Rising Number of Commercial Aircrafts Across the Globe is Estimated to Boost the Market for Aerospace Data Recorders in the future

(I-TravelNewswire.Com, February 26, 2019 ) This factor is helping the aerospace data recorder manufacturers to invest substantial amounts in the research and development to develop advanced aerospace data recorders and deliver the same to the aircraft manufacturers. In 2016, the commercial passenger traffic across the globe rose by 6.5% as compared to 2015 and it is estimated by International Air Transport Association that, the commercial aviation sector will further grow in future.

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Another prominent factor catalyzing the growth of the market is the demand for modernization of aircrafts in both commercial and military sectors. The modernization of aircrafts includes new engines, modern digital communication systems, technologically enhanced landing gears and brakes, advanced armaments and navigation flight systems, inflight entertainment systems, and data recorders among others. The modernization of aircrafts is for the data recorder manufacturers as the new data recorders are smaller, more reliable, faster, high capacity to store data, more accurate, as well as lightweight. These benefits of new data recorders increase the interest among the defense forces and commercial airliners to modernize the data acquisition systems in order to ease the investigation process. Thus, the modernization of aircrafts, helicopters, and unmanned aerial vehicles catalyzes the growth of aerospace data recorders.
Owing to the fact that, the global air traffic is growing exponentially, the fixed wing aircraft manufactures and rotary wing manufacturers, are demanding for cutting edge technology in order to gather accurate information and from the aircraft. This led the aerospace data recorder manufacturers to integrate the data recorders with enhanced sensors, advanced technologies and sophisticated electronics, to meet the demand of aircraft manufacturers. The integration of such technologies increases the cost of final product, which in turn is hindering the growth of the market.

Currently, the aerospace data recorder market is witnessing a steep growth rate which is expected to become sluggish in the future. This is due to fact that, the global air traffic has increased exponentially over the past decades, and various commercial airlines and defense forces are conducting aircraft modernization practices in order to equip their aircrafts with latest technologies. The manufacturers of aerospace data recorders are partnering with aircraft manufacturers to deliver them the newly developed data and voice recorders, which is helping the market to grow over the years. Moreover, the data and voice recorder manufacturers are proposing their products to the commercial airlines and defense forces so as to upgrade the traditional data and voice recorders with the new ones or to retrofit them. This factor is also influencing the market for aerospace data recorders to surge during the forecast period.

Major market initiatives in the market for aerospace data recorders were observed in the North America region. Europe region is another region where aerospace data recorders market has flourished over the years. The manufacturers in North America are constantly focusing on innovations and developments so as to mitigate the factors restraining the smooth operations of the recorders. Government regulations on specifications of data and voice recorders have propelled manufacturers to integrate robust technologies to manufacture the instruments. The market for aerospace data recorders is consolidated as there are many established players operating in the field as well as many emerging companies are starting to operate in the industry.

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