Voyage Data Recorder (VDR) Market

By Type;

General Voyage Data Recorders (VDRs) and Simplified Voyage Data Recorders (S-VDRs)

By Component;

Data Acquisition Unit, Protective Storage Unit, Recording Control Unit and Software

By End User;

Commercial Shipping, Defense & Navy, Offshore Oil & Gas and Fishing Vessels

By Installation;

New Installations and Retrofits

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn943982395 Published Date: September, 2025 Updated Date: November, 2025

Voyage Data Recorder (VDR) Market Overview

Voyage Data Recorder (Vdr) Market (USD Million)

Voyage Data Recorder (Vdr) Market was valued at USD 3,757.48 million in the year 2024. The size of this market is expected to increase to USD 8,569.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.5%.


Voyage Data Recorder (VDR) Market

*Market size in USD million

CAGR 12.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.5 %
Market Size (2024)USD 3,757.48 Million
Market Size (2031)USD 8,569.68 Million
Market ConcentrationLow
Report Pages376
3,757.48
2024
8,569.68
2031

Major Players

  • Furuno Electric Co., Ltd.
  • Danelec Marine A/S
  • Japan Radio Co., Ltd. (JRC)
  • Kongsberg Maritime
  • Northrop Grumman Sperry Marine
  • Totem Plus Ltd.
  • Consilium AB
  • Wärtsilä SAM Electronics GmbH
  • AMI Marine (UK) Ltd.
  • Beier Radio, LLC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Voyage Data Recorder (VDR) Market

Fragmented - Highly competitive market without dominant players


The Voyage Data Recorder (VDR) Market is gaining traction as the shipping industry prioritizes safety, compliance, and operational efficiency. Adoption has crossed 45% across global fleets, with VDRs enabling detailed data capture for investigations and performance tracking. These systems ensure accountability while providing a comprehensive record of vessel activities.

Technological Advancements Driving Adoption
Innovations in sensor technology, real-time monitoring, and cloud integration are transforming VDR capabilities. Nearly 50% of shipping operators now deploy advanced models with automated storage and faster data retrieval. This shift supports enhanced decision-making while aligning with evolving digital maritime practices.

Regulatory Compliance and Safety Assurance
Strict maritime regulations have boosted VDR installations, with compliance surpassing 60% among international fleets. These devices provide crucial evidence during investigations and promote crew safety by monitoring operational parameters. Enforcement of global standards continues to strengthen market expansion.

Integration with Digital Maritime Ecosystem
VDRs are increasingly linked with navigation systems and fleet management platforms, enabling advanced data analytics. Over 55% of vessels are using VDR-powered insights to optimize performance and reduce downtime. This integration highlights the role of VDRs in driving smarter, data-driven maritime operations.

Future Outlook for VDR Market
The growing investment in smart shipping solutions reinforces the future potential of the VDR market. More than 40% of ship operators are investing in next-generation systems, underlining their importance in maritime transformation. Continuous innovation and regulatory push will further establish VDRs as a core component of vessel safety and digitalization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By End User
    4. Market Snapshot, By Installation
    5. Market Snapshot, By Region
  4. Voyage Data Recorder (Vdr) Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Maritime Safety Regulations
        2. Accident Investigation Mandates
        3. Insurance Compliance Requirements
        4. Fleet Performance Optimization
        5. Increasing Ship Traffic
      2. Restraints
        1. High Installation Costs
        2. Compatibility Issues
        3. Data Privacy Concerns
        4. Maintenance Complexity
        5. Regulatory Challenges
      3. Opportunities
        1. Technological Advancements
        2. Emerging Markets Expansion
        3. Integration with IoT
        4. Enhanced Data Analytics
        5. Retrofitting Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Voyage Data Recorder (VDR) Market, By Type, 2021 - 2031 (USD Million)
      1. General Voyage Data Recorders (VDRs)

      2. Simplified Voyage Data Recorders (S-VDRs)

    2. Voyage Data Recorder (VDR) Market, By Component, 2021 - 2031 (USD Million)
      1. Data Acquisition Unit
      2. Protective Storage Unit
      3. Recording Control Unit
      4. Software
    3. Voyage Data Recorder (VDR) Market, By End User, 2021 - 2031 (USD Million)
      1. Commercial Shipping
      2. Defense & Navy
      3. Offshore Oil & Gas
      4. Fishing Vessels
    4. Voyage Data Recorder (VDR) Market, By Installation, 2021 - 2031 (USD Million)
      1. New Installations
      2. Retrofits
    5. Voyage Data Recorder (Vdr) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Japan Radio Co., Ltd.
      2. Furuno Electric Co., Ltd.
      3. Danelec Marine A/S
      4. NetWave Systems B.V.
      5. Kongsberg Maritime AS
      6. Consilium AB
      7. AMI Marine Ltd.
      8. Headway Technology Co., Ltd.
      9. INTERSCHALT Maritime Systems GmbH
      10. Honeywell International Inc.
      11. Tokyo Keiki Inc.
      12. Raytheon Anschütz
      13. Beijing Highlander Digital Technology Co., Ltd.
      14. Navis (Marine Electronics)
      15. Wärtsilä Voyage
  7. Analyst Views
  8. Future Outlook of the Market