Attractive Market Opportunities in Hydrographic Survey Equipment Market

The total market is projected to reach USD 3.62 Billion by 2021, at a CAGR of 5.43% during the forecast period. Rise in maritime commerce, increase in demand for accurate nautical charts, and coastal zone management & development is expected to drive the hydrographic survey equipment market. 

The market for hydrographic survey equipment is driven by various factors, such as underwater exploration and precise nautical charts from different surveillance industries. The report includes market dynamics, such as drivers, restraints, challenges, and opportunities, along with Porter’s Five Forces analysis and a life cycle analysis of the market. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.

Browse 72 market data tables with 69 figures spread through 164 pages and in-depth TOC on "Hydrographic Survey Equipment Market - Global Forecast to 2021" 

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The major players in this market are Thales Group (France), Teledyne Technologies, Inc. (United States), The Raytheon Company (Germany), Kongsberg Gruppen ASA (Norway), and Fugro (Netherlands).

Acoustic Underwater Systems segment to dominate the hydrographic survey equipment market

The global hydrographic survey equipment market has been analyzed and segmented into five segments namely, positioning systems, acoustic underwater systems, non-acoustic marine geophysical systems, oceanographic system & samplers, and others. The acoustic underwater systems segment is expected to dominate the overall market in terms of market size, and is estimated to exhibit a similar trend during the next five years owing to the need for accurate nautical charts. In addition, there has been an increase trade activities in emerging countries. Thus, the acoustic underwater systems segment is estimated to witness growth in the hydrographic survey equipment market.

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Cable/pipeline route survey application to witness high growth during the forecast period

The global hydrographic survey equipment market, by application, has been segmented into seven subsegments namely, hydrographic survey, seabed feature mapping, port & harbor management, dredge operations, offshore oil & gas survey, cable/pipeline route survey, and charting application. The cable/pipeline route survey subsegment is estimated to register the highest CAGR rate among all applications due to high demand from oil & gas, energy & power as well as telecommunication industries.

 These surveys accurately examine the topography of the seafloor, thereby identifying optimum routes and anchoring zones. The market for cable/pipeline route survey application is the largest in North America and Europe, owing to the developed oil/gas exploration market in these regions.