DUBLIN, Sept. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Cockpit Voice (Black Box), Towed Pinger Locator, Distress Radio Beacons, Flight Data Recorder Market by Application by Geography- Forecast and Analysis 2014-2020" report to their offering.
The cockpit voice recorder and flight data recorder market is estimated to be at $136.74 million and is projected to register a CAGR of 3.22% to reach $166.08 million by 2020.
This report segments the cockpit voice recorder and flight data recorder market on the basis of technology, product, application, regions, and countries. Further, it contains revenue forecasts and analyzes technological trends that are predominant in this market. The geographical analysis contains an in-depth classification of the Americas, Europe, APAC, and the Middle East, covering major countries and their respective markets. The sections and sub-segments in the report cover market drivers, restraints, opportunities, challenges, and current trends will revolutionize the cockpit voice recorder and flight data recorder market.
Major players in this market include Universal Avionics, L-3 Aviation Recorders, Teledyne Controls, Honeywell Aerospace, and Techtest.
North America and Europe have been the biggest markets for CVR. In the recent economic scenario, defense budget cuts have cause turbulence in these markets. Emerging economies such as China and India look more attractive given the newer opportunities in the CVR and FDR market.
Key markets such as Russia, China, India, and Japan are expected to drive growth in the market. China remains a tough market to crack, owing to strict government regulations in the defense sector, indigenous programs, copyright issues with respect to military applications, and use of technology.
While designing a CVR unit, decisions must be made to map various parts of the information hierarchy to user actions. Mapping hierarchy information to CVR and FDR will be one of the major challenges of this market.
Factors such as pathway guidance, cognitive tunneling, and display integration will be imperative, and will significantly impact the growth of flight data recorder market during the forecast period.
The range of technologies available with respect to cockpit voice recorder and flight data recorder systems is increasingly diverse, and their rapid evolution drives their demand in the aerospace and defense space.
A competitive landscape with respect to identification of key players and their market share has also been described in detail in the report.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Trend Analysis
5 Global CVR & FDR Market
6 Global CVR & FDR, By Application
7 Geographic Analysis
8 Competitive Landscap
9 Company Profiles
- Curtis Wreight
- DAC International, Inc
- HR Smith Group
- Honeywell International Inc.
- L-3 Communication Holdings
- Pheonix International, Inc
- Teledyne Technologies.
- Universal Avionics System Corporation
For more information visit http://www.researchandmarkets.com/research/jdxflk/cockpit_voice
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SOURCE Research and Markets