Global Helideck Monitoring System Market

By Author: Rupali Dagade
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Global Helideck Monitoring System Market size was valued at US$ 193.60 Mn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2027, reaching nearly US$ 260.91 Mn.

Global Helideck Monitoring System Market Overview:

An increase in the use of Rotary Aircraft has resulted in a rise in demand for a system that provides real-time information about the landing situation. Rotary aircraft has found its increased use by the commercial sector for transportation of goods and people to locations that are remotely situated. The rising demand for safe landing and effective flight planning has resulted in a rise in demand for Monitoring Systems for traffic management.

Helideck Monitoring System provides accurate information on the changes in weather and the current situation at the landing pad. Helideck Monitoring System consists of sensors and software that provides real-time data that helps in providing solutions related to the launch and landing of rotary aircraft in weather and geographically challenging regions. An increase in the use of Helicopters by sectors like Oil & Gas Exploration ...
... and Construction along with the rising risk of the life of the personnel working there has resulted in a boom in the Global Helideck Monitoring System.

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The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is

Considered a base year however 2020’s numbers are on the real output of the companies in the market.

Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the

impact of lockdown for the next two years on the market. Some companies have done well in lockdown

also and specific strategic analysis of those companies is done in the report.

Global Helideck Monitoring System Market Dynamics:

With the rising depletion of oil reserves present on the land, humans have started focusing on vast oceans for exploring and digging oil reserves. This has resulted in a rise in demand for mediums that can be used for transporting goods required for construction and maintenance of deep-sea oil & gas rigs and personnel that monitors the ongoing work. An increase in the use of rotary aircraft as a means of fast and safe mode of transportation and need of machinery that helps in monitoring the docking and flight time management by analyzing weather and other factors has propelled the demand for Helideck Monitoring System.

The Marine Drilling industry relies heavily on helicopters. The presence of rough weather conditions has resulted in a total number of 897 accidents of helicopters carrying personnel in North America alone from 2003 to 2010. Helideck Monitoring System was devised to provide real-time data related to motion severity index and wind severity index that helps in providing suitable time for take-off and landing of helicopters. An increase in the concerns over the risk of life has increased the demand for Helideck Monitoring System by government and private players.

A report by World Energy Council published in June 2018 states that an increase has been observed in the number of pro-active initiatives taken by Asian countries related to establishing deepwater oil exploration and digging facilities. The rise in the population and growing demand for oil and gas by people living in this region has forecasted the Asia-Pacific region to dominate the Global Helideck Monitoring System Market in the coming years.

A report by UNCTAD published in August 2019, states that more than 70% of the global trade by value is carried through the medium of sea. The same report states that more than 11 billion tonnes of cargo was transported through the medium of the sea and has forecasted the global trade by sea will touch the mark of 20 billion tonnes by 2025. An increase in the cases of piracy and rising demand for advanced machinery for monitoring the sea and navigating routes has resulted in a growth in demand for Helideck Monitoring System by the commercial maritime sector.

An increase in the naval conflict between countries like the US-China, China-Japan, and Israel-Iran along with the long duration required for building naval bases has resulted in a rising preference for floating or temporary naval bases that can be used as per convenience by the naval forces. The unstable nature of these bases and rising demand for air cover by the naval forces in pirates-laden and geographically challenging regions has resulted in a rise in demand for Helideck Monitoring System by the global defense sector.

The delicate nature of the hardware and its ability to sustain in rough conditions has resulted in a rise in demand for a sustainable monitoring system that requires low maintenance. To tap this rising demand Finland-based Vaisala have launched its new product HMT 370EX on February 23, 2021. This product holds a technologically advanced version in the Helideck Monitoring products and provides graphical displays with data and trend viewing functions along with sustainable and low-maintenance hardware.

An increase in the oil exploration projects and rising demand for advanced monitoring technology by the commercial sector act as the driving factor for the growth of the Global Helideck Monitoring Market.

Restraints:

The high cost associated with the maintenance of the hardware is the major restraining factor here.
The long time required for completing marine construction projects is limiting the growth of the Global Helideck Monitoring Market.

Global Helideck Monitoring System Market Segment Analysis:

By System, The rising preference for the replacement of devices that helps in formulating solutions for landing has forecasted the Hardware segment to dominate the System Segment of the Global Helideck Monitoring System Market in the coming years. The rising preference for the use of cloud-based technology that simplifies the presentation of the data gathered has resulted in a 3.1% increase in demand for Software from 2018 through 2020 by the air traffic controllers operating in sea oil refineries.

By Vertical, An increase in the deep sea oil drilling projects and rising demand for rotary aircraft as the safe medium for transporting people to and from the work destination has forecasted Oil & Gas sector to dominate the Vertical segment of the Global Helideck Monitoring System Market in the coming years. An increase in the use of floating naval bases by the defense sector of countries like the UK, and China has resulted in a 3.6% increase in demand for Helideck Monitoring systems in the second decade of this century.

The rising demand for advanced machinery to manage traffic congestion in the docking region has resulted in a 2.6% increase in demand for the Helideck Monitoring System from 2016 through 2020 by some of the world’s busiest ports like Rotterdam, Shenzhen, Hong-Kong, and Busan.

By Application, An increase in the use of sea routes for commencing global trade has forecasted the commercial segment to dominate the Application segment of the Global Helideck Monitoring System Market in the coming years. An increase in the use of rotary aircraft by the naval forces operating in international water has resulted in a 3.4% increase in demand for the Helideck Monitoring System in 2018 as compared to the duration of 2015 to 2017 by the defense sector of countries like the US and China.

By End Use, The preference for fully functional and ready-to-use machinery by the defense sector has forecasted the OEM’s to dominate the End-Use segment of the Global Helideck Monitoring System Market in the coming years. The rising preference for the use of cost-efficient navigation and monitoring technology by the commercial sector has resulted in a 1.7% increase in the sales of Helideck Monitoring Systems in 2018 as compared to the duration of 2015-2017 through the medium of Aftermarket.

Global Helideck Monitoring System Market Regional Insights

Region-wise, North America is the biggest market for Helideck Monitoring System. An increase in the deep sea oil exploration mission has resulted in a 4.2% increase in demand for Helideck Monitoring System from 2017 through 2020 by the governments and private players present in this region. The rising preference for the use of temporary naval bases by the navy of countries like the US has resulted in a 3% increase in the use of the Helideck Monitoring System in the second decade of this century by the defense sector present in this region.

The presence of big maritime industry and rising expenditure on strengthening the technological ability of navy by the countries like the UK has resulted in a 3.5% increase in demand for Helideck Monitoring System in 2019 as compared to the duration of 2016-2018 by the commercial and defense sector present in Europe.
An increase in the use of Helicopters as a medium of transportation for personnel working in oil rigs has resulted in a 2.6% increase in demand for Helideck Monitoring System by Oil & Gas sector present in the Asia-Pacific. The presence of established sea routes for commencing trade with the western world and increased demand for advanced technology for marine navigation and monitoring has resulted in a 3.1% increase in demand for Helideck Monitoring System from 2017 through 2020 by the commercial sector present in this region.

The role of a trade intermediary and presence of some of the world’s busiest ports has resulted in a 2.2% increase in demand for Helideck Monitoring System from 2018 through 2020 by traffic management bodies present in the Middle East and Africa. The South American market is showing a low growth rate, the reason for which is the lack of technological infrastructure required for operating advanced monitoring equipment on a large scale.

The objective of the report is to present a comprehensive analysis of the global Helideck Monitoring System market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Helideck Monitoring System market dynamics, structure by analyzing the market segments and Project the global Helideck Monitoring System market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Helideck Monitoring System market make the report investor’s guide.

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Global Helideck Monitoring System Market Scope: Inquire before buying

Global Helideck Monitoring System Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Global Helideck Monitoring System Market Key Players

• ABB Ltd.
• Automasjon & Data AS
• Miros Group
• Shore Connection International AS
• SMC Corporation
• Fugro N.V.
• AWA Marine
• BMT
• VAISALA
• Observator Group
• Southern Avionics Company
• Kongsberg Gruppen
• Rigstat LP
• Dynamax Inc.
• ASB Systems Pvt. Ltd.

FAQ’S:

1) What is the market share of the Global Helideck Monitoring System Market in 2019?
Answer: The Global Helideck Monitoring System Market was valued at US $ 193.60 Million in the year 2019.

2) Which is the dominating region for the Global Helideck Monitoring System Market?
Answer: The presence of a big inland naval transport transportation industry has resulted in making North America the biggest market for the Helideck Monitoring System.

3) What are the opportunities for technological development in the Global Helideck Monitoring System Market?
Answer: The use of eVTOL technology holds ample amount of opportunities in the Global Helideck Monitoring System Market.

4) Which factor acts as the driving factor for the growth of the Global Helideck Monitoring System Market?
Answer: Increased drilling projects by the government agencies and private players for oil and gas exploration act as the major driving factor for the growth of the Global Helideck Monitoring System Market.

5) What factors are restraining the growth of the Global Helideck Monitoring System Market?
Answer: The rising concerns over cybersecurity acts as the major restraining factor for the growth of the Global Helideck Monitoring System Market.

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