Global Voyage Data Recorders (VDR) Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Voyage Data Recorders (VDR) 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 Recorders (VDR) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Voyage Data Recorders (VDR) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Voyage Data Recorders (VDR) 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 Recorders (VDR).

The global Voyage Data Recorders (VDR) market size is projected to grow from US$ 845.2 million in 2022 to US$ 948.4 million in 2029; it is expected to grow at a CAGR of 948.4 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 Recorders (VDR) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

General Voyage Data Recorder

Simplified Voyage Data Recorder

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

Navis

Consilium

L-3 Communications

Wartsila 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 Recorders (VDR) market?

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

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

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

How does Voyage Data Recorders (VDR) 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.