Urology Surgical Market: Industry Research Report 2018-2025 Aerospace Data Recorders Market 2018-2025 | Page 2

Aerospace Data Recorders Market Publication Month: Oct 2017 | No. of Pages: 170 | Report Code: TIPTE100000694 | Category: Aerospace and Defense Introduction: Aerospace data recorders market is expectant to reach US$ 2379.5 million by 2025 as compared to US$ 1460.9 million in 2016, escalating at a CAGR of 5.8% during the forecast period from 2017 to 2025. The major factor influencing the Aerospace data recorders market growth is the rise in air traffic across the globe. The aviation industry is experiencing a huge growth in commercial aviation as well as military aviation as the demand for both has increased rapidly over the past decades. The increase in commercial aviation is attributed to the facts such as increase in disposable income in developed as well as few developing countries, decrease in flight tariffs, and demand for reduced travel time. The increase in military aviation is due to the transportation of military personnel, cargo, and ammunitions from one place to another among others. Owing to these factors, the market for aerospace data recorders is anticipated to grow, however, the high price of next generation data and voice recorders are hindering the market growth. The integration of high end sensors and other technologies into the recorders increases the price of the final products, which in turn jeopardizing the Aerospace data recorders market growth to certain extend. Get Research Sample here - http://www.theinsightpartners.com/sample/TIPTE100000694 E-Mail : [email protected]