Quick Access Recorder Market Size, Share, Growth, and Industry Analysis, By Type (Flash Card, USB and Cloud Computing), By Application (Military, Aerospace, and Others),Regional Forecast To 2031

Updated On: 22 April 2024

Quick Access Recorder Market REPORT OVERVIEW

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global quick access recorder market size was USD  69.7 Million in 2021  and market is projected to touch 138.26 Million by 2031, exhibiting a CAGR of 7.09% during the forecast period.

A quick access recorder recording tool installed in the aircraft called a flight data recorder makes it easier to investigate aviation mishaps and accidents. In the international industry, the flight data recorder is also referred to as the erroneous black box. In an aircraft, two different types of flight recorders are installed; the first is a flight data recorder that records various parameters collected in the box to preserve the current history, and the second is a cockpit voice recorder that records the current data of the sounds in the cockpit as well as the pilots' conversations.

Additionally, different electronic and electric components that are divided up based on their type and function are needed for the data recording during flight. However, the recording equipment, the recording time, and the installation participation vary depending on the kind of aircraft. These various recording data kinds are utilized for a variety of defense, business, and personal purposes. The aviation and aircraft industries have been growing towards safety thanks to the flight data recorder business. The market for flight data recorders is also expected to develop as a result of programmers for modernizing aircraft. Additionally, it is predicted that a rise in situational alertness need will restrain the growth of the flight data recorder market. On the other side, the expansion of air travel, the increase in aircraft deliveries globally, and the uptake of cutting-edge commercial aviation technologies have been the main driving forces. However, the market has been growing more quickly thanks to increasing travel demand, supporting government legislation, and the use of UAVs.

COVID-19 Impact: Decline in Economy Due to Temporary Lockdowns

COVID-19 has spread despite ongoing quarantines, shelter-in-place restrictions, and other severe efforts. Leaders are concentrated on containing the infection and saving lives as the number of fatalities rises and the human toll rises. Efforts are also being made to lessen the terrible economic effects of COVID-19, which include firm closures, record unemployment, and unheard-of decreases in the global gross domestic product (GDP). The demand for key semiconductor end applications has changed as a result of COVID-19, and one of the many industries that has historically been a significant source of high-tech employment has had to adapt its production planning and operations.

LATEST TRENDS

"Requirement for Overseas Deliveries to Augment Market Growth"

Worldwide need for overseas deliveries is growing, which has increased demand for air delivery. To plan the ideal distribution system, it has been important to frequently monitor the flights. The aircraft industry now has a need for data recorders as a result of this. As a result, one of the key reasons projected to propel the flight data recorder market is the rise in aircraft deliveries globally. the requirement for the support of several business operations by the global aviation sector. A large amount of traffic will be generated for the sector as a result of the growth in aircraft numbers. In order to prevent accidents, proper monitoring and scheduling systems for aeroplanes will be required. As a result, an increase in air traffic is anticipated to be the market's main growth driver.

Quick Access Recorder Market SEGMENTATION

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• By Type

Based on type market is classified as flash card, USB and cloud computing.

• By Application

Based on application market is classified as military, aerospace and others.

DRIVING FACTORS

"Broad Use in Both Public and Commercial Aircraft to Propel Market Growth"

Due to its broad use in both public and commercial aircraft, the quick access recorder device's global demand is undergoing a paradigm shift. Data recorders are being used more frequently in the aviation industry as a result of the growing requirement to streamline operations and raise safety standards. To ensure adherence to numerous rules regarding aircraft flight operations and maintenance schedules, regulatory organisations including those in the U.S., Canada, European Union (EU), Japan, Australia, and New Zealand (JAA), among others, frequently employ the devices. Over the forecast period, it is anticipated that rising air travel between these regions will support product demand.

"Flight Data Recorder to Provide Impetus to the Market"

A device called a flight data recorder is used to capture data about the flights, including airspeed, heading, altitude, and other parameters. It captures all pertinent information needed to conduct a thorough inquiry into any aviation accident or event. A flight data recorder's main job is to keep track of and document all critical flight events. They are also referred to as "black boxes" because of how well their colour blends into aeroplane interiors. Some aviation data recorders have a function called Quick retrieve Recorder that enables the recorder operator to retrieve specific records rapidly. When the recorder operator has to study a particular recording, this could be useful. A button on the recorder is normally pressed to activate this capability.

RESTRAINING FACTORS

"Government Regulations to Impede Market Growth"

In order to integrate quick access recorder, it is necessary to adhere to a number of laws and standards, including those set forth by the Federal Aviation Administration (FAA) and the International Civil Aviation Organisation (ICAO). To ensure compliance, extensive documentation and adherence to particular processes are required. These regulations have a cap on the amount of data that may be saved in FDRs, which is anticipated to be a key barrier to the market's expansion for flight data recorders.

Quick Access Recorder Market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Tight Aviation Safety Regulations"

According to projections, North America will hold a revenue share of the worldwide quick access recorder market. Numerous variables, including an increase in air travel, a rise in the need for aviation safety, and more government oversight of airline operations, might be blamed for the expansion. Due to tight aviation safety regulations and the growing use of digital cockpits by all regional airlines, Europe is predicted to overtake North America in market share throughout the projected period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market of players quick access recorder is making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• L3 technologies (U.S.)
• Curtiss-Wright (U.S.)
• ATM PP Ltd. (India)
• United Technologies Corporation (U.S.)
• Astronics Corporation (U.S.)
• RUAG (Switzerland)
• Avionica Market Players Profiled (U.S.)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.