Latest Research on Global Helideck Monitoring System Market

Posted by Marsh William on October 5th, 2018

5 October 2018 -

The global Helideck Monitoring System Market size is projected to reach USD 257.1 million by 2025. Growing need for digitalization of ships to gather weather forecasting and real-time data required during pre-flight planning is expected to drive market over the forecast period. In addition, government initiatives and increased spending on shipbuilding by manufacturers is expected to create potential opportunity for system manufacturers and components suppliers. Helideck monitoring systems are extensively used in offshore oil and gas rigs. Increasing offshore production and trade of oil and gas is expected to promote their adoption. Complete, timely, and accurate meteorological observations to support efficient and safe helicopter operations will also spur growth in the market.

Hardware systems dominated the market in 2017. Motion sensors, meteorological sensors, and weather sensors are replaced or repaired frequently, which adds to the demand for helideck monitoring systems.

Presence of large number of component suppliers is also expected to propel market growth over the forecast period. On the other hand, software segment is expected to grow steadily over the forecast period. In terms of end-use application, commercial deployments dominated helideck monitoring system market in 2017 and is expected to continue leading over the forecast period. Increasing offshore oil and gas exploration projects is expected to provide growth opportunity in near future.

Shortage of qualified professionals for system deployment presents a key challenge for market players. Development in the field of smart antenna, growing use of Micro-Electro-Mechanical Systems (MEMS) and rise in Wireless Sensor Networks (WSN) technology is expected to digitalize shipping industry. Always-on connectivity is anticipated to empower global shipping industry and drive the market for helideck monitoring systems over the forecast period. However, digitization of maritime sector raises concern related to cybersecurity.

Browse Details of Report @ https://www.hexaresearch.com/research-report/helideck-monitoring-system-market