Cockpit Voice Recorder Global Market Report 2022: Sector to Reach $202.6 Billion by 2030 at a CAGR of 2.6%

DUBLIN, Jan. 30, 2023 /PRNewswire/ -- Research and Markets

The "Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market to Reach $202.6 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB estimated at US$165.6 Billion in the year 2022, is projected to reach a revised size of US$202.6 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$88 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the UAV segment is readjusted to a revised 2.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 2.4% CAGR

The Cockpit Voice Recorder (CVR), FDR, TPL, and DRB market in the U.S. is estimated at US$48.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$36.2 Billion by the year 2030 trailing a CAGR of 2.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Select Competitors (Total 43 Featured) -

• ACR Electronics, Inc. (Artex)
• Curtiss-Wright Corporation (CWC)
• Dac International, Inc.
• Honeywell International, Inc.
• Hr Smith Group
• L-3 Communications Holdings, Inc.
• Teledyne Technologies, Inc.
• Universal Avionics System Corporation

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. 

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• 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
• Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Key Competitors Percentage Market Share in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

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
• 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
• 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/pzseqr-voice?w=5

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