Aviation Digital Storage Market CAGR of 2.5% during the forecast period of 2022 to 2027
According to MarkNtel Advisors Report, the Global Aviation Digital Storage market is projected to grow at a CAGR of around 2.5% during the forecast period, 2022-27.
Aviation Digital Storage Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-2027
Advancement in the technologies such as the Industrial Internet of Things (IIoT) is expanding globally, which resulted in changing the aerospace manufacturing operations. The biggest challenge in the aerospace industry is to handle a massive amount of data that is coming during the flight. As the commercial jet produce nearly hundreds of gigabyte of data during the flight in around one minute, therefore, it is difficult to manage large amount of data coming during the flight.
In addition, digital storage devices must function properly in extreme weather conditions & be able to handle a large amount of data, and have the ability to operate from nearly -40°C to 85°C for prolonged time periods without any failure. But many aerospace manufacturers recognize flash memory data storage devices, as a product & purchase commercial off-the-shelf (COTS) parts that do not have a proper meet type, memory capacity, and can work under different weather conditions. Under harsh weather conditions, these data storage devices cannot manage workload which includes frequency of reading & writing large amounts of data, and different environmental conditions such as temperature and vibrations. These are the major factors that are responsible for the corruption of data during flight & reducing the life span of flash storage devices. Hence purchasing COTS is one of the major drawbacks in the aviation industry.
The top companies of the Aviation Digital Storage market ruling the industry are:
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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The report has segmented the market into the following categories:
By Equipment Type
Flight Data Recorder (FDR)
Cockpit Voice Recorder (CVR)
Cockpit Voice & Data Recorder
Data Transfer Units
Quick Access Recorder
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. Hence, the flight data recorder captured a considerable market share in the Global Aviation Digital Storage market during 2017-21. As a result, several companies have introduced new products offering upgrades & advanced features so that they can further strengthen their positions in the market.
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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What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
How has the Aviation Digital Storage industry been evolving in terms of geography & adoption?
Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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