Voyage Data Recorders Vdr Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0083364
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.49 |
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The Voyage Data Recorders (VDR) Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 1,567.32 million. The growth of the market depends on several factors, including the increasing focus on maritime safety and security, the implementation of stringent regulations by maritime authorities, and the rising demand for data-driven insights in the shipping industry. Voyage Data Recorders, also known as VDRs, are electronic devices installed on ships to record and store crucial data related to the vessel's navigation, audio communications, and other parameters. They play a vital role in accident investigation, performance analysis, and compliance with international maritime regulations.
Voyage Data Recorders (VDR) Market Overview:
Drivers:
One of the key factors driving the Voyage Data Recorders (VDR) market growth is the increasing focus on maritime safety and security. With the growing concerns regarding ship accidents, piracy, and environmental incidents, there is a rising demand for advanced technologies that can enhance the safety and security of vessels. VDRs provide valuable data that can be used for accident investigation, identifying safety risks, and improving operational procedures. The implementation of VDRs helps in monitoring and analyzing critical parameters such as vessel position, speed, heading, and audio communications, thereby enabling proactive measures to prevent accidents and ensure the safety of crew and cargo.
Moreover, the implementation of stringent regulations by maritime authorities is also driving the market growth. Recognizing the importance of data recording and analysis in accident investigation and safety improvement, regulatory bodies such as the International Maritime Organization (IMO) have mandated the installation of VDRs on certain types of vessels. These regulations create a favorable environment for the adoption of VDRs, driving the market growth globally.
Trends:
A key trend shaping the Voyage Data Recorders (VDR) market is the integration of advanced technologies and connectivity features. Manufacturers are incorporating technologies such as GPS, radar, and AIS (Automatic Identification System) into VDRs to enhance their functionality and data accuracy. The integration of these technologies enables real-time monitoring of vessel position, collision avoidance, and improved situational awareness. Additionally, the use of wireless connectivity and cloud-based storage solutions allows for remote access to VDR data, facilitating efficient data analysis, and sharing among stakeholders.
Furthermore, there is a growing demand for data-driven insights in the shipping industry, which is driving the adoption of VDRs. Shipowners and operators are increasingly relying on data analytics to optimize vessel performance, reduce fuel consumption, and enhance operational efficiency. VDRs provide a wealth of data that can be analyzed to identify trends, patterns, and areas for improvement. The integration of VDR data with advanced analytics platforms and machine learning algorithms enables predictive maintenance, route optimization, and proactive decision-making, thereby driving the demand for VDRs in the market.
Restraints:
One of the key challenges hindering the Voyage Data Recorders (VDR) market growth is the high cost of installation and maintenance. The installation of VDRs requires significant investment in terms of equipment, cabling, and labor costs. Additionally, the maintenance and periodic testing of VDRs involve additional expenses. These cost factors may deter some shipowners, especially those operating in price-sensitive markets, from adopting VDRs. However, the long-term benefits of enhanced safety, regulatory compliance, and operational efficiency outweigh the initial costs, driving the market growth.
Voyage Data Recorders (VDR) Market Segmentation By Application:
The cargo vessels segment is estimated to witness significant growth during the forecast period. VDRs play a crucial role in cargo vessel operations by recording and analyzing data related to navigation, cargo handling, and communication. The data captured by VDRs helps in identifying operational inefficiencies, optimizing cargo loading and unloading processes, and ensuring compliance with safety regulations. The increasing focus on cargo vessel safety, cargo security, and operational efficiency is driving the demand for VDRs in this segment.
The passenger vessels segment is also expected to contribute to the market growth. VDRs are essential for passenger vessels to ensure the safety and security of passengers and crew. They record critical data related to navigation, communication, and emergency procedures, which can be used for accident investigation and improving safety protocols. The stringent regulations governing passenger vessel operations, coupled with the increasing emphasis on passenger safety, are driving the adoption of VDRs in this segment.
Voyage Data Recorders (VDR) Market Segmentation By Type:
The fixed VDR segment is expected to dominate the market during the forecast period. Fixed VDRs are permanently installed on ships and record data continuously throughout the vessel's operation. They are designed to withstand harsh maritime conditions and provide reliable data storage and retrieval capabilities. Fixed VDRs are mandatory on certain types of vessels as per international regulations, further driving their demand in the market.
The float-free VDR segment is also expected to witness substantial growth. Float-free VDRs are designed to automatically detach from a sinking vessel and float to the surface, ensuring the retrieval of critical data even in the event of a maritime accident. These VDRs provide an additional layer of safety and are particularly important for vessels operating in hazardous environments or remote areas. The increasing focus on maritime safety and the need for reliable accident investigation data are driving the adoption of float-free VDRs.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global Voyage Data Recorders (VDR) market during the forecast period. The region has a well-established maritime industry, stringent safety regulations, and a high adoption rate of advanced technologies. The presence of key market players, technological advancements, and government initiatives promoting maritime safety further support market growth in North America.
Europe is also expected to witness substantial growth in the Voyage Data Recorders (VDR) market. The region has a large fleet of commercial vessels, including cargo and passenger ships, which are required to comply with international safety regulations. The increasing focus on maritime safety, environmental protection, and the adoption of digital technologies in the shipping industry are driving the market in Europe.
Voyage Data Recorders (VDR) Market Customer Landscape:
The Voyage Data Recorders (VDR) market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Voyage Data Recorders (VDR) Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the Voyage Data Recorders (VDR) market include:
- Furuno Electric Co., Ltd.
- JFE Engineering Corporation
- Kongsberg Maritime AS
- L3Harris Technologies, Inc.
- Maritime Information Systems AS
- Maritime Navigation and Radiocommunication Equipment Plant
- Maritime Technologies LLC
- Raytheon Anschütz GmbH
- Saab AB
- Wärtsilä Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The Voyage Data Recorders (VDR) market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Cargo Vessels
o Passenger Vessels
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Fixed VDR
o Float-Free VDR
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1 About the Voyage Data Recorders (VDR) Industry
1.1 Industry Definition and Types
1.1.1 General Voyage Data Recorder
1.1.2 Simplified Voyage Data Recorder
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Voyage Data Recorders (VDR) Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.3 China
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.4 India
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.2 World Voyage Data Recorders (VDR) Market by Types
General Voyage Data Recorder
Simplified Voyage Data Recorder
2.3 World Voyage Data Recorders (VDR) Market by Applications
Passenger Ship
Cargo Ship
Naval Ship
2.4 World Voyage Data Recorders (VDR) Market Analysis
2.4.1 World Voyage Data Recorders (VDR) Market Revenue and Growth Rate 2014-2019
2.4.2 World Voyage Data Recorders (VDR) Market Consumption and Growth rate 2014-2019
2.4.3 World Voyage Data Recorders (VDR) Market Price Analysis 2014-2019
Chapter 3 World Voyage Data Recorders (VDR) Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2019, Through 2024
3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2024
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2014-2019
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 Japan Radio Co
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Furuno
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 Consilium
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 L-3 Communications
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Wartsila SAM Electronics
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 Kongsberg Maritime
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 Beijing Highlander
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 Raytheon Anschutz
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.9 Danelec Marine
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue (M USD), Price and Operating Profits
5.10 Interschalt Maritime Systems
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
5.11 Kelvin Hughes
5.11.1 Company Details (Foundation Year, Employee Strength and etc)
5.11.2 Product Information (Picture, Specifications and Applications)
5.11.3 Revenue (M USD), Price and Operating Profits
5.12 Maretron
5.12.1 Company Details (Foundation Year, Employee Strength and etc)
5.12.2 Product Information (Picture, Specifications and Applications)
5.12.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Voyage Data Recorders (VDR) Market Forecast through 2024
9.1 World Voyage Data Recorders (VDR) Demand by Regions Forecast through 2024
9.2 World Voyage Data Recorders (VDR) Price(by Regions, Types, Applications)Analysis Forecast through 2024
9.3 World Voyage Data Recorders (VDR) Revenue (M USD)(by Regions, Types, Applications) Forecast through 2024
9.4 World Voyage Data Recorders (VDR) Market Analysis
9.4.1 World Voyage Data Recorders (VDR) Market Revenue and Growth Rate 2014-2019
9.4.2 World Voyage Data Recorders (VDR) Market Consumption and Growth rate 2014-2019
9.4.3 World Voyage Data Recorders (VDR) Market Price Analysis 2014-2019
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Major Production Market share by Players 2019
Table Major Revenue (M USD) Market share by Players 2019
Table Production Market share by Major Regions in 2014-2019
Table Production Market share by Major Regions in 2019-2024
Table Revenue (M USD) Market share by Regions in 2014-2019
Table Revenue (M USD) Market share by Regions in 2019-2024
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2014-2019
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table Japan Radio Co Information List
Figure Voyage Data Recorders (VDR)Voyage Data Recorders (VDR) Picture, Specifications and Applications of Japan Radio Co
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Japan Radio Co 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Japan Radio Co 2018-2019
Table Furuno Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Furuno
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Furuno 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Furuno 2018-2019
Table Consilium Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Consilium
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Consilium 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Consilium 2018-2019
Table L-3 Communications Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of L-3 Communications
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of L-3 Communications 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of L-3 Communications 2018-2019
Table Wartsila SAM Electronics Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Wartsila SAM Electronics
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Wartsila SAM Electronics 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Wartsila SAM Electronics 2018-2019
Table Kongsberg Maritime Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Kongsberg Maritime
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Kongsberg Maritime 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Kongsberg Maritime 2018-2019
Table Beijing Highlander Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Beijing Highlander
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Beijing Highlander 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Beijing Highlander 2018-2019
Table Raytheon Anschutz Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Raytheon Anschutz
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Raytheon Anschutz 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Raytheon Anschutz 2018-2019
Table Danelec Marine Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Danelec Marine
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Danelec Marine 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Danelec Marine 2018-2019
Table Interschalt Maritime Systems Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Interschalt Maritime Systems
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Interschalt Maritime Systems 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Interschalt Maritime Systems 2018-2019
Table Kelvin Hughes Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Kelvin Hughes
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Kelvin Hughes 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Kelvin Hughes 2018-2019
Table Maretron Information List
Figure Voyage Data Recorders (VDR) Picture, Specifications and Applications of Maretron
Table Voyage Data Recorders (VDR) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Maretron 2018-2019
Figure Voyage Data Recorders (VDR) Sales Volume and World Market Share of Maretron 2018-2019
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Price by Regions Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Price by Types Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Price by Applications Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Revenue (M USD) by Regions Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Revenue (M USD) by Types Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
Table World Revenue (M USD) by Applications Forecast Analysis of Voyage Data Recorders (VDR) (2019-2024)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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