Market Overview: Aviation Digital Storage Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Aviation Digital Storage Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Aviation Digital Storage Market Insights 2022-27
The Aviation Digital Storage Market is estimated to grow at a CAGR of around 2.5% during the forecast period 2022-27.
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Driving Innovation: Exploring the Aviation Digital Storage Market and its Key Drivers
Key Drivers – 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.
Top Players in the 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
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Segmentation Analysis of Aviation Digital Storage Market
Aviation Digital Storage Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Equipment Type
-Flight Data Recorder (FDR)
-Cockpit Voice Recorder (CVR)
-Cockpit Voice & Data Recorder
-Data Transfer Units
-Quick Access Recorder
By Aircraft Type
-Commercial
–Passenger Aircrafts
–Cargo Jets
–Helicopters
-Military Aircrafts
–Fighter Jets
–Cargo Jets
–Helicopters
–Others (Drones, Special Mission Aircraft)
- The military aircraft attained a dominant share in the Aviation Digital Storage market during the historical period.
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A Comprehensive Geographical Analysis:
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.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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