Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
China Navigation Speed Log Market Overview
Navigation speed log is an electronic instrument which is used to measure longitudinal and transversal speed of the ship. This navigation tool can measure a ship’s surface velocity. There are mainly two type of speed logs which are used in ships or vessels including doppler speed logs and electromagnetic speed logs.
Market Size & Forecast
China navigation speed log market is projected to grow at significant pace during the forecast period i.e. 2017-2024. Factors such as, presence of massive naval forces and great water transport potential in China are some of the major factors which are likely to fuel the growth of china navigation speed log market over the forecast period.
Further, China navigation speed log market is segmented into product type, application and region. Further, product type segment has been sub-segmented into doppler speed log and electromagnetic speed log. Additionally, doppler segment has been the dominating segment of the China navigation speed log market.
By application, China navigation speed log market is further segmented into ships, submarines, boats, merchant vessels, yacht and others. Sips and submarine segments are expected to witness remarkable demand for navigation speed logs owing to favorable government initiatives to strengthen the naval forces and increasing number of ships, marines and submarines in china.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our-in depth analysis of the China navigation speed log market includes the following segments:
By Type
By Application
By Region
Growth Drivers & Challenges
Factors such as presences of one of the largest naval forces and significant potential off water transportation in China are driving the growth of China navigation speed log market. Further, increasing number of marine ships including attack submarines, ballistic missile submarines, small surface ships, large surface ships and aircraft carriers in China naval forces is also fueling the demand for navigation speed logs n this country.
Furthermore, rising enhancement inland waterway transportation infrastructure in China is also a major factor which is projected to escalate the growth of China navigation speed log market in near future.
Moreover, presence of potential shipping ports including port of Shanghai, port of Shenzhen, port of Ningbo and other shipping ports are increasing the number of merchant vessels at these ports. Further, rise in number of merchant vessels are likely to fuel the demand for navigation speed log in China country.
Additionally, enhancement of in-land water transportation infrastructure in China is also a major driver towards the growth of China navigation speed log market.
However, error occurred in navigation speed logs due to factors such as change in ship motion, due to rolling and pitching, due to inaccuracy in measurement of comparison frequency is a major challenge confronting the China navigation speed log market. Further, this factor is anticipated to hamper the growth of the market in near future.
Key Players
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