"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Helideck Monitoring System Market Size, Share & Industry Analysis, By Vertical (Marine, Oil & Gas), System (Hardware (Wind, GPS Sensors, Motion, Meteorology), Software), Application (Commercial, Defense), End-Use (OEMs, Aftermarket) and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI103537

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global helideck monitoring system market size was USD 200.3 million in 2020 and is projected to reach USD 283.7 million by 2028, exhibiting a CAGR of 4.37% during the forecast period.

WE ARE IN THE PROCESS OF REVAMPING Helideck monitoring systems (HMS) Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT

Request Sample

The growing demand for helideck monitoring systems owing to exceptional weather information and accurate data analysis is projected to fuel the market in the forthcoming years. Helideck monitoring is a system that offers precise information about weather and helideck motion during helicopter landing and take-offs. The system helps in improving passenger and flight safety by monitoring the extreme weather condition of the helicopter ports. The system can interface with various weather sensors such as wind direction, wind speed, QFE/QNH Barometric, humidity, temperature sensors, cloud height, and visibility motion. It has numerous applications in the marine and oil and gas industries. These factors are likely to propel the demand for such advanced systems around the world.


Oil and Gas Industry is Facing Unprecedented Challenges due to the COVID-19 Pandemic


The COVID-19 virus outbreak has majorly impacted the helicopter industry, resulting in decline production, delayed product deliveries, contracts on hold, and others. Helicopter OEMs are expected to deliver 25% fewer helicopters due to disrupted supply chains, production halt, and financial crisis. Offshore-equipped and configured support helicopters suffered a lot due to GDP contraction, reduced contracts, and investments. According to IBA Group Ltd., the future projections reveal a cutdown of 20-25% in the oil and gas industry. In the second quarter of 2020, Energy Information Administration (EIA) estimates that global liquid fuel production averaged 91.8 million b/d, which was in the second quarter of 2020, down 8.6 million b/d year over year. All these downturns are likely to have a negative impact on the market in the forthcoming years.


LATEST TRENDS


Request a Free sample to learn more about this report.


Introduction of innovative eVTOL Technology to Propel the Market Growth Globally


In recent years, the helicopter industry is witnessing strong growth due to increasing demand for numerous applications such as oil & gas and marine. The rise in the research and development capabilities by original equipment manufacturers (OEMs) in the eVTOL concept is likely to showcase significant growth in the near future. eVTOL provides features such as vertical take-off and landing (VTOL) capability, automation of controls, and electrification of lift and thrusts. It provides a low noise level, high safety, reduced weight, and low operating costs.


With the growing use of electric propulsion, the latest technology emerged as user-friendly, faster, reliable, and highly efficient for overall operation. Development of compatible software for helideck monitoring systems that provide weather information such as wind speed and direction, temperature, and cloud data. Recently, Observator Group launched the OIC-2020 helideck monitoring system HMS 2.0 that has reduced cost, compact design, and less cabling during installation.


DRIVING FACTORS


Rising Offshore Oil and Gas Exploration Activities to Drive the Market


Growing investments in oil and gas exploration and production in countries such as the U.S., Canada, Saudi Arabia, China are creating a high demand for offshore helicopters. As per the data shown by Rystad Energy, global offshore investments were nearly USD 155 billion. Increasing offshore oil and gas exploration projects and rising investments from countries in the Middle East drive the growth of the market. According to World Oil’s survey, global offshore drilling will rise by 4.7% with an increase in every region. In 2019, the U.S. became the largest crude oil producer by surpassing Russia.


Escalating use of Ships and Vessels to Boost Demand for Helideck Monitoring Systems


Nowadays, offshore vessels and rigs are completely dependent on helicopters for crew and equipment transportation to and from work. An increasing number of ships, growing investments in naval projects, and rising global trade through sea are factors boosting the helideck monitoring system market growth. The helideck monitoring system provides real-time information for helicopter pilots that helped in reducing the risks of potential hazards in offshore operations. Furthermore, stringent safety norms to avoid accidents may lead to improved demand for monitoring systems.  


RESTRAINING FACTORS


Concerns about Cyber Attacks to Hamper Market Growth


The helideck monitoring system monitors air temperature and barometric pressure, wind speed and direction, vertical velocity, and helideck attitude. The helideck report includes motion data, meteorological data, vessel information, and logistic data useful for helicopter operations. Sensors are interfaced with meteorological software to analyze data from hardware systems.


In the last few years, the four biggest maritime shipping companies APM-Maersk, Mediterranean Shipping Company, COSCO, and CMA CGM suffered security threats. The malware lands on the internal IT network of the ship and target shore-based systems. Thus, the digitalization of ships and vessels can help receive information through software leading to cyber-attacks and subsequently hindering safety and security.


SEGMENTATION


By Vertical Analysis


Oil And Gas Segment Dominated the Market in Offshore Drilling 


Based on vertical, the market is segmented into oil and gas and marine. The oil and gas segment held a dominant share of the market in 2020. Dominance is due to increasing investments in offshore oil and gas exploration projects. The marine segment is estimated to experience significant growth during the forecast period. The growth is attributed to the rising trade via sea routes and increasing maritime vessel traffic along with the increasing number of ships and vessels across the globe.


By System Analysis


To know how our report can help streamline your business, Speak to Analyst


Advancement in the IoT Based Hardware is Driving the Growth of Hardware Segment


Based on the system, the market is classified as hardware and software. The hardware segment is further divided into wind, meteorology, global positioning system (GPS) sensors, and motion sensors. The hardware segment held the largest share of the market in 2020. Dominance is due to the increasing demand for a helideck monitoring system for real-time weather information supported by IoT-based hardware and systems. Regular replacement of hardware components will drive the growth of the segment. The software segment is projected to show significant growth during the forecast period due to the increasing demand for meteorological software for real-time data. The software generates reports such as Meteorological Aerodrome Reports (METAR) and Terminal Aerodrome Forecasts (TAFs) for helicopter pilots.


By Application Analysis


Growing Maritime Vessel Traffic is Propelling the Growth of Commercial Segment


Based on the application, the market is segmented into commercial and defense. The commercial segment is predicted to grow at the highest CAGR during 2021-2028. The growth is attributed due to the increasing ships and vessel traffic and growing sea trade. The majority of world trade is carried out by the sea. The defense segment will showcase significant growth owing to increasing investment in naval forces and rising procurement of naval helicopters from emerging economies such as China and India.


By End-Use Analysis


Aftermarket Segment is Anticipated to Show Significant Growth during the Forecasts Period


Based on end-use, the market is classified as OEMs and Aftermarket. The aftermarket segment holds the highest market share in 2020 and continues its domination during the forecast period. The growth is due to the regular replacement of hardware components such as wind sensors, temperature sensors, GPS sensors, and others. The shorter lifespan of hardware systems requires regular maintenance and replacement that drive the growth of the market. The original equipment manufacturer (OEM) segment is estimated to show significant growth owing to increasing ship deliveries and growing maritime traffic.


REGIONAL INSIGHTS


North America Helideck Monitoring System Market Size, 2020 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample


The market size in North America stood at USD 63.3 million in 2020. The dominance of this region is attributable to the expansion of the oil and gas industry in the U.S. and Canada and the presence of the highest number of naval ships across the region. Increasing expenditure on the defense sector for the procurement of naval ships will drive the growth of the market.


Europe registers a remarkable growth in the global helideck monitoring system market due to the presence of a large number of helicopter fleets in countries such as the U.K, France, Russia, and Germany. Additionally, the presence of key players such as Fugro, Vaisala, Observator Group, RH Marine, and others drive the market across the region.


Asia Pacific is expected to exhibit healthy growth during the forecast period owing to the expanding oil and gas industry in emerging economies such as China and India. In addition to this, Australia has major helicopter fleets with a large number of oil and gas exploration projects, thus driving the market across the region. The rest of the world registers significant growth during the forecast period. This growth is attributed to growing sea trade and oil exploration projects in the Middle East & Africa.


KEY INDUSTRY PLAYERS


Development of Next Generation Helideck Monitoring System (HMS) for Real-Time Information is Propelling the Market Growth


Major companies are implementing the design and development of advanced HMS with compact design, low cost, and less cabling during installations. A diversified product portfolio of hardware and software, along with innovative research technology adopted by key players, is the major factor driving the market. In the second half of 2020, Observator Group is planning to launch OIC 2021 HMS 3.0, the latest version of the helideck monitoring system. The new system will include smart software and is expected to be compliant with the latest standards of the Civil Aviation Authority (CAA) and the Helideck Certification Agency (HCA). Navis Technology Ltd. introduced Elements HMS compliant with the latest CAP 437 and HCA requirements. It provides features such as modern, user-friendly, reliable, full system supply, and integrated web portals. 


LIST OF KEY COMPANIES PROFILED:



  • ABB (Switzerland)

  • ASB Systems PVT LTD. (India)

  • Automasjon & Data AS (Norway)

  • Fugro (The Netherlands)

  • KONGSBERG (Norway)

  • Miros Group (Norway)

  • Observator Group (The Netherlands)

  • RH Marine (The Netherlands)

  • ShoreConnection International AS (Norway)

  • SMC (The U.S.)

  • Vaisala (Finland)


KEY INDUSTRY DEVELOPMENTS:



  • July 2020 –Semco Maritime signed a 1-year service contract with Orsted. Under the contract, Semco Maritime will look after maintenance work on the substations’ LV safety, utilities and fire, and structural systems. Additionally, the contract includes upgrading the helideck system on the Borkum Riffgrund 1 substation.

  • July 2017–Observator Group signed a contract with Germany to supply the helideck monitoring system or the Borkum Riffgrund 2 offshore substation in the German North Sea.


REPORT COVERAGE


To gain extensive insights into the market, Request for Customization


The market research report provides an in-depth technical analysis of the market and majorly focuses on key aspects such as leading market players, COVID-19 effect on the market, leading technological trends, hardware systems, and research ideology of the product. Besides this, the report offers insights into the market trends and highlights key industry developments & trends. In addition to the aforesaid factors, the report provides multiple factors that will contribute towards the growth of the market during the forecast period.


Report Scope & Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Million)



Segmentation



By Vertical



  • Marine

  • Oil & Gas



By System



  • Hardware

    • Wind

    • Meteorology

    • GPS Sensors

    • Motion



  • Software



By Application



  • Commercial

  • Defense



By End Use



  • OEMs

  • Aftermarket



By Geography



  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)

  • Rest of the World (Latin America, and the Middle East & Africa)



Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 200.3 million in 2020 and is projected to reach USD 283.7 million by 2028.

In 2020, the North America market value stood at USD 63.3 million.

Growing at a CAGR of 4.37%, the market will exhibit steady growth in the forecast period (2021-2028).

The hardware segment is expected to be the leading segment in this market during the forecast period.

Increasing offshore oil and gas exploration projects are propelling the growth of the market.

Fugro, Observator Group, SMC, ABB, RH Marine, KONGSBERG, and Vaisala are major players in the global market.

North America dominated the market share in 2020.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Mar, 2021
  • 2019
  • 2016-2018
  • 176

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X