Data Recorder Market: Analysis & Forecast with Upcoming Trends 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.

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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Data Recorder Market | Digital data recorder | Digital data recorder software

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".

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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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