Press release
Hydrographic Survey Equipment Market Growth Drivers, Key Trends, Size, Share Analysis And Forecast To 2033
Hydrographic Survey Equipment Market
The hydrographic survey equipment market size is expected to see strong growth in the next few years. It will grow to $4.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to climate change and sea-level rise, increasing offshore renewable energy, blue economy growth, international collaboration, rising underwater archaeology. Major trends in the forecast period include multi-beam sonar systems, unmanned survey vessels:, lidar technology integration, real-time data processing, integration with gis and remote sensing.
Market Overview -
Hydrographic survey equipment refers to survey equipment made with software and hardware solutions that obtain data necessary for preparing charts related to water depth, topography, tide measurements, and other physical features underwater. Such charts are produced to provide surface navigational information.
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Rising Maritime Trade Boosts Hydrographic Survey Equipment Market
An increase in maritime trade is expected to propel the growth of the hydrographic survey equipment market going forward. Maritime trade refers to the type of trade that includes the use of ships to transport goods by sea. Hydrographic surveying is a civil engineering service that determines the physical features of an underwater area and helps the maritime trade. For instance, in 2021, according to United Nations Conference on Trade and Development data, a Switzerland-based intergovernmental organization, maritime trade is projected to increase by 4.3% in the year 2021. Therefore, the increase in maritime trade is driving the hydrographic survey equipment market.
Competitive Landscape -
Major companies operating in the hydrographic survey equipment market include Kongsberg Maritime AS, Sonardyne International Ltd., Innomar Technologie GmbH, Edgetech Air Systems Pvt. Ltd., Tritech International Limited, Teledyne Technologies Incorporated, iXblue SaS, SyQwest Inc., Valeport Ltd., Xylem Inc., Raytheon Technologies Corporation, Fugro N.V., Thales Group, Atlas Electronics Inc., Odom Hydrographic Systems Inc., Stewart Technology Associates, H.J. Merrihue GmbH, Mesco Inc., Teg Oceanographic Services Inc., Waterway Surveys Inc., R2Sonic LLC., WASSP Ltd., Applied Acoustics International, ECHO81, Geomares Publishing, Hemisphere GNSS, Hydrotechnik Lübeck GmbH, JFE Advantech Co. Ltd., Knudsen Engineering Limited, L-3 Communications Klein Associates Inc.
Innovative Technologies Drive Hydrographic Survey Equipment Market
Technological advancements are a key trend gaining popularity in the hydrographic survey equipment market. Major companies operating in the hydrographic survey equipment market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Kongsberg Maritime, a Europe-based company operating in hydrographic survey equipment launched an addition to the acoustic modems, a cNODE Mantis that creates a new capability for streaming a live video feed for numerous subsea installations. The cNODE Mantis featured a live video solution technology that helps in subsea installation projects and visually monitors the placement of structures on the seabed.
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Key Segments -
The hydrographic survey equipment market covered in this report is segmented -
1) By Type: Sensing Systems, Positioning Systems, Optical System, Profilers, Software, Other Types
2) By Platform: Surface Vessels, USV And UUV, Aircraft
3) By Depth: Shallow Water, Deep Water
4) By Application: Port And Harbor Management, Offshore Oil And Gas Survey, Cable Or Pipeline Route Survey, Hydrographic Or Bathymetry Survey, Other Applications
5) By End User: Commercial, Research, Defense
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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