Detailed Market Analysis on Aviation Digital Storage Market

MarkNtel Advisors recently published a detailed industry analysis of the Global Aviation Digital Storage Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Aviation Digital Storage Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027

The Aviation Digital Storage Market is projected to grow at a CAGR of around 2.5% during the forecast period, 2022-27.

Key Findings in Global Aviation Digital Storage Market:

Historical Analysis: 2017–2020
Base Year: 2021
Forecast Period: 2022–2027

Leading Market Players- Curtiss-Wright Corporation, Collins Aerospace, L3Harris Technologies, Inc., Honeywell International Inc., Leonardo DRS, GE Aviation, Elbit Systems, Safran S.A., Niron Systems & Projects, ACR Electronics Inc., Aviatech LLC, Others

Key Highlights of the Report

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

What are the major Driver the Global Aviation Digital Storage Market?

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.

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What segments define the Global Aviation Digital Storage Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

By Equipment Type

Flight Data Recorder (FDR)
Cockpit Voice Recorder (CVR)
Cockpit Voice & Data Recorder
Data Transfer Units
Quick Access Recorder

According to report, The high requirement for flight recorders, which comprise flight data recorders & cockpit voice recorders by the government agencies to analyze aircraft crashes, has been one of the key growth drivers for the flight data recorder market.

By Aircraft Type

Commercial

Passenger Aircrafts
Cargo Jets
Helicopters

Military Aircrafts

Fighter Jets
Cargo Jets
Helicopters
Others (Drones, Special Mission Aircraft)

According to report, The military aircraft attained a dominant share in the Aviation Digital Storage market during the historical period.

Explore the Complete Global Aviation Digital Storage Market Analysis Report –

https://www.marknteladvisors.com/research-library/aviation-digital-storage.html

Geographical Analysis: Global Aviation Digital Storage Market

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Global Aviation Digital Storage Market Recent Development:

In September 2021, Tata & Airbus collaborated & signed an agreement of USD2.9 billion with the central government to manufacture C-295 military aircraft in India. The manufacturing unit will be in Uttar Pradesh.
In July 2020, the Canadian government announced to finalize a new fighter jet among three jets for its future purchase of fighter aircraft, which is worth USD14 billion in the three aircraft F35 Lightning II, Saab’s Gripen E, and Boeing F/A 18 Super Hornet.
In 2018, the Israel Air force announced its deal of USD11 billion with US aircraft manufacturer Boeing, which includes F-15 jets, cargo helicopters, and aerial refueling planes.

Key Questions Addressed in This Study

· What are the primary factors driving the growth of the Aviation Digital Storage Market?

· How is the Aviation Digital Storage Market expected to evolve over the next five years?

· What key insights can be drawn from current trends shaping the market?

· What is the current market size, and how is it forecasted to change in the coming years?

· What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/aviation-digital-storage.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 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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