PUNE, India, May 16, 2018 /PRNewswire/ --
The report "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", published by
MarketsandMarkets™, the market is estimated to be USD 192.8 Million in 2018 and is projected to
reach USD 240.1 Million by 2023, at a
CAGR of 4.49% from 2018 to 2023.
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Browse 93 market data Tables and 32 Figures spread
through 119 Pages and in-depth TOC
on "Helideck Monitoring System
Market"
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report.
Factors such as increase in vessel traffic and rise in ship
deliveries are expected to drive the helideck monitoring system
market during the forecast period.
The marine segment is projected to witness a higher CAGR
during the forecast period.
Based on vertical, the marine segment of the helideck monitoring
system market is projected to witness a higher growth rate as
compared to the oil & gas segment during the forecast period.
This higher growth can be attributed to the increasing maritime
trade and vessel traffic globally.
The hardware segment is projected to witness a higher growth
rate during the forecast period.
Based on system, the hardware segment of the helideck monitoring
system market is projected to witness a higher growth rate than the
software segment during the forecast period, as every helideck
monitoring system needs various sensors, which require replacement
at regular intervals.
The aftermarket segment is projected to witness a higher
growth rate during the forecast period.
Based on end use, the aftermarket segment of the helideck
monitoring system market is projected to witness a higher growth
rate than the OEM segment during the forecast period, as every
helideck monitoring system needs various sensors which need to be
replaced at regular intervals. The replacement of system components
and upgradation of software increase the demand for helideck
monitoring systems.
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The commercial segment is expected to grow at a higher CAGR
during the forecast period.
Based on application, the commercial segment of the helideck
monitoring system market is projected to grow at a higher CAGR than
the defense segment during the forecast period. The year-on-year
increase in commercial vessel traffic and increasing deliveries,
especially in regions such as North
America and Europe, are
expected to contribute to the growth of the commercial segment.
The Asia Pacific helideck
monitoring system market is projected to witness the highest growth
during the forecast period.
Asia Pacific is one of the
fastest growing market for helideck monitoring systems due to an
increase in the number of ships and seismic vessels in the region.
Countries such as Japan and
China have witnessed tremendous
increase in vessels and ships, as the economy of these countries
continuously increases, which subsequently lead to a rise in demand
for helideck monitoring systems. The increase in vessel traffic and
delivery of new ships & vessels are expected to drive the
demand for helideck monitoring systems in the Asia Pacific region during the forecast
period.
Major players in the helideck monitoring system market include
ABB (Switzerland), Kongsberg
Gruppen (Norway), Fugro
(Netherlands), Vaisala
(Finland), and Dynamax (US).
Know more about the Helideck Monitoring System
Market
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