Global Flight Data Monitoring Market: Key Highlights
Global Flight Data Monitoring Market: Key Market Dynamics
Global Flight Data Monitoring Market: Regional Overview
The Asia-Pacific region is set to register robust long term growth in the commercial aviation space. Aviation is expected to grow robustly over the next couple of decades. Hence, increasing growth in the commercial aviation coupled with the growing emphasis on reduction of unscheduled maintenance of aircraft and overall aviation safety is expected to drive the flight data monitoring market significantly in the Asia–Pacific region.
The European flight data monitoring market is expected to grow due to a rise in air traffic. According to the European commission, air traffic in the European region is forecasted to grow by 3.7% annually. In addition to this the market is growing due to rise in aircraft deliveries. As per report published by Japan Aircraft Development Corporation, demand for new passenger jet would be high in Europe, accounting for 22% of global market by end of 2038.
Global Flight Data Monitoring Market: Key Players Overview
Curtiss-Wright Corporation is a US based company that provides solutions and services to the petrochemical, metalworking, agricultural equipment, shipbuilding, oil, automotive, rescue, fire, and aerospace industries. The company is mainly focused on advanced technologies which can provide reliability and an increase in safety. The company Curtiss-Wright, manufactures several products that can meet the application requirements. The company provides solutions in cost, system, motion control, and aerospace instruments. The product range also includes data acquisition flight recorder (DAFR) and Acra KAM-500.
Safran S.A. company produces and distributes critical products for defense, security, and aerospace sectors. The company offers flight data monitoring service which helps operators and airlines to utilize the data regarding the flight. It also delivers solutions with complete analysis along with reports and statistics to identify high-risk events. In addition to this, the company provides support and services in customers, avionics, and defense.
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