Helideck Monitoring System Market Outlook
According to a new report by Expert Market Research titled, “Helideck Monitoring System Market Size, Share, Analysis, Report and Forecast 2023-2028″, the helideck monitoring system market is projected to grow at a CAGR of 4.40% between 2023 and 2028. Aided by the growing demand for real-time, accurate helideck motion data and the expanding applications of helideck monitoring systems across various industries, the market is expected to grow significantly by 2028.
Helideck monitoring systems provide critical operational safety measures for offshore helicopter flights, supplying real-time data about helideck movement, meteorological conditions, and motion parameters. These systems play a pivotal role in ensuring safe take-off and landing of helicopters, particularly in offshore oil and gas operations, where environmental conditions can be volatile.
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The rising requirement for safety in offshore operations is a primary driver of the global helideck monitoring system market growth. With increasing awareness of the risk factors associated with offshore aviation and the regulatory pressure to ensure operational safety, there has been a substantial rise in demand for real-time and accurate helideck monitoring systems. Moreover, the expanding offshore oil and gas industry further contributes to the demand for such systems as it facilitates safer and more efficient aviation operations.
In addition, the expanding applications of helideck monitoring systems in various sectors also significantly influence the helideck monitoring system market demand. For instance, in the maritime industry, these systems are increasingly being adopted to ensure the safe landing and take-off of helicopters on ships. Additionally, these systems are finding novel applications in renewable energy sectors, particularly offshore wind farms, where they aid in the safe transfer of personnel.
Further, the growing need for efficient emergency response systems has led to increased focus on helideck monitoring systems as a vital component, aiding the helideck monitoring system market expansion. With the rise of offshore exploration and increasing instances of natural disasters, these systems have become critical in coordinating and ensuring safe emergency response operations.
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The increasing use of advanced technology by end users in order to increase productivity and security along with the strict marine safety regulations are the key factors boosting the helideck monitoring system market expansion. The system also offers helicopter pilots real-time data that might be useful during possible risks in offshore activities, further fostering market expansion.
Helideck Monitoring System Market Segmentation
The market can be divided based on vertical, system, application, end use, and region.
Market Breakup by Vertical
- Marine
- Oil and Gas
Market Breakup by System
- Hardware
- Software
Market Breakup by Application
- Commercial
- Defence
Market Breakup by End Use
- OEMs
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global helideck monitoring system companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- ABB
- ASB Systems Pvt Ltd.
- Automasjon and Data AS
- Fugro
- Kongsberg
- Miros Group
- Observator Group
- Others
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