Asia-Pacific Voyage Data Recorder Market – Size, Outlook, Trends and Forecast (2024

Asia-Pacific Voyage Data Recorder Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

VDR is a record protection device, installed in a marine or watercraft. It collects information from sensors on board and stores on the exterior mounted storage unit. This footage is improved, in a compressed and digitised setup used for investigation in the event of accidents.

Asia-Pacific Voyage Data Recorder Market Segments Size & Growth:

Asia-Pacific Voyage Data Recorder market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2025 during the forecast period 2019-2025. Major factors that are driving the market growth are due to the improved safety standards in the maritime sector and advancements in VDR technology. However, high price for next-generation black boxes is restricting the growth of the Asia-Pacific voyage data recorder market share.

Asia-Pacific Voyage Data Recorder Market Segments Share:

Asia-Pacific Voyage Data Recorder market is categorised into by type which consists of general voyage data recorder and simplified voyage data recorder. General voyage data recorder is leading the Asia-Pacific VDR market. The simplified voyage data recorder (S-VDR) is a simplified version of VDR, accessible at lesser costs, for small ships that can record only the necessary data. The primary difference between VDRs and S-VDRs lies in the total number of recording channels and their features.

By mode of delivery, it is classified by cloud-based and on-premises. The cloud-based segment is expected to grow at the highest

Asia-Pacific Voyage Data Recorder Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

CAGR during the forecast period. Growing awareness of Voyage Data Recorder in rural areas is likely to fuel the growth of the Voyage Data Recorder market. By speciality, it is segregated into teleradiology, telecardiology, telepathology, emergency care, others. The telecardiology market is growing at a rapid rate owing to the increasing incidence of cardiac disorders. Tele-radiology accounted for a significant share of the tele-hospitals market driven by varied usage of this technology for shifting patient’s medical reports.

Tele-consulting segment is likely to lead the Voyage Data Recorder market in 2017. This can be attributed to the growing number of smartphone users and the benefits available with teleconsulting services, like reduced hospital stays, and decreased healthcare expenditure and travel cost.

By Geography, the Asia-Pacific region is likely to grow May 2016, Netwave

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Asia-Pacific Voyage Data Recorder Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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