhanced safety. A positive outlook for the market is witnessed by an increase in air passenger traffic.

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia-Pacific region is expected to have the highest market share in the aircraft flight recorder market. The rise in the expenditure on the aviation sector and the growing demand for new aircraft in the nations like India and China will act as a market growth booster.  In 2023, China will surpass the United States in the growth of the aviation industry. China's significant growth in commercial and military aircraft will be an additional market booster. Most of the aircraft deliveries are done in the Asia-Pacific regions. Europe and North America also hold a high market share due to the presence of great aircraft equipment manufacturers.

KEY MARKET PLAYERS

1. L3Harris Technologies, Inc
2. FLYHT Aerospace Solutions Ltd
3. Curtiss-Wright Corporation
4. Elbit Systems Limited
5. Honeywell International Inc.
6. Hindustan Aeronautics Limited
7. Raytheon Technologies Corporation
8. Flight Data Vision
9. Latitude Technologies Corporation
10. Aversan Inc.

RECENT HAPPENINGS IN THE MARKET

• In 2023, for the development of the Cockpit Voice Recorder and Flight Data Recorder, indigenously Hindustan Aeronautics Limited received the Indian Technical Standard Order (ITSO) authorization from the DGCA.

• In 2022, the United States Air Force made a contract with the aerospace and defense industry technology company Mercury Systems for the indefinite-delivery/indefinite-quantity (IDIQ) contract. The secure mission data system (SMDS) gets support from the flight data records as a part of the contract. The F-16 jets will have an improvement in performance, security, and reliability from the flight data recorders in the current and future mission requirements.