Voyage Data Recorder Market

The global Voyage Data Recorder (VDR) market was valued at 1427.64 Million USD in 2021 and will grow with a CAGR of 1.32% from 2021 to 2027, based on newly published report.
The prime objective of Voyage Data Recorder Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Voyage Data Recorder Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Voyage data recorder (VDR) is a record-keeping device, invented specifically to be installed in a watercraft.The global voyage data recorder industry is geographically divided among the major competitors. Competitors are therefore identified by geographic locations rather than as firms. Europe is the largest production country where major vendors hold 38.55% of the global market share and the competitive rivalry is estimated to be high. Japan accounts for approximately 20.71% of the global share, of which Japan Radio Co owns 11.42% and Furuno owns 9.38%. The market share held by dominant players in Japan is much larger than shares held by others. Voyage data recorder is a cyclic industry and the global consumption of which is projected to increase in the following years. The major consumption countries highly concentrate on Asia, leading by Korea, China and Japan, which is resulted by the distribution of the downstream, shipbuilding industry. Also, the consumption market shares will remain to be the same in the long run.
By Market Verdors:
Japan Radio Co
Furuno
Interschalt Maritime Systems
Consilium
L-3 Communications
W?rtsil? SAM Electronics
Kongsberg Maritime
Beijing Highlander
Raytheon Anschutz
Danelec Marine
Kelvin Hughes
Maretron

By Types:
General Voyage Data Recorder
Simplified Voyage Data Recorder

By Applications:
Passenger Ship
Cargo Ship
Naval Ship

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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