Press release
Prominent Hydrographic Survey Equipment Market Trend for 2025: Innovative Technologies Drive Hydrographic Survey Equipment Market
The upswing in maritime commerce is predicted to stimulate the growth of the hydrographic survey equipment market in the future. Maritime commerce involves the usage of vessels for goods transportation via sea. Hydrographic surveying, a civil engineering service, plays a vital role in this trade by defining the physical features of underwater areas. For example, data from the United Nations Conference on Trade and Development, a Swiss-based intergovernmental organization, predicts maritime trade to slow down to 1.4% in 2022. However, it is envisaged to exhibit an annual growth rate of 2.1% from 2023 to 2027. Consequently, the boom in maritime commerce is propelling the hydrographic survey equipment market.
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How will the growth rate of the hydrographic survey equipment market shape industry trends by 2034?
In recent times, the hydrographic survey equipment market has witnessed a robust expansion. The market, currently worth $3.07 billion in 2024, is projected to increase to $3.27 billion in 2025 with a compound annual growth rate (CAGR) of 6.6%. Factors such as enhanced maritime safety, increased maintenance of ports and harbors, growth in offshore resource exploration, heightened environmental monitoring, and an upswing in infrastructure development have led to the exponential growth observed in the historic period.
The market for hydrographic survey equipment is forecasted to undergo significant expansion in the coming years. The projected market value is slated to reach $4.35 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this surge during the forecast period include environmental shifts such as climate change and rising sea levels, an uptrend in offshore renewable energy, an expanding blue economy, international collaborations, and burgeoning underwater archaeology. Key trends anticipated within this period include the proliferation of multi-beam sonar systems, the emergence of unmanned survey vessels, the integration of lidar technology, real-time data processing, and incorporation with GIS and remote sensing.
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What trends are poised to drive the future success of the hydrographic survey equipment market?
In the hydrographic survey equipment market, the rise of technological advancements is a prominent trend. The main players in the market are concentrating on creating innovative technology solutions to bolster their market standing. For example, Kongsberg Maritime, a firm based in Europe that works in the hydrographic survey equipment sector, introduced an upgrade to their acoustic modems in March 2022. The new addition, called cNODE Mantis, brings unprecedented capability of producing a real-time video feed for multiple underwater installations. The cNODE Mantis incorporates a live video solution technology that aids in underwater installation projects as well as the monitoring of the positioning of structures on the ocean floor.
Which primary segments of the hydrographic survey equipment market are driving growth and industry transformations?
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
Subsegments:
1) By Sensing Systems: Echo Sounders, Multibeam Sonar Systems, Single Beam Sonar Systems
2) By Positioning Systems: GPS Systems, GNSS Receivers, Inertial Navigation Systems
3) By Optical Systems: Underwater Cameras, Laser Scanning Systems
4) By Profilers: Water Quality Profilers, CTD (Conductivity, Temperature, Depth) Profilers
5) By Software: Hydrographic Data Processing Software, GIS Software For Hydrographic Surveys
6) By Other Types: Survey Boats And Platforms, Drones And UAVs For Hydrographic Surveys
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Which geographical regions are pioneering growth in the hydrographic survey equipment market?
Asia-Pacific was the largest region in the hydrographic survey equipment market in 2024. The regions covered in the hydrographic survey equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the hydrographic survey equipment market 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, Hemisphere GNSS, Hydrotechnik Lübeck GmbH, JFE Advantech Co. Ltd., Knudsen Engineering Limited, L-3 Communications Klein Associates Inc.
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What Is Covered In The Hydrographic Survey Equipment Global Market Report?
•Market Size Forecast: Examine the hydrographic survey equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydrographic survey equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the hydrographic survey equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydrographic survey equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydrographic survey equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydrographic survey equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydrographic survey equipment market.
•Competitive Landscape: Review strategic developments in the hydrographic survey equipment market, including expansions, agreements, and new product launches.
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