This new report from Stratview Research analyses the Helideck Monitoring System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Helideck Monitoring System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Helideck Monitoring System Market is no different. Derived from the previous market scenario, the Helideck Monitoring System Market is likely to witness an impressive CAGR of 6.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/772/helideck-monitoring-system-market.html
Market Share Analysis
Helideck Monitoring System Market Share: By Application Type
Based on the application type, the market is segmented as commercial and defense. The commercial segment is estimated to register a higher CAGR during the forecast period. The growth can be attributed to the increase in vessel traffic, majorly in regions such as North America and Asia-Pacific, which has immensely contributed to the surge in demand for helideck monitoring systems in the commercial segment.
Helideck Monitoring System Market Share: By Vertical Type
Based on the vertical type, the market is segmented as oil & gas and marine. The marine segment is estimated to command the market in the coming five years, driven by the increasing maritime vessel traffic and growing trade via sea routes.
Helideck Monitoring System Market Share: By System Type
Based on the system type, the market is segmented as hardware and software. The hardware segment is expected to witness a higher growth during the forecast period. The key factor driving the demand for helideck monitoring systems is the early replacement of hardware components, such as motion sensors.
Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/772/helideck-monitoring-system-market.html
Helideck Monitoring System Market Share: By End-User Type
Based on the end-user type, the market is segmented as OEM and aftermarket. The aftermarket segment is estimated to depict a higher growth during the forecast period. The market is driven by the increase in demand for helideck monitoring systems owing to the short replacement cycle of components, such as motion sensors and rise in vessel traffic, especially in regions such as North America and Asia-Pacific.
Helideck Monitoring System Market Share: By Region
In terms of regions, the Asia-Pacific region accounted for the largest share of the helideck monitoring system market in 2018, and is expected to register the highest growth during the forecast period owing to the surge in vessel passenger traffic and military vessel induction in countries such as India, China, and Russia. The market is driven by the countries, such as Argentina, Brazil, Saudi Arabia, and the UAE, which are increasing their defense and commercial marine fleets. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Helideck Monitoring System Market: Key Players
Some of the major players in the helideck monitoring system market are ABB Group, ASB Systems, AWA Marine, Automasjon og Data AS, Fugro N.V., Kongsberg Gruppen, Monitor Systems, Observator Group, RH Marine, and ShoreConnection International AS.
Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry: https://www.stratviewresearch.com/market-reports/Aerospace-Defense.html
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.