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DATE
APR 2021
TABLES
57
PAGES
130
EDITION
5
PRICE
USD $4950
HIGHLIGHTS
Amid the COVID-19 crisis, the global market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB estimated at US$137 Billion in the year 2020, is projected to reach a revised size of US$168.8 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$73.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Military segment is readjusted to a revised 2.7% CAGR for the next 7-year period.
The Cockpit Voice Recorder (CVR), FDR, TPL, and DRB market in the U.S. is estimated at US$40.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.1 Billion by the year 2027 trailing a CAGR of 2.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
In the global UAV segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$35.6 Billion in the year 2020 will reach a projected size of US$44.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.8 Billion by the year 2027.
SELECT PLAYERS
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
SEGMENTS
» Application (Commercial, Military, UAV)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| 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 |
| TABLE: Accident Rate in Commercial Flights Worldwide: Number of Accidents Per Million Departures for the Years 2010 through 2018 |
| TABLE: Flight Safety in Commercial Aviation Industry: Number of Annual Flights, Total Accidents, Fatal Accidents and Deaths Worldwide for the Years 2013 through 2018 |
| Competition |
| TABLE: US Cockpit Voice and Flight Data Recorder: Percentage Breakdown of Revenue by Leading Players for 2019E |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| 3. MARKET TRENDS & DRIVERS |
| Persistent Increase in Commercial Aircraft Deliveries amidst Rising Passenger Traffic Fuels Data Recorders Market |
| TABLE: Growth of Aircraft Fleet: Number of Aircrafts Worldwide in 2018 and 2037 |
| TABLE: 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 |
| TABLE: Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040 |
| TABLE: Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019 |
| TABLE: 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 |
| TABLE: 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 |
| World Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Military by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for UAV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for UAV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for UAV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| USA Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| USA Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| USA 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| CANADA |
| Canada Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Canada Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Canada 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| JAPAN |
| Japan Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Japan Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Japan 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| CHINA |
| China Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| China Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| China 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| EUROPE |
| Europe Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027 |
| Europe Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| FRANCE |
| France Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| France Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| France 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| GERMANY |
| Germany Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Germany Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Germany 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| ITALY |
| Italy Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Italy Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Italy 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| UNITED KINGDOM |
| UK Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| UK Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| UK 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| REST OF EUROPE |
| Rest of Europe Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of Europe 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| ASIA-PACIFIC |
| Asia-Pacific Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Asia-Pacific 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| REST OF WORLD |
| Rest of World Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of World Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, Military and UAV Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of World 15-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, Military and UAV for the Years 2012, 2020 & 2027 |
| IV. COMPETITION |
| Total Companies Profiled: 43 |
Is the U.S. Still a Better Global Barometer than China?
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