The global Cockpit Voice and Flight Data Recorder market was valued at 288.65 Million USD in 2020 and will grow with a CAGR of 3.34% from 2020 to 2027, based on Our Researcher newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Cockpit voice recorders (CVRs) and flight data recorder (FDRs) are devices that are installed in aircraft to record the environment in the flight deck for investigation of accidents and incidents. FDR preserves the recent history of a flight by recording multiple parameters, which are collected several times per second. CVR is used to record the recent history of the sounds in the cockpit, including the conversation of pilots.Major manufacturers in the industry include L3 Technologies, Honeywell International and Curtiss-Wright, whose revenue share in 2019 is 29.88%, 22.59% and 15.80% respectively. By region, North America has the highest market share, reaching 46.02% in 2019.
By Market Verdors:
Flight Data Recorder (FDR)
Cockpit Voice Recorder (CVR)
Combined Voice and Flight Data Recorder (CVFDR)
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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