2023 Helideck Monitoring System Market: Thorough breakdown for industry leaders Prognosis by 2032

Helideck Monitoring System Market


According to the research report, the global helideck monitoring system market was valued at USD 227.69 million in 2022 and is expected to reach USD 355.80 million by 2032, to grow at a CAGR of 4.6% during the forecast period.

Increased investment in oil and gas exploration and extraction in countries drives up demand for offshore helicopters. As per the International Energy Agency, Oil and gas exploration spending has steadily declined in previous years, with only a minor increase in 2019. With investment budgets under additional pressure in 2020, the proportion of overall investment devoted to exploration may fall to record lows. Also, in January 2023, the Government of India announced by 2023, India is expected to invest USD 58 billion in the exploration and production of oil and gas resources. The government intends to grow the geographic region in exploration and production by 0.5 million square kilometers, or 15%, by 2025, from the current 0.25 million square kilometers.

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/helideck-monitoring-system-market/request-for-sample

Furthermore, offshore boats and rigs now rely entirely on helicopters for crew and material transportation to and from operations. An expanding number of ships, increased investment in naval projects, and increased worldwide trade by water are all factors driving the helideck monitoring system market. For instance, in July 2022, The helideck monitoring system delivered factual info to helicopter pilots, assisting in reducing risks associated with potential dangers in offshore operations. The European Commission confirmed intentions to provide over €1.2 billion in EU funding to 61 cooperative defense research and development projects, including those in the naval defense industry. Thus, the rising investment in oil and gas exploration and production activities and the investment in maritime projects by the global government are propelling market growth over the forecasted period.

See also  Amorphous Polyethylene Terephthalate Market Witness Highest Growth in near future

Top Key Players:

  • ASB Systems PVT. LTD
  • Automasjon & Data AS
  • ABB Group
  • Dynamax Inc.
  • Fugro N.V.
  • Kongsberg Gruppen ASA
  • Miros AS
  • Monitor Systems Ltd
  • Observator Group
  • RH Marine
  • RigStat LP
  • Southern Avionics Co.
  • SMC Corporation
  • ShoreConnection International AS
  • Vaisala Oyj

Additionally, strict safety standards to prevent accidents may increase the demand for monitoring systems. For instance, CAP437 Helideck Standards, the SMC Helideck Monitoring System, is as adaptable as many offshore boats. Current industry demands may necessitate a vessel operating in multiple locations worldwide. The regulations of the governments ensure proper safety and accuracy in the helicopters, which provides benefits and increases demand for monitoring systems in it. Therefore, the strict rules across the nations are boosting the demand for helideck monitoring systems that drive market growth.

Place An Inquiry Before Purchase @ https://www.polarismarketresearch.com/industry-analysis/helideck-monitoring-system-market/inquire-before-buying

Helideck Monitoring System Market Report Highlights

  • The commercial segment is anticipated to grow at a significant CAGR over the forecast period. The increase is linked to increased ship and vessel traffic as well as increased sea trade. The sea transports the vast majority of global trade.
  • The oil and gas segment accounted for considerable global revenue share. Increased investment in offshore exploration for oil and gas projects has resulted in dominance.
  • The military sector will experience significant growth as a result of increased investment in naval forces and increased procurement of naval helicopters by emerging nations.
  • Asia-Pacific is expected to grow at a substantial CAGR over the projected period because of the developing oil and gas industries in rising economies. Additionally, the market is anticipated to rise as a result of increasing military budgets in nations and the deployment of technically sophisticated ships for naval forces.
See also  Global Agriculture Microbials Market Poised for Steady Growth as Demand for Sustainable Farming Practices Rise

Polaris Market Research has segmented the Helideck Monitoring System market report based on vertical, system, application, end-use, and region:

Helideck Monitoring System, Vertical Outlook (Revenue – USD Million, 2019 – 2032)

  • Marine
  • Oil & Gas
  • Port
  • Naval Base

Helideck Monitoring System, System Outlook (Revenue – USD Million, 2019 – 2032)

  • Hardware
    • Wind
    • Meteorology
    • GPS Sensors
    • Gyro Sensors
    • Motion
  • Software

Helideck Monitoring System, Application Outlook (Revenue – USD Million, 2019 – 2032)

  • Commercial
  • Defense

Helideck Monitoring System, End-Use Outlook (Revenue – USD Million, 2019 – 2032)

  • OEMs
  • Aftermarket

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

Contact Us:

Polaris Market Research

Phone: +1-929-297-9727

Email: sales@polarismarketresearch.com