Home > Aerospace & Defense > Aviation Technology > Flight Data Recording (FDR) Market

Flight Data Recording (FDR) Market Share

Report ID: GMI7758
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Flight Data Recording Market Share

Raytheon Technologies Corporation holds the largest revenue share in the market, a prominent aerospace and defense company, is known for its diversified portfolio, which includes avionics systems and technology. To assert market leadership in the FDR sector, a company would typically need a combination of factors such as advanced technological solutions, reliability, adherence to industry standards, and strong partnerships with aircraft manufacturers and operators.

Flight Data Recording Market Companies

The major enterprises dominating the competitive landscape of the flight data recording (FDR) industry include:

Elbit Systems Ltd
GENERAL ELECTRIC
Honeywell International Inc
HR Smith Group of Companies
L3Harris Technologies
Raytheon Technologies Corporation
Safran

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of flight data recording reached USD 3.2 billion in 2023 and is set to observe 4% CAGR between 2024 and 2032, due to the increasing demand as regulatory bodies authorize and approve black boxes.

The civil & commercial aviation segment accounted for market share of around 60% in 2023, driven by the mandatory safety compliance and FDRs that capture vital flight parameters, aiding in accident investigations and safety enhancements.

North America market size is poised to grow through 2032, owing to the increasing environmental awareness and stringent emission regulations, along with the emphasis on data-driven safety standards for aviation sector.

Elbit Systems Ltd., GENERAL ELECTRIC, Honeywell International Inc., HR Smith Group of Companies, L3Harris Technologies, Raytheon Technologies Corporation, and Safran.