Helideck Monitoring System Market by Vertical (Oil & Gas (Fixed and Mobile Offshore Rigs) and Marine (On-Board & On-Shore)), System (Hardware (Motion, Wind, Meteorology, GPS Sensors) and Software), End Use, Application, and Region - Global Forecast to 2023
The helideck monitoring system market was valued at USD 184.5 Million in 2017 and is projected to reach USD 240.1 Million by 2023, at a CAGR of 4.49 % during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.
The research methodology used to estimate and forecast the helideck monitoring system market begins with the capturing of data on revenues of the key market players through secondary sources, such as International Air Transport Association (IATA), Department of Defense (DoD), and paid databases. The helideck monitoring system offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the helideck monitoring system market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives of the leading companies operating in the helideck monitoring system market. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primaries has been depicted in the figure below:
To know about the assumptions considered for the study, download the pdf brochure
The helideck monitoring system ecosystem comprises helideck monitoring system providers, such as Kongsberg Gruppen (Norway), Fugro (Netherlands), and Vaisala (Finland), and the manufacturers of different types of helideck monitoring systems.
Target Audience for this Report:
- Manufacturers of Helideck Monitoring Systems
- Providers or Suppliers of Helideck Monitoring System Parts
- Manufacturers of Subcomponents
- Retailers, Distributors, and Wholesalers of Helideck Monitoring Systems
- Technology Support Providers
- Manufacturers of Defense Components
- Manufacturers of Electronic Components
- System Integrators
- Governmental Bodies
“This study on the helideck monitoring system market answers several questions for stakeholders, primarily which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments.”
Scope of the Report
This research report categorizes the helideck monitoring system market into the following segments:
- Helideck Monitoring System Market, By Vertical
- Oil & Gas
- Fixed Offshore Rigs
- Mobile Offshore Rigs
- Marine
- On-Board
- Naval Ship
- Commercial Ship
- On-Shore
- Port
- Naval Base
- On-Board
- Oil & Gas
- Helideck Monitoring System Market, By System
- Hardware
- Motion Sensor
- Wind Sensor
- Meteorology Sensor
- GPS
- Gyro
- Software
- Hardware
- Helideck Monitoring System Market, By Application
- Commercial
- Defense
- Market, By End Use
- OEM
- Aftermarket
- Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report on the helideck monitoring system:
- Regional Analysis
- Further breakdown of the Rest of the World helideck monitoring system
- Company Information
- Detailed analysis and profiles of additional market players (up to 5)
The helideck monitoring system market is projected to grow from an estimated USD 192.8 Million in 2018 to USD 240.1 Million by 2023, at a CAGR of 4.49 % from 2018 to 2023. This growth can be attributed to the increasing number of commercial vessels and ships globally. The growth in global vessel traffic and short replacement cycles of hardware components are the key factor driving the demand for helideck monitoring systems.
Based on vertical, the helideck monitoring system market has been segmented into oil & gas and marine. The marine segment is expected to lead the helideck monitoring system during the forecast period due to increasing maritime vessel traffic and increasing trade via sea routes.
Based on system, the helideck monitoring system market has been segmented into hardware and software. The hardware segment is projected to grow at a higher CAGR than the software segment during the forecast period. The early replacement of hardware components, such as motion sensors, is a key factor driving the demand for helideck monitoring systems.
Based on application, the helideck monitoring system market has been segmented into commercial and defense. The commercial segment is projected to grow at a higher CAGR than the defense segment during the forecast period. The rise in vessel traffic, especially in regions such as North America and Asia Pacific, has led to an increase in demand for helideck monitoring systems in the commercial segment.
Based on end use, the helideck monitoring system market has been segmented into OEM and aftermarket. The aftermarket segment is projected to grow at a higher CAGR during the forecast period. The rise in vessel traffic, especially in regions such as North America and Asia Pacific, and the short replacement cycle of components, such as motion sensors, have led to an increase in demand for helideck monitoring systems in the end use segment.
The geographical analysis of the helideck monitoring system market includes regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW). The Asia Pacific region accounted for the largest share of the market in 2017 Several countries, such as Brazil, Argentina, Saudi Arabia, and the UAE, are increasing their defense and commercial marine fleets. However, the Asia Pacific market is projected to grow at the highest CAGR during the forecast period due to the increase in vessel passenger traffic and military vessel induction in countries such as India, China, and Russia.
Existing backlogs of vessel deliveries act as a restraint to the growth of the helideck monitoring system market. The limited manufacturing capacity of major marine vessel manufacturing companies has resulted in an increased backlog of commercial vessel deliveries.
Products offered by various companies in the helideck monitoring system market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2014 and 2017. Major companies profiled in the report include Kongsberg Gruppen (Norway), Fugro (Netherlands), and Vaisala (Finland), among others. Agreements and acquisitions accounted for the major share of the total growth strategies adopted by the leading players in the market. These strategies have enabled companies to strengthen their position in the market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Market Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Helideck Monitoring System Market
4.2 Market, By Application
4.3 Market, By Vertical
4.4 Market, By System
4.5 Market, By Region
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Increase in Offshore Oil & Gas Exploration Projects
5.3.2 Stringent Maritime Safety Norms
5.4 Restraints
5.4.1 Risk of Cyber-Attacks Due to Digitalization of Ships
5.5 Opportunities
5.5.1 Increasing Navy Budgets Worldwide
5.6 Challenges
5.6.1 Fluctuation in Oil & Gas Prices
5.6.2 Shortage of Qualified Professionals
6 Industry Trends (Page No. - 39)
6.1 Introduction
6.2 Supply Chain
6.3 Prominent Companies
6.4 Small and Medium Enterprises
6.5 End Users (Aircraft Manufacturers & Airline Companies)
6.6 Key Influencers
6.7 Emerging Trends
6.7.1 Development of Smart Antennas
6.7.2 Micro-Electro-Mechanical Systems (MEMS) Sensors
6.7.3 Emergence of Wireless Sensor Networks
6.7.4 on Wings De-Icing Sensors
7 Helideck Monitoring Systems Market, By Application (Page No. - 43)
7.1 Introduction
7.2 Commercial
7.3 Defense
8 Market, By Vertical (Page No. - 46)
8.1 Introduction
8.2 Oil & Gas
8.2.1 Fixed Offshore Rigs
8.2.2 Mobile Offshore Rigs
8.3 Marine
8.3.1 On-Board
8.3.1.1 Naval Ship
8.3.1.2 Commercial Ship
8.3.2 On-Shore
8.3.2.1 Port
8.3.2.2 Naval Base
9 Market, By System (Page No. - 51)
9.1 Introduction
9.2 Hardware
9.2.1 Gyro
9.2.2 GPS
9.2.3 Meteorology Sensor
9.2.4 Motion Sensor
9.2.5 Wind Sensor
9.3 Software
10 Helideck Monitoring Systems Market, By End Use (Page No. - 55)
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Aftermarket
11 Market, By Region (Page No. - 58)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 France
11.3.3 Norway
11.3.4 Russia
11.3.5 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Latin America
11.5.3 Africa
12 Competitive Landscape (Page No. - 93)
12.1 Introduction
12.2 Market Ranking Analysis
12.3 Competitive Scenario
12.3.1 Contracts
12.3.2 Partnerships/Joint Ventures
13 Company Profile (Page No. - 95)
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 Kongsberg Gruppen
13.2 Fugro
13.3 Vaisala
13.4 Dynamax
13.5 Miros
13.6 RH Marine
13.7 ASB Systems
13.8 AWA Marine
13.9 Observator Group
13.10 Shoreconnection
13.11 Rigstat
13.12 Automasjon & Data
13.13 ABB
13.14 Monitor Systems
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies
14 Appendix (Page No. - 113)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
List of Tables (93 Tables)
Table 1 Helideck Monitoring Systems Market, By Application, 2016-2023 (USD Million)
Table 2 Market, By Vertical, 2016-2023 (USD Million)
Table 3 Market for Oil & Gas, By Rig Type, 2016-2023 (USD Million)
Table 4 Market for Marine, By Location, 2016-2023 (USD Million)
Table 5 Market for On-Board, By Subtype, 2016-2023 (USD Million)
Table 6 Market for On-Shore, By Subtype, 2016-2023 (USD Million)
Table 7 Market, By System, 2016-2023 (USD Million)
Table 8 Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 9 Helideck Monitoring Systems Market Size, By End User, 2016-2023 (USD Million)
Table 10 Market, By Region, 2016-2023 (USD Million)
Table 11 North America Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 12 North America Market for Oil & Gas, By Type, 2016-2023 (USD Million)
Table 13 North America Market for Marine, By Location, 2016-2023 (USD Million)
Table 14 North America Market for On-Board, By Subtype, 2016-2023 (USD Million)
Table 15 North America Market for On-Shore, By Subtype, 2016-2023 (USD Thousand)
Table 16 North America Market, By System, 2016-2023 (USD Million)
Table 17 North America Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 18 North America Market, By End User, 2016-2023 (USD Million)
Table 19 North America Helideck Monitoring Systems Market, By Country, 2016-2023 (USD Million)
Table 20 US Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 21 US Market, By System, 2016-2023 (USD Million)
Table 22 US Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 23 Canada Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Thousands)
Table 24 Canada Market, By System, 2016-2023 (USD Thousands)
Table 25 Canada Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Thousands)
Table 26 Europe Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 27 Europe Market for Oil & Gas, By Type, 2016-2023 (USD Million)
Table 28 Europe Market for Marine, By Location 2016-2023 (USD Million)
Table 29 Europe Market for On-Board, By Subtype, 2016-2023 (USD Million)
Table 30 Europe Market for On-Shore, By Subtype, 2016-2023 (USD Thousands)
Table 31 Europe Market, By System, 2016-2023 (USD Million)
Table 32 Europe Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 33 Europe Helideck Monitoring Systems Market, By End User, 2016-2023 (USD Million)
Table 34 Europe Market, By Country, 2016-2023 (USD Million)
Table 35 UK Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 36 UK Market, By System, 2016-2023 (USD Million)
Table 37 UK Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 38 France Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 39 France Market, By System, 2016-2023 (USD Million)
Table 40 France Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 41 Norway Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 42 Norway Market, By System, 2016-2023 (USD Million)
Table 43 Norway Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 44 Russia Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 45 Russia Market, By System, 2016-2023 (USD Million)
Table 46 Russia Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 47 Rest of Europe Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 48 Rest of Europe Market, By System, 2016-2023 (USD Million)
Table 49 Rest of Europe Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 50 Asia Pacific Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 51 Asia Pacific Market for Oil & Gas, By Type, 2016-2023 (USD Million)
Table 52 Asia Pacific Helideck Monitoring Systems Market for Marine, By Location, 2016-2023 (USD Million)
Table 53 Asia Pacific Market for On-Board, By Subtype, 2016-2023 (USD Million)
Table 54 Asia Pacific Helideck Monitoring Systems Market for On-Shore, By Subtype, 2016-2023 (USD Million)
Table 55 Asia Pacific Market, By System, 2016-2023 (USD Million)
Table 56 Asia Pacific Helideck Monitoring System Hardware Market, Component, 2016-2023 (USD Million)
Table 57 Asia Pacific Helideck Monitoring Systems Market, By End User, 2016-2023 (USD Million)
Table 58 Asia Pacific Market, By Country, 2016-2023 (USD Million)
Table 59 China Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 60 China Market, By System, 2016-2023 (USD Million)
Table 61 China Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 62 India Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 63 India Market, By System, 2016-2023 (USD Million)
Table 64 India Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 65 Japan Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 66 Japan Market, By System, 2016-2023 (USD Million)
Table 67 Japan Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 68 South Korea Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 69 South Korea Market, By System, 2016-2023 (USD Million)
Table 70 South Korea Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 71 Rest of Asia Pacific Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 72 Rest of Asia Pacific Market, By System, 2016-2023 (USD Million)
Table 73 Rest of Asia Pacific Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 74 Rest of the World Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 75 Rest of the World Market for Oil & Gas, By Type, 2016-2023 (USD Million)
Table 76 Rest of the World Market for Marine, By Location, 2016-2023 (USD Million)
Table 77 Rest of the World Market for On-Board, By Subtype, 2016-2023 (USD Million)
Table 78 Rest of the World Market for On-Shore, By Subtype, 2016-2023 (USD Thousand)
Table 79 Rest of the World Market, By System, 2016-2023 (USD Million)
Table 80 Rest of the World Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 81 Rest of the World Market, By System, 2016-2023 (USD Million)
Table 82 Rest of the World Market, By Region, 2016-2023 (USD Million)
Table 83 Middle East Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 84 Middle East Market, By System, 2016-2023 (USD Million)
Table 85 Middle East Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 86 Latin America Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Million)
Table 87 Latin America Market, By System, 2016-2023 (USD Million)
Table 88 Latin America Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Million)
Table 89 Africa Helideck Monitoring Systems Market, By Vertical, 2016-2023 (USD Thousands)
Table 90 Africa Market, By System, 2016-2023 (USD Thousand)
Table 91 Africa Helideck Monitoring System Hardware Market, By Component, 2016-2023 (USD Thousand)
Table 92 Contracts, September, 2014 to 2018
Table 93 Partnerships/Joint Ventures, 2014 to 2018
List of Figures (32 Figures)
Figure 1 Helideck Monitoring Systems Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design: Helideck Monitoring Systems Market
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Geographic Analysis: Helideck Monitoring Systems Market, 2017
Figure 9 Market Size, By Application, 2018 & 2023 (USD Million)
Figure 10 Market Size, By System, 2018 & 2023 (USD Million)
Figure 11 Market Size, By End Use, 2018 & 2023 (USD Million)
Figure 12 Market Size, By Vertical, 2018 & 2023 (USD Million)
Figure 13 Increase in Shipping Activities and Oil and Gas Excavations is Expected to Drive Market Growth From 2018 to 2023
Figure 14 Commercial Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Marine Segment Estimated to Lead the Market in 2018
Figure 16 Hardware Segment Estimated to Lead the Market in 2018
Figure 17 Geographic Analysis: Helideck Monitoring Systems Market, 2017
Figure 18 Market Dynamics
Figure 19 Causes of Cyber Threats to Ships
Figure 20 Supply Chain: Direct Distribution is the Most Preferred Strategy of Prominent Helideck Monitoring System Manufacturers
Figure 21 Helideck Monitoring Systems Market, By Application, 2018 & 2023 (USD Million)
Figure 22 Marine Vertical Segment Projected to Lead Market From 2018 to 2023
Figure 23 Market, By System, 2018 & 2023 (USD Million)
Figure 24 The Aftermarket Segment of the Helideck Monitoring Systems Market is Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 25 Asia Pacific Estimated to Account for Largest Share of Helideck Monitoring Systems Market in 2018
Figure 26 North America: Market Snapshot
Figure 27 Europe: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Ranking of Players in the Helideck Monitoring Systems Market
Figure 30 Kongsberg Gruppen: Company Snapshot
Figure 31 Fugro: Company Snapshot
Figure 32 ABB Ltd: Company Snapshot
Growth opportunities and latent adjacency in Helideck Monitoring System Market