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Helideck Monitoring System Market to Reach $290.5 Billion by 2027; Launch of Observators OIC-2020 HMS 2.0 to Propel Growth

bbin体育October 16, 2020 | Aerospace & Defense

The global helideck monitoring system market size is expected to reach USD 290.5 million by 2027. The increasing utilization of electric propulsion owing to its user-friendliness, faster, reliable, and highly efficient operational benefits will have a tremendous impact on the market, mentioned in a report, titled Helideck Monitoring System Market Size, Share & COVID-19 Impact Analysis, By Vertical (Marine, Oil & Gas), System (Hardware (Wind, GPS Sensors, Motion, Meteorology), Software), Application (Commercial, Defense), End-Use (OEMs, Aftermarket) and Regional Forecasts, 2020-2027.” The market size stood at USD 214.6 million in 2019 and is expected to exhibit a CAGR of 4.72% between 2019 to 2027.


Introduction of Primus Epic 2.0 by Honeywell to Foster Growth


Honeywell International Inc., an American publicly traded multinational conglomerate headquartered in Charlotte, North Carolina announced that it is offering Leonardo's helicopter division with a significant cockpit upgrade. The innovative  will be used for Leonardo’s AW139 helicopters. The trailblazing Primus Epic 2.0 will deliver innovative and intuitive features that provide better maps, improved situational awareness at night, and in marginal weather. Moreover, it will also give access through wireless connectivity, thus enhancing safety and saving time. It is the first-ever system with track-based technology that enables navigation through the definite path of the helicopter. Furthermore, the Primus Epic 2.0 Phase 8 upgrade encompasses features such as safer, smarter, and faster operations. Additionally, can be used for aiding pilots in navigating low-visibility conditions and challenging missions. The launch of the new upgrade by Honeywell is expected to create lucrative business opportunities for the market owing to its improved Cursor Control and menu navigation.


To get a detailed report summary and research scope of this market, click here:


http://nut59.com/helideck-monitoring-systems-hms-market-103537


Surging Offshore Oil and Gas Exploration Activities to Drive Market


The increasing investments in oil and gas exploration and production activities in e U.S., Canada, Saudi Arabia, China will spur enormous demand for offshore helicopters, therefore fostering the growth of the market. The growing development of compatible software that offers weather information such as wind speed and direction, temperature, and cloud data, thus enabling healthy growth of the market. For instance, Observator Group launched the OIC-2020 helideck monitoring system HMS 2.0 that has reduced cost, compact design, and less cabling during installation. Besides, the increasing R&D by major players for the introduction of cost-effective systems can have an outstanding effect on the market.


Launch of Next Generation Helideck Monitoring Systems by Key Players to Reinforce Industry


bbin体育The key players in the industry are focused on producing advanced HMS with compact design, low cost, and short cabling installation time. Major industry players are innovating technologies to establish a strong footprint in the market. For instance, Observator Group announced that it will soon be unveiling OIC 2021 HMS 3.0, the latest version of the helideck monitoring system. The new system will include smart software. It will also comply with the latest standards of the Civil Aviation Authority (CAA) and the Helideck Certification Agency (HCA).


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)


Further Report Findings:



  • Regional Analysis: The market size in North America is expected to dominate the global market owing to the booming oil and gas industry in the U.S. and Canada. The rising expenditure in the defense sector is predicted to foster the growth of the market in the region.

  • Leading Segment: The hardware segment is expected to account for the largest share in the global market owing to the heavy demand of the helideck monitoring system for real-time weather information supported by IoT based hardware and systems.


The Helideck Monitoring System Market is Segmented into:














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



bbin体育  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD million)



Segmentation



By Vertical



  • Marine

  • Oil & Gas



By System



  • Hardware

    • Wind

    • Meteorology

    • GPS Sensors

    • Motion



  • Software



By Application



  • Commercial

  • Defense



By End-Use



  • OEMs

  • Aftermarket



By Geography



  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)

  • Rest of the World (Latin America, and the Middle East & Africa)


Global Helideck Monitoring System Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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