Aerospace Data Recorders Market to Exceed USD 2.379 Bn by 2025, Predicts The Insight Partners in Its Report Available at MarketPublishers.com
17 Nov 2017 • by Natalie Aster
LONDON – The world’s aerospace data recorder market will likely surge during 2017-2025. It is expected to exhibit a 5.8% CAGR through 2025 to exceed USD 2.379 billion.
The flight data recorder sector accounted for the biggest share of the overall aerospace data recorders market in the past year. Meantime, the cockpit voice recorder sector is anticipated to witness the highest growth rate through 2025.
Basing on applications, the commercial aviation grabs the largest share of the aerospace data recorders market and is predicted to rise at the highest CAGR in the foreseeable future. this is mainly attributed to robust growth in air traffic.
As for regional markets, North America is an unrivalled leader in the world’s market for aerospace data recorders; this is majorly due to presence of big number of established and emerging players in the regional market.
Some of the prominent companies active in the aerospace data recorders market are Honeywell International, AstroNova, Teledyne Technologies, Universal Avionics Systems Corporation, FLYHT Aerospace Solutions, Leonardo DRS and Curitss-Wright Defense Solutions, to name a few.
In-demand research study “Aerospace Data Recorders Market 2025 – Global Analysis and Forecasts by Types & Application” prepared by The Insight Partners sheds light on the major business priorities in the aerospace data recorders market in order to assist companies to realign their business strategies. It includes an extensive analysis of the global aerospace data recorders market landscape, scenario, historical background, prevailing trends and dynamics. Besides, this study points out the major emerging growth opportunities and challenges, covers the competitive scene and also uncovers data on the top companies operating in the market. Additionally, this research study offers access to a comprehensive future outlook up till 2025.
Many other research reports by this publisher are provided in The Insight Partners catalogue at MarketPublishers.com.