Helideck monitoring systems Market Trends, And Top Companies

The global helideck monitoring system market is predicted to reach USD 283.7 million by 2028, exhibiting a CAGR of 4.37% during the forecast period. The growing application of monitoring system in the oil & gas and marine industry will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Helideck Monitoring System Market Forecast, 2021-2028.” The market size stood at USD 200.3 million in 2020.

The Report Lists the Key Companies in the Helideck Monitoring System Market:

ABB (Switzerland)

ASB Systems PVT LTD. (India)

Automasjon & Data AS (Norway)

Fugro (The Netherlands)

KONGSBERG (Norway)

Miros Group (Norway)

Observator Group (The Netherlands)

RH Marine (The Netherlands)

ShoreConnection International AS (Norway)

SMC (The U.S.)

Vaisala (Finland)

Market Driver:

Increasing Use of Vessels to Fuel Demand

The industry for helideck monitoring systems is projected to experience robust growth due to the rising investments in naval projects. The increasing use of offshore vessels and rigs will drive the demand for these systems, as they play a crucial role in monitoring helidecks. These systems provide real-time information to helicopter pilots, enhancing safety during offshore operations and mitigating potential hazards. Additionally, stringent safety regulations concerning accidents have created a high demand for helideck monitoring systems, further propelling market growth. However, the market's progress may be impeded by cybersecurity concerns related to the safety and security of ships and vessels.

Massive Loss incurred by Oil and Gas Industry during COVID-19 Pandemic

The coronavirus has disrupted the production, transportation, and distribution in the oil and gas industry. Helicopter OEMs are expected to deliver 25% less helicopters due to disrupted supply chains, production halt, and financial crisis. The massive loss suffered by the OEMs will subsequently lead to reduced contracts and investments in the industry. Energy Information Administration (EIA) estimates that global liquid fuel production averaged 91.8 million b/d, which was in the second quarter of 2020 down 8.6 million b/d year over year.

The report answers the following questions:

What information can be obtained from this industry research report?

How are the industry trends analyzed in this report?

Does the report include vendor landscape analysis?

Are emerging trends addressed in the report?

What are the major drivers, challenges, and opportunities highlighted in the report?

What are the regional prospects for the market?

Who are key company players and what are their preferred strategies?

Key Development:

April 2019: Hensoldt announced the launch of a new flight data recorder for light helicopters. It integrates the latest sensor technology so that it can record flight, audio, and video data. It contains all the sensors for recording data such as temperature, speed, altitude, and direction.

Key features of helideck monitoring systems may include:

• Weather Monitoring: These systems often incorporate weather sensors to monitor meteorological conditions such as wind speed, wind direction, temperature, and visibility. This information is essential for determining whether it is safe to conduct helicopter operations.

• Motion Monitoring: Helideck monitoring systems can include motion sensors to measure the movement and inclination of the helideck due to waves or ship motions. This data helps determine the stability of the helideck during landing and takeoff.

• Fire and Gas Detection: Fire and gas detection sensors are integrated into some helideck monitoring systems to promptly identify any potential fire or gas leak hazards on the helideck.

• Lighting Systems: These systems may incorporate lighting solutions, including helideck perimeter lights and floodlights, to ensure proper visibility during day and night operations.

• Communication Systems: Helideck monitoring systems often include communication interfaces to facilitate seamless communication between the helideck personnel and helicopter pilots.

The helideck monitoring systems market has seen significant growth due to the increasing demand for offshore activities, such as oil and gas exploration, renewable energy projects, and maritime operations. The primary goal of these systems is to enhance safety and operational efficiency while complying with international regulations and standards, such as the International Civil Aviation Organization (ICAO) and the International Association of Oil & Gas Producers (IOGP) guidelines.

Key players in the helideck monitoring systems market are typically specialized companies that focus on providing comprehensive solutions tailored to the specific needs of offshore installations. These companies may offer a range of products, including monitoring hardware, software, installation services, and ongoing maintenance and support.

Information Source-

https://www.fortunebusinessinsights.com/helideck-monitoring-systems-hms-market-103537