Voyage Data Recorder (VDR) Market Research Report - Global Forecast till 2027

Global Voyage Data Recorder (VDR) Market Research Report: Information by Type (General Voyage Data Recorder and Simplified Voyage Data Recorder), Application (Cargo Ship, Naval Ship and Passenger Ship) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/2492-CR | July, 2019 | Region : Global

Market Scenario


Voyage data recorder (VDR) is a record-keeping device, invented specifically to be installed in a watercraft. It gathers information from different sensors onboard and stores it in an externally mounted protective storage unit. This recording is recovered, in a compressed and digitized format, and is used for investigation in the event of accidents. Improved safety standards in the maritime industry are the primary factor driving the growth of the market. Organizations such as the Safety of Life at Sea (SOLAS), International Maritime Organization (IMO), and several other regional associations, have come up with significant mandates to ensure the safety of the maritime industry. Also, the demand for unmanned undersea vehicles (UUVs) is continuously increasing for naval intelligence, mine countermeasures (MCM) operations, ISR roles, and anti-submarine warfare missions. It creates an opportunity for the market during the forecast period. However, the high cost of next-generation black boxes may hamper the growth of the market.


Factors such as improved safety standards at sea, development of advanced VDR technologies, and growing usage of VDRs is driving the market growth. Furthermore, there are growth opportunities for VDR market in the naval sector and equipment with the unmanned undersea vehicles.


The Global Voyage Data Recorder Market is expected to reach USD 1,880.03 Million by 2025, at a CAGR of 2.25% during the forecast period.


Segmentation of the Global Voyage Data Recorder (VDR) Market  Voyage Data Recorder (VDR) Market


Based on type, the market has been segmented into a general voyage data recorder and simplified voyage data recorder. In 2018, general voyage data recorder accounted for a larger market share and was expected to grow at a higher CAGR during the forecast period. General VDR assists in collecting and storing information throughout a ship’s journey including audio from the ship’s bridge, the ship’s position, and the ship’s direction and speed. Therefore, the segment is expected to propel during the forecast period.


Based on application, the market has been divided into a cargo ship, naval ship, and passenger ship. The cargo ship segment accounted for the largest market share in 2018 and is expected to grow at the highest CAGR during the forecast period. Factors such as the development of advanced cargo ships and growing sea trade across the globe are driving the segment growth.


Based on the region, the market has been categorized as North America, Europe, Asia-Pacific, Middle East & Africa, and Latine America. North America is estimated to acquire the most significant market share in 2018. However, Europe is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The rapid development of naval vessels and increasing research and development in the manufacture of autonomous ships and connected ships by countries such as France and the UK is driving the market growth in the region.


Key Players


The key players in the global voyage data recorder market are Danelec Marine A/S (Denmark), FURUNO ELECTRIC CO., LTD (Japan), CARGOTEC CORPORATION (Finland), Japan Radio Co., Ltd (Japan), Northrop Grumman Sperry Marine BV (UK), Orolia Maritime (France), DCSI LTD (Greece), Beijing Highlander Digital Technology Co., Ltd (China), Consilium AB (Sweden), Totem Plus Ltd (Israel), and Wärtsilä (Finland).


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.



  • Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.



  • Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • Ship manufacturers

  • Naval authorities

  • VDR manufacturers

  • Naval organizations

  • Government authorities

  • Naval companies

  • Research institutes

  • Regulatory bodies

1 Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Voyage Data Recorder (VDR) Market, By Type

1.1.2. Global Voyage Data Recorder (VDR) Market, By Application

1.1.3. Global Voyage Data Recorder (VDR) Market, By Region

2 Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3 Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4 Market Insights

5 Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6 Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat Of New Entrants

6.2.2. Bargaining Power Of Buyers

6.2.3. Threat Of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power Of Supplies

7 Global Voyage Data Recorder (VDR) Market, By Type

7.1. Introduction

7.2. General Voyage Data Recorder

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, By Region, 2020-2027

7.3. Simplified Voyage Data Recorder

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, By Region, 2020-2027

8 Global Voyage Data Recorder (VDR) Market, By Application

8.1. Introduction

8.2. Cargo Ship

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast, By Region, 2020-2027

8.3. Naval Ship

8.3.1. Market Estimates & Forecast, 2020-2027

8.3.2. Market Estimates & Forecast, By Region, 2020-2027

8.4. Passenger Ship

8.4.1. Market Estimates & Forecast, 2020-2027

8.4.2. Market Estimates & Forecast, By Region, 2020-2027

9 Global Voyage Data Recorder (VDR) Market, By Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, By Country, 2020-2027

9.2.2. Market Estimates & Forecast, By Type, 2020-2027

9.2.3. Market Estimates & Forecast, By Application, 2020-2027

9.2.4. US

9.2.4.1. Market Estimates & Forecast, By Type, 2020-2027

9.2.4.2. Market Estimates & Forecast, By Application, 2020-2027

9.2.5. Canada

9.2.5.1. Market Estimates & Forecast, By Type, 2020-2027

9.2.5.2. Market Estimates & Forecast, By Application, 2020-2027

9.3. Europe

9.3.1. Market Estimates & Forecast, By Country, 2020-2027

9.3.2. Market Estimates & Forecast, By Type, 2020-2027

9.3.3. Market Estimates & Forecast, By Application, 2020-2027

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.4.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.5.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.6. France

9.3.6.1. Market Estimates & Forecast, By Material, 2020-2027

9.3.6.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.7. Italy

9.3.7.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.7.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.8. Norway

9.3.8.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.8.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.9. Sweden

9.3.9.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.9.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.10. Finland

9.3.10.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.10.2. Market Estimates & Forecast, By Application, 2020-2027

9.3.11. Rest Of Europe

9.3.11.1. Market Estimates & Forecast, By Type, 2020-2027

9.3.11.2. Market Estimates & Forecast, By Application, 2020-2027

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, By Country, 2020-2027

9.4.2. Market Estimates & Forecast, By Type, 2020-2027

9.4.3. Market Estimates & Forecast, By Application, 2020-2027

9.4.4. China

9.4.4.1. Market Estimates & Forecast, By Type, 2020-2027

9.4.4.2. Market Estimates & Forecast, By Application, 2020-2027

9.4.5. Japan

9.4.5.1. Market Estimates & Forecast, By Type, 2020-2027

9.4.5.2. Market Estimates & Forecast, By Application, 2020-2027

9.4.6. India

9.4.6.1. Market Estimates & Forecast, By Type, 2020-2027

9.4.6.2. Market Estimates & Forecast, By Application, 2020-2027

9.4.7. Rest Of Asia-Pacific

9.4.7.1. Market Estimates & Forecast, By Type, 2020-2027

9.4.7.2. Market Estimates & Forecast, By Application, 2020-2027

9.5. Middle East & Africa

9.5.1. Market Estimates & Forecast, By Country, 2020-2027

9.5.2. Market Estimates & Forecast, By Type, 2020-2027

9.5.3. Market Estimates & Forecast, By Application, 2020-2027

9.5.4. UAE

9.5.4.1. Market Estimates & Forecast, By Type, 2020-2027

9.5.4.2. Market Estimates & Forecast, By Application, 2020-2027

9.5.5. Saudi Arabia

9.5.5.1. Market Estimates & Forecast, By Type, 2020-2027

9.5.5.2. Market Estimates & Forecast, By Application, 2020-2027

9.5.6. Israel

9.5.6.1. Market Estimates & Forecast, By Type, 2020-2027

9.5.6.2. Market Estimates & Forecast, By Application, 2020-2027

9.5.7. Rest Of The Middle East & Africa

9.5.7.1. Market Estimates & Forecast, By Type, 2020-2027

9.5.7.2. Market Estimates & Forecast, By Application, 2020-2027

9.6. Latin America

9.6.1. Market Estimates & Forecast, By Country, 2020-2027

9.6.2. Market Estimates & Forecast, By Type, 2020-2027

9.6.3. Market Estimates & Forecast, By Application, 2020-2027

9.6.4. Brazil

9.6.4.1. Market Estimates & Forecast, By Type, 2020-2027

9.6.4.2. Market Estimates & Forecast, By Application, 2020-2027

9.6.5. Rest Of Latin America

9.6.5.1. Market Estimates & Forecast, By Type, 2020-2027

9.6.5.2. Market Estimates & Forecast, By Application, 2020-2027

10 Competitive Landscape

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategies In The Global Voyage Data Recorder (VDR) Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Danelec Marine A/S: The Leading Player In Terms Of Number Of Developments In The Global Voyage Data Recorder (VDR) Market

10.7. Key Developments & Growth Strategies

10.7.1. Product Launches/Service Deployments

10.7.2. Mergers & Acquisitions

10.7.3. Joint Ventures

11 Company Profiles

11.1. Beijing Highlander Digital Technology Co., Ltd

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. CARGOTEC CORPORATION

11.2.1. Company Overview

11.2.2. Products/Services Offered

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. Consilium AB

11.3.1. Company Overview

11.3.2. Products/Services Offered

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Danelec Marine A/S

11.4.1. Company Overview

11.4.2. Products/Services Offered

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. FURUNO ELECTRIC CO., LTD

11.5.1. Company Overview

11.5.2. Products/Services Offered

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Japan Radio Co., Ltd

11.6.1. Company Overview

11.6.2. Products/Services Offered

11.6.3. Financial Overview

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. Northrop Grumman Sperry Marine BV

11.7.1. Company Overview

11.7.2. Products/Services Offered

11.7.3. Financial Overview

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. Orolia Maritime

11.8.1. Company Overview

11.8.2. Products/Services Offered

11.8.3. Financial Overview

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. Totem Plus Ltd

11.9.1. Company Overview

11.9.2. Products/Services Offered

11.9.3. Financial Overview

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. Wärtsilä

11.10.1. Company Overview

11.10.2. Products/Services Offered

11.10.3. Financial Overview

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

12 Appendix

12.1. References

12.2. Related Reports

12.3. List Of Abbreviations

13 Industry Insights

14 List Of Tables

Table 1 Global Voyage Data Recorder (VDR) Market, By Region, 2020-2027

Table 2 North America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 3 Europe: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 4 Asia-Pacific: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 5 Middle East & Africa: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 6 Latin America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 7 Global Voyage Data Recorder (VDR) Market Size, By Region, 2020-2027

Table 8 North America: Voyage Data Recorder (VDR) Market Size, By Country, 2020-2027

Table 9 Europe: Voyage Data Recorder (VDR) Market Size, By Country, 2020-2027

Table 10 Asia-Pacific: Voyage Data Recorder (VDR) Market Size, By Country, 2020-2027

Table 11 Middle East & Africa: Voyage Data Recorder (VDR) Market Size, By Country, 2020-2027

Table 12 Latin America: Voyage Data Recorder (VDR) Market Size, By Country, 2020-2027

Table 13 Global Voyage Data Recorder (VDR) Type Market, By Region, 2020-2027

Table 14 North America: Voyage Data Recorder (VDR) Type Market, By Country, 2020-2027

Table 15 Europe: Voyage Data Recorder (VDR) Type Market, By Country, 2020-2027

Table 16 Asia-Pacific: Voyage Data Recorder (VDR) Type Market, By Country, 2020-2027

Table 17 Middle East & Africa: Voyage Data Recorder (VDR) Type Market, By Country, 2020-2027

Table 18 Latin America: Voyage Data Recorder (VDR) Type Market, By Country, 2020-2027

Table 19 Global Voyage Data Recorder (VDR) Application Market, By Region, 2020-2027

Table 20 North America: Voyage Data Recorder (VDR) Application Market, By Country, 2020-2027

Table 21 Europe: Voyage Data Recorder (VDR) Application Market, By Country, 2020-2027

Table 22 Asia-Pacific: Voyage Data Recorder (VDR) Application Market, By Country, 2020-2027

Table 23 Middle East & Africa: Voyage Data Recorder (VDR) Application Market, By Country, 2020-2027

Table 24 Latin America: Voyage Data Recorder (VDR) Application Market, By Country, 2020-2027

Table 25 Global Voyage Data Recorder (VDR) Market, By Region, 2020-2027

Table 26 Global Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 27 Global Voyage Data Recorder (VDR) Market, By Application, 2020-2027

Table 28 North America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 29 North America: Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 30 North America: Voyage Data Recorder (VDR) Market, By Application, 2020-2027

Table 31 Europe: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 32 Europe: Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 33 Europe: Voyage Data Recorder (VDR) Market, By Application, 2020-2027

Table 34 Asia-Pacific: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 35 Asia-Pacific: Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 36 Asia-Pacific: Voyage Data Recorder (VDR) Market, By Application, 2020-2027

Table 37 Middle East & Africa: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 38 Middle East & Africa: Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 39 Middle East & Africa: Voyage Data Recorder (VDR) Market, By Application, 2020-2027

Table 40 Latin America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027

Table 41 Latin America: Voyage Data Recorder (VDR) Market, By Type, 2020-2027

Table 42 Latin America: Voyage Data Recorder (VDR) Market, By Application, 2020-2027

15 List Of Figures

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Voyage Data Recorder (VDR) Market Share, By Type, 2020 (%)

FIGURE 9 Global Voyage Data Recorder (VDR) Market, By Type, 2020-2027(USD Million)

FIGURE 10 Global Voyage Data Recorder (VDR) Market Share, By Application, 2020 (%)

FIGURE 11 Global Voyage Data Recorder (VDR) Market, By Application, 2020-2027(USD Million)

FIGURE 12 Global Voyage Data Recorder (VDR) Market Share (%), By Region, 2020

FIGURE 13 Global Voyage Data Recorder (VDR) Market, By Region, 2020-2027(USD Million)

FIGURE 14 North America: Voyage Data Recorder (VDR) Market Share (%), 2020

FIGURE 15 North America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027(USD Million)

FIGURE 16 Europe: Voyage Data Recorder (VDR) Market Share (%), 2020

FIGURE 17 Europe: Voyage Data Recorder (VDR) Market, By Country, 2020-2027(USD Million)

FIGURE 18 Asia-Pacific: Voyage Data Recorder (VDR) Market Share (%), 2020

FIGURE 19 Asia-Pacific: Voyage Data Recorder (VDR) Market, By Country, 2020-2027(USD Million)

FIGURE 20 Middle East & Africa: Voyage Data Recorder (VDR) Market Share (%), 2020

FIGURE 21 Middle East & Africa: Voyage Data Recorder (VDR) Market, By Country, 2020-2027(USD Million)

FIGURE 22 Latin America: Voyage Data Recorder (VDR) Market Share (%), 2020

FIGURE 23 Latin America: Voyage Data Recorder (VDR) Market, By Country, 2020-2027(USD Million)

Voyage Data Recorder Market