Data Recorder Market (Cockpit Voice Recorder) Worth $1,794 Million by 2020 - New Report by MarketsandMarkets

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Data Recorder Market is steadily driven by increasing number of aircraft deliveries. Boost in maritime commerce is also expected to drive the market growth by 2020. (http://www.marketsandmarkets.com/Market-Reports/cockpit-Voice-flight-data-recorder-market-16771979.html)

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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.).

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.

Browse 76 market data Tables and 59 Figures spread through 151 Pages and in-depth TOC on "Data Recorder Market".

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These tapes units used two reels, with the tape automatically reversing at each end. Now CVR's in the commercial transportation are capable of recording four channels 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.

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Despite the economic downturn in the North American and European region, there is expected to be a demand for these systems, owing to the technology advancements and strong R&D initiatives by major players in this region. The APAC countries are slated to focus on growth and direct their region’s economies on a higher path for the long run.

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.

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 dominating the market; however, the APAC region is expected to register the highest CAGR by 2020.

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.

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