Hydrographic Survey Equipment Market Analysis, Development, and Forecast by 2031

MARKET OVERVIEW

Hydrographic survey is the process used to record the bodily features of coastal areas, oceans, rivers, seas, and lakes, and equipment that are mandatory to do such a survey are called hydrographic survey equipment. This survey aims to make sure about maritime navigation safety. The hydrographic survey measures the depth and analyzes the distance between survey boats from the coast. Development of offshore marine infrastructure has boosted the demand for the hydrographic survey equipment market.

MARKET SCOPE

The "Global Hydrographic Survey Equipment Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The hydrographic survey equipment market report aims to provide an overview of the hydrographic survey equipment market with detailed market segmentation by type, application, platform, end user, depth, and geography. The global hydrographic survey equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrographic survey equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• On the basis of type, the market is segmented as sensing system, positioning system, subsea sensor, and others.
• On the basis of application, the market is segmented as hydrographic/bathymetry survey, port and harbor management, offshore oil and gas survey, cable/pipeline route survey, charting application, and others.
• Based on platform, the market is segmnted as surface vessels, USVS and UUVS, and aircraft.
• Based on end user, the market is segmented into commercial, research, and defense.
• Based on depth, the market is segmented into shallow water, and deep water.

MARKET DYNAMICS

Drivers:

• The development of offshore marine infrastructure
• The advanced techniques, modularization, and standardization in the construction, defense, and aerospace sectors

Restraints:

• The high capital investment

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The HYDROGRAPHIC SURVEY Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the HYDROGRAPHIC SURVEY Equipment market.

IMPACT OF COVID-19 ON HYDROGRAPHIC SURVEY EQUIPMENT MARKET

The COVID-19 impact on the hydrographic survey equipment market is unpredictable and is expected to remain in force till the second quarter of 2021. The COVID-19 outbreak forced governments across the globe to implement a strict shutdown of ports to contain the spread of the virus. Consequently, a rapid decline in import-export and travel activities via waterways was witnessed across the globe. This led to a sudden fall in demand for conducting regular hydrographic surveys across the world. Furthermore, the nationwide shutdown compelled enterprises that provide hydrographic survey services to shut down partially or fully. Due to the negative effects of the COVID-19 pandemic, activities, and initiatives involving the development of revolutionary hydrographic survey equipment solutions have been delayed. According to the VesselValue agency, new shipbuilding orders declined by ~41% in 2021. Total 532 new vessel orders were placed n 2021, compared to 906 orders in 2021. However, the hydrographic survey equipment market is likely to rebound as various aerospace, and marine industry has been ramping up their services post unlocking in 2021. For instance, in May 2021, Dae Sun Shipbuilding & Engineering was awarded a contract worth USD 153.6 million by SITC International Holdings Company to deliver 8 1,023teu container vessels, plus an option for two additional vessels. The eight vessels are expected to be delivered by the end of 2023. Further, in May 2021, Hyundai Mipo Dockyard, Korea Shipbuilding & Offshore Engineering (KSOE), ABS, and the Republic of the Marshall Islands (RMI) Maritime Administrator signed a collaboration agreement for the development of liquefied CO2 carrier ship designs to achieve carbon emission reduction targets. As a result, the hydrographic survey equipment market is likely to be boosted in the coming years (2021-2031).

MARKET PLAYERS

The report covers key developments in the hydrographic survey equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from HYDROGRAPHIC SURVEY Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for HYDROGRAPHIC SURVEY Equipment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HYDROGRAPHIC SURVEY Equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Unique Group FZC
• Teledyne Marine
• Syqwest, Inc. 
• Southern Engineering Co. Ltd (SECO)
• Sonardyne Group Ltd.
• MIND Technology, Inc.
• Kongsberg Gruppen
• iXblue
• SONARTRONIC
• Xylem Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hydrographic Survey Equipment Report Scope