Aircraft Flight Recorder Market

Aircraft Flight Recorder Market Size Survey Report – In a Glance

As per the survey report on global Aircraft flight recorder market, the market is projected to foresee a CAGR of 4.5% between 2024-2033, and further generate a market size of USD 165.6 million revenue by the end of 2033. In the year 2024, the market size was valued at USD 112.3 million revenue.

• The global Aircraft flight recorder market is projected to grow on account of the rising focus on aircraft safety and incident investigation.
• In Japan, the Aircraft flight recorder market growth can be attributed to the rise in aircraft deliveries across the world.
• KDMI analyst’s growth analysis foresees high cost of advanced systems to challenge the market growth.
• North America, having the highest market share in the Aircraft flight recorder market, is projected to dominate the global market.

Aircraft Flight Recorder Market Analysis

An aircraft flight recorder is a piece of equipment mounted on airplanes that is used to record flight data and cockpit audio communications. This device is essential for inspecting aircraft accidents, promoting flight safety standards and ensuring the overall safety and reliability of flights. The rising focus on aircraft safety and incident investigation, are the key drivers that are making major improvements in the aircraft flight recorder market. In 2023, there were no impairments to the hull or fatal accidents involving passenger jet aircraft. Nevertheless, there was a single fatal accident involving a turboprop aircraft that led to 72 fatalities. As per report highlights, in 2023, the overall accident rate was 0.80 per million sectors which means one accident for every 1.26 million flights, that indicated an improvement from 1.30 in 2022 and the lowest rate in over a decade. Honeywell International Inc. (U.S.), General Electric Company (U.S.), Leonardo DRS (U.S.), are some of the significant parties in the global market for Aircraft flight recorder.

Analyst’s Observation on Japan Aircraft Flight Recorder Market Survey

In Japan, the market growth for Aircraft flight recorder can be attributed to the rise in aircraft deliveries across the world. In today’s world, there is a growing need for global shipments or cross-border deliveries due to the growing businesses worldwide and the demand for deliveries is fulfilled through aircraft, indirectly pushing the aircraft flight recorder market as well. Hence, increased aircraft deliveries and aircraft products around the globe are assumed to be one of the major driving factors for the market. According to Japan’s Ministry of Finance, there was a soaring demand for imports of aircraft products including parts, sub-parts, and components in 2022 that reached a value of $8.3 million, with U.S. aerospace products accounting for 59.6 percent of the total. Elbit Systems Ltd., Raytheon Technologies Corporation, Safran are some of the significant parties in the market for Aircraft flight recorder in Japan.

Aircraft Flight Recorder Market Growth Driver and Challenges

Growth Driver

Emergence of autonomous aircraft:

The autonomous aircraft, also known as pilotless aircraft and its development offers a promising market opportunity for the aircraft flight recorder systems. This type of aircraft can be operated without human pilots which demands a highly accurate and reliable aircraft flight recorder to make certain of safety, trackability and adherence to air travel regulations. Implementing autonomy in aviation improves safety, increases access and eliminates the need for human involvement to engage in such dull and unsafe jobs. Companies namely, Aurora Flight Science, a subsidiary of the Boeing Company, had carried out the first trial flight of all-electric autonomous passenger aircraft and the company is concentrating on the idea of flying taxis by using AI and IoT-based systems in the near future.

Restraint

High cost of advanced systems:

Extensive preliminary research along with the continuous maintenance expenses of the advanced flight data recorder systems create a major hindrance for smaller airlines and aircraft operators, especially in developing markets in settings with limited financial resources. Technologically advanced modifications, such as integrating new features like real-time data streaming and enhanced durability, create technical difficulties that require substantial R&D investments. The overall expense of upgrading older aviation parts or installing next-generation systems can be cost-prohibitive, slowing the adoption of these modern technologies As a consequence, the financial strain can suppress the market growth, especially in regions with limited resources for technological advancements or system upgrades.

Aircraft Flight Recorder Market Segmentation

Our experts at KD Market Insights have segmented the global Aircraft flight recorder market research report as:

Aircraft Flight Recorder Market Regional Synopsis

The North America Aircraft flight recorder market is majorly driven by the existence of major aircraft manufacturers such as Boeing and Airbus, a strong commitment to aviation safety, supported by strict regulations requiring flight data recorders in commercial aircraft. In addition to these advancements, ongoing innovation in aviation technology and upgraded safety protocols contribute to the region's market dominance. The Federal Aviation Administration (FAA), imposes strict standards for flight recorders, encouraging a robust market for creative solutions. Recently, the FAA came to the conclusion that 51 of its 138 systems are unsustainable, pointing out outdated functionality, absence of spare parts, and more.

Asia-Pacific is the most rapidly progressing region in the market, steered by China, Japan, and India, due to its rapid surge in the commercial aviation sector and escalating aircraft deliveries. China's aviation sector is flourishing, and is fortified by the growing air travel needs and domestic production. According to survey reports, the total number of scheduled flights from Chinese airlines to Europe has increased by 74% accompanied by an added 6,331 planned flights, since summer 2023 which is equivalent to thirty flights a day. Furthermore, Japan is also contributing to the flight data recorder market expansion by enhancing aircraft safety and India is supporting the market by growing investments in modernizing its fleet.

As per our analysts at KD Market Insights, the following five players lead the North America Aircraft flight recorder market growth:

• Honeywell International Inc. (U.S.)
• General Electric Company (U.S.)
• Leonardo DRS (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Curtiss-Wright Corporation (U.S.)

Aircraft Flight Recorder Market Competitive Landscape

Some of the key players who top the global Aircraft flight recorder market share:

• Elbit Systems Ltd. (Israel)
• RTX (U.S.)
• Safran (France)
• Honeywell International Inc. (U.S.)
• General Electric Company (U.S.)
• Leonardo DRS (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Curtiss-Wright Corporation (U.S.)
• Teledyne Controls LLC (U.S.)
• AstroNova, Inc. (U.S.)
• SECO S.p.a. (Italy)
• FLIGHT DATA SYSTEMS (Australia)
• AERTEC (Spain)
• SLN Technologies (India)
• AMETEK, Inc. (U.S.)
• Flight Data Vision (U.S.)
• HR Smith Group of Companies (U.K.)
• FLYHT Aerospace Solutions Ltd. (Canada)
• Aversan (Canada)
• Latitude Technologies Corporation (Canada)
• LX navigation d.o.o. (Slovenia)
• niron-sys (Israel)
• uavnavigation (Spain)

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Aircraft Flight Recorder Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Component
      3. By Application
      4. By End-user
      5. By Region
5. Market Segmentation by Type
   1. 1. Cockpit Voice Recorder (CVR)
      2. Flight Data Recorder (FDR)
      3. Combined Voice & Flight Data Recorder (CVFDR)
6. Market Segmentation by Component
   1. 1. Recorder Units
      2. Memory Modules
      3. Cockpit Voice Interface
      4. Data Management Systems
7. Market Segmentation by Application
   1. 1. Accident Investigation
      2. Fleet Monitoring
      3. Air Traffic Management
      4. Performance Analysis
8. Market Segmentation by End-user
   1. 1. Airlines
      2. Aircraft Manufacturers
      3. Military & Defense
      4. Aviation Authorities

1. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Component, Application and End-user
      3. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Component, Application and End-user
      5. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
   2. Market Analysis by Type, Component, Application and End-user
   3. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Component, Application and End-user
      3. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Component, Application and End-user
      5. France
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Component, Application and End-user
      7. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
      8. Market Analysis by Type, Component, Application and End-user
      9. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
      10. Market Analysis by Type, Component, Application and End-user
      11. Rest of Europe
          1. Market Size and Forecast
          2. Key Trends and Developments
   4. Market Analysis by Type, Component, Application and End-user
   5. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Component, Application and End-user
      3. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Component, Application and End-user
      5. India
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Component, Application and End-user
      7. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Component, Application and End-user
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
      8. Market Analysis by Type, Component, Application and End-user
      9. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
   6. Market Analysis by Type, Component, Application and End-user
   7. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Component, Application and End-user
      3. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Component, Application and End-user
      5. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Component, Application and End-user
      7. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
   8. Market Analysis by Type, Component, Application and End-user
   9. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Component, Application and End-user
      3. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Component, Application and End-user
      5. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Component, Application and End-user
      7. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
2. Market Analysis by Type, Component, Application and End-user
3. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
   3. Medtronic (Ireland)
   4. IBM
   5. Apple Inc.
   6. Siemens Medical Solutions
   7. Pepperl+Fuchs
   8. Cisco
   9. GE Healthcare
4. Strategic Recommendations
5. Appendix
   1. List of Tables
   2. List of Figures
6. References