What is Hydrographic Survey Equipment Market Scope?
The hydrographic survey process is used to measure and describe the physical features of the navigable earth’s surface such as oceans, lakes, and rivers. The equipment used to measure these features are called hydrographic equipment. Hydrographic technology earlier consisted of hardware setup to connect with the satellites for receiving information. However, modern technology relies more on software.
Influencing Trend:
Lasers/Lidar Technology in Surveying and Data-Centricity in Surveying
Market Growth Drivers:
Increasing Maritime Trade and Rise in the Demand for Accurate Nautical Charts, Increasing Use of AUVs and USVs and The Rise in Offshore Renewable Wind Energy Projects
Challenges:
Fluctuations in the Oil & Gas Industry
Restraints:
Issues Related to Stringent Regulations Implemented by Government Authorities, High Investment Cost and Seasonal Demand Affecting Sales of Hydrographic Survey Equipment and Lack of Skilled Professional to Operate Hydrographic Survey Equipment
Opportunities:
Technological Advancements in Hydrographic Survey Equipment and Rise in Offshore Oil and Gas Exploration Expenditure
The Hydrographic Survey Equipment market study is being classified by Type (Sensing Systems, Positioning Systems, Subsea Sensors and Unmanned Vehicles), by Application and major geographies with country level break-up.
The United States hydrographic survey equipment market is fragmented in nature owing to the presence of more players. The major players are adopting various strategies to sustain in the competitive market such as the adoption of new technology, new added features, mergers and acquisitions, and new product launches. Also, they are expanding their regional footprints globally. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Hydrographic Survey Equipment market throughout the predicted period.
Raytheon Technologies Corporation (United States), Chesapeake Technology (United States), EdgeTech (United States), Environmental Systems Research Institute, Inc. (United States), Mitcham Industries Inc. (United States), Xylem, Inc. (United States), Moog Inc. (United States), Seafloor Systems Inc. (United States), Syqwest Inc. (United States) and Teledyne Technologies Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Thales Group (France), Innomar Technologie GmbH (Germany), Ixblue SAS (France), Kongsberg Gruppen ASA (Norway), Saab AB (Sweden) and Sonardyne International Ltd. (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hydrographic Survey Equipment market by Type, Application and Region.
On the basis of geography, the market of Hydrographic Survey Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In June 2023, Sonardyne International announced a significant funding round led by a group of investors, including growth equity firm EQT. The funding will support Sonardyne's expansion and development of innovative technologies for hydrographic surveying and subsea operations
In May 2023, ECA Group, a provider of robotic systems for underwater and aerial applications, launched a new generation of autonomous underwater vehicles (AUVs) designed for high-resolution hydrographic surveys and subsea inspections.
Key Target Audience
Hydrographic Survey Equipment Manufacturers, Parts and Accessories Suppliers, Distributors/Traders/Wholesalers/Retailers, Research Institutes, Government & Public Houses, End-Use Industries and Others
Hydrographic Survey Equipment Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Hydrographic Survey Equipment Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Hydrographic Survey Equipment industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.