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Hydrographic Survey Equipment Market Report Scope & Overview:

The Hydrographic Survey Equipment Market Size was valued at USD 2.90 billion in 2022 and is expected to reach USD 4.35 billion by 2030 with a growing CAGR of 5.41% over the forecast period 2023-2030.

A hydrographic survey, also known as a bathymetric survey, is the process of measuring several elements beneath the surface of the water. The survey can be carried out in both still and moving water. The basic goals of hydrographic survey equipment are tidal measurements for sea coasts, with applications ranging from marine defence works to harbour building. Data can also be used for the construction of levelling dams to reduce sounds and for determining bed depth.

Hydrographic Survey Equipment Market Revenue Analysis

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The hydrographic survey can also identify navigational soundings, the placement of rocks and sand bars, and the volume of underwater excavation. Hydrographic survey equipment is used in irrigation and land drainage schemes for determining the direction of current in relation to the site of the sewer, measuring the quantity of water and flow of water in relation to water schemes, and flood controls.

MARKET DYNAMICS

KEY DRIVERS

  • Increase in Maritime Commerce and Transportation

  • Offshore Renewable Wind Energy Projects are Growing

RESTRAINTS

  • Hydrographic Survey Equipment Sales Affected by High Investment Costs and Seasonal Demand

  • Inadequate Professionals to Operate Hydrographic Survey Equipment

OPPORTUNITIES

  • Hydrographic Survey Equipment Technological Advancements

  • Increase in Offshore Oil and Gas Exploration Spending

CHALLENGES

  • Oil and gas industry fluctuations

IMPACT OF COVID-19

The COVID-19 epidemic has had a negative impact on the overall marine industry, including the hydrographic survey equipment industry. Global travel limitations, as well as the prohibition of commercial and logistics trade routes around the world, had a substantial influence on enterprises operating in the hydrographic survey equipment sector. Furthermore, inadequate logistics support as a result of trade restrictions disturbed the manufacturing industry, resulting in higher overhead costs and pushing enterprises to book losses within the timeframe. Companies with worldwide supply chains may need to assess crucial components that are in limited supply and consider alternative sourcing techniques to deal with the supply-demand mismatch. the bulk of hydrographic survey equipment makers rely on China for underwater cameras and temperature, pressure, and other sensors. Furthermore, strong social distancing standards are expected to enhance the global deployment of unmanned vehicles, such as ROVs and AUVs, for conducting hydrographic surveys. The risks connected with viral dissemination have been lessened as the use of autonomous vehicles has increased.

System of Sensing During the forecast period, the segment dominated the Hydrographic Survey Equipment Market. because of increased marine commerce activities in underdeveloped economies Furthermore, various sensing systems are employed at the shore to provide increased marine security and maintain safe commerce activities between countries, which is projected to raise demand for the segment.

Positioning Techniques The category is predicted to expand due to the growing demand for reliable nautical charts. Sensors for the Sea Hydrographic surveys precisely assess the seafloor's topography and identify anchoring zones and best pathways, which is likely to enhance demand for subsea sensors.

Software: Software provides advantages such as simplicity of deployment, accuracy, and lower ownership costs, propelling the segment's growth.

Unmanned Aerial Vehicles During the projection period, the unmanned vehicles segment is expected to have the greatest CAGR. The commercial sector is increasing its need for unmanned vehicles. These vehicles are used in deep sea exploration and production, drilling support and pipeline inspection, and hydrographic surveys, which are projected to boost the segment's expansion.

Water that is shallow The market was controlled by this segment. Shallow water basins in North America, Europe, Asia-Pacific, and the Middle East are projected to drive the hydrographic survey equipment market.

Water at a Depth The segment is predicted to expand due to increased business demand for unmanned vehicles. Deepwater exploration and production activities benefit from the use of unmanned vehicles.

Charting of the Seas Navigation is made easier using nautical and hydrographic maps. This is becoming increasingly important as commercial shipping, recreational boating, and fishing activities increase, which will boost the hydrographic charting market. Survey of Offshore Oil and Gas The segment led the market in 2021 and is predicted to grow at the fastest rate during the forecast period. Rising investments in offshore oil and gas exploration by growing economies such as India, China, South Korea, and Brazil are propelling the market forward.

Port and Harbor Administration Port management entails overseeing the numerous components of the shipping industry in order to ensure effective and organised operations. Warehouses, vessels, and freight and loading docks are all part of a port. The increased development of new ports in the Middle East is also predicted to drive category expansion.

Commercial This market was driven by the commercial segment, which is predicted to increase at the fastest CAGR over the forecast period. This category is predicted to grow due to increased demand from commercial firms for dredging operations, oil and gas exploration, pipeline and cable laying, drilling activities, and offshore surveys. Increased initiatives by government organisations to supply improved survey equipment are projected to support the segment's growth. Hydrographic survey equipment provides advantages such as precision, ease of implementation, and enhanced scheduling to the research segment, which will drive the segment during the forecast period.

Defense Various countries' rising adoption of hydrographic survey equipment to provide greater safety to military personnel is expected to fuel the segment's expansion over the study period.

KEY MARKET SEGMENTATION

By Platform

  • Surface Vessels

  • USVs And UUVs

  • Aircraft

By Application

  • Hydrographic Or Bathymetry Survey

  • Port And Harbor Management

  • Offshore Oil And Gas Survey

  • Cable Or Pipeline Route Survey

  • Others

By End User

  • Commercial

  • Research

  • Defense

By Type

By Depth

  • Shallow Water

  • Deep Water

Hydrographic Survey Equipment Market Segmentation Analysis

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REGIONAL ANALYSIS

Because of the presence of important technology businesses such as Teledyne Technologies Inc. and Mitcham Industries Inc., North America dominated the worldwide hydrographic survey equipment market in 2021. The presence of key hydrographic survey equipment providers such as Innomar Technologie GmbH and Ixblue SAS is projected to promote regional market growth.

Asia-Pacific This region's Hydrographic Survey Equipment Market is expected to grow at the fastest rate during the forecast period. The region's market growth is being driven by increased marine trade with developing countries such as India and China.

Africa and the Middle East Increased investments in hydrographic survey equipment by major oil and gas firms are likely to boost market expansion in the region.

South America The region's demand for hydrographic survey equipment is likely to rise as the number of deep water activities increases in nations such as Brazil and Mexico.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS

The Major Players are Edgetech, Ixblue SAS, XYLEM, Teledyne Technologies Inc., Innomar Technologie GmbH, Sonardyne International Ltd., Tritech International Ltd, Syqwest Inc., Valeport Ltd., KONSBERG GRUPPEN ASA, and other players.

Edgetech-Company Financial Analysis

Hydrographic Survey Equipment Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 2.90 Billion
Market Size by 2030 US$ 4.35 Billion
CAGR CAGR of 5.41% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Platform (Surface Vessels, USVs And UUVs, Aircraft)
• By Application (Hydrographic Or Bathymetry Survey, Port And Harbor Management, Offshore Oil And Gas Survey, Cable Or Pipeline Route Survey, Others)
• By End User (Commercial, Research, Defense)
• By Type (Sensing Systems, Positioning Systems, Subsea Sensors, Software, Unmanned Vehicles, Others)
• By Depth (Shallow Water, Deep Water)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Edgetech, Ixblue SAS, XYLEM, Teledyne Technologies Inc., Innomar Technologie GmbH, Sonardyne International Ltd., Tritech International Ltd, Syqwest Inc., Valeport Ltd., KONSBERG GRUPPEN ASA, and other players.
DRIVERS • Increase in Maritime Commerce and Transportation
• Offshore Renewable Wind Energy Projects are Growing
RESTRAINTS • Hydrographic Survey Equipment Sales Affected by High Investment Costs and Seasonal Demand
• Inadequate Professionals to Operate Hydrographic Survey Equipment

Frequently Asked Questions

According to SNS insiders, the Global Hydrographic Survey Equipment Market size was USD 2.71 billion in 2021 and is expected to reach USD 3.98 billion  by 2028 with a CAGR of 5.41% over the forecasted period.

 

Hydrographic Survey Equipment Sales Affected by High Investment Costs and Seasonal Demand and Inadequate Professionals to Operate Hydrographic Survey Equipment

North America dominated the worldwide hydrographic survey equipment market in 2021.

 

Financial, Products/ Services Offered, SWOT Analysis, The SNS view

Oil and gas industry fluctuations

According to SNS insiders, the Hydrographic Survey Equipment Market size was USD 2.71 billion   in 2021 and is expected to reach USD 3.98 billion  by 2028 with a CAGR of  5.41% over the forecasted period.

North America dominated the worldwide hydrographic survey equipment market in 2021 and Asia-Pacific This region's Hydrographic Survey Equipment Market is expected to grow at the fastest rate during the forecast period.

The COVID-19 epidemic has had a negative impact on the overall marine industry, including the hydrographic survey equipment industry. Global travel limitations, as well as the prohibition of commercial and logistics trade routes around the world, had a substantial influence on enterprises operating in the hydrographic survey equipment sector.

The sample for the Hydrographic Survey Equipment Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.

Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product. 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Hydro graphic Survey Equipment Market Segmentation, by Platform

8.1 Surface Vessels

8.2 USVs And UUVs

8.3 Aircraft

9. Hydro graphic Survey Equipment Market Segmentation,  by Application

9.1 Hydro graphic Or Bathymetry Survey

9.2 Port And Harbor Management

9.3 Offshore Oil And Gas Survey

9.4 Cable Or Pipeline Route Survey

9.5 Others

10. Hydro graphic Survey Equipment Market Segmentation, by End User

10.1 Commercial

10.2 Research

10.3 Defense

11. Hydro graphic Survey Equipment Market Segmentation, by Type

11.1 Sensing Systems

11.2 Positioning Systems

11.3 Optical System

11.4 Profilers

11.5 Software

11.6 Others

12. Hydrographic Survey Equipment Market Segmentation, by Depth

12.1 Shallow Water

12.2 Deep Water

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14. Company Profiles

14.1 Edgetech

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Ixblue SAS

14.3 XYLEM

14.4 Teledyne Technologies Inc.

14.5 Innomar Technologie GmbH

14.6 Sonardyne International Ltd.

14.7 Tritech International Ltd

14.8 Syqwest Inc.

14.9 Valeport Ltd.

14.10 KONSBERG GRUPPEN ASA

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share Analysis

15.3 Recent Developments

16. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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