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Hydrographic Survey Equipment Market Size, Share And Forecast To 2033
Hydrographic Survey Equipment Market Size
As per the report, the hydrographic survey equipment market size has grown strongly in recent years. It will grow from $2.91 billion in 2023 to $3.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Hydrographic Survey Equipment Market Report Structure
3. Hydrographic Survey Equipment Market Trends And Strategies
4. Hydrographic Survey Equipment Market - Macro Economic Scenario
5. Hydrographic Survey Equipment Market Size And Growth
…..
27. Hydrographic Survey Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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