#Voyage Data Recorders (VDR) Market

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Voyage Data Recorders (VDR) Market Leading Players Analysis Report 2021

Voyage Data Recorders (VDR) Market Leading Players Analysis Report 2021

The latest trending report Global Voyage Data Recorders (VDR) Market 2021 by Manufacturers Regions Type and Application Forecast to 2026 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis. The report will assist reader with better understanding and decision making. The Voyage Data Recorders (VDR) market report provides a detailed analysis of…

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Voyage Data Recorder Market Upcoming Opportunities, Demands and Forecast to 2027

Voyage Data Recorder Market is expected to reach USD 1880.03 Mn. by 2027, at a CAGR of 3.42% during the forecast period.

Voyage Data Recorder Market Overview:

The goal of this MMR report is to estimate the market size for Voyage Data Recorder. The global industry is covered in both qualitative and quantitative detail in this MMR Voyage Data Recorder Market Report. Learn about the most important Voyage Data Recorder market drivers, constraints, opportunities, success pressures, problems, and issues. Regions such as Asia Pacific, North America, Europe, and others will be split and anticipated further (ROW). In each region's major countries, these regions are further split and anticipated. Using secondary sources like as encyclopaedias, directories, and databases, Maximize Market Research found and compiled information for this large commercial investigation of the Voyage Data Recorder market. We contacted important industry and supplier experts as a primary source to get and evaluate critical information and assess the future prospects for the sector.

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Voyage Data Recorder Market Segmentation:

In terms of system type, the simplified voyage data recorder (S-VDR) segment dominated the market in 2021 and is predicted to continue to do so at a CAGR of 3.42 percent throughout the forecast period. The demands of IMO Performance Standard MSC.163 define S-VDR (78). It's a stripped-down version of VDR with a minimal price tag. It is mostly used to keep track of information that is critical to marine investigators. S-VDR explains the cause of the accident to the marine community and offers several preventative measures to improve future marine safety. As a result, the market's growth can be attributed to the increasing use and installation of S-VDR on passenger ships.

Voyage Data Recorder Market Competitors:

• Japan Radio Co. • Northrop Grumman Sperry Marine B.V. • Netwave Systems B.V. • Beijing Highlander Digital Technology Co., Ltd. • Consilium AB Publ. • Totem Plus Ltd • Orolia Maritime • Wartsila • Cargotec Corporation • DCSI LTD • Kelvin Hughes • Jotron AS • Maretron • Raytheon Company

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Voyage Data Recorder Market Regional Analysis:

Maximize market research Voyage Data Recorder North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are all covered in market reports. MMR investigates significant market segments and sub segments, as well as main market sectors, as part of this research. Use market research to its full potential Voyage Data Recorder Market reports rank creative nations in terms of market size, share, and volume. Quantity, area, sales, market chain systems, and trends are all included.

MMR used both direct and secondary research to provide a 360-degree analysis of the Voyage Data Recorder Market. This helped in understanding current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer behaviour, among other things. Primary research with industry professionals and opinion leaders from around the world backed up the findings. Various market estimation and data validation methodologies are used in compiling and validating the data. MMR also has its own data forecasting system, which predicts market growth till 2027.

COVID-19 Impact Analysis on Voyage Data Recorder Market:

During 2020 and 2021, the COVID-19 Rule had a significant impact on global, industry, and labour expectations. COVID-19 is a threat to society and way of living that requires prompt industry help and innovation. For Indian expats, COVID-19 creates a plethora of problems. Millions of migrant workers have lost their jobs as a result of the embargoes, are facing food shortages, and are anxious about their future.

The MMR study's overall goal is to improve our understanding of the current economy, COVID-19, and its consequences for the commercial sector. In most industries, sectors, and fields, the COVID-19 is followed by MMR. You may assess how COVID-19 will impact industry losses and growth with the Maximize Market Research Report (MMR).

Key Questions Answered in the Voyage Data Recorder Market Report are:

Which product segment grabbed the largest share in the Voyage Data Recorder market?

How is the competitive scenario of the Voyage Data Recorder market?

Which are the key factors aiding the Voyage Data Recorder market growth?

Which region holds the maximum share in the Voyage Data Recorder market?

What will be the CAGR of the Voyage Data Recorder market during the forecast period?

Which application segment emerged as the leading segment in the Voyage Data Recorder market?

Which are the prominent players in the Voyage Data Recorder market?

What key trends are likely to emerge in the Voyage Data Recorder market in the forecast period?

What is the expected Voyage Data Recorder market size by 2027?

Which company held the largest share in the Voyage Data Recorder market?

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This report elaborates the market size, market characteristics, and market growth of the Voyage Data Recorders (Vdr) industry, and breaks down according to the type, application, and consumption area of Voyage Data Recorders (Vdr). The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

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Voyage Data Recorder Market Size - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027.

Market Overview

The global voyage data recorder (VDR) market is predicted to garner USD 1,798.2 million, grabbing a CAGR of 2.25% during the forecast period (2017 to 2023) owing to the improved safety standards in the maritime sector, asserts Market Research Future (MRFR). Voyage data recorder or (VDR) is referred to as a record-keeping device which is specifically invented to be installed in a watercraft. A VDR helps to gather information from various sensors on board and later stores it in an externally mounted protective storage unit. The recording is then recovered in a digitized and compressed format and is used for later investigation in the event of accidents.

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Competitive Landscape

The prominent players operating the global voyage data recorder (VDR) market are Danelec Marine A/S (Denmark), Northrop Grumman Sperry Marine B.V. (UK), Netwave Systems B.V. (The Netherlands), Beijing Highlander Digital Technology Co. Ltd. (China), Digital Control Systems International Ltd. (Greece), INTERSCHALT maritime systems GmbH (Germany), Furuno Electric CO. Ltd. (Japan), Totem Plus Ltd. (Israel), Japan Radio Co. Ltd. (Japan), and Consilium AB (Sweden)

Market Segmentation

The global voyage data recorder (VDR) market has been segmented on the basis of type and application.

By mode of type, the global voyage data recorder (VDR) market has been segmented into general voyage data recorder and simplified voyage data recorder. Among these, the general voyage data recorder segment is considered to occupy the largest market share of 62.8% in 2016. The segment is considered to expand at the highest CAGR of 2.29% throughout the appraisal period.

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Regional Analysis

Geographically, the voyage data recorder (VDR) market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the North American region is considered to dominate the global voyage data recorders market grabbing a share of 40.4%. The region leads in terms of technological advancements and expenditure, thereby generating high demand for VDRs. The market in this region is mainly dominated by the U.S., although Canada makes some investments in the development of such systems. Moreover, growing expenditure on naval ships will further add impetus to the market growth.

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Voyage Data Recorder (VDR) Market Overview | Forecast 2020-2027 | Danelec Marine A/S, FURUNO ELECTRIC CO., LTD, CARGOTEC CORPORATION

Market Scenario

The global voyage data recorder (VDR) market is predicted to garner USD 1,798.2 million, grabbing a CAGR of 2.25% during the forecast period (2017 to 2023) owing to the improved safety standards in the maritime sector, asserts Market Research Future (MRFR). Voyage data recorder or (VDR) is referred to as a record-keeping device which is specifically invented to be installed in a watercraft. A VDR helps to gather information from various sensors on board and later stores it in an externally mounted protective storage unit. The recording is then recovered in a digitized and compressed format and is used for later investigation in the event of accidents.

Drivers and Constraints Impacting the Market

With improved safety standards in the maritime sector, the global voyage data recorder is estimated to flourish during the appraisal period. Organizations like International Maritime Organization (IMO), Safety of Life at Sea (SOLAS), and other regional associations have come up with mandates in order to ensure the safety of the maritime sector. Moreover, as the demand for unmanned undersea vehicles is increasing for mine countermeasures operations, naval intelligence, anti-submarine warfare missions, and ISR roles, it is creating opportunities for the market during the assessment period. The market is also gearing up due to several factors such as the advent of advanced VDR technologies, improved safety standards at sea, and proactive usage of VDRs. Additional factors such as strict government mandates for using diesel exhaust fluid, the growing use of selective catalytic reduction technology, and rising production of vehicles are promoting the market growth. With technological advancements and e-commerce, and industrial revolution in the emerging economies, the marine industry is likely to reshape, thereby contributing to the growth of the market during the appraisal period.

On the flip side, the high cost of next-generation black boxes is one of the major factors considered to impede the market growth during the appraisal period.

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Global Voyage Data Recorder (VDR) Market: Segmental Analysis

The global voyage data recorder (VDR) market has been segmented on the basis of type and application.

By mode of type, the global voyage data recorder (VDR) market has been segmented into general voyage data recorder and simplified voyage data recorder. Among these, the general voyage data recorder segment is considered to occupy the largest market share of 62.8% in 2016. The segment is considered to expand at the highest CAGR of 2.29% throughout the appraisal period.

By mode of application, the global voyage data recorder (VDR) market has been segmented into cargo ship, passenger ship, and naval ship. Among these, the cargo ships segment is likely to occupy the largest market share of 67.0% in 2016. The segment is considered to expand at the highest CAGR with 2.42% in the coming years. The segment growth is credited to the rising investment in the port infrastructure coupled with globalization.

Regional Insights

Geographically, the voyage data recorder (VDR) market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the North American region is considered to dominate the global voyage data recorders market grabbing a share of 40.4%. The region leads in terms of technological advancements and expenditure, thereby generating high demand for VDRs. The market in this region is mainly dominated by the U.S., although Canada makes some investments in the development of such systems. Moreover, growing expenditure on naval ships will further add impetus to the market growth.

Europe is the second largest region as some of the major European countries like France, the UK, Russia, and Germany, with vast coastlines, are home to marine industries and organizations, besides their large naval forces.

Industry Updates

March 03, 2018: Danelec Marine along with global distributor Mackay Marine is almost completing their Voyage Data Recorder retrofit program for Diamond S Shipping’s fleet of 30 medium-range product tankers. Mackay has installed Danelec’s new-generation DM100 VDRs on their ships as replacements for the existing VDRs.

Competitive Dashboard

The prominent players operating the global voyage data recorder (VDR) market are Danelec Marine A/S (Denmark), Northrop Grumman Sperry Marine B.V. (UK), Netwave Systems B.V. (The Netherlands), Beijing Highlander Digital Technology Co. Ltd. (China), Digital Control Systems International Ltd. (Greece), INTERSCHALT maritime systems GmbH (Germany), Furuno Electric CO. Ltd. (Japan), Totem Plus Ltd. (Israel), Japan Radio Co. Ltd. (Japan), and Consilium AB (Sweden).

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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In-depth Research on Voyage Data Recorders (VDR) Industry 2020 Market Research Report

In-depth Research on Voyage Data Recorders (VDR) Industry 2020 Market Research Report

Voyage Data Recorders (VDR) Market Report

On a global scale, the Voyage Data Recorders (VDR) market is currently showing significant development. The Voyage Data Recorders (VDR) marketis experiencing a growth velocity due to the new product prototype versions, world market dynamics, topological variations, economic statistics, product demands and sales that is taking place in the present day. The…

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Global Skincare Devices Industry: Key Trends, Challenges and Standardization to 2026

Global Skincare Devices Industry: Key Trends, Challenges and Standardization to 2026

The recent report titled “Skincare Devices Market” and forecast to 2026 published by KandJ Market Research is a focused study encompassing the market segmentation primarily based on type and application. The report investigates the key drivers leading to the growth of the Simplified Voyage Data Recorders (VDR) market during the forecast period and analyzes the factors that may hamper the market…

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Global Voyage Data Recorders (VDR) Market 2019 | Manufacturers In-Depth Analysis Report to 2024

The latest trending report Global Voyage Data Recorders (VDR) Market 2019-2024 added by DecisionDatabases.com.

The worldwide market for Voyage Data Recorders (VDR) is expected to grow at a CAGR of roughly  over the next five years, will reach  million US$ in 2024, from  million US$ in 2019.

This report focuses on the Voyage Data Recorders (VDR) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/17498-voyage-data-recorders-vdr-market-analysis-report

Market Segment by Manufacturers, this report covers

    Japan Radio Co

    Furuno

    Interschalt Maritime Systems

    Consilium

    L-3 Communications

    Wartsila SAM Electronics

    Kongsberg Maritime

    Beijing Highlander

    Raytheon Anschutz

    Danelec Marine

    Kelvin Hughes

    Maretron

Market Segment by Regions, regional analysis covers

    North America (United States, Canada and Mexico)

    Europe (Germany, France, UK, Russia and Italy)

    Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

    South America (Brazil, Argentina, Colombia etc.)

    Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

    General Voyage Data Recorder

    Simplified Voyage Data Recorder

Market Segment by Applications, can be divided into

    Passenger Ship

    Cargo Ship

    Naval Ship

    Others

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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Voyage Data Recorders (VDR) product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Voyage Data Recorders (VDR), with price, sales, revenue and global market share of Voyage Data Recorders (VDR) in 2017 and 2018. Chapter 3, the Voyage Data Recorders (VDR) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Voyage Data Recorders (VDR) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Voyage Data Recorders (VDR) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Voyage Data Recorders (VDR) sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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2015-2023 World Simplified Voyage Data Recorders (VDR) Market Research Report by Product Type, End-User / Application and Regions / Countries

2015-2023 World Simplified Voyage Data Recorders (VDR) Market Research Report by Product Type, End-User / Application and Regions / Countries

Get Market Research publishes the following report: 2015-2023 World Simplified Voyage Data Recorders (VDR) Market Research Report by Product Type, End-User / Application and Regions / Countries

Summary

Date Published: 2018-03-06 00:00:00

Pages: 131

Category: Machinery and Equipment

This report includes market status and forecast of global and major regions, with introduction of vendors, regions,…