Aviation Digital Storage Market Forecast 2027: Key Players & Emerging Trends

 


Aviation Digital Storage Market Size & 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 Aviation Digital Storage Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Aviation Digital Storage. 

What are the Key DROs in the Aviation Digital Storage Market?

Rising Investment in Aircraft Manufacturing - 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.

What are the Key Segments in the Aviation Digital Storage Market?

The Aviation Digital Storage is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-By Aircraft Type

  • Commercial
  • Military Aircrafts

The military aircraft attained a dominant share in the Aviation Digital Storage market during the historical period.

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-By Equipment Type

  • Flight Data Recorder (FDR)
  • Cockpit Voice Recorder (CVR)
  • Data Transfer Units
  • Quick Access Recorder
  • Cockpit Voice & Data 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.

How does geographical analysis highlight in the Europe Tire market?

-By Region

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

The North America Aviation Digital Storage market accounted a considerable growth during 2017-21.

Who are the Key Players in Aviation Digital Storage Market?

  • 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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Recent Developments by Leading Companies

In September 2021, Tata & Airbus collaborated & signed an agreement of USD2.9 billion with the central government to manufacture C-295 military aircraft in India. The manufacturing unit will be in Uttar Pradesh.

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