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Global Voyage Data Recorder Market 2023 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2032
Voyage Data Recorder Market
Voyage Data Recorder Market Size, Growth Rate, And Forecast
The global voyage data recorder market size is expected to grow from $2.05 billion in 2022 to $2.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global voyage data recorder market size is expected to reach $3.07 billion in 2027 at a CAGR of 8.2%.
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Voyage Data Recorder Market Drivers
The increase in maritime accidents is expected to propel the growth of the voyage data recorder market going forward. A marine accident refers to any incident that results in damage to a vessel or other structures involved in maritime operations. Voyage data recorders (VDRs) make it possible for accident investigators to review procedures and instructions that were recorded leading up to an incident.
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Voyage Data Recorder Market Segments
• By Product: Float Voyage Data Recorder, Fixed Voyage Data Recorder
• By System Type: Simplified Voyage Data Recorder, Full Voyage Data Recorder
• By Specialty: Teleradiology, Telecardiology, Telepathology, Emergency Care, Other Specialties
• By Mode Of Delivery: Cloud-Based, On-Premises
• By Application: Passenger Ship, Cargo Ship, Naval Ship, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Voyage Data Recorder market.
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Voyage Data Recorder Market Key Players
Major competitors in the Voyage Data Recorder market include Danelec Marine A/S, Furuno Electric Co., Ltd., Japan Radio Co., Ltd., Northrop Grumman Sperry Marine B.V., Netwave Systems B.V.
The Business Research Company's "Global Voyage Data Recorder Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Voyage Data Recorder Market Include:
1. Executive Summary
2. Voyage Data Recorder Market Characteristics
3. Voyage Data Recorder Market Trends And Strategies
4. Voyage Data Recorder Market - Macro Economic Scenario
5. Voyage Data Recorder Market Size And Growth
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26. Africa Voyage Data Recorder Market
27. Voyage Data Recorder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Voyage Data Recorder Market
29. Voyage Data Recorder Market Future Outlook and Potential Analysis
30. Appendix
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