USD 4.44 Billion
Hydrographic Survey Equipment Market Size, Share, Growth Analysis, By Type(Sonar Systems and Positioning Systems), By Application(Government and Defense, and Oil and Gas), By Depth(Deep water, shallow water), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20T2008 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
86
|Figures:
76
Hydrographic Survey Equipment Market Insights
The Global Hydrographic Survey Equipment Market size was valued at USD 4.44 Billion in 2022 and is poised to grow from USD 4.70 Billion in 2023 to USD 7.34 Billion by 2031, at a CAGR of 5.75% during the forecast period (2024-2031).
The global market is poised for significant growth in the foreseeable future. Hydrographic surveying is a crucial process employed to measure and characterize the physical attributes of various water bodies, including oceans, lakes, and rivers. The equipment employed in these surveys, commonly referred to as hydrographic equipment, has undergone notable advancements over time. While traditional methods relied heavily on hardware setups to connect with satellites and gather information, contemporary approaches are more reliant on software solutions. One such modern software is QINSy (Quality Integrated Navigation System), which effectively manages operations within a hydrographic complex, even when comprised of equipment from different manufacturers. To date, QINSy licenses have been issued to over 700 companies across 71 countries, highlighting its widespread adoption. Several key factors are expected to drive the growth of the hydrographic survey equipment market. These include continuous product enhancements and technological advancements, coupled with an increasing demand for offshore oil exploration and extraction activities. In the future, precise positioning systems, high-resolution sonar technology, and advanced acoustic equipment will be in high demand within the sector. However, certain challenges may impede the progressive growth of the hydrographic equipment market. Cost and time inefficiencies are the primary restraints that need to be addressed to fully unlock the market's potential.
The global industry can be categorized based on application into port and harbor management, hydrographic charting, coastal engineering, and offshore oil and gas. Hydrographic and nautical charts play a vital role in ensuring safe navigation, which is becoming increasingly crucial due to the growth of commercial shipping, recreational boating, and fishing activities. Port and harbor management involve overseeing various components of the shipping industry to ensure smooth and streamlined operations. Echo sounding, another emerging application of hydrography, utilizes sound pulses to determine water depth. Coastal engineering encompasses the study of shoreline processes and structures, combining civil engineering, oceanography, and marine geology to provide navigational access. Lastly, offshore oil and gas exploration focuses on drilling beneath the seabed to extract petroleum resources. In the United States, offshore oil and gas contribute significantly to the nation's energy supply, with reserves located offshore from Louisiana, Texas, California, and Alaska.
US Hydrographic Survey Equipment Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Modified Starch
Fastest Growth
Modified Starch
Growth Rate
5.75% CAGR
Global Hydrographic Survey Equipment Market ($ Bn)
Country Share for North America Region (%)
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Hydrographic Survey Equipment Market Segmental Analysis
The Global Hydrographic Survey Equipment Market is segmented by type, application, depth and region. Based on type, the market can be segmented into sonar systems, and positioning systems. Based on application, the market is segmented into government and defense, and oil and gas. Based on depth, shallow water and deep water. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Hydrographic Survey Equipment Market Analysis by Type
By type, the market can be segmented into sonar systems and positioning systems. Sonar systems play a vital role in hydrographic surveys by providing accurate data on water depth, seafloor imaging, and underwater target detection. Currently, the Sonar Systems segment dominated the hydrographic survey equipment market due to its widespread usage and essential applications in various industries. Sonar systems enable efficient bathymetric mapping and play a crucial role in ensuring maritime safety by identifying navigational hazards.
Positioning systems, including Global Navigation Satellite Systems (GNSS), Real-Time Kinematic (RTK) positioning systems, and Differential Global Positioning Systems (DGPS), are essential for precise positioning and navigation during hydrographic surveys. While not as dominant as Sonar Systems, Positioning Systems hold a significant share in the hydrographic survey equipment market due to their critical role in providing accurate geospatial data.
Hydrographic Survey Equipment Market Analysis by Application
By application, the market can be segmented into government and defense, and oil and gas. The Government and Defense sector plays a crucial role in hydrographic surveys, as it includes naval forces, coast guards, hydrographic offices, and government agencies responsible for maritime activities. This segment dominated the hydrographic survey equipment market due to the significant investments made by governments worldwide in ensuring maritime safety, national security, and efficient navigation.
The Oil and Gas industry fastest growing segment in hydrographic surveys for offshore exploration, drilling, and production activities. Accurate mapping of the seafloor, identification of underwater features, and monitoring of environmental factors are essential for the safe and efficient operations of the oil and gas sector.
Hydrographic Survey Equipment Market Analysis by depth
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.
Global Hydrographic Survey Equipment Market By Type
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Hydrographic Survey Equipment Market Regional Insights
North America holds a dominant position in the global market. The region's dominance can be attributed to several factors, including the presence of advanced technological infrastructure, a robust offshore oil and gas industry, and the strong demand for efficient port and harbor management. North America is home to major hydrographic equipment manufacturers and has a well-established network of suppliers and distributors.
Asia-Pacific (APAC) is poised to be the fastest-growing region in the hydrographic survey equipment market. The region's rapid economic development, expanding maritime trade, and increasing offshore exploration activities are the key factors driving market growth in APAC. Several countries in the region, including China, Japan, South Korea, and Australia, have expansive coastlines and a growing focus on maritime infrastructure development.
Global Hydrographic Survey Equipment Market By Region
- Largest
- Fastest
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Hydrographic Survey Equipment Market Dynamics
Hydrographic Survey Equipment Market Drivers
Increasing demand for offshore oil exploration and extraction activities
- One significant driver fueling the growth of the global hydrographic survey equipment market is the increasing demand for offshore oil exploration and extraction activities. As the offshore oil and gas industry expands, there is a growing need for precise positioning systems, high-resolution sonar technology, and advanced acoustic equipment to support efficient and accurate operations. The exploration of oil reserves beneath the seabed, particularly in regions like North America and APAC, drives the demand for hydrographic survey equipment in these areas.
Hydrographic Survey Equipment Market Restraints
Presence of cost and time inefficiencies
- A key restraint hindering the progressive growth of the hydrographic survey equipment market is the presence of cost and time inefficiencies. The complexity and precision required in hydrographic surveying processes often result in higher costs and time-consuming operations. These challenges can limit the widespread adoption of hydrographic equipment, especially among smaller organizations or those with budgetary constraints. Overcoming cost and time inefficiencies through technological advancements and streamlined workflows will be crucial in unlocking the market's full potential and expanding its reach to a wider customer base.
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Hydrographic Survey Equipment Market Competitive Landscape
Global hydrographic survey equipment market is characterized by intense competition among various manufacturers and solution providers. Companies in the market strive to differentiate themselves by focusing on product enhancements and technological advancements. They aim to develop innovative software solutions that streamline hydrographic operations and improve efficiency. Additionally, market players often emphasize the integration of advanced positioning systems, high-resolution sonar technology, and acoustic equipment to cater to the evolving needs of offshore oil exploration, port management, coastal engineering, and other applications in the hydrographic industry.
Hydrographic Survey Equipment Market Top Player’s Company Profiles
- Teledyne Marine (US)
- Fugro (Netherlands)
- Thales Group (France)
- Trimble Inc. (US)
- Sonardyne International Ltd. (UK)
- Valeport Ltd. (UK)
- IXBLUE (France)
- C-Nav (US)
- IIC Technologies (Canada)
- Trelleborg AB (Sweden)
- Hemisphere GNSS (US)
- Syqwest Inc. (US)
- HYPACK, Inc. (US)
- CHC Navigation (China)
- Ohmex Ltd. (UK)
- R2Sonic LLC (US)
- SBG Systems (France)
- NovAtel Inc. (Canada)
- CARIS (Canada)
Hydrographic Survey Equipment Market Recent Developments
- In June 2023, Sonardyne International announced a significant funding round led by a group of investors, including growth equity firm EQT. The funding will support Sonardyne's expansion and development of innovative technologies for hydrographic surveying and subsea operations
- In May 2023, ECA Group, a provider of robotic systems for underwater and aerial applications, launched a new generation of autonomous underwater vehicles (AUVs) designed for high-resolution hydrographic surveys and subsea inspections.
- In April 2023:,Fugro acquired ROAMES, a specialist in unmanned aerial system (UAS) services and data analysis. The acquisition strengthens Fugro's capabilities in aerial surveying and data analytics for hydrographic applications.
- In February 2023, Kongsberg Maritime partnered with Ocean Infinity, a marine robotics company, to develop and launch the Armada fleet of uncrewed surface and underwater vehicles for hydrographic and offshore surveys.
- In January 2023, Teledyne CARIS announced the launch of HIPS Essential, a new software package that provides a streamlined solution for processing and managing hydrographic survey data.
Hydrographic Survey Equipment Key Market Trends
- A key market trend in the hydrographic survey equipment market is the increasing adoption of advanced software solutions. Traditional hardware setups are being replaced by software-driven systems that offer more efficient and streamlined operations. This shift towards software-centric approaches enables seamless integration of hydrographic equipment from different manufacturers, enhancing interoperability and compatibility. Moreover, software solutions provide advanced data processing capabilities, real-time analytics, and improved visualization, enabling more accurate and timely decision-making. This trend towards software-driven solutions reflects the industry's focus on technological advancements and the need for more efficient hydrographic surveying processes.
Hydrographic Survey Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global hydrographic survey equipment market analysis, the market is poised for significant growth, driven by factors such as technological advancements, increasing offshore oil exploration, and the demand for efficient port and harbor management. The market is witnessing a shift towards software-driven solutions, offering enhanced integration, interoperability, and advanced data processing capabilities. North America dominated the market due to its advanced infrastructure and robust offshore oil and gas industry, while the Asia-Pacific region, particularly China, emerges as the fastest-growing region, propelled by rapid economic development and maritime infrastructure projects. However, cost and time inefficiencies pose challenges to market growth. Key players in the industry strive to differentiate themselves through product enhancements and technological innovations. As the demand for hydrographic survey equipment continues to rise, addressing these challenges and embracing advanced software solutions will be crucial for sustained market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.44 Billion |
| Market size value in 2031 | USD 7.34 Billion |
| Growth Rate | 5.75% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hydrographic Survey Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hydrographic Survey Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hydrographic Survey Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hydrographic Survey Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hydrographic Survey Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hydrographic Survey Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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