Global Quick Access Recorder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Quick Access Recorder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Quick Access Recorder market finds that the global Quick Access Recorder market reached a value of USD 74.37 million in 2022. It’s expected that the market will achieve USD 112.12 million by 2028, exhibiting a CAGR of 7.08% during the forecast period.

Influence of COVID-19 Outbreak on Quick Access Recorder Industry Development

After the global outbreak of the new crown epidemic in 2020, the number of confirmed cases continued to rise, and the number of deaths continued to increase. To effectively control the new crown pneumonia epidemic, the World Health Organization (WHO) has called for the minimization of crowd gatherings. Many countries and regions around the world have taken various measures to control the flow of people, which directly led to a significant reduction in travel and business activities. The COVID-19 epidemic has had a huge impact on the global air transport industry and continued to transmit pressure on airlines, major manufacturers, industrial chains, airports, and service companies. It is impossible to predict how long this effect will last. Airlines and aircraft leasing companies adjusted aircraft introduction plans reduced capital expenditures and continued to strengthen risk control and cash flow management. This also affects the need for Quick Access Recorders (QAR) to some extent. In 2021, the economies of various countries will start to recover. With the widespread use of vaccines and the relaxation of travel restrictions on international travel, the global aviation industry will begin to recover. The regions leading the recovery are North America and Europe, and the Asia-Pacific region is also gradually relaxing restrictions. Hence, the demand for Quick Access Recorders (QAR) is expected to pick up.

Market Driving Factors of Quick Access Recorder

QAR is one of the most important pieces of equipment in-flight data recording. It not only records the operating conditions of the equipment on the aircraft but also has an accurate record of the pilot's operating methods. It was once highly valued by aviation operators, and it has also become one of the key considerations for aircraft maintenance and operation. Airlines elect to install quick access recorders (QAR) in their fleets to enable routine monitoring of aircraft systems and flight crew performance. The QAR is installed in an easily accessible location, such as the avionics bay, whereas the FDR (Flight Data Recorder) and CVR (Cockpit Voice Recorder) are often located in a difficult-to-access location like the tail of the aircraft. Unlike the CVR and FDR, the QAR is not required to be installed by regulation. The parameters recorded by the QAR can be configured by the airline or they can be the same as the parameters recorded on the FDR. Unlike the CVR and FDR, QARs can be downloaded easily and do not require specialist equipment.

Market Restraints Factors of Quick Access Recorder

First, raw material prices fluctuate. Affected by the global COVID-19 epidemic, some areas have stopped work and production, workers have been quarantined at home, logistics have been interrupted, shipping costs have soared, and the raw material shortage of Quick Access Recorder (QAR) has risen, and raw material prices have risen. Second, the manufacturing of the Quick Access Recorder (QAR) was affected and the transportation of goods was hindered. In addition, the COVID-19 restrictions on travel have negatively impacted the global air transport industry, affecting the demand for Quick Access Recorders (QAR) to a certain extent.

Market Trends Factors of Quick Access Recorder

Due to the increasing demand for real-time data transmission, aircraft manufacturers are also constantly researching advanced technologies. Real-time data transmission utilizes the Internet of Things (IoT) and other computing languages to help recorders transmit recorded data. It is expected that in the future, the technology of quick-access recorders will develop more and more blocks.
At the same time, QAR manufacturers are working to provide airlines with more cost-effective equipment that facilitates connectivity, reduces size and weight, and can save thousands of pounds of fuel over the life of the aircraft. This is not only financially advantageous but also environmentally responsible.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

L3 technologies is one of the major players operating in the Quick Access Recorder market, holding a share of 20.06% in 2022.

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains.

Collins Aerospace specializes in aerostructures, avionics, interiors, mechanical systems, mission systems, and power and control systems that serve customers across the commercial, regional, business aviation, and military sectors.

Segmentation Overview:

Among different product types, Flash Card segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Aerospace segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Quick Access Recorder market covered in Chapter 3:

United Technologies Corporation
ATM PP Ltd.
Aeronautical Accessories
RUAG
Safran
Curtiss-Wright
Avionica
Kenure Developments Ltd.
L3 technologies
Astronics Corporation
Intelsat

In Chapter 4 and Chapter 14.2, on the basis of types, the Quick Access Recorder market from 2018 to 2029 is primarily split into:

Flash Card
USB
Cloud Computing

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Quick Access Recorder market from 2018 to 2029 covers:

Military
Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)