Aircraft Flight Recorder Market Size (2024 - 2029)

The aircraft flight recorder market is projected to experience growth driven by the increasing demand for new aircraft, which is a key factor influencing the market size. The expansion of the aviation industry and the procurement of new aircraft across various regions are expected to boost the demand for flight recorders as part of the broader aircraft supply chain. Regulatory changes mandating the installation of advanced flight recorders have prompted airlines to invest in compliance, further contributing to market growth. However, the market faces short-term challenges due to semiconductor supply chain fluctuations, which are critical for the functionality of flight recorders.

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Market Size of Aircraft Flight Recorder Industry

Aircraft Flight Recorder Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 113.36 Million
Market Size (2029) USD 138.13 Million
CAGR (2024 - 2029) 4.03 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aircraft Flight Recorder Market Major Players

*Disclaimer: Major Players sorted in no particular order

Aircraft Flight Recorder Market Analysis

The Aircraft Flight Recorder Market size is estimated at USD 113.36 million in 2024, and is expected to reach USD 138.13 million by 2029, growing at a CAGR of 4.03% during the forecast period (2024-2029).

The aircraft flight recorder market primarily depends on the demand for new aircraft. The aviation industry is growing, and new aircraft procurement is being done on a large scale across regions. This will likely generate demand for the entire aircraft supply chain, including the aircraft flight recorder.

Regulations amending the installation of new flight recorders (underwater locating devices and aircraft localization) onboard aircraft by regulatory bodies like EASA and ICAO have resulted in several airlines complying with the new regulations. This has led to investments by companies in new products aligning with these regulations and the demand for new recorders from aircraft OEMs and operators.

The effects of semiconductor boom and bust cycles are seen throughout semiconductors’ global supply chain. These cyclical adjustments can destabilize the high-reliability supply chain by reducing supply and raising the risks associated with sourcing. The flight computers that keep airplanes in the air are powered by semiconductors, which are crucial to the aviation sector. Although the global aerospace supply chain has historically withstood these cycles, anticipatory and preventative measures remain vital. Considering these essential aspects of semiconductors in aircraft flight recorders, it is presumed that the semiconductor shortage will be a short-term restraint for the market.

Aircraft Flight Recorder Industry Segmentation

A flight recorder (FDR) or an aircraft black box is a device used to record specific aircraft performance parameters. It collects and records data from various aircraft sensors onto a medium designed to survive an accident.

The aircraft flight recorder market is segmented based on type, end-user, and geography. By type, the market has been segmented into flight data recorders (FDR), cockpit voice recorders (CVR), and cockpit voice and data recorders (CVDR). By end user, the market has been segmented by civil and commercial aviation and military. The report also covers the market sizes and forecasts for the aircraft flight recorder market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Flight Data Recorder (FDR)
Cockpit Voice Recorder (CVR)
Cockpit Voice and Data Recorder (CVDR)
End User
Civil and Commercial Aviation
Military Aviation
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Egypt
Rest of Middle East and Africa
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Aircraft Flight Recorder Market Size Summary

The aircraft flight recorder market is poised for steady growth, driven by the expanding aviation industry and the increasing demand for new aircraft across various regions. This growth is further supported by regulatory changes mandating the installation of advanced flight recorders, which has prompted airlines and aircraft manufacturers to invest in compliant technologies. The market's expansion is also influenced by the cyclical nature of the semiconductor industry, which plays a crucial role in the functionality of flight recorders. Despite potential short-term challenges due to semiconductor shortages, the overall outlook remains positive, bolstered by the rising number of aircraft deliveries and advancements in commercial aviation technologies.

In the Asia-Pacific region, significant growth in both commercial and military aircraft procurement is expected to propel the market forward. Countries like China, India, and Japan are leading this growth, with substantial orders for new aircraft and increased defense spending. The focus on aviation safety and the development of advanced flight recorder systems are key priorities in these regions, particularly following past incidents. The market is characterized by a few dominant players who are investing in research and development to create more resilient and technologically advanced flight recorders. This consolidation and innovation are likely to shape the market dynamics during the forecast period, offering promising opportunities for growth.

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Aircraft Flight Recorder Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Flight Data Recorder (FDR)

      2. 2.1.2 Cockpit Voice Recorder (CVR)

      3. 2.1.3 Cockpit Voice and Data Recorder (CVDR)

    2. 2.2 End User

      1. 2.2.1 Civil and Commercial Aviation

      2. 2.2.2 Military Aviation

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Mexico

        2. 2.3.4.2 Brazil

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Egypt

        4. 2.3.5.4 Rest of Middle East and Africa

Aircraft Flight Recorder Market Size FAQs

The Aircraft Flight Recorder Market size is expected to reach USD 113.36 million in 2024 and grow at a CAGR of 4.03% to reach USD 138.13 million by 2029.

In 2024, the Aircraft Flight Recorder Market size is expected to reach USD 113.36 million.

Aircraft Flight Recorder Market Report Snapshots

Aircraft Flight Recorder Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)