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Cockpit Voice Recorder Global Market Report 2022: Difficulties in Locating Crashed MH370 Aircraft Brings Forth Focus on Adaptive and Longer-life Pingers

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Global Market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB

Global Market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB
Global Market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB

Dublin, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The "Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Strategic Business Report" report has been added to's offering.

Global Cockpit Voice Recorder (CVR), FDR, TPL, and DRB Market to Reach $202.6 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Cockpit Voice Recorder (CVR), FDR, TPL, and DRB estimated at US$165.6 Billion in the year 2022, is projected to reach a revised size of US$202.6 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach US$88 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the UAV segment is readjusted to a revised 2.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 2.4% CAGR

The Cockpit Voice Recorder (CVR), FDR, TPL, and DRB market in the U.S. is estimated at US$48.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$36.2 Billion by the year 2030 trailing a CAGR of 2.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Select Competitors (Total 43 Featured) -

  • ACR Electronics, Inc. (Artex)

  • Curtiss-Wright Corporation (CWC)

  • Dac International, Inc.

  • Honeywell International, Inc.

  • Hr Smith Group

  • L-3 Communications Holdings, Inc.

  • Teledyne Technologies, Inc.

  • Universal Avionics System Corporation

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$165.6 Billion

Forecasted Market Value (USD) by 2030

$202.6 Billion

Compound Annual Growth Rate


Regions Covered


Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Key Topics Covered:




  • Influencer Market Insights

  • World Market Trajectories

  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB: A Prelude

  • Recent Surge in Aviation Industry Accidents, Crashes and Safety Incidents Throw Light on the Significance of Data Recorders in Identifying and Mitigating Risks

  • Accident Rate in Commercial Flights Worldwide: Number of Accidents Per Million Departures for the Years 2010 through 2018

  • Flight Safety in Commercial Aviation Industry: Number of Annual Flights, Total Accidents, Fatal Accidents and Deaths Worldwide for the Years 2013 through 2018

  • Competition

  • US Cockpit Voice and Flight Data Recorder: Percentage Breakdown of Revenue by Leading Players for 2019E

  • Cockpit Voice Recorder (CVR), FDR, TPL, and DRB - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Persistent Increase in Commercial Aircraft Deliveries amidst Rising Passenger Traffic Fuels Data Recorders Market

  • Rising Demand for Air Travel and Robust Increase in Air Passenger Traffic

  • Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2018, 2025, 2030, 2035 and 2040

  • Rapid Growth of Air Traffic: Percentage Annual Growth of Air Traffic Passenger Demand for the Years 2006 through 2019

  • Growing Worldwide Air Passenger Traffic

  • Aviation Industry Focuses on Development of Next-Generation CVRs and FDRs with Longer CVR Record Durations

  • Failure to Retrieve Black Boxes in Certain Air Crashes Drives Focus onto the Need for Real-time Data Streaming in Data Recorders

  • Difficulties in Locating Crashed MH370 Aircraft Brings Forth Focus on Adaptive and Longer-life Pingers

  • Distress Radio Beacon Market: Driven by Growing Safety Needs of Aviation Sector

  • Innovations & Advancements

  • Technology Evolution of FDRs: Potential Opportunities in Preventive Maintenance

  • Honeywell and Curtiss-Wright Use Inflight Connectivity to Reinvent CVR and FDR

  • Airbus Unveils New Fixed and Deployable Flight Recorders

  • Orolia Introduces Galileo-Enabled Personal Location Beacons

  • Regulations

  • Against the Backdrop of Recent Aviation Safety Incidents, NTSB Seeks Extension of Cockpit Voice Recorder Duration to 25 Hours

  • EASA Mandates Installation of Upgraded CVR and ULD Equipment

  • Canada Amends Aviation Regulations Related to Flight Data Recorder and Cockpit Voice Recorder

  • NPA 2018-03 Seeks to Improve Quality of FDRs for Better Support to Accident Investigations

  • GADSS Leads to Implementation of Global Flight Tracking Standards




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