Helideck monitoring systems (HMS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Helideck Monitoring Systems Market
The helideck monitoring systems market size was valued at USD 200.3 million in 2020, and the market is now projected to grow USD 377.70 million in 2032, exhibiting a CAGR of 5.00% during the forecast period of 2024-2032.
The COVID-19 outbreak affected the helicopter industry greatly which led into a reduction in production of helicopters, more delayed deliveries, and cancellation of contracts. Supplier OEMs are also likely to deliver 25 percent fewer helicopters because of the global credit crunch and supply chain issues. Offshore support has been tested by smaller contracts and investments inclusive of oil and gas industries, which are expected to shrink by 20-25%. The industry was impacted yet again as the global liquid fuel production declined to 8.6 million b/d in Q2 2020. These current down turns are likely to affect the market in the future years.
Rising capex on offshore oil and gas operations particularly in regions such as the US, Canada, Saudi Arabia, and China have led to considerable traffic generation in the offshore helicopters segment. Rystad Energy quoted global offshore investments at nearly USD 155 billion. Increasing activity in exploring offshore oil and gas regions across the global, especially in the Middle-East region is expected to drive market growth. Thus, World Oil reported that worldwide offshore drilling should increase by 4.7%. Last year the U.S. became the largest producer of crude oil surpassing Russia.
The global market for helicopters is rapidly growing because of wearable demand in challenges such as oil and marine. The concept research and development done by OEMs will fuel growth Optimal features are eVTOL concept include, such as VTOL, automated controls, and electrification of Lift & Thrust. It also entails low noise, high safety, low weight, and cost of operation as compared to traditional machines. All these developments make eVTOL aerospace to be forecasted to have a bright future in tomorrow’s aviation industry.
Comprehensive Analysis of Helideck Monitoring Systems Market
The helideck monitoring systems market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by vertical analysis, by system analysis, by application analysis, and by end-use analysis. By vertical analysis include oil and gas and marine. By system analysis include wind, meteorology, global positioning system (GPS) sensors, and motion sensors. By application analysis include commercial and defense. By end-use analysis include OEMs and Aftermarket.
The North America region lead the helideck monitoring systems market share by benefitting a market size of USD 63.3 million in 2020 due to its Increasing expenditure on the defense sector.
The top players have a significant responsibility in the aerospace & defence industry for confirming industrial prospectus growth and determining the market trends. These players include, ABB, ASB Systems PVT LTD., Automasjon & Data AS, Fugro, KONGSBERG, Miros Group, Observator Group, RH Marine, ShoreConnection International AS, SMC, Vaisala these market players provide a level-playing competitive landscape.
In July 2020, Semco Maritime signed a 1-year service contract with Orsted to maintain substations' LV safety, utilities, fire, and structural systems, including upgrading the helideck system on the Borkum Riffgrund 1 substation.
Segmentation Table
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 AsiaPacific)
Rest of the World (Latin America, and the Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Helideck Monitoring System Market
- 5.1. Impact of COVID-19 on Global Helideck Monitoring System Market
- 5.2. Steps Taken by Industry/Companies/Governments to Overcome the Impact
- 5.3. Key Developments in The Industry in Response to COVID-19 Pandemic
- 5.4. Potential Opportunities Due to COVID-19 Outbreak
- 6. Global Helideck Monitoring System Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Vertical
- 6.2.1. Marine
- 6.2.2. Oil & Gas
- 6.3. Market Analysis, Insights and Forecast – By System
- 6.3.1. Hardware
- 6.3.1.1. Wind
- 6.3.1.2. Meteorology
- 6.3.1.3. GPS Sensors
- 6.3.1.4. Motion
- 6.3.2. Software
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Commercial
- 6.4.2. Defense
- 6.5. Market Analysis, Insights and Forecast – By End-Use
- 6.5.1. OEMs
- 6.5.2. Aftermarket
- 6.6. Market Analysis, Insights and Forecast – By Region
- 6.6.1. North America
- 6.6.2. Europe
- 6.6.3. Asia pacific
- 6.6.4. Rest of the world
- 7. North America Helideck Monitoring System Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Vertical
- 7.2.1. Marine
- 7.2.2. Oil & Gas
- 7.3. Market Analysis, Insights and Forecast – By System
- 7.3.1. Hardware
- 7.3.1.1. Wind
- 7.3.1.2. Meteorology
- 7.3.1.3. GPS Sensors
- 7.3.1.4. Motion
- 7.3.2. Software
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Commercial
- 7.4.2. Defense
- 7.5. Market Analysis, Insights and Forecast – By End-Use
- 7.5.1. OEMs
- 7.5.2. Aftermarket
- 7.6. Market Analysis – By Country
- 7.6.1. The U.S.
- 7.6.2. Canada
- 8. Europe Helideck Monitoring System Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Vertical
- 8.2.1. Marine
- 8.2.2. Oil & Gas
- 8.3. Market Analysis, Insights and Forecast – By System
- 8.3.1. Hardware
- 8.3.1.1. Wind
- 8.3.1.2. Meteorology
- 8.3.1.3. GPS Sensors
- 8.3.1.4. Motion
- 8.3.2. Software
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Commercial
- 8.4.2. Defense
- 8.5. Market Analysis, Insights and Forecast – By End-Use
- 8.5.1. OEMs
- 8.5.2. Aftermarket
- 8.6. Market Analysis – By Country
- 8.6.1. The U.K
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Russia
- 8.6.5. Rest of Europe
- 9. Asia Pacific Helideck Monitoring System Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Vertical
- 9.2.1. Marine
- 9.2.2. Oil & Gas
- 9.3. Market Analysis, Insights and Forecast – By System
- 9.3.1. Hardware
- 9.3.1.1. Wind
- 9.3.1.2. Meteorology
- 9.3.1.3. GPS Sensors
- 9.3.1.4. Motion
- 9.3.2. Software
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Commercial
- 9.4.2. Defense
- 9.5. Market Analysis, Insights and Forecast – By End-Use
- 9.5.1. OEMs
- 9.5.2. Aftermarket
- 9.6. Market Analysis – By Country
- 9.6.1. China
- 9.6.2. India
- 9.6.3. Japan
- 9.6.4. South Korea
- 9.6.5. Rest of Asia-Pacific
- 10. Rest of the World Helideck Monitoring System Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Vertical
- 10.2.1. Marine
- 10.2.2. Oil & Gas
- 10.3. Market Analysis, Insights and Forecast – By System
- 10.3.1. Hardware
- 10.3.1.1. Wind
- 10.3.1.2. Meteorology
- 10.3.1.3. GPS Sensors
- 10.3.1.4. Motion
- 10.3.2. Software
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Commercial
- 10.4.2. Defense
- 10.5. Market Analysis, Insights and Forecast – By End-Use
- 10.5.1. OEMs
- 10.5.2. Aftermarket
- 10.6. Market Analysis – By Sub-Region
- 10.6.1. The Middle East & Africa
- 10.6.2. Latin America
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2020)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. ABB
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. ASB Systems PVT LTD.
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. Automasjon & Data AS
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Fugro
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. KONGSBERG
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Miros Group
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Observator Group
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. RH Marine
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. ShoreConnection International AS
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. SMC
- 11.5.10.1. Overview,
- 11.5.10.2. Products & services,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability)
- 11.5.11. Vaisala
- 11.5.11.1. Overview,
- 11.5.11.2. Products & services,
- 11.5.11.3. SWOT analysis,
- 11.5.11.4. Recent developments,
- 11.5.11.5. strategies,
- 11.5.11.6. financials (based on availability)
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