The global Voyage Data Recorders (VDR) market size is projected to reach USD 1.02 billion by 2029

Voyage data recorder, or VDR, is a data recording system designed for all vessels required to comply with the IMO's International Convention SOLAS Requirements (IMO Res A861(20)) in order to collect data from various sensors on board the vessel. It then digitizes, compresses and stores this information in an externally mounted protective storage unit. The protective storage unit is a tamper-proof unit designed to withstand the extreme shock, impact, pressure and heat, which could be associated with a marine incident (fire, explosion, collision, sinking, etc.).

The protective storage unit may be in a retrievable fixed unit or free float unit (or combined with EPIRB) when the ship sinks in a marine accident. The last 12 hours (48 Hours for the 2014 regulations MSC 333(90)) of stored data in the protected unit can be recovered and replayed by the authorities or ship owners for incident investigation. Besides the protective storage unit, the VDR system may consist of a recording control unit and a data acquisition unit, which are connected to various equipment and sensors on board a ship. The new MSC 333(90) regulations also state a minimum of 30 days of recorded data must be held internally (this could be within the recording control unit, data acquisition unit, Main Electronics Unit depending on the manufacturers terminology).

According to the new market research report “Global Voyage Data Recorders (VDR) Market Report 2023-2029”, published by GlobalInfoResearch, the global Voyage Data Recorders (VDR) market size is projected to reach USD 1.02 billion by 2029, at a CAGR of 1.9% during the forecast period.

• Global Voyage Data Recorders (VDR) MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Voyage Data Recorders (VDR) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(VDR) Market Report 2023-2029.

• Global Voyage Data Recorders (VDR) Top16Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Voyage Data Recorders (VDR) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(VDR) Market Report 2023-2029.

The global key manufacturers of Voyage Data Recorders (VDR) include Furuno, Japan Radio Co, Orolia Maritime, Danelec Marine, Interschalt Maritime Systems, Wärtsilä SAM Electronics, Consilium, Beijing Highlander, Raytheon Anschutz, Hensoldt UK, etc. In 2020, the global top five players had a share approximately 61.0% in terms of revenue.

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