South America Voyage Data Recorder Market – Size, Outlook, Trends and Forecast (2024 – 2032)

and on-premises. The cloud-based segment is expected to grow at the highest 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 South America region is likely to grow at the moderate CAGR during the forecast timeline 2019-2025.  This can be attributed to the growth in the geriatric population, better healthcare infrastructure; improved health care spending is driving the South America voyage data recorder market shortly.

South America Voyage Data Recorder Market Segments Trends:

• In Marche 2018, Danelec partnered with Mackay Marine for a voyage data recorder retrofit program to install new generation VDRs in tankers.
• In May 2016, Netwave offers voyage data recorder installation for Mercy

Ships to perform medical operations.

South America Voyage Data Recorder Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and South America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary pivotal Voyage Data Recorder market leaders are:

• Totem Plus Ltd.
• Consilium AB
• Furuno Electric Co., Ltd.
• Danelec Marine A/S
• Northrop Grumman Sperry Marine B.V.
• Netwave Systems B.V.
• Digital Control Systems International Ltd.

Along with these companies, there were many other companies considered/cited in the report while analysing the South America voyage data recorder market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.