The data recorder market for aerospace and marine is estimated to be at $1,380.40 Million in 2014. The market is expected to register a CAGR of 4.52% to reach $1,799.50 Million by 2020.
The data recorder market for aerospace and marine is estimated to be at $1,380.40 Million in 2014. The market is expected to register a CAGR of 4.52% to reach $1,799.50 Million by 2020.
Technological advancements, coupled with more stringent maritime safety standards imposed by the International Maritime Organization (IMO), have led to ships being equipped with more sophisticated navigational equipment these days.
However, most ships may also have on board a course recorder, echo sounder, ECDIS, AIS, VDR, engine telegraph recorder and/or GPS navigator printer on the bridge. The data retrieved from these navigational devices is evidence of a high order as each device is an independent source of contemporaneous evidence and will enable the investigator to confirm and verify the observations of the ships leading to the collision.
Flight recorders are designed to survive both high-speed impact and post-impact fire. They are, however, not invulnerable and are sometimes destroyed. The recorder is designed to ensure that data, rather than the recorder itself, survives an accident. The data storage medium (tape or microchips) is mounted inside an impact-resistant and fire-resistant container.
This report covers the analysis and forecast of the data recorder market. It is segmented on the basis of types, regions, and countries. The report highlights factors driving the market, along with its restraints, challenges, opportunities and burning issues. It also contains brief about latest technologies, market and industry trends and describes industry business cycle.
The data recorder market analysis exemplifies the forecast for five major data recorder types: cockpit voice recorder, flight data recorder, voyage data recorder, quick access recorder, and data loggers. The geographical analysis describes the data recorder forecast for major regions including North America, Europe, Asia-Pacific (APAC), the Middle East, and Rest of World. Currently, North America and Europe are currently dominating the market; however, the APAC region is expected to register the highest CAGR by 2020.
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The report offers the profile of leading competitors in the data recorder market; it includes the general overview of companies, along with their financial position, key products, and market sizes. The key players in this market include L-3 Aviation Recorder (U.S), HR Smith group (U.K.), Teledyne Technologies, Inc. (U.K.), Honeywell International, Inc. (U.S.), and Danelec Marine A/S (U.S.).
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