Helideck Monitoring System Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the helideck monitoring system market include ABB Group, ASB Systems, AWA Marine, Automasjon og Data AS, Fugro N.V., Kongsberg Gruppen, Monitor Systems, Observator Group, RH Marine, and ShoreConnection International AS.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
One of the key driving factors for helideck monitoring system market growth is the increasing use of helicopters in the commercial and defense segments. An activity like crude oil extraction is resulting in growing helicopter operations which in turn requires continuous weather monitoring. Other factors supporting HMS market growth are the increasing number of offshore meteorological observation centers that cater to offshore rigs, government and non-government organizations, and the general public. Furthermore, the need to comply with rules and regulations related to marine operations is accelerating the demand for HMS. However, the shortage of highly skilled professionals required for operating the system may hinder HMS market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of helideck monitoring system . The growth and trends of helideck monitoring system industry provide a holistic approach to this study.
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Market Segmentation
This section of the Helideck Monitoring System market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vertical
- Oil & Gas (Fixed Offshore Rigs, Mobile Offshore Rigs0
- Marine (On-Board, On-Shore)
- Port
- Naval Base
By System
- Hardware (Motion Sensor, Wind Sensor, Meteorology Sensor, GPS, Gyro,)
- Software
By Application
- Commercial
- Defense
By End Use
- OEM
- Aftermarket
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the helideck monitoring system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global Helideck Monitoring System Market size is projected to reach USD 257.1 million by 2025.
Growing need for digitalization of ships to gather weather forecasting and real-time data required during pre-flight planning is expected to drive market over the forecast period.
Helideck monitoring systems are extensively used in offshore oil and gas rigs.
Complete, timely, and accurate meteorological observations to support efficient and safe helicopter operations will also spur growth in the market.Hardware systems dominated the market in 2017.
Development in the field of smart antenna, growing use of Micro-Electro-Mechanical Systems (MEMS) and rise in Wireless Sensor Networks (WSN) technology is expected to digitalize shipping industry.
However, digitization of maritime sector raises concern related to cybersecurity.Key players adopted product innovation and merger and acquisition strategies to expand their product portfolio and to gain competitive edge.
