Aviation Digital Storage Market Overview: 2022-28

Base Year: 2021

Historical Years: 2017-20

Forecast Years: 2022-27

The Aviation Digital Storage Market market is projected to grow at a CAGR of around 2.5% during the forecast period, 2022-27. The Global Aviation Digital Storage market recorded substantial growth during 2017-2019 on account of the mandatory installation of storage equipment such as flight data recorders, the cockpit voice recorder, etc., to facilitate investigation in case of an accident. In 2019, a Lion Air jet’s cockpit voice recorder was found, which crashed into the Java Sea 2018. 

Markntel Advisor’s Aviation Digital Storage Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Aviation Digital Storage Market drivers, barriers, Aviation Digital Storage Market Trends, and Key Players in Aviation Digital Storage Market.

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Aviation Digital Storage Market Dynamics: 2022-27

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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Aviation Digital Storage Market (2022-27): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Aircraft Type

o   Commercial

§  Passenger Aircrafts

§  Cargo Jets

§  Helicopters

o   Military Aircrafts

§  Fighter Jets

§  Cargo Jets

§  Helicopters

§  Others (Drones, Special Mission Aircraft)

According to report, The military aircraft attained a dominant share in the Aviation Digital Storage market during the historical period.

·       By Equipment Type

o   Flight Data Recorder (FDR)

o   Cockpit Voice Recorder (CVR)

o   Cockpit Voice & Data Recorder

o   Data Transfer Units

o   Quick Access Recorder

According to report, The high requirement for flight recorders, which comprise flight data recorders & cockpit voice recorders by the government agencies to analyze aircraft crashes, has been one of the key growth drivers for the flight data recorder market.

·       By Region

o   North America

o   South America

o   Europe

o   Middle East and Africa

o   Asia-Pacific

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Top Companies Operating in the Aviation Digital Storage Market:

  • 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

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