Global aerospace data recorder market growth expected to be driven by increasing awareness about the aerospace data recorder for security and safety

The global aerospace data recorder market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising air passenger traffic, the subsequent demand for more aircraft and need to manage the increasing air traffic, and is a major factor boosting growth of global aerospace data recorder market. On the other hand, lack of awareness about the aerospace data recorder in various emerging countries is expected to hamper growth of the global aerospace data recorder market.

The global aerospace data recorder market report has been segmented on the basis of product type, technology, and region. On the basis of technology, the global aerospace data recorder market is segmented into flash card, cloud computing and solid state. The solid state segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. The cloud computing segment is projected to witness moderate growth over the forecast period.

On the basis of region, the global data recorder market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to growing acceptance of the data recorders in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to huge investment on R&D for innovative technologies in the region. In addition, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global animation software market include Honeywell Aerospace, L-3 Communications Avionics Systems, Inc. AstroNova, Inc. Teledyne Technologies Incorporated, FLYHT Aerospace Solutions, RUAG Group, DRS Technologies, Inc. Universal Avionics Systems Corporation, Curtiss-Wright Defense Solutions.

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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