Hydrographic Survey Equipment Market Forecasts to 2028 – Global Analysis By Depth (Deep Water, Shallow Water), Platform (Aircraft and Surface Vehicles), Type, Application, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Hydrographic Survey Equipment Market is accounted for $2.55 billion in 2020 and is expected to reach $4.52 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Growing usage of autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV), increase in maritime commerce and transport and surge in offshore renewable wind energy projects are driving the market growth. However, seasonal demand and high investment costs are hampering the growth of the market.
Hydrographic survey is a process which is used to measure and describe the physical features of the navigable earth’s surface such as rivers, lakes and oceans. The equipment used in such surveys is known as hydrographic survey equipment. Hydrographic technology previously consisted of hardware setup in order to connect with the satellites for receiving information.
Based on the type, the unmanned vehicles segment is going to have lucrative growth during the forecast period due to the rise in demand from commercial sector, where they are used for deep water exploration and production activities, hydrographic surveys and drilling support and pipeline inspection.
By geography, North America is going to have high growth during the forecast period which can be attributed to the extensive usage in subsea research activities, oil and gas exploration and dredging.
Some of the key players profiled in the Hydrographic Survey Equipment Market include Chesapeake Technology Corp., Edgetech, Environmental Systems Research Institute, Inc. (ESRI), Innomar Technologie GmbH, Ixblue SAS, Kongsberg Gruppen Asa, Mitcham Industries Inc., Saab AB, Sonardyne International Ltd., Sonartech/Sonarbeam, Syqwest Inc., Teledyne Technologies Inc., Tritech International Ltd, Valeport Ltd. and Xylem, Inc.
Estimated Market Size in 2020:
USD 2.55 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 4.52 billion
Tables, Graphs & Figures
Depth, Platform, Type, Application, Distribution Channel, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Deep Water
• Shallow Water
• Surface Vehicles
• Sensing Systems
• Positioning Systems
• Subsea Sensors
• Unmanned Vehicles
• Acoustic Doppler Current Profiler (ADCP)
• Detection & Safety
• Water Level League
• Cable/Pipeline Route Survey
• Charting Application
• Coastal Engineering
• Dredge Operations
• Hydrographic/Bathymetric Survey
• Offshore Oil & Gas Survey
• Port & Harbor Management
• Seabed Feature Mapping
Distribution Channels Covered:
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Hydrographic Survey Equipment Market is majorly driven by growing usage of autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV), increase in maritime commerce and transport and surge in offshore renewable wind energy projects.
The commercial segment is growing at a highest CAGR owing to rise in degrading operations, oil & gas exploration and drilling activities by many commercial companies.
North America dominated with a significant market share due to the factors such as extensive usage in subsea research activities, oil and gas exploration and dredging.
Asia Pacific market is growing at a highest CAGR owing to the rise in industrialization, increase in maritime commerce and growth in the usage of underwater vehicles in the region.
Key players in Hydrographic Survey Equipment Market include Chesapeake Technology Corp., Edgetech, Environmental Systems Research Institute, Inc. (ESRI), Innomar Technologie GmbH, Ixblue SAS, Kongsberg Gruppen Asa, Mitcham Industries Inc., Saab AB, Sonardyne International Ltd., Sonartech/Sonarbeam, Syqwest Inc., Teledyne Technologies Inc., Tritech International Ltd, Valeport Ltd. and Xylem, Inc.
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