Press release
Evolving Market Trends In The Voyage Data Recorder Industry: New Web-Based VDR Solutions Unveiled
Voyage Data Recorder
What Is the Expected Voyage Data Recorder Market Size During the Forecast Period?
The Voyage Data Recorder Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Voyage Data Recorder Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Voyage Data Recorder Market?
The voyage data recorder market covered in this report is segmented -
1) By Product: Float Voyage Data Recorder, Fixed Voyage Data Recorder
2) By System Type: Simplified Voyage Data Recorder, Full Voyage Data Recorder
3) By Specialty: Teleradiology, Telecardiology, Telepathology, Emergency Care, Other Specialties
4) By Mode Of Delivery: Cloud-Based, On-Premises
5) By Application: Passenger Ship, Cargo Ship, Naval Ship, Other Applications
Subsegments:
1) By Float Voyage Data Recorder: Automatic Float Systems, Manual Float Systems
2) By Fixed Voyage Data Recorder: Standard Fixed Voyage Data Recorders, Advanced Fixed Voyage Data Recorders
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What Key Drivers Are Expected to Influence Future Voyage Data Recorder Market Growth?
The uptick in marine mishaps is anticipated to spur the expansion of the voyage data recorder market. A maritime accident is defined as any event causing harm to a boat or other marine-operating structures. Voyage data recorders (VDRs) permit crash investigators to examine the recorded procedures and instructions prior to an accident. For example, the Transportation Safety Board of Canada, an independent organization promoting transportation safety, reported that shipping accidents climbed to 197 in 2022, compared to 177 in 2021. Fishing boats represented 30% of accidents, while solid cargo ships were involved in 23%. As such, the rise in maritime accidents is stimulating the development of the voyage data recorder market.
Which Companies Hold the Largest Share Across Different Voyage Data Recorder Market Segments?
Major companies operating 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, Interschalt Maritime Systems, Consilium AB Publ., L- Communications, Wärtsilä SAM Electronics, Kongsberg Maritime, Beijing Highlander Technology Co. Ltd., Raytheon Anschutz GmbH, Kelvin Hughes Limited, Maretron LLP, Navis LLC, Totem Plus Ltd., Svenska Aeroplan Aktiebolaget, AMI Marine Limited, Hatteland Display AS, Headway Technology Co. Ltd., HEMPEL A/S, Jotron AS, Kongsberg Norcontrol AS, L3Harris Technologies Inc., Maris (UK) Ltd., Martek Marine Ltd., Nauticast GmbH, Radio Holland Group, Rutter Inc., Transas Marine International AB,
What Trends Are Driving Growth in The Voyage Data Recorder Market?
Major corporations active in the voyage data recorder (VDR) market are investing in the creation of novel solutions to improve maritime safety, simplify data handling, and enhance incident management through cutting-edge data recording and analysis systems. A modern VDR, an imperative apparatus, records vital details about a ship's functioning, including navigation, communication, and engine performance. This data offers valuable understanding for post-incident evaluations and regulatory compliance. For example, Danelec, a marine technology firm based in Denmark, rolled out two new web-based VDR services in November 2022, aimed at refining data accessibility and strengthening fleet monitoring. These services offer real-time access to recorded data to ship operators, facilitating superior analysis and reporting features that boost safety and operational decision-making. Danelec's new VDR services utilize cloud-based technology and straightforward interfaces to resolve critical issues in the Voyage Data Recorder market, presenting ship operators with streamlined solutions that enhance safety procedures and adherence to regulations.
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What Are the Emerging Geographies for The Voyage Data Recorder Market Growth?
Asia-Pacific was the largest region in the voyage data recorder market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global voyage data recorder market report during the forecast period. The regions covered in the voyage data recorder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Voyage Data Recorder Market?
2. What is the CAGR expected in the Voyage Data Recorder Market?
3. What Are the Key Innovations Transforming the Voyage Data Recorder Industry?
4. Which Region Is Leading the Voyage Data Recorder Market?
Why This Report Matters:
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