New York, United States, Feb. 29, 2024 (GLOBE NEWSWIRE) — The Global Helideck Monitoring System Market Size to Grow from USD 184.9 Million in 2023 to USD 257.3 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 3.36% during the Forecast period.
Research and development (R&D) firms focus on developing state-of-the-art helideck monitoring systems that comply with safety regulations and satisfy evolving offshore operations requirements. Examples of R&D initiatives include the construction of software algorithms, control systems, sensor monitoring, and integration with existing infrastructure. Manufacturers produce the components and systems, including as control panels, lighting fixtures, software platforms, and monitoring sensors, required for helideck surveillance. A key function of distributors in the supply chain is acquiring helideck monitoring systems from manufacturers and delivering them to final consumers. In compliance with industry regulations and standards, helideck monitoring systems are placed aboard ships, offshore platforms, and other installations. End users, such as oil and gas companies, offshore operators, marine corporations, and government agencies, use helideck monitoring systems to support safe operations.Because offshore wind farms are growing so quickly, there is a lot of potential for helideck monitoring system firms. Helicopter operations are essential for the installation, upkeep, and maintenance of offshore wind turbines. Due to the potential advantages that helideck monitoring systems can offer in terms of enhanced safety and operational efficiency, advanced monitoring solutions created especially for offshore wind farm operations are in high demand. The need for helideck monitoring systems to facilitate helicopter operations is growing as the offshore industry expands into previously untapped regions. Environmental sustainability is becoming increasingly important to the offshore industry, which is increasing demand for helideck monitoring systems that are both eco-friendly and energy-efficient.The sensors segment accounted for the largest market share over the forecast period 2023 to 2033. Sensors are crucial parts of predictive maintenance programmes because they can detect anomalies, continuously monitor the condition of the equipment, and predict issues before they arise. Because sensor-based predictive maintenance programmes save downtime, optimise maintenance schedules, and lengthen the life of helideck monitoring systems, sensor technology is becoming more commonly used. Sensors assist operators in making informed decisions and optimising helicopter operations by providing them with current information on weather trends, helideck status, and aircraft positioning. The rising operational efficiency brought about by the coupling of current sensors with data analytics and predictive maintenance capabilities is driving the popularity of sensor-based monitoring solutions.The hardware systems segment accounted for the largest market share over the forecast period 2023 to 2033. The growing offshore wind energy projects, oil and gas exploration, and maritime operations necessitate the installation of robust hardware systems in order to facilitate helicopter operations. Hardware like as landing nets, deck surface materials, and lighting systems are necessary for safe helicopter takeoffs and landings in a range of offshore sites. Hardware systems are integrated with software platforms, control panels, and monitoring sensors to create comprehensive helideck monitoring solutions. When physical components are connected with monitoring systems to offer real-time data collection, processing, and reporting, the total effectiveness of helideck monitoring activities is boosted.The oil and gas segment accounted for the largest market share over the forecast period 2023 to 2033. For oil and gas companies operating offshore, safety and risk management are critical tasks. Helideck monitoring systems are crucial for identifying and mitigating potential risks associated with helicopter operations, such as inclement weather, helideck obstacles, and aircraft collisions. The need for effective risk management is what drives the oil and gas sector’s implementation of helideck monitoring systems. The oil and gas industry can work more efficiently thanks to helideck monitoring systems, which provide real-time weather, helideck status, and aircraft position data.This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
(GlobeNewsWire)