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Flight Data Recording (FDR) Market Size

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

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Flight Data Recording Market Size

Flight Data Recording Market size was valued at USD 3.2 billion in 2023 and is projected to grow at a CAGR of over 4% between 2024 and 2032, due to increasing demand as regulatory bodies increasingly authorize and approve black boxes. Leading aviation companies adhere to stringent safety standards, necessitating reliable FDRs to capture critical flight data. Regulatory approvals ensure compliance with safety protocols, fostering trust in these recording systems.

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In February 2023, HAL revealed securing Indian Technical Standard Order (ITSO) approval from the Directorate General of Civil Aviation for their proprietary Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR). Emphasizing ITSO as a customized performance standard for aircraft components, HAL, based in Bengaluru, highlighted the significance of these devices commonly recognized as 'black boxes.' With a focus on improving aviation safety, such endorsements drive market demand for cutting-edge FDRs, empowering leading companies to enhance flight data monitoring and analysis for improved safety measures.

Flight Data Recording Market Report Attributes
Report Attribute	Details
Base Year:	2023
Flight Data Recording Market Size in 2023:	USD 3.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4%
2032 Value Projection:	USD 4.8 Billion
Historical Data for:	2018 - 2023
No. of Pages:	250
Tables, Charts & Figures:	273
Segments covered:	Component, Function, and End-use
Growth Drivers:	High Focus on Aviation Safety Regulations High Rise in Aircrafts Focus on Advancements in Technology Emergence of Low-Cost Carriers
Pitfalls & Challenges:	Data Privacy and Security Concern Stringent Regulatory Compliance

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Heightened demand due to rising innovations plays a key role in shaping the flight data recorder market outlook. Technological advancements lead to the development of more advanced FDRs with improved storage capacity, data accuracy, and real-time monitoring capabilities. Enhanced features like digital recording, increased sensor precision, and connectivity drive demand as aviation stakeholders seek more comprehensive and reliable data collection and analysis tools.

The flight data recorder (FDR) market faces constraints amidst its growth, challenges include high costs of development and installation, especially for smaller aircraft operators. Compatibility issues with older aircraft models hinder upgrades. Regulatory barriers and data privacy concerns also impact market accessibility and innovation within the sector.

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.