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Global Helideck Monitoring System Market: By Vertical: Marine, Oil and Gas; By System: Hardware, Software; By Application: Commercial, Defence; By End Use: OEMs, Aftermarket; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Helideck Monitoring System Market Outlook
The global market for the helideck monitoring system reached a value of about USD 415 million in 2021. The market is further expected to grow at a CAGR of about 4.40% in the forecast period of 2022-2027 to reach a value of around USD 536.9 million by 2027.
North America and the Asia Pacific to be Among the Significant Regional Markets for Helideck Monitoring System
The helideck monitoring system market in North America is expected to lead the global market. The booming oil and gas industries in the United States and Canada are too accountable for the region's expansion. The presence of the largest number of naval ships in the region will help the region grow even faster. The increased investment in the defence industry for the procurement of naval ships is predicted to augment the region's market growth.
The Asia Pacific region accounts for one of the largest shares of the market. Several countries in the region are increasing their defence and commercial marine fleets. The rise in vessel passenger traffic and military vessel induction in countries such as India, China, and Russia are driving the growth in the region. Increasing adoption of the helideck monitoring system, coupled with growing demand for new vessels, is also supporting the market growth in this region. Moreover, rising military budgets in countries such as China and India and the adoption of technologically advanced ships for naval forces are factors expected to propel the growth of the helideck monitoring system market in the Asia Pacific region over the forecast period.
Europe to Garner Significant Demand in the Coming Years
The helideck monitoring market in Europe is predicted to witness rapid growth during the forecast period due to the higher presence of helicopter fleets in countries such as the United Kingdom, France, Russia, and Germany. The presence of prominent players such as Fugro, Vaisala, Observator Group, and RH Marine will foster growth in the region. The increasing demand for wind sensors and GPS is further expected to propel market growth in the region.
Market Segmentations
The helideck monitoring system is developed to measure, calculate, and show all significant meteorological parameters in order to ensure maximum safety during helicopter landing and take-off operations. In order to conduct successful helicopter operations in an offshore setting, the system provides real-time meteorological information. It is implemented in both hardware and software.
By vertical, the market includes:
- Marine
- Oil and Gas
Based on the system, the market is divided into:
- Hardware
- Software
The significant applications of the market are:
- Commercial
- Defence
- The end-uses of the market are:
- OEMs
- Aftermarket
The regional markets for the helideck monitoring system market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increasing Number of Commercial Vessels and Ships Augmenting the Market Growth
The global market growth can be attributed to the increasing number of commercial vessels and ships, a surge in global vessel traffic and short replacement cycles of hardware components. An increase in oil and gas projects in an offshore environment upsurges the demand for helideck monitoring systems to better visualise the weather conditions, which is propelling the market growth. Similarly, the use of a helideck monitoring system is increasing to comply with marine regulations and other norms. These aspects are influencing the helideck monitoring system industry's growth positively. On the other hand, growing defence and the commercial navy budget can create high revenue opportunities for players in the target market. The rising adoption of advanced technology among end-users to improve efficiency and security is another driver supporting the market's growth. Stringent maritime safety norms for safety are also among the major factors supporting the growth of the helideck monitoring system market. The system also provides real-time information to helicopter pilots that can help during potential hazards in offshore operations, further driving the market growth. Along with this, an increase in the use of rotary aircraft as a means of fast and safe mode of transportation and the need for machinery that helps in monitoring the docking and flight time management by analysing weather and other factors has propelled the demand for the helideck monitoring system.
Key Players in the Global Market for Helideck Monitoring System
The report gives a detailed analysis of the following key players in the global helideck monitoring system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB
- ASB Systems Pvt Ltd.
- Automasjon and Data AS
- Fugro
- Kongsberg
- Miros Group
- Observator Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Helideck Monitoring System Market Analysis
8.1 Key Industry Highlights
8.2 Global Helideck Monitoring System Historical Market (2017-2021)
8.3 Global Helideck Monitoring System Market Forecast (2022-2027)
8.4 Global Helideck Monitoring System Market by Vertical
8.4.1 Marine
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Oil and Gas
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Helideck Monitoring System Market by System
8.5.1 Hardware
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Software
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Helideck Monitoring System Market by Application
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Defence
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Helideck Monitoring System Market by End Use
8.7.1 OEMs
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Aftermarket
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Helideck Monitoring System Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ABB
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 ASB Systems Pvt Ltd.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Automasjon and Data AS
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Fugro
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Kongsberg
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Miros Group
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Observator Group
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Helideck Monitoring System Market: Key Industry Highlights, 2017 and 2027
2. Global Helideck Monitoring System Historical Market: Breakup by Vertical (USD Million), 2017-2021
3. Global Helideck Monitoring System Market Forecast: Breakup by Vertical (USD Million), 2022-2027
4. Global Helideck Monitoring System Historical Market: Breakup by System (USD Million), 2017-2021
5. Global Helideck Monitoring System Market Forecast: Breakup by System (USD Million), 2022-2027
6. Global Helideck Monitoring System Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Helideck Monitoring System Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Helideck Monitoring System Historical Market: Breakup by End Use (USD Million), 2017-2021
9. Global Helideck Monitoring System Market Forecast: Breakup by End Use (USD Million), 2022-2027
10. Global Helideck Monitoring System Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Helideck Monitoring System Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Helideck Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Helideck Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Helideck Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Helideck Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Helideck Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Helideck Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Helideck Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Helideck Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Helideck Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Helideck Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Helideck Monitoring System Market Structure
Key Questions Answered in the Report
In 2021, the global helideck monitoring system market attained a value of nearly USD 415 million.
The market is projected to grow at a CAGR of 4.40% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 536.9 million by 2027.
The major drivers of the market include the increasing demand for wind sensors and GPS, the surge in global vessel traffic, growing defence and the commercial navy budget, rising adoption of advanced technology, stringent maritime safety norms, and an increase in the use of rotary aircraft.
The rising number of commercial vessels and ships and the increase in oil and gas projects are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various verticals in the market are marine, oil and gas.
Based on the system, the market is divided into hardware and software.
The significant applications of the market include commercial and defence sectors.
The end-uses of the market are OEMs and aftermarkets.
The major players in the industry are ABB, ASB Systems Pvt Ltd., Automasjon and Data AS, Fugro, Kongsberg, Miros Group, and Observator Group, among others.
Analyst Review
The global helideck monitoring system market attained a value of USD 415 million in 2021, driven by the increasing number of commercial vessels and ships. Aided by the growing defence and commercial navy budget and increase in oil and gas projects, the market is expected to grow at a CAGR of 4.40% in the forecast period of 2022-2027. The market is projected to reach USD 536.9 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various verticals in the market are marine, oil and gas. Based on the system, the market is divided into hardware and software. The significant applications of the market are commercial and defence. The end-uses of the market are OEMs and aftermarkets. The major regional markets for the helideck monitoring system are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are ABB, ASB Systems Pvt Ltd., Automasjon and Data AS, Fugro, Kongsberg, Miros Group, and Observator Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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