Global Helideck Monitoring System Market Report and Forecast 2024-2032

Global Helideck Monitoring System Market Outlook

The global market for the helideck monitoring system reached a value of about USD 452.32 million in 2023. The market is further expected to grow at a CAGR of about 4.4% in the forecast period of 2024-2032 to reach a value of around USD 665.88 million by 2032.

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North America and the Asia Pacific to be Among the Significant Regional Markets for Helideck Monitoring System

The helideck monitoring system market in North America is expected to lead the global market. The booming oil and gas industries in the United States and Canada are too accountable for the region's expansion. The presence of the largest number of naval ships in the region will help the region grow even faster. The increased investment in the defence industry for the procurement of naval ships is predicted to augment the region's market growth.

The Asia Pacific region accounts for one of the largest shares of the market. Several countries in the region are increasing their defence and commercial marine fleets. The rise in vessel passenger traffic and military vessel induction in countries such as India, China, and Russia are driving the growth in the region. Increasing adoption of the helideck monitoring system, coupled with growing demand for new vessels, is also supporting the market growth in this region. Moreover, rising military budgets in countries such as China and India and the adoption of technologically advanced ships for naval forces are factors expected to propel the growth of the helideck monitoring system market in the Asia Pacific region over the forecast period.

Europe to Garner Significant Demand in the Coming Years

The helideck monitoring market in Europe is predicted to witness rapid growth during the forecast period due to the higher presence of helicopter fleets in countries such as the United Kingdom, France, Russia, and Germany. The presence of prominent players such as Fugro, Vaisala, Observator Group, and RH Marine will foster growth in the region. The increasing demand for wind sensors and GPS is further expected to propel market growth in the region.

Market Segmentations

The helideck monitoring system is developed to measure, calculate, and show all significant meteorological parameters in order to ensure maximum safety during helicopter landing and take-off operations. In order to conduct successful helicopter operations in an offshore setting, the system provides real-time meteorological information. It is implemented in both hardware and software.

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By vertical, the market includes:

• Marine
• Oil and Gas

Based on the system, the market is divided into:

• Hardware
• Software

The significant applications of the market are:

• Commercial
• Defence

The end-uses of the market are:

• OEMs
• Aftermarket

The regional markets for the helideck monitoring system market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Increasing Number of Commercial Vessels and Ships Augmenting the Market Growth

The global market growth can be attributed to the increasing number of commercial vessels and ships, a surge in global vessel traffic and short replacement cycles of hardware components. An increase in oil and gas projects in an offshore environment upsurges the demand for helideck monitoring systems to better visualise the weather conditions, which is propelling the market growth. Similarly, the use of a helideck monitoring system is increasing to comply with marine regulations and other norms. These aspects are influencing the helideck monitoring system industry's growth positively. On the other hand, growing defence and the commercial navy budget can create high revenue opportunities for players in the target market. The rising adoption of advanced technology among end-users to improve efficiency and security is another driver supporting the market's growth. Stringent maritime safety norms for safety are also among the major factors supporting the growth of the helideck monitoring system market. The system also provides real-time information to helicopter pilots that can help during potential hazards in offshore operations, further driving the market growth. Along with this, an increase in the use of rotary aircraft as a means of fast and safe mode of transportation and the need for machinery that helps in monitoring the docking and flight time management by analysing weather and other factors has propelled the demand for the helideck monitoring system.

Key Players in the Global Market for Helideck Monitoring System

The report gives a detailed analysis of the following key players in the global helideck monitoring system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ABB
• ASB Systems Pvt Ltd.
• Automasjon and Data AS
• Fugro
• Kongsberg
• Miros Group
• Observator Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report