360 Research Reports has released a new report on Voyage Data Recorders (VDR) Market, The report is full of crucial insights on the market which will help the clients in making correct business decisions. This research will help both existing and new aspirants for Voyage Data Recorders (VDR) Market to figure out and study market requirements, market size, and competition. The report talks about the supply and demand scenario, the competitive market scene, challenges for market growth, market opportunities, and the threats faced by key players.
Final Report will add the analysis of the impact of COVID-19 on this industry.
This report studies the Voyage Data Recorders (VDR) market size (value and volume) by players, regions, product types and end industries, history data 2014-2019 and forecast data 2020-2026; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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Global Voyage Data Recorders (VDR) market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
Short Description about 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 mandatory regulations are contained in chapter V on Safety of Navigation of the International Convention for the Safety of Life at Sea, 1974. Like the black boxes carried on aircraft, VDRs enable accident investigators to review procedures and instructions in the moments before an incident and help to identify the cause of any accident. 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. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times. All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world’s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies. With the recovery of world shipbuilding industry and the increased proportion of output for high technology and high added – value ships, China will enter into the list of world powerful shipbuilding countries. Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions unfair methods of competition. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
With tables and figures helping analyze worldwide Global Voyage Data Recorders (VDR) market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Voyage Data Recorders (VDR) Breakdown Data by Type:
Voyage Data Recorders (VDR) Breakdown Data by Application:
This Voyage Data Recorders (VDR) Market Research/Analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is used for Voyage Data Recorders (VDR)?
- What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Voyage Data Recorders (VDR) Market?
- What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Voyage Data Recorders (VDR) Market?
- What Was Capacity, Production Value, Cost and PROFIT of Voyage Data Recorders (VDR) Market?
- What Is Current Market Status of Voyage Data Recorders (VDR) Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Voyage Data Recorders (VDR) Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Voyage Data Recorders (VDR) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Voyage Data Recorders (VDR) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Voyage Data Recorders (VDR) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Voyage Data Recorders (VDR) Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Voyage Data Recorders (VDR) Industry?
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Voyage Data Recorders (VDR) market along with Report Research Design:
Voyage Data Recorders (VDR) Market Historic Data (2015-2019):
- Industry Trends: Global Revenue, Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Voyage Data Recorders (VDR) Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Voyage Data Recorders (VDR) Market Forecast (2020-2026):
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
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