The cockpit voice recorder (CVR) and Flight data recorder (FDR) market is estimated to be at $136.74 million in 2014, and is expected to register a CAGR of 3.22% to reach $166.08 million in 2020. The growth regions include North America, Europe, and Asia-Pacific. China and Saudi-Arabia will show consistent growth in the black box industry.
The CVR and FDR markets have attracted huge interest and investments in R&D. Solid state technology is widely used in FDR. One major reason driving these markets is low procurement cost and high demand of security.
Distress Radio beacons and Towed pinger locators are designed to float in water to optimize signal received from satellites. Emergency Locator Transmitter ELTs are designed to activate on impact. The Civil Aviation safety authority (CASA) regulation requires most aircraft to carry an ELT. This is one of the major drivers for the distress radio beacon market.
Emergency Position Indicating Radio beacon (EPIRBs) should only be used when there is a sense of grave and imminent danger. In the event of an emergency, communication links should be established using radios, phones, and other signaling devices.
Cockpit Voice (Black Box), Towed Pinger Locator, Distress Radio Beacons, Flight Data Recorder Market by Application( Commercial, Military, UAVís) by Geography( North America, Latin America, The Middle East, APAC, And Europe)- Forecast and Analysis to 2014 - 2020
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