Key Insights for the Cockpit Voice and Flight Data Recorder Market | Technavio
The global cockpit voice and flight data recorder market is expected to grow at a CAGR of close to 4% during the period 2017-2021, according to a new market research study by Technavio.
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Technavio has published a new market research report on the global cockpit voice and flight data recorder market from 2017-2021. (Graphic: Business Wire)
The report categorizes the global cockpit voice and flight data recorder market by product type, including cockpit voice recorder (CVR) and flight data recorder (FDR). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: greater focus on flight safety
FDR and CVR are crucial components used in an aircraft accident investigation. The information from these devices helps investigators to obtain a complete picture of an accident. The data also helps different stakeholders in the aviation industry to avert potential mishaps in the future. The demand for such recording components is attributed to the increased focus on aviation safety across the globe.
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Market trend: miniaturization of recorders
Airborne platforms have evolved significantly over the years in terms of their design and functionality. The advent of unmanned aerial vehicles (UAVs) was a major milestone in the evolution of aircraft. Rapid advancements in technology have enabled greater functionality of these platforms while reducing their size. Small UAVs can be used for a variety of applications such as civil, commercial, military, and research and development.
According to Ramyabrata Chakraborty, a lead analyst at Technavio for defense research, “Such small platforms demand miniature flight recorders to gather information about the aerodynamic and flight performance. They employ small and efficient electronics and storage devices to suit the needs of the UAVs. Cockpit voice and flight data recorder manufacturers realize the opportunity that comes with technology enablers from business analytics, mobile solutions, and cloud computing.”
Market challenge: complicated testing procedure
Testing and evaluating the performance black box involve complicated procedures. A variety of tests relating to both, hardware and software, must be performed to validate the performance of black boxes. The testing of black box software is based on its specifications and design parameters. From a hardware perspective, extensive tests are carried out to ensure the reliability of the crash-survivable memory unit (CSMU) of the black box.
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Key vendors in the market
- Curtiss-Wright Defense Solutions
- Honeywell International
- L3 Technologies
- RUAG
- Universal Avionics Systems
The market is fragmented with several vendors that specialize in a broad range of products and services. Key vendors have manufacturing and sales facilities across the globe. Vendors offer comparable flight recorder products as they must adhere to multiple regulations. Thus, to differentiate themselves, vendors resort to specific strategies. For instance, Curtiss-Wright offers multi-purpose flight recorders to facilitate cost savings. Honeywell promotes weight reduction as a key feature in its products.
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