[196 Pages Report] The hydrographic
survey equipment market is projected to grow from USD 2.07 Billion in 2016
to USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022 during the
forecast period. The base year considered for the study is 2016 and the
forecast period is from 2017 to 2022.
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The hydrographic survey equipment
market is estimated at USD 2.11 Billion in 2017 and is projected to reach USD
2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022. Various factors,
such as rising maritime trade, increase in demand for accurate nautical charts,
and coastal zone management & development are expected to drive the hydrographic
survey equipment market.
Among types, the unmanned
vehicles segment is estimated to account for the largest share in the
hydrographic survey equipment market in 2017. Growth in the unmanned vehicles
segment is attributed to the increased demand for unmanned vehicles from the
commercial sector, owing to their application for deep water exploration and
production activities, drilling support and pipeline inspection, and
hydrographic surveys.
Among depths, the shallow water
segment is estimated to account for the largest share in the hydrographic
survey equipment market in 2017. The shallow water basins in North America,
Europe, Asia Pacific, and the Middle East are expected to play a key role in
driving the hydrographic survey equipment market.
Among applications, the offshore
oil & gas survey segment is estimated to account for the largest share in
the hydrographic survey equipment market in 2017. Increasing investments in
offshore oil & gas exploration activities by emerging economies, such as
India, China, South Korea, and Brazil is driving the hydrographic survey
equipment market.
Among end users, the commercial
segment is projected to be the fastest-growing market during the forecast
period in the hydrographic survey equipment market. Increase in dredging
operations, pipeline & cable laying, oil & gas exploration, offshore
surveys, and drilling activities by commercial companies is expected to drive
this segment.
The types of hydrographic survey
equipment offered by various companies in the market have been listed in this
report. The recent developments section of the report lists the latest and
important developments by companies in the hydrographic survey equipment market
between 2014 and 2017. The major players in the hydrographic survey equipment
market are Kongsberg Maritime (Norway), Teledyne Technologies (US), INNOMAR
Technologie GmbH (Germany), Edgetech (US), Sonardyne International (UK), iXblue
SaS (France), and SyQwest Inc. (UK), among others. New product launches and
contracts accounted for a major share of all the growth strategies adopted by
leading players in the hydrographic survey equipment market.
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