The report "Hydrographic Survey Equipment Market by
Type (Sensing System, Positioning System, Subsea Sensor, Unmanned Vehicle,
Software), Application (Port & Harbor, Oil & Gas, Cable, Charting),
Depth, Platform, End User, and Region - Global Forecast to 2022", 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. Growth in this market can be attributed to the rise
in maritime trade, increased use of UUVs and USVs to conduct hydrographic and oil
& gas surveys.
Browse 102 Market Data Tables and 48 Figures spread through 196 Pages
and in-depth TOC on "Hydrographic Survey Equipment Market - Global
Forecast to 2022"
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The unmanned vehicles
segment is estimated to account for the largest share in the hydrographic
survey equipment market in 2017 and is projected to grow at the highest CAGR
during the forecast period.
Based on type, the unmanned vehicles segment
is estimated to account for the largest share in the hydrographic survey
equipment market in 2017 and is projected to grow at the highest CAGR during
the forecast period. The use of unmanned vehicles increases safety during
critical operations due to the least human interventions and reduces risks and
costs associated as against the use of a manned vehicle.
The offshore oil & gas survey
segment is estimated to account for the largest share of the hydrographic
survey equipment market in 2017 and is projected to grow at the highest CAGR
during the forecast period
Based on application, the
offshore oil & gas survey segment is estimated to account for the largest
share in the hydrographic survey equipment market in 2017 and is projected to
grow at the highest CAGR during the forecast period. The offshore oil & gas
industry relies on survey & positioning for exploration and planning
facilities, construction, and maintenance. Growth of this segment can be
attributed to the rising demand for crude oil energy across the world.
Based on depth, the deep water
segment is projected to grow at the highest CAGR during the forecast period.
Growth of this segment can be attributed to the increasing number of deepwater
operations in oil field development projects in the Gulf of Mexico, Brazil, and
West Africa, as well as other emerging regions, which is expected to drive the
demand for hydrographic survey equipment.
The Asia Pacific hydrographic
survey equipment market is projected to witness the highest growth during
the forecast period
The hydrographic survey equipment
market in the Asia Pacific region is projected to grow at the highest CAGR from
2017 to 2022. Countries in this region include China, India, Malaysia, and the
Rest of Asia Pacific. Rise in exploration and production, port & harbor
management, along with the development of offshore wind energy parks in the
region are fueling the growth of the hydrographic survey equipment market in
the Asia Pacific.
Major players in the hydrographic
survey equipment market are Kongsberg Gruppen ASA (Norway), Teledyne
Technologies (US), INNOMAR Technologie GmbH (Germany), Edgetech (US), Sonardyne
International (UK), iXblue SaS (France), and SyQwest Inc. (UK), among others.
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