Helideck Monitoring System Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2020-2026
Report ID: GMI4745
Helideck Monitoring System Market size is expected to rise exponentially through 2026 led by increasing activities of helicopters in various defense and commercial sectors. Helideck monitoring system is designed to measure weather conditions and changes in position of helideck during takeoff and landing to improve passenger safety in hostile environmental conditions, supporting market growth.
The rise in crude oil extraction activities is rising helicopter operation of offshore rigs, generating the demand for continuous weather monitoring, supporting market growth. There has been a notable upsurge in offshore meteorological observation centers, supporting offshore rigs by providing important weather data. Public engagement and requirement of such collected data to various government and non-government organizations are augmenting helideck monitoring system market growth.
Increasing geopolitical insurgencies between countries pose requirements to safeguard naval border is allowing countries across the globe to focus towards acquisitions of naval systems. The rise in defense budget expenditure toward the purchase of naval helicopters will create a market demand for advanced helideck monitoring system. For instance, in February 2020, India announced its plans to acquire 24 MH-60R naval helicopters worth USD 2.6 billion from Lockheed Martin.
The integration of various technologies with the helideck monitoring system will propel market growth. Industry participants are integrating various sensors and communication systems such as Virtual Automatic Identification systems (VAIS) to improve the operational efficiency of helideck monitoring systems. Enterprise are providing various optional systems, such as lightning detection system and helideck lighting, which can be integrated with existing package as per customer requirement, promoting market competitiveness
Introduction of new rules and regulations curtaining to operational safety of offshore helicopter landing areas will drive the helideck monitoring system market over the coming years. For instance, the latest upgrade for CAP 437 by Civil Aviation Authority (CAA) will be levied by April 2021. This will require a few mandatory updates with respect to the safety of helideck operation, positively impacting the market demand.
The helideck monitoring systems based on application can be segmented into offshore meteorological observation, oil & gas offshore rigs, defense application, and civil application. The oil & gas offshore rigs are expected to witness significant growth rate during the forecast timeframe of 2020 to 2026 due to increasing crude oil activities across the globe. The mining companies are going deep inside the ocean, away from the shore to continue mining operations. This has resulted in much longer flight time, work hours, and rotation in shift, increasing operations of helideck monitoring systems. Hostile weather conditions in oceans, which are hard to predict require highly advanced HMS capable of detecting such unusual activities.
The sensors in the component segment of helideck monitoring systems will capture the maximum market share followed by software. Innovations in sensors allowing them to generate more precise data in real time will support market growth. Technological integration with communication systems and introduction of various connectivity solutions, such as cloud, are supporting operational efficiency and increasing system transparency of HMS.
North America will capture a significant market share in the helideck monitoring system market due to the presence of the highest number of helicopters in the region. In 2019, the U.S. had a total of 9,348 commercial helicopters, which is four times more than the next largest fleet operating country, Canada. Presence of major helicopter manufacturers, such as Boeing, Bombardier, and Bell helicopters, are also supporting the market growth.
Enterprises operating in helideck monitoring systems actively participate in various tech and aviation expo to showcase their product offerings and improve their market presence. For instance, in March 2018, Shoreconnnection attended an international seminar on helideck offshore to showcase its product offerings. Some of the major players in the helideck monitoring system industry are ABB, ASB Systems, Automasjon & Data, AWA Marine, Dynamax, Fugro, Kongsberg Gruppen, Miros, Monitor Systems, Observator Group, RH Marine, Rigstat, Shoreconnection, and Vaisala.
Market, By Application, 2015-2026 (USD Million)
- Offshore Meteorological Observation
- Oil & Gas Offshore Rigs
- Military Naval Ships
- Naval Base
- Civil Naval Ships
- Commercial Ports
Market, By Component, 2015-2026 (USD Million)
- Helideck Motion Sensor
- Wave Height Sensor
- Lightning Detection System
- Global Positioning System (GPS)
- Helideck Lighting System
Market, By End-Use, 2015-2026 (USD Million)
The above information has been provided for the following regions and countries:
- North America
- New Zealand
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- ASB Systems
- Automasjon & Data
- AWA Marine
- Kongsberg Gruppen
- Monitor Systems
- Observator Group
- RH Marine
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