Market Definition
Aviation Digital Storage refers to the record of conversations between pilot and air traffic control along with other the details such as operational behavior of various aircraft components, atmosphere, etc. Such data is generally stored in cockpit voice recorder (CVR), the flight data recorder (FDR), and the quick access recorder (QAR). However, flight data recorder (FDR) remains the key component. Flight Recorder is also known as black box and comprise of flight data recorder and cockpit voice recorder. The data collected by the flight data recorders and cockpit voice recorders are utilized in case of any accident for investigation purpose.
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. The Global Aviation Digital Storage market recorded substantial growth during 2017-2019 on account of the mandatory installation of storage equipment such as flight data recorders, the cockpit voice recorder, etc., to facilitate investigation in case of an accident. In 2019, a Lion Air jet’s cockpit voice recorder was found, which crashed into the Java Sea 2018.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 2.5% |
| Regions Covered | North America: The US, Canada, Mexico |
| Europe: Germany, The UK, France, Russia, Spain | |
| Asia-Pacific: China, Japan, India, South Korea, | |
| South America: Brazil | |
| Middle East & Africa: Israel, Saudi Arabia, South Africa, UAE, | |
| Key Companies Profiled |
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 |
| Unit Denominations | USD Million/Billion |
Moreover, the missing cockpit voice recorder of Airbus A320 aircraft was found in 2020, which was a vital information provider for the evidence. Additionally, military aircraft purchases around the world have increased due to rapidly changing geopolitics, security concerns, and a growing demand to purchase combat, transport, and surveillance aircraft. Besides, Asia-Pacific, the Middle East, and North America have been the major spenders in the segment. Hence, the rising orders for military aircraft across the globe have positively impacted the requirement for digital storage devices. The market experienced a decline in 2020 on account of the outbreak of COVID-19, which led to delays & cancellation of aircraft orders and a reduction in the fleet. Besides, the implementation of travel restrictions around the globe led to several companies cutting the demand for new aircraft.
Impact of COVID-19 on Global Aviation Digital Storage Market
During 2020, the outbreak of the COVID-19 pandemic has caused a steep plunge in the Global Aviation Digital Storage market due to the international as well as domestic travel restrictions imposed by several countries worldwide. As a result of travel restrictions, the leading aircraft manufacturers such as Airbus, Boeing, etc., have reduced their production rate of commercial aircraft. In 2020, Airbus reported that it reduced commercial aviation production by 40%. Additionally, Airbus has reduced the production rate of its A320 passenger aircraft from April 2020, as it was 60 in 2019 and was cut off to 40 in 2020. Further, the company has reported a total of 115 aircraft orders cancellations in 2020. In light of the low production rate of commercial aircraft, sales of flight data recorders & cockpit voice recorders have drastically declined, adversely affecting the Global Digital Aviation Storage market.
However, despite the COVID-19 pandemic, the demand for flight data recorders have been constant by the military aircrafts such as fighter jets, combat helicopters, attack helicopters, etc., worldwide, owing to the burgeoning defense expenditure on military aircraft by the countries such as India, China, the US, Spain, Germany, etc.
Market Segmentation
By Aircraft Type
The military aircraft attained a dominant share in the Aviation Digital Storage market during the historical period. The exponential progress of the segment is majorly dependent on the factors such as the growing requirement for the replacement of obsolete fighter jets with technologically advanced fighter aircraft, as well as the rising defense budget by the governments, which had proliferated the demand for the procurement of new military aircraft. In 2019, as per SIPRI, the US government released a USD731.75 billion budget for its defense sector, which was 7.22% high as compared to the previous years. Thus, the rising defense budget led the government of various countries such as the US, Canada, India, Finland, etc., to procure more aircraft & reinforce their military fleets. These dynamics have further influenced the Aviation Digital Storage market in order to capture the flight data to be used for investigation purposes, in case of any mishappenings. For instance:
Moreover, an increase in military engagements, owing to the presence of significant political conflicts & territorial disparities among the countries, has positively contributed to the demand for military aircraft. Hence, various countries are involved in acquiring foreign military aircraft to strengthen their defense sector.
By Equipment Type
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. For instance:
Regional Landscape
The North America Aviation Digital Storage market accounted a considerable growth during 2017-21. The market growth is attributed to the growing technological advancements such as the deployment of next-generation navigation systems, radar, etc., in both military & commercial aircraft, as a means to provide better communication between on-ground stations & off-ground aircraft. Consequently, this urged the need to occupy aircraft with advanced data storage systems to manage the recorded data derived from voice recordings & other information loads and provide greater processing & recording power & security. In addition, the rise in the number of aircraft incidents across the world led to increased demand for advanced digital storage equipment to be installed in passenger aircraft, to support the regulatory bodies of investigation. For instance:
Key Trends in the Market
Integration of Cloud Computing Technology in Digital Storage Devices
The increasing adoption of cloud computing technology in an aircraft storage device for maintaining & storing complex data has shown significant growth during the historical period. Moreover, cloud computing utilizes a patented algorithm to automate the functionality of flight data recorders & to meet the civil aviation regulatory performance. Integration of the cloud in digital storage devices provides a better & assured way of keeping flight data records in the case of an emergency where the data needs to be retrieved.
Furthermore, the integration of cloud computing also supports checking the status of the black box for investigation purposes after the accident. Hence, the continuous adoption of cloud computing technology for data storage in aircraft is expected to show an upward inclination for aviation digital storage devices during the forecast period. Therefore, several companies have invested in advanced technology & introduced new products to strengthen their position in the market.
Market Dynamics
Key Drivers
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.
Possible Restraint
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.
Recent Developments by Leading Companies
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Aviation Digital Storage Market is projected to grow at a CAGR of around 2.5% during 2022-27.
A. Flight Data Recorder is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Aviation Digital Storage Market during 2022-27.
A. Autonomous Military Aircrafts and Rising Demand for Military Aircraft across the globe are expected to present massive opportunities to the companies involved in Aviation Digital Storage Market
