The Future of Helideck Monitoring System market

A helideck monitoring system is a system used to monitor helicopter operations on offshore platforms and vessels. The system ensures the safety of helicopter operations by delivering real-time information on environmental conditions such as wind direction and speed, and current temperature. It’s capability of detecting threats, such as obstacles or foreign objects on the helideck, aids personnel in taking appropriate action. The system is equipped with a number of sensors that are strategically situated around the helideck, which communicate with the central monitoring station.

Now, let’s talk about market expansion

The demand for helideck monitoring systems is rapidly increasing owing to their capability of providing weather information and correct data processing, which is anticipated to accelerate the market growth during the forecast period. The global helideck monitoring system market was valued at USD 227.69 million in 2022 and is predicted to reach USD 355.80 million, accounting for a CAGR of 4.6% during the forecast period.

Top Discoveries:

• Due to increased demand for numerous applications, including oil, gas, and maritime, the helicopter industry is growing rapidly. The ability of original equipment manufacturers (OEMs) to do research and development on eVTOL technology is projected to grow significantly in the near future.
• The market is segmented into system, vertical, end-use, application, and region.

• By system, marine segment is anticipated to show the fastest growth over the forecast period
• By vertical, hardware category dominated the market in 2022
• By end-use, aftermarket sector witnessed the largest market share in 2022

• The demand in North America registered a significant growth in 2022 owing to the growth of the oil and gas industry in the United States and Canada, along with the presence of the most naval ships in the region.

What Other Factors Should Be Taken into Account?

If you want to understand the growth of a market, it's important to keep up with recent developments in that market. By staying up-to-date on the latest trends, technologies, and innovations, you can gain insights into where the market is headed and identify new opportunities for growth. So here are several recent developments by leading market players.

• In March 2022, Vaisala announced that their latest development in the Helideck Monitoring System (HMS) meets the UK Civil Aviation Authority's (CAA) revised CAP437 regulations for offshore helicopter landing sites. The system provides highly accurate and secure real-time weather data that exceeds industry standards, enabling safe and efficient takeoffs and landings.
• In September 2021, GOL Linhas Aéreas & Grupo Comporte signed a collective agreement with Avalon to hire 250 electric vertical take-offs & landing (eVTOL) helicopters. By the middle of 2025, the Company aims to start running an eVTOL helicopter flying network in Brazil after helicopter certification and successful implementation.

Conclusion:

The helideck monitoring system market is anticipated to grow significantly throughout the forecast period owing to the factors such as improved safety measures, the creation of cutting-edge monitoring systems, and an increase in offshore exploration activities. However, the market is also subject to challenges, including high installation and maintenance costs, regulatory compliance, and technology limitations. As a result, further research is required to identify and address these challenges.

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