Global Hydrographic Survey Equipment Market Size study & Forecast, by Type (Sensing Systems, Positioning Systems, Subsea Sensors, Software, Unmanned Vehicles) By Depth (Shallow Water, Deep Water) By Application (Hydrographic Charting, Offshore Oil & Gas S

Global Hydrographic Survey Equipment Market Size study & Forecast, by Type (Sensing Systems, Positioning Systems, Subsea Sensors, Software, Unmanned Vehicles) By Depth (Shallow Water, Deep Water) By Application (Hydrographic Charting, Offshore Oil & Gas Survey, Port & Harbor Management, Coastal Engineering) By End User (Commercial, Research, Defense) and Regional Analysis, 2022-2029

Global Hydrographic Survey Equipment Market is valued at approximately USD 3.28 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.73% over the forecast period 2022-2029. Hydrographic survey equipment is used to collect and analyze data about the physical features of bodies of water, such as oceans, lakes, and rivers. The Hydrographic Survey Equipment market is expanding because of factors such as growing Maritime Trade and increased adoption of the autonomous underwater vehicle.

The equipment is critical for producing accurate navigational charts, identifying potential hazards to navigation, and assessing the impact of human activities on the marine environment. Its prevalence has progressively increased during the last few decades. According to Statista, in 2021, the volume of global seaborne trade was estimated to be around 11 billion tons. Furthermore, Of the around 58,000 merchant ships trading internationally, some 17,800 ships were Ro-Ro/general cargo ships as of January 1, 2022. General cargo ships thus accounted for nearly 31 per cent of the world’s merchant fleet. Another important component driving space is the increasing adoption of the autonomous underwater vehicle. According to an autonomous vehicle market forecast by Next Move Strategy Consulting, the global autonomous vehicle market reached nearly the size of 106 billion U.S. dollars in 2021. It is projected that in 2030, the market will reach the size of over 2.3 trillion U.S. dollars. In addition, it is expected that the global UUV market will be sized at around four billion U.S. dollars by 2021. Also, rising technological Advancements in the marine industry and a rising number of Offshore Renewable Wind Energy Projects would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Hydrographic Survey Equipment stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hydrographic Survey Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region's increasing disease prevalence. According to the CDC, there will be roughly 37.3 million diabetics in the United States in 2020, including 28.7 million diagnosed and 8.5 million undiagnosed cases. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for biosimilar development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market player included in this report are:
KONSBERG GRUPPEN ASA
Teledyne Technologies Inc.,
Innomar Technologie GmbH,
Edgetech Air Systems Pvt. Ltd.
Sonardyne International Ltd.,
Tritech International Ltd,
Ixblue SAS,
Syqwest Inc.,
Valeport Ltd.,
Xylem Inc.

Recent Developments in the Market:
 In February 2020, Kongsberg Maritime and the Indian National Institute of Ocean Technology about to sell a HUGIN AUV system to the NIOT. The NIOT's HUGIN AUV system was equipped with an EM2040 multiband imaging device, which was designed for seabed and hydrographic applications.

Global Hydrographic Survey Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Depth, Application, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Sensing Systems
Positioning Systems
Subsea Sensors
Software
Unmanned Vehicles

By Depth
Shallow Water
Deep Water

By Application
Hydrographic Charting
Offshore Oil & Gas Survey
Port & Harbor Management
Coastal Engineering

By End User
Commercial
Research
Defense


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
KONSBERG GRUPPEN ASA
Teledyne Technologies Inc.,
Innomar Technologie GmbH,
Edgetech Air Systems Pvt. Ltd.
Sonardyne International Ltd.,
Tritech International Ltd,
Ixblue SAS,
Syqwest Inc.,
Valeport Ltd.,
Xylem Inc.

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