Global Voyage Data Recorder (VDR) System Market Growth 2023-2029

Global Voyage Data Recorder (VDR) System Market Growth 2023-2029

Voyage data recorder, or VDR, is a data recording system designed for all vessels required to comply with the IMO's International Convention SOLAS Requirements (IMO Res A861(20)) in order to collect data from various sensors on board the vessel. It then digitizes, compresses and stores this information in an externally mounted protective storage unit. The protective storage unit is a tamper-proof unit designed to withstand the extreme shock, impact, pressure and heat, which could be associated with a marine incident (fire, explosion, collision, sinking, etc.).

LPI (LP Information)' newest research report, the “Voyage Data Recorder (VDR) System Industry Forecast” looks at past sales and reviews total world Voyage Data Recorder (VDR) System sales in 2022, providing a comprehensive analysis by region and market sector of projected Voyage Data Recorder (VDR) System sales for 2023 through 2029. With Voyage Data Recorder (VDR) System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Voyage Data Recorder (VDR) System industry.

This Insight Report provides a comprehensive analysis of the global Voyage Data Recorder (VDR) System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Voyage Data Recorder (VDR) System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Voyage Data Recorder (VDR) System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Voyage Data Recorder (VDR) System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Voyage Data Recorder (VDR) System.

The global Voyage Data Recorder (VDR) System market size is projected to grow from US$ 845.2 million in 2022 to US$ 1171.3 million in 2029; it is expected to grow at a CAGR of 1171.3 from 2023 to 2029.

Global Voyage Data Recorders (VDR) key players include Japan Radio Co, Furuno, Orolia Maritime, Danelec Marine, Interschalt Maritime Systems, etc. Global top five players hold a share about 60%. Europe is the largest market, with a share about 35%, followed by China and Japan, having a total share about 45 percent. In terms of product, General Voyage Data Recorder is the largest segment, with a share about 60%. And in terms of application, the largest application is Cargo Ship, followed by Cargo Ship, Naval Ship, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Voyage Data Recorder (VDR) System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
General Voyage Data Recorder System
Simplified Voyage Data Recorder System

Segmentation by application
Passenger Ship
Cargo Ship
Naval Ship
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Japan Radio Co
Furuno
Interschalt Maritime Systems
Consilium
L-3 Communications
Wärtsilä SAM Electronics
Kongsberg Maritime
Beijing Highlander
Raytheon Anschutz
Danelec Marine
Kelvin Hughes
Maretron

Key Questions Addressed in this Report

What is the 10-year outlook for the global Voyage Data Recorder (VDR) System market?

What factors are driving Voyage Data Recorder (VDR) System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Voyage Data Recorder (VDR) System market opportunities vary by end market size?

How does Voyage Data Recorder (VDR) System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.