Helideck Monitoring System Market Growth Analysis | 2023-2028

Market Insights

The helideck monitoring system market was estimated at USD 192.34 million in 2022 and is likely to grow at a CAGR of 5.4% during 2023-2028 to reach USD 264.45 million in 2028.

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Market Dynamics

Introduction

A helideck monitoring system is a system that helps analyze the motion of a helideck. This is highly in use for the landing of helicopters during extreme weather conditions. The Helideck monitoring system is used through hardware and software. It is used in the case of commercial as well as defense application areas.

Market Drivers

The escalating number of commercial vessels and ships globally, the surge in global vessel traffic, and short replacement cycles of hardware components are the major factors underpinning the demand for helideck monitoring systems during the forecast period.

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Key Players

Some of the major players in the market are:

• ABB Group
• ASB Systems
• AWA Marine
• Automasjon og Data AS
• Fugro N.V.
• Kongsberg Gruppen
• Monitor Systems
• Observator Group
• RH Marine
• ShoreConnection International AS.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Application Type

Based on the application type, the market is segmented as commercial and defense. The commercial segment is estimated to register a higher CAGR during the forecast period. The growth can be attributed to the increase in vessel traffic, majorly in regions such as North America and Asia-Pacific, which has immensely contributed to the surge in demand for helideck monitoring systems in the commercial segment.

By Vertical Type

Based on the vertical type, the market is segmented as oil & gas and marine. The marine segment is estimated to command the market in the coming five years, driven by the increasing maritime vessel traffic and growing trade via sea routes.

By System Type

Based on the system type, the market is segmented as hardware and software. The hardware segment is expected to witness higher growth during the forecast period. The key factor driving the demand for helideck monitoring systems is the early replacement of hardware components, such as motion sensors.

By End-User Type

Based on the end-user type, the market is segmented as OEM and aftermarket. The aftermarket segment is estimated to depict higher growth during the forecast period. The market is driven by the increase in demand for helideck monitoring systems owing to the short replacement cycle of components, such as motion sensors, and the rise in vessel traffic, especially in regions such as North America and Asia-Pacific.

Regional Insights

In terms of regions, the Asia-Pacific region accounted for the largest share of the market in 2022 and is expected to register the highest growth during the forecast period owing to the surge in vessel passenger traffic and military vessel induction in countries such as India, China, and Russia. The market is driven by the countries, such as Argentina, Brazil, Saudi Arabia, and the UAE, which are increasing their defense and commercial marine fleets. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects helideck monitoring system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The helideck monitoring system market is segmented into the following categories:

By Application Type

• Commercial
• Defense

By Vertical Type

• Oil & Gas
• Marine

By System Type

• Hardware
• Software

By End-User Type

• OEM
• Aftermarket

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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