Chicago, IL -- (SBWIRE) -- 08/24/2017 -- Flight data recorders are electronic devices that collect and a record all the electronic signals exchanged during the flight operation, and records the conversation between pilot and the co-pilot. This information is helpful during air crash investigation to understand the reasons that led to airplane crash. Over the years, increasing air traffic is leading to increase in the number of aircrafts and the aerospace companies are looking for aircrafts that are integrated with the latest technologies. This trend is creating new growth opportunities for the aerospace data recorder market. This report studies the current and future aspects of the aerospace data recorder market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the aerospace data recorder market. The scope of this report covers the aerospace data recorder market by its major segments, which include the types, applications, and the major geographic regions.

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The aerospace data recorder market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the aerospace data recorder market. Extensive research and development activities that are carried out to manufacture technologically tough data recorders is promoting the market growth in this region. Next in line is the Europe region, which is witnessing rapid market growth during the forecasted period. The Asia-Pacific region is also gaining pace in aerospace data recorder market due to increase in air traffic in countries like China, India, Korea and so on.

MARKET SEGMENTATION

This report analyzes the aerospace data recorder market by the following segments:

Aerospace Data Recorder Market, by Components

1. Cockpit Voice Recorder
2. Flight Data Recorder
3. Quick Access Recorder
4. Data Logger

Aerospace Data Recorder Market, by Application

1. Commercial
2. Defense

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