According
to market research "Data
Recorder Market by Type (cockpit
voice recorder, flight data
recorder, quick access recorder, voyage data recorder, data logger), by
technology (flash card, cloud computing and solid state) by Geography (North
America, Europe, APAC, Middle East, Latin America and Africa) - Forecasts &
Analysis to 2014 - 2020", published by MarketsandMarkets, the report
offers an in-depth analysis of the market from 2014 - 2020. The data recorder
market is projected to reach $1,794 Million by 2020, growing at a CAGR of 4.52%
from 2014-2020.
Browse 76 market data Tables and 59
Figures spread through 151 Pages and in-depth TOC on "Data
Recorder Market".
Early buyers will receive 10%
customization on this report.
Earlier
the CVR used analog wire recording, it was later replaced by analog magnetic
tapes. These tapes unit used two reels, with the tape automatically reversing
at each end. Now CVR's in the commercial transportation are capable of
recording four channel of audio for a period of two hours. In many cases, the
previous requirement for a CVR to record 30 minutes was found insufficient as
the parts of the pertinent audio was missed having occurred more than 30
minutes before the end of the recording. In current scenario, despite uncertain
economic conditions, commercial aviation is experiencing continuous growth in
aircraft movements as well as passenger traffic.
The
latest CVR uses solid- state memory and digital recording techniques, making
them more resistance to shock, vibration, and moisture. Solid-state recorder
has less power requirements with the possibility to incorporate battery in the
units thus recording can continue until the flight terminates, even if the
aircraft electrical systems fail.
Among
the three technology types including flash card, cloud computing, and solid
state memory; the cloud computing market is expected to account for the highest
market share during the forecast period.
Analytics
and business intelligence, customer facing system consistency and availability,
industry interfaces with external agencies and cost saving with improved focus
on core services would be the drivers of cloud computing adoption in airline
industry. The Federal Aviation Administration is moving towards remotely based
systems. Airlines and airports are moving to cloud based severs for sensitive
flight information.
The
Data Recorder Market has been segmented into four categories including
technology, type, geography and country. This report divides the overall market
into four geographies including North America, Europe, Asia-Pacific (APAC), the
Middle East, and Rest of world. North America currently accounts for the
highest market share as compared to other regions. Given the forecast period,
the APAC region is expected to grow at a higher CAGR and is expected to account
for the highest market share by 2020.
The leading companies in the Data
Recorder Market covered in the report 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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