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Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Strategic Business Report

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    Report

  • 243 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804247

Global Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market to Reach $202.6 Billion by 2030

The global market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB estimated at US$170.4 Billion in the year 2023, is projected to reach a revised size of US$202.6 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2023-2030. Commercial Application, one of the segments analyzed in the report, is expected to record 2.3% CAGR and reach US$88 Billion by the end of the analysis period. Growth in the UAV Application segment is estimated at 2.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $50.1 Billion, While China is Forecast to Grow at 2.1% CAGR

The Cockpit Voice Recorder (CVR), FDR, TPL, and DRB market in the U.S. is estimated at US$50.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$36.2 Billion by the year 2030 trailing a CAGR of 2.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 1.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Report Features

  • Full access to influencer engagement stats
  • Access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 43 Featured) -

  • ACR Electronics, Inc. (Artex)
  • Curtiss-Wright Corporation (CWC)
  • Dac International, Inc.
  • Honeywell International, Inc.
  • Hr Smith Group
  • L-3 Communications Holdings, Inc.
  • Teledyne Technologies, Inc.
  • Universal Avionics System Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB: A Prelude
  • Recent Surge in Aviation Industry Accidents, Crashes and Safety Incidents Throw Light on the Significance of Data Recorders in Identifying and Mitigating Risks
  • Accident Rate in Commercial Flights Worldwide: Number of Accidents Per Million Departures for the Years 2010 through 2018
  • Flight Safety in Commercial Aviation Industry: Number of Annual Flights, Total Accidents, Fatal Accidents and Deaths Worldwide for the Years 2013 through 2018
  • Competition
  • US Cockpit Voice and Flight Data Recorder: Percentage Breakdown of Revenue by Leading Players for 2019E
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Persistent Increase in Commercial Aircraft Deliveries amidst Rising Passenger Traffic Fuels Data Recorders Market
  • Growth of Aircraft Fleet: Number of Aircrafts Worldwide in 2018 and 2037
  • Number of New Commercial Aircraft Deliveries by Size for the Period 2018-2037
  • Rising Demand for Air Travel and Robust Increase in Air Passenger Traffic
  • Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040
  • Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019
  • Growing Worldwide Air Passenger Traffic: Number of Scheduled Passengers Boarded in Millions by Airlines for the Period 2004-2019
  • Aircraft Data Recorder Market: An Overview
  • Aviation Industry Focuses on Development of Next-Generation CVRs and FDRs with Longer CVR Record Durations
  • Failure to Retrieve Black Boxes in Certain Air Crashes Drives Focus onto the Need for Real-time Data Streaming in Data Recorders
  • A List of Unrecovered Flight Data Recorders of Airplanes
  • EjecTable Floating Data Recorders: A Solution to Ensure Recovery of Recorders during Crashes
  • Airbus to Deploy Ejectable, Floating Black Boxes in Long-Haul Aircrafts
  • Aviation Sector Focuses on Weight Savings in Crash Recorders
  • HENSOLDT Introduces Lightweight Flight Data Recorder for Business Jets, UAVs and Small Helicopters
  • Curtiss-Wright Fortress™ Recorder: Lightweight Data Recorder Ensures Cost Savings
  • Strong Growth Forecast for Military Aircrafts Augurs Well for CVR and FDR Market
  • Global Military Aircrafts Market: Demand for Tactical and Strategic Aircrafts for the Years 2017, 2019, 2021, 2023 and 2025
  • Difficulties in Locating Crashed MH370 Aircraft Brings Forth Focus on Adaptive and Longer-life Pingers
  • Distress Radio Beacon Market: Driven by Growing Safety Needs of Aviation Sector
  • Innovations & Advancements
  • Technology Evolution of FDRs: Potential Opportunities in Preventive Maintenance
  • Honeywell and Curtiss-Wright Use Inflight Connectivity to Reinvent CVR and FDR
  • Airbus Unveils New Fixed and Deployable Flight Recorders
  • Orolia Introduces Galileo-Enabled Personal Location Beacons
  • Regulations
  • Against the Backdrop of Recent Aviation Safety Incidents, NTSB Seeks Extension of Cockpit Voice Recorder Duration to 25 Hours
  • EASA Mandates Installation of Upgraded CVR and ULD Equipment
  • Canada Amends Aviation Regulations Related to Flight Data Recorder and Cockpit Voice Recorder
  • NPA 2018-03 Seeks to Improve Quality of FDRs for Better Support to Accident Investigations
  • GADSS Leads to Implementation of Global Flight Tracking Standards
  • PRODUCT OVERVIEW
  • Cockpit Voice Recorder (CVR)
  • Flight Data Recorder (FDR)
  • Towed Pinger Locator (TPL)
  • Distress Radio Beacons (DRB)
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Military by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for UAV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for UAV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for UAV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 15: USA Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: USA 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: Canada Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: Canada 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
JAPAN
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Japan Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: Japan 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
CHINA
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: China Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: China 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
EUROPE
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 26: Europe Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: Europe 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 29: Europe Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: Europe 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
FRANCE
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: France Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: France 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
GERMANY
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: Germany Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: Germany 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Italy Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: Italy 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
UNITED KINGDOM
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: UK Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: UK 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
REST OF EUROPE
  • Table 44: Rest of Europe Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Rest of Europe Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 46: Rest of Europe 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
ASIA-PACIFIC
  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 47: Asia-Pacific Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: Asia-Pacific Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: Asia-Pacific 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
REST OF WORLD
  • Table 50: Rest of World Recent Past, Current & Future Analysis for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Rest of World Historic Review for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Commercial, UAV and Military Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 52: Rest of World 16-Year Perspective for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB by Application - Percentage Breakdown of Value Sales for Commercial, UAV and Military for the Years 2014, 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ACR Electronics, Inc. (Artex)
  • Curtiss-Wright Corporation (CWC)
  • Dac International, Inc.
  • Honeywell International, Inc.
  • Hr Smith Group
  • L-3 Communications Holdings, Inc.
  • Teledyne Technologies, Inc.
  • Universal Avionics System Corporation

Table Information