Data Recorder Market Worth $1,799.50 Million by 2020 - New Report by MarketsandMarkets

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Technologies are reaching maturity, development tools are up and running, and everybody has focused their energies on common goal.(http://www.marketsandmarkets.com/Market-Reports/cockpit-Voice-flight-data-recorder-market-16771979.html)

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The leading companies in the Data Recorder Market covered in the report 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.).

International regulations about the safety of ships at sea require every modern vessel to be equipped with a voyage data recorder to assist investigations in the event of an accident. As such, these devices are the primary means for acquiring reliable data about an accident involving a ship, and so they must be the first targets in an investigation.

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Browse 76 market data tables, 59 figures spread through 151 pages and in-depth TOC on “Data Recorder Market - Forecasts & Analysis to 2014 - 2020”

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Earlier the CVR used analog wire recording, it was later replaced by analog magnetic tapes. These tapes unit used two reels, with the tape automatically reversing at each end. Now CVR’s in the commercial transportation are capable of recording four channel 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.

Analytics and business intelligence, customer facing system consistency and availability, industry interfaces with external agencies and cost saving with improved focus on core services would be the drivers of cloud computing adoption in airline industry. The Federal Aviation Administration is moving towards remotely based systems. Airlines and airports are moving to cloud based severs for sensitive flight information.

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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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