Aerospace and Marine Data Recorders market Size Worth USD 3.33 Billion in 2032 | Emergen Research [Yahoo! Finance]
AstroNova, Inc. (ALOT)
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Source: Yahoo! Finance
Vancouver, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The global aerospace and marine data recorders market size was USD 1.99 billion in 2022 and is expected to register a revenue CAGR of 5.3% during the forecast period. Rising demand for real-time data tracking and analysis, advancements in data recording and storage systems, and growing end-use awareness of the advantages of data recording are some of the key factors driving market revenue growth. The growing awareness among end users, especially in the marine industry, regarding advantages of data recording is the key factor driving market revenue growth. A data recorder is a piece of technology that ships are equipped with to capture different types of data that can be used to recreate trip details and important information during accident investigations. The advancements in data recording and storage systems are also a major factor driving market revenue growth. For instance, new digital technology combined with regulatory requiremen
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