Allied Market Research
Loading...
Cart
0

Hydrographic Survey Equipment Market is Expected to Reach $4.14 Billion by 2027

 

quote By type, the unmanned vehicles segment dominated the global hydrographic survey equipment market in 2019, in terms of revenue, and is expected to lead the market over the forecast period. By depth, the shallow water segment is anticipated to witness lucrative growth over the forecast timeframe. By platform, the surface vessels segment dominated the hydrographic survey equipment market in 2019 in terms of revenue. By application, the offshore oil & gas survey segment dominated the hydrographic survey equipment market in 2019 in terms of revenue. By end user, the commercial segment is anticipated to witness lucrative growth over the forecast timeframe. At present, North America is the highest revenue contributor, followed by Europe. quote

Mayank Halmare
Lead Analyst, Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Hydrographic Survey Equipment Market by Type, Depth, Platform, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” 

The global hydrographic survey equipment market was valued at $2.95 billion in 2019, and is projected to reach $4.14 billion by 2027, registering a CAGR of 5.6%.

North America dominates the market in terms of revenue, followed by Europe, Asia Pacific, and LAMEA. The U.S. dominated the global hydrographic survey equipment market share in 2019, and is expected to grow at a significant rate during the forecast period due to increasing investments by the government to enhance the safety and operability of vessels that cross the waterways throughout the ports and harbors of the country.

Hydrographic survey is the methodology that is used globally to measure and describe the physical features of an underwater area. The properties that are studied include water depth, tide measurement, topographic measurement, and others. Hydrographic surveyors examine the water bodies to view the seabed. It involves the measurement and description of underwater features that impact several maritime activities, for example, marine construction, offshore oil exploration/offshore oil drilling, maritime navigation, dredging, and other related activities. This data is also used to prepare raster and electronic nautical charts for vessels that cross the waterways.

By application, the global hydrographic survey equipment market has been segmented into hydrographic or bathymetry survey, port & harbor management, offshore oil & gas survey, cable or pipeline route survey, and others. The offshore oil & gas survey segment accounted for the highest revenue in 2019, owing to the high demand for hydrographic survey equipment by the oil & gas industry. The rising usage of ROVs and AUVs in conducting deep water studies is expected to propel the demand for unmanned survey vessels, which are capable to conduct both shallow and deep water studies. ROVs and AUVs can be fitted with several sensors, cameras, and other equipment to gather data related with the water depth, presence of debris, and properties, including temperature, conductivity, and pressure of seawater. Moreover, the cable or pipeline route survey segment is anticipated to witness a significant CAGR over the forecast timeframe. Attributed to the rising demand for high-speed internet by people and businesses, the hydrographic survey equipment is witnessing increased demand for laying of underwater optic fiber cables globally. Planning of cable routes requires hydrographic survey of the waterbed for efficient laying of underwater cable networks.

By end user, the global hydrographic survey equipment market has been segmented into commercial, research, and defense. The commercial segment dominated the hydrographic survey equipment segment in 2019, owing to the ever-increasing size of trade that takes place through the waterways. Businesses make use of hydrographic survey equipment to conduct oil & gas exploration and drilling activities, pipeline & cable laying, dredging operations, and offshore surveys. In addition, the rising demand for hydrographic surveys in commercial fishing applications, mapping of nautical charts by commercial & private shipping corporations, and port & harbor authorities is anticipated to bolster the segment’s growth over the forecast timeframe.

The rising significance of hydrographic surveys in the construction of marine projects, growing demand for hydrographic data for navigation, defense, & security purposes, especially in the Asia Pacific region, and rise in offshore wind energy projects across the globe are expected to provide lucrative opportunities for the hydrographic survey equipment market during the forecast period. However, the high cost of hydrographic survey equipment and the challenges associated with shallow water hydrographic surveying are anticipated to hamper the growth of the market. Moreover, technological innovations in the field of bathymetric surveys and the emergence of hydrographic survey software are expected to offer lucrative opportunities for the market in future.

COVID-19 impact analysis 

  • The COVID-19 impact on the hydrographic survey equipment market is unpredictable and is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced governments across the globe to implement strict shutdown of ports to contain the spread of the virus. Consequently, a rapid decline in import-export and travel activities via waterways was witnessed across the globe. This led to sudden fall in demand for conducting regular hydrographic surveys across the world. 
  • Moreover, the nationwide lockdown forced the hydrographic survey services providing companies to partially or completely shut their operations.
  • The adverse impacts of the COVID-19 pandemic have resulted in the delays in the activities and initiatives regarding the development of innovative hydrographic survey equipment solutions.

Key Findings Of The Study

  • By type, the unmanned vehicles segment is expected to register a significant growth during the forecast period.
  • By depth, the shallow water segment is anticipated to exhibit significant growth in the near future.
  • By platform, the USVs and UUVs segment is anticipated to exhibit significant growth in the global hydrographic survey equipment market during the forecast period, owing to higher CAGR as compared to the other platform segments.
  • By application, the offshore oil & gas survey segment is expected to register a significant growth in the global hydrographic survey equipment market during the forecast period, owing to higher CAGR as compared to other application segments.
  • By end user, the commercial segment is anticipated to exhibit significant growth in the near future.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global hydrographic survey equipment market include Edgetech, Fugro N.V., Innomar Technologie GmbH, Ixblue SAS, Kongsberg Gruppen ASA, Mind Technology, Inc., Sonardyne International Ltd., Syqwest Inc., Teledyne Technologies Inc., Tritech International Ltd., and Valeport Ltd.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Hydrographic Survey Equipment Market by Type (Sensing Systems, Positioning Systems, Subsea Sensors, Software, Unmanned Vehicles, and Others), Depth (Shallow Water and Deep Water), Platform (Surface Vessels; USVs and UUVs; and Aircraft), Application (Hydrographic or Bathymetry Survey, Port & Harbor Management, Offshore Oil & Gas Survey, Cable or Pipeline Route Survey, and Others) and End User (Commercial, Research, and Defense): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Hydrographic Survey Equipment Market"
Purchase Enquiry