Dallas, TX -- (SBWIRE) -- 09/05/2014 -- The cockpit voice recorder and flight data recorder market is estimated to be at $136.74 million and is projected to register a CAGR of 3.22% to reach $166.08 million by 2020.

This report segments the cockpit voice recorder and flight data recorder market on the basis of technology, product, application, regions, and countries. Further, it contains revenue forecasts and analyzes technological trends that are predominant in this market. The geographical analysis contains an in-depth classification of the Americas, Europe, APAC, and the Middle East, covering major countries and their respective markets. The sections and sub-segments in the report cover market drivers, restraints, opportunities, challenges, and current trends will revolutionize the cockpit voice recorder and flight data recorder market.

Asia-Pacific (APAC) is expected to restore its technology platform in the future, to meet the changing demands of the stakeholders in this industry. The APAC region will grow significantly during the forecast period. One of the reasons for their growth is the military Keynesianism.

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Despite the economic downturn in the North American and European region, there will be a demand for these systems, owing to the technology advancements and strong R&D initiatives by major players in this region. The APAC countries will focus on growth and direct their region’s economies on a higher path for the long run.

The aerospace and defence companies face added pressure to improve productivity and respond to stringent government regulations, given the high levels of competition in the market.

The market will unlock the growth potential in avionics, as everything from flight control inputs, throttle movement, speed and altitude; to GPS location, engine RPM, oil pressure, and system warnings have been captured.International and domestic carriers will continue to demand more airplanes, owing toto improved technology and expansion in Asia. With newer airplanes, and more data voice recorders manufactured by the industry will be in higher demand.

A competitive landscape to identify key players and their market share has also been described in this report. Strategic profiling of key players of the cockpit voice recorder and flight data recordermarket, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.

The market will unlock the growth potential in avionics, as everything from flight control inputs, throttle movement, speed and altitude; to GPS location, engine RPM, oil pressure, and system warnings have been captured. International and domestic carriers will continue to demand more airplanes, owing to improved technology and expansion in Asia. With newer airplanes, and more data voice recorders manufactured by the industry will be in higher demand.

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A competitive landscape to identify key players and their market share has also been described in this report. Strategic profiling of key players of the cockpit voice recorder and flight data recordermarket, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.

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