Global Helideck Monitoring System Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Helideck Monitoring System Market 2021 (Includes Business Impact of COVID-19)
Global Helideck Monitoring System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global helideck monitoring system market report has been segmented on the basis of system, system, vertical, and region.
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The global Helideck Monitoring System market size was valued at USD$ 204.90 million in 2020 and is projected to reach $314.81 million by 2030, and is anticipated to expand at a CAGR of 4.39% over the forecast period from 2020 to 2030.


Global Helideck Monitoring System Market: Overview


The helideck monitoring system is designed to abide by rules and regulation of region and aviation safety. It provides information regarding flight, screenshots to the operator of a helicopter for flight planning, and communication HSM data to remote or local users. It is also used for analyzing helideck motion during the helicopter take-offs and landings in order to improve safety in even unfavorable environmental conditions. This system monitors the direction and speed of the wind, barometric pressure, air temperature, vertical velocity, etc.


Global Helideck Monitoring System Market: Dynamics


Helideck monitoring system offers real-time data to the local operator regarding current existing conditions during helicopter operation.  It is used offshore on floating production seismic vessels and storage vessels.  Use of helideck monitoring system for offshore oil & gas exploration projects, as it can operate in harsh environmental conditions as well as improves the safety of the passengers and flight are major factors driving growth of the global helideck monitoring system market. In addition, rising adoption of advanced technology among end users to improve efficiency and security is another factor supporting growth of the global market. Furthermore, stringent maritime safety norms for safety is a factor supporting growth of the global helideck monitoring system market.

However, backlogs in deliveries of water vessels is a factor that may hamper growth of the global helideck monitoring system market. In addition, concerns regarding cyber-attack is another factor that could affect growth of the global market. Nevertheless, growing defense, as well as the commercial navy budget, can create high revenue opportunities for players in the target market.


Global Helideck Monitoring System Market: Segment Analysis


Among the system segments, the hardware segment is expected to register high in terms of revenue in the near future. Increasing adoption of the helideck monitoring system and sensors in these systems require often replacements are factors expected to drive growth of the target market in the near future.

Among the application segments, the commercial segment is expected to register lucrative growth in terms of revenue over the forecast period. An increasing number of vessels of commercial use and growing vessel traffic are factors supporting growth of the target market.


Global Helideck Monitoring System Market: Regional Analysis


Currently, the market in North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. The market in Asia Pacific is expected to register the fastest growth in terms of revenue in the near future, followed by Europe, Latin America, and Middle East & Africa. Increasing adoption for helideck monitoring system, coupled with growing demand for new vessels are also factors supporting growth of the target market in this region. Moreover, rising military budget in countries such as China and India, adoption technologically advanced ships for naval forces are factors expected to propel growth of the helideck monitoring system in Asia Pacific region over the forecast period.

Global Helideck Monitoring System Market Segmentation:

Segmentation by System:

  
Software
  
Hardware
  
Meteorology Sensor
  
Gyro
  
Wind Sensor
  
GPS
  
Motion Sensor

Segmentation by Application:

  
Defense
  
Commercial

Segmentation by Vertical:

  
Marine
  
On-Shore
  
On-Board
  
Oil & Gas
  
Mobile Offshore Rigs
  
Fixed Offshore Rigs


Key Market Players included in the report:


  
ASB Systems PVT. LTD.
  
Automasjon and Data AS
  
AWA Marine
  
Dynamax Inc.
  
Fugro N.V.
  
Kongsberg Gruppen ASA
  
Miros AS
  
Monitor Systems Ltd.
  
Observator Group
  
RH Marine Group BV
  
RigStat LP
  
ShoreConnection International AS
  
Vaisala Inc.