Market Size of Aircraft Flight Recorder Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 112.17 Million |
| Market Size (2029) | USD 141.73 Million |
| CAGR (2024 - 2029) | 4.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Flight Recorder Market Analysis
The Aircraft Flight Recorder Market size is estimated at USD 112.17 million in 2024, and is expected to reach USD 141.73 million by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
The aircraft flight recorder market primarily depends on the demand for new aircraft. The COVID-19 pandemic severely affected the commercial aviation industry. The decreased demand from airlines resulted in reduced orders for new aircraft in the past years. Disruptions in supply chains witnessed in the second and third quarters of 2020 around the world have posed challenges to players in the market. The aviation industry is recovering, and procurement of new aircraft is being done on a large scale across regions. This is likely to generate demand for the entire aircraft supply chain, including the aircraft flight recorder.
The amendments in regulations for installing new flight recorders (underwater locating devices and aircraft localization) are being implemented by regulatory bodies like EASA and ICAO. As a result, several airlines are complying with new regulations. This is expected to propel investments by companies in new products aligning with these regulations and demand for new recorders from aircraft OEMs and operators.
