Aerospace Data Recorder

Aerospace Data Recorder

Global Aerospace Data Recorders Market to Reach $2.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Aerospace Data Recorders estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Cockpit Voice Recorder, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Flight Data Recorder segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $493.7 Million, While China is Forecast to Grow at 8.9% CAGR

The Aerospace Data Recorders market in the U.S. is estimated at US$493.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$529.5 Million by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$338.2 Million by the year 2027.

Data Logger Segment to Record 4.8% CAGR

In the global Data Logger segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$272 Million in the year 2020 will reach a projected size of US$370 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.2% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• AstroNova
• Curtiss-Wright Defense Solutions
• FLYHT Aerospace Solutions Ltd.
• L3 Technologies, Inc.
• Leonardo DRS
• MadgeTech, Inc.
• RUAG Holding AG
• SLN Technologies Pvt. Ltd.
• Teledyne Technologies Inc.
• Universal Avionics System Corporation

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