The Global Aviation Digital Storage Market size is projected to grow at a CAGR of around 2.5% during the forecast period, 2022-27. According to MarkNtel Advisors Study.
Global Aviation Digital Storage Market Driver:
Rising Investment in Aircraft Manufacturing: The rising investment for manufacturing of aircraft & the expansion of aircraft manufacturers across the countries such as the US, France, the UK, India, etc., have boosted the market for aviation digital storage. The growth of aircraft manufacturing is driven by the rising demand in the countries such as the US, Italy, Russia, the UAE, etc., for air travel & delivery of goods around the world. For instance, according to the US Department of Transportation’s Bureau of Transportation Statistics, the total number of air travel in 2017 was 965 million, which increased to 1,052 million in 2019.
Furthermore, to cater to the increased demand for air travel there was an increase in the manufacturing of new commercial aircraft. Hence, it further fuels the demand for data storage equipment in commercial, passenger, and cargo jets with mandatory installation of data storage equipment to facilitate investigation in case of an accident. In addition, there have been continuous investments of companies such as Embraer, Airbus, etc., for the production of aircraft is expected to show significant growth for the aviation digital storage market during the forecast period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Aviation Digital Storage Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Equipment Type
- Flight Data Recorder (FDR)
- Cockpit Voice Recorder (CVR)
- Cockpit Voice & Data Recorder
- Data Transfer Units
- Quick Access Recorder
- By Aircraft Type
- Commercial
- Passenger Aircrafts
- Cargo Jets
- Helicopters
- Military Aircrafts
- Fighter Jets
- Cargo Jets
- Helicopters
- Others (Drones, Special Mission Aircraft)
- Commercial
- By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Curtiss-Wright Corporation, Collins Aerospace, L3Harris Technologies, Inc., Honeywell International Inc., Leonardo DRS, GE Aviation, Elbit Systems, Safran S.A., Niron Systems & Projects, ACR Electronics Inc., Aviatech LLC, Others are looking forward to strengthening their market positions.
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