Dublin, Oct. 04, 2019 (GLOBE NEWSWIRE) -- The "Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
Cockpit Voice Recorder (CVR), FDR, TPL, and DRB market worldwide is projected to grow by US$34.9 Billion, driven by a compounded growth of 3.4%.
Commercial, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$72.6 Billion by the year 2025, Commercial will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 4.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.8 Billion to the region's size and clout in the next 5 to 6 years. Over US$8.6 Billion worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Commercial will reach a market size of US$6.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 3.2% over the next couple of years and add approximately US$5.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include the following, among others:
- ACR Electronics, Inc. (Artex) (USA)
- Curtiss-Wright Corporation (CWC) (USA)
- Dac International, Inc. (USA)
- Honeywell International, Inc. (USA)
- Hr Smith Group (United Kingdom)
- L-3 Communications Holdings, Inc. (USA)
- Teledyne Technologies, Inc. (USA)
- Universal Avionics System Corporation (USA)
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Cockpit Voice Recorder (CVR), FDR, TPL, and DRB: A Prelude
- Recent Surge in Aviation Industry Accidents, Crashes and Safety Incidents Throw Light on the Significance of Data Recorders in Identifying and Mitigating Risks
- Accident Rate in Commercial Flights Worldwide: Number of Accidents Per Million Departures for the Years 2010 through 2018
- Flight Safety in Commercial Aviation Industry: Number of Annual Flights, Total Accidents, Fatal Accidents and Deaths Worldwide for the Years 2013 through 2018
- Competition
- US Cockpit Voice and Flight Data Recorder: Percentage Breakdown of Revenue by Leading Players for 2019E
- Global Competitor Market Shares
- Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Persistent Increase in Commercial Aircraft Deliveries amidst Rising Passenger Traffic Fuels Data Recorders Market
- Growth of Aircraft Fleet: Number of Aircrafts Worldwide in 2018 and 2037
- Number of New Commercial Aircraft Deliveries by Size for the Period 2018-2037
- Rising Demand for Air Travel and Robust Increase in Air Passenger Traffic
- Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040
- Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019
- Growing Worldwide Air Passenger Traffic: Number of Scheduled Passengers Boarded in Millions by Airlines for the Period 2004-2019
- Aircraft Data Recorder Market: An Overview
- Aviation Industry Focuses on Development of Next-Generation CVRs and FDRs with Longer CVR Record Durations
- Failure to Retrieve Black Boxes in Certain Air Crashes Drives Focus onto the Need for Real-time Data Streaming in Data Recorders
- A List of Unrecovered Flight Data Recorders of Airplanes
- Ejectable Floating Data Recorders: A Solution to Ensure Recovery of Recorders during Crashes
- Airbus to Deploy Ejectable, Floating Black Boxes in Long-Haul Aircrafts
- Aviation Sector Focuses on Weight Savings in Crash Recorders
- HENSOLDT Introduces Lightweight Flight Data Recorder for Business Jets, UAVs and Small Helicopters
- Curtiss-Wright Fortress Recorder: Lightweight Data Recorder Ensures Cost Savings
- Strong Growth Forecast for Military Aircrafts Augurs Well for CVR and FDR Market
- Global Military Aircrafts Market: Demand for Tactical and Strategic Aircrafts for the Years 2017, 2019, 2021, 2023 and 2025
- Difficulties in Locating Crashed MH370 Aircraft Brings Forth Focus on Adaptive and Longer-life Pingers
- Distress Radio Beacon Market: Driven by Growing Safety Needs of Aviation Sector
- Innovations & Advancements
- Technology Evolution of FDRs: Potential Opportunities in Preventive Maintenance
- Honeywell and Curtiss-Wright Use Inflight Connectivity to Reinvent CVR and FDR
- Airbus Unveils New Fixed and Deployable Flight Recorders
- Orolia Introduces Galileo-Enabled Personal Location Beacons
- Regulations
- Against the Backdrop of Recent Aviation Safety Incidents, NTSB Seeks Extension of Cockpit Voice Recorder Duration to 25 Hours
- EASA Mandates Installation of Upgraded CVR and ULD Equipment
- Canada Amends Aviation Regulations Related to Flight Data Recorder and Cockpit Voice Recorder
- NPA 2018-03 Seeks to Improve Quality of FDRs for Better Support to Accident Investigations
- GADSS Leads to Implementation of Global Flight Tracking Standards
- Product Overview
- Cockpit Voice Recorder (CVR)
- Flight Data Recorder (FDR)
- Towed Pinger Locator (TPL)
- Distress Radio Beacons (DRB)
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
- Market Facts & Figures
- US Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Share (in %) by Company: 2019 & 2025
CANADA
JAPAN
CHINA
EUROPE
- Market Facts & Figures
- European Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market: Competitor Market Share Scenario (in %) for 2019 & 2025
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/6wo37u