Aviation Digital Storage Market May See a Big Move

MarkNtel Advisors has released a research report on the Aviation Digital Storage Market Size, Share, Analysis, Research, Report 2027. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Aviation Digital Storage Market Insights:

The Global Aviation Digital Storage market is projected to grow at a CAGR of around 2.5% during the forecast period, 2022-27.

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Key Drivers: 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.

Leading Companies Operating in the Aviation Digital Storage Industry:

-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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Aviation Digital Storage Market Categorization:

The Aviation Digital Storage Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

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)

By Region

-North America

-South America

-Europe

-Middle East and Africa

-Asia-Pacific

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Frequently Asked Questions (FAQs)

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