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  • Helideck Monitoring System Market Growth Analysis | 2023-2028

    Helideck Monitoring System Market Growth Analysis | 2023-2028

    Helideck Monitoring System Market Growth Analysis | 2023-2028
    Report code - SRAD289 Delivery - 2 Weeks
    Helideck Monitoring System Market Size, Share, Trends, Forecast, & Growth Analysis - 2 See more...

    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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    What is the helideck monitoring system?

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

    Helideck Monitoring System Market Report Highlights

    Market Size in 2022

    USD 192.34 million

    Market Size in 2028

    USD 264.45 million

    Market Growth (2023-2028)

    5.4% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    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.

    Market Dynamics

    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.

    Helideck-Monitoring-System-Market-Dynamics

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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 a 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 helideck monitoring system 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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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?  

    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)

    Helideck-Monitoring-System-Market-Segmentation

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    Research Methodology

    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 conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Helideck Monitoring System Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

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

    The helideck monitoring system market was estimated at USD 192.34 million in 2022.

    The helideck monitoring system market is likely to reach USD 264.45 million in 2028.

    The helideck monitoring system market is likely to grow at a CAGR of 5.4% during the forecast period.

    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, and ShoreConnection International AS.

    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 commercial segment is expected to register higher CAGR in the market in the coming years.

    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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