Aviation Digital Storage Market Overview and Insights:
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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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-2027
What are the major challenges facing the Aviation Digital Storage Market?
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.
Who are the Key Players Operating in the Aviation Digital Storage 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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What is Included in Aviation Digital Storage Market Segmentation?
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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Frequently Asked Questions (FAQs)-
- 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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