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Flight Data Recording (FDR) Market Trends

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

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Flight Data Recording Market Trends

The flight data recorder industry experiences trends favoring extended recording times for black boxes, facilitating comprehensive incident analysis. Proposals advocating for increased data storage durations beyond standard requirements aim to capture more flight information, aiding in thorough incident investigations. In December 2023, The Federal Aviation Administration (FAA) suggested an expansion of cockpit voice-recording mandates for newly produced aircraft, proposing an increase in hours. FAA Administrator Mike Whitaker stated that this rule amendment aims to enhance incident analysis by gathering more comprehensive data, aiding in preventive measures.

Authors: Preeti Wadhwani

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.