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.).
(PRWEB) December 24, 2014
The research report on "Data Recorder Market" expects the global market to maintain a steady CAGR of 4.52% from 2014 to reach $1,794 Million by 2020.
Check out “Data Center Market” through detailed ToC, Data Tables and Figures, spread across over 151 Report Pages.
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Cockpit Voice Recorders used in the commercial transportation are capable of recording four channels of audio for a period of two hours. In many cases, the previous recording capacity of 30 minutes is found insufficient. As a result, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements as well as passenger traffic. According to the report, it is also driving the demand in the data recorder market on the global scale.
The latest cockpit voice recorders use solid-state memory and digital recording techniques. They are more resistant to shock, vibration and moisture and have less power requirements. They can be incorporated with batteries to continue recording until the termination of the flight and even if the aircraft electrical systems fail.
Among the three types of technologies including flash card, cloud computing, and solid state memory; the report expects the cloud computing market to account for the highest share during near future.
According to the report, analytics and business intelligence along with customer facing system consistency and availability are expected to be the major driving factors for the market. Apart from that, industry interfaces with external agencies and cost saving efforts are also expected to be the drivers for rising rate of adoption of cloud computing 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. According to the report, both these factors are driving the demand for the cloud services in the market.
The report segments the Data Recorder Market into four categories including technology, type, geography and country. This report divides the overall market into four geographic regions, which include North America, Europe, Asia-Pacific (APAC), Middle East, and Rest of world. According to the report, North America currently accounts for the highest market shares as compared to the other regions. During the forecasting period, APAC region is expected to grow at a higher CAGR.
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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.).
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