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Market Overview of Global Quick Access Recorder market:
According to our latest research, the global Quick Access Recorder market looks promising in the next 5 years. As of 2022, the global Quick Access Recorder market was estimated at USD 79.69 million, and it's anticipated to reach USD 112.12 million in 2028, with a CAGR of 5.86% during the forecast years.
Influence of COVID-19 Outbreak on Quick Access Recorder Industry Development
After the global outbreak of the new crown epidemic in 2020, the number of confirmed cases continued to rise, and the number of deaths continued to increase. To effectively control the new crown pneumonia epidemic, the World Health Organization (WHO) has called for the minimization of crowd gatherings. Many countries and regions around the world have taken various measures to control the flow of people, which directly led to a significant reduction in travel and business activities. The COVID-19 epidemic has had a huge impact on the global air transport industry and continued to transmit pressure on airlines, major manufacturers, industrial chains, airports, and service companies. It is impossible to predict how long this effect will last. Airlines and aircraft leasing companies adjusted aircraft introduction plans reduced capital expenditures and continued to strengthen risk control and cash flow management. This also affects the need for Quick Access Recorders (QAR) to some extent. In 2021, the economies of various countries will start to recover. With the widespread use of vaccines and the relaxation of travel restrictions on international travel, the global aviation industry will begin to recover. The regions leading the recovery are North America and Europe, and the Asia-Pacific region is also gradually relaxing restrictions. Hence, the demand for Quick Access Recorders (QAR) is expected to pick up.
Market Driving Factors of Quick Access Recorder
QAR is one of the most important pieces of equipment in-flight data recording. It not only records the operating conditions of the equipment on the aircraft but also has an accurate record of the pilot's operating methods. It was once highly valued by aviation operators, and it has also become one of the key considerations for aircraft maintenance and operation. Airlines elect to install quick access recorders (QAR) in their fleets to enable routine monitoring of aircraft systems and flight crew performance. The QAR is installed in an easily accessible location, such as the avionics bay, whereas the FDR (Flight Data Recorder) and CVR (Cockpit Voice Recorder) are often located in a difficult-to-access location like the tail of the aircraft. Unlike the CVR and FDR, the QAR is not required to be installed by regulation. The parameters recorded by the QAR can be configured by the airline or they can be the same as the parameters recorded on the FDR. Unlike the CVR and FDR, QARs can be downloaded easily and do not require specialist equipment.
Market Restraints Factors of Quick Access Recorder
First, raw material prices fluctuate. Affected by the global COVID-19 epidemic, some areas have stopped work and production, workers have been quarantined at home, logistics have been interrupted, shipping costs have soared, and the raw material shortage of Quick Access Recorder (QAR) has risen, and raw material prices have risen. Second, the manufacturing of the Quick Access Recorder (QAR) was affected and the transportation of goods was hindered. In addition, the COVID-19 restrictions on travel have negatively impacted the global air transport industry, affecting the demand for Quick Access Recorders (QAR) to a certain extent.
Market Trends Factors of Quick Access Recorder
Due to the increasing demand for real-time data transmission, aircraft manufacturers are also constantly researching advanced technologies. Real-time data transmission utilizes the Internet of Things (IoT) and other computing languages to help recorders transmit recorded data. It is expected that in the future, the technology of quick-access recorders will develop more and more blocks.
At the same time, QAR manufacturers are working to provide airlines with more cost-effective equipment that facilitates connectivity, reduces size and weight, and can save thousands of pounds of fuel over the life of the aircraft. This is not only financially advantageous but also environmentally responsible.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
L3 technologies is one of the major players operating in the Quick Access Recorder market, holding a share of 20.06% in 2022.
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains.
Collins Aerospace specializes in aerostructures, avionics, interiors, mechanical systems, mission systems, and power and control systems that serve customers across the commercial, regional, business aviation, and military sectors.
Segmentation Overview:
Among different product types, Flash Card segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Aerospace segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Quick Access Recorder market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Quick Access Recorder Market Report:
Market Size Estimates: Quick Access Recorder market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Quick Access Recorder market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Quick Access Recorder market
Segment Market Analysis: Quick Access Recorder market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Quick Access Recorder market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Quick Access Recorder Market: Revenue and sales volume of major countries in each region
Quick Access Recorder Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Quick Access Recorder market in major regions.
Quick Access Recorder Industry Value Chain: Quick Access Recorder market raw materials & suppliers, manufacturing process, distributors, downstream customers
Quick Access Recorder Industry News, Policies & Regulations
Key players in the global Quick Access Recorder market are covered in Chapter 12:
L3 technologies
Astronics Corporation
Avionica
Safran
Intelsat
Kenure Developments Ltd.
ATM PP Ltd.
Curtiss-Wright
United Technologies Corporation
Aeronautical Accessories
RUAG
In Chapter 2 and Chapter 15.1, based on types, the Quick Access Recorder market from 2018 to 2028 is primarily split into:
Flash Card
USB
Cellular
In Chapter 3 and Chapter 15.2, based on applications, the Quick Access Recorder market from 2018 to 2028 covers:
Military
Aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Quick Access Recorder market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028