Business

Global Voyage Data Recorders (VDR) Market 2019 is growing at a CAGR of 0.3% upto 2024 and expected to reach around USD 1530 million globally by 2024

Global Voyage Data Recorders (VDR) Market
Global Voyage Data Recorders (VDR) Market

Voyage data recorder, or VDR, is a data recording system designed for all vessels required to comply with the IMO’s International Convention SOLAS Requirements (IMO Res A861(20)) in order to collect data from various sensors on board the vessel. It then digitizes, compresses and stores this information in an externally mounted protective storage unit. The protective storage unit is a tamper-proof unit designed to withstand the extreme shock, impact, pressure and heat, which could be associated with a marine incident (fire, explosion, collision, sinking, etc.).
Passenger ships and ships other than passenger ships of 3000 gross tonnage and upwards constructed on or after 1 July 2002 must carry voyage data recorders (VDRs) to assist in accident investigations, under regulations adopted in 2000, which entered into force on 1 July 2002.

The market for Voyage Data Recorders (VDR) is not fragmented with players such as Japan Radio Co, Furuno, Interschalt, Maritime Systems, Consilium, L-3 Communications, Wärtsilä SAM Electronics, Kongsberg Maritime, Beijing Highlander, Raytheon Anschutz, Danelec Marine, Kelvin Hughes, Maretron, etc.

According to this study, over the next five years the Voyage Data Recorders (VDR) market will register a 0.3% CAGR in terms of revenue, the global market size will reach US$ 1530 million by 2024, from US$ 1500 million in 2019.

Global Voyage Data Recorders (VDR) Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Voyage Data Recorders (VDR) Industry report also provides essential attributes associated with Voyage Data Recorders (VDR) market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.

Obtain the Brochure of the Report: https://www.apexmarketsresearch.com/report/global-voyage-data-recorders-vdr-market-by-product-89456/#sample

Global Voyage Data Recorders (VDR) Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Voyage Data Recorders (VDR) business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Voyage Data Recorders (VDR) market in-depth outlook by analyzing historical statistics and future prospect.

TOP MOST PLAYERS:
Japan Radio Co
Furuno
Interschalt Maritime Systems
Consilium
L-3 Communications
Wärtsilä SAM Electronics
Kongsberg Maritime
Beijing Highlander
Raytheon Anschutz
Danelec Marine
Kelvin Hughes
Maretron

Market Segment by Type, covers:
General Voyage Data Recorder
Simplified Voyage Data Recorder

Market Segment by Applications, can be divided into:
Passenger Ship
Cargo Ship
Naval Ship
Others

Buying Inquiry: https://www.apexmarketsresearch.com/report/global-voyage-data-recorders-vdr-market-by-product-89456/#inquiry

The prospective of this Voyage Data Recorders (VDR) industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Voyage Data Recorders (VDR) present market share and future prospects of the segment in terms of has also been explored in this report.

Global Voyage Data Recorders (VDR) market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Voyage Data Recorders (VDR) report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.

Conclusively, the Voyage Data Recorders (VDR) Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.

About the author

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Tim Coleman

With thorough interest in media and technology, I write about everything tech. Over the past 8 years, I have written numerous articles and research papers about international trade and consumer media. I also write opinion pieces about video games, internet, and evolving technology. My engineering degree in the field of information systems also helped a great deal in strengthening my interest and knowledge in the field of technology.

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