Voyage Data Recorder Market Analysis: Global Industry Size, Growth and Forecast

Report ID : 1376733 | Published : July 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Voyage Data Recorder Market is categorized based on Type (Digital Voyage Data Recorders, Analog Voyage Data Recorders) and Deployment (Onshore, Offshore) and End-User (Commercial Vessels, Naval Vessels, Fishing Vessels, Other Vessels) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Valued at $350 million in 2023, the Voyage Data Recorder Market size is expected to grow to $600 million by 2033, with a CAGR of 5.5% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.

Commercial shipping is moving forward because of technological developments and stricter management controls, and this in turn has increased the need for dependable VDR systems and related technologies. Capturing, securely storing, and utilizing important operational data in a standard device is one of the most effective ways to achieve effective monitoring to help enable safe operations. Their main purpose is to increase the safety of vessels and enhance performance through effective monitoring and recording of crucial areas such as navigational and engine audits as well as communication. The operations of the vessel are also improved as various parameters such as audio, navigation, and engine performance are able to be recorded which further extends the safety procedures of any maritime operation. The VDR consists of the basic Recorders, as specified in SOLAS Chapter V, as well as more complex systems that perform additional functions, referred to as VDR systems.

Over the years, the shift in the global intent with an emphasis on maritime safety and environmental concerns has acted as a booster to the VDR market. There is a growing trend among shipping companies in employing various advanced data recording solutions as per the requirement set forth by the International Maritime Organisation which states that VDR systems are to be fitted on vessels of all types. New opportunities have thus emerged for the players in the market resulting in innovation and expansion of the players which in turn has made the competitive environment dynamic through technology and strategic alliances. The increase in focus on safety and efficiency is just but the right input that the Voyage Data Recorder market needs to translate the growth opportunity into the right investment, especially in the collection and analysis of the data that is so critical to this changing operational space.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Kongsberg Gruppen, Wartsila Corporation, Northrop Grumman Corporation, Furuno Electric Co. Ltd., Maritime Technologies Inc., JRC (Japan Radio Co. Ltd.), Samsara Networks Inc., Shandong Hisense Co. Ltd., Transas Limited, Maran Gas Maritime Inc., Bae Systems
SEGMENTS COVERED	By Type - Digital Voyage Data Recorders, Analog Voyage Data Recorders By Deployment - Onshore, Offshore By End-User - Commercial Vessels, Naval Vessels, Fishing Vessels, Other Vessels By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Voyage Data Recorder Market Dynamics

The Voyage Data Recorder Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Voyage Data Recorder Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Kongsberg Gruppen
• Wartsila Corporation
• Northrop Grumman Corporation
• Furuno Electric Co. Ltd.
• Maritime Technologies Inc.
• JRC (Japan Radio Co. Ltd.)
• Samsara Networks Inc.
• Shandong Hisense Co. Ltd.
• Transas Limited
• Maran Gas Maritime Inc.
• Bae Systems

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