Now Available: Hydrographic Survey Equipment Market - Global Forecast to 2021

Hydrographic Survey Equipment Market by Type (Positioning Systems, Acoustic Underwater Systems, Others), Application (Seabed Feature Mapping, Port & Harbour Management, Dredge Operations, Others), Platform and Region - Global Forecast to 2021

According to the projections made in this report, the hydrographic survey equipment market is estimated to grow from USD 2.77 billion in 2016 to USD 3.62 billion by 2021, at a CAGR of 5.43% during the forecast period. Factors driving the hydrographic survey equipment market include rise in maritime commerce, increase in demand for accurate nautical charts, and coastal zone management & development.

"The non-acoustic marine geophysical systems segment is estimated to grow at the highest CAGR during the forecast period"

Rise in exploration of oil, gas, ferrous metals, and other energy resources is the key factor fueling the growth of the non-acoustic marine geophysical systems segment. The marine magnetometer segment is estimated to lead the non-acoustic marine geophysical systems market in 2016, primarily driven by the demand for locating sunken ships, lost anchors, buried pipelines, and other underwater objects containing ferrous metals.

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"Unmanned underwater vehicles & unmanned surface vehicles provide significant opportunities for growth"

The UUV & USV segment is estimated to hold the highest market share in the hydrographic survey market during the forecast period. This growth can be attributed to the increased use of ROV & AUV for carrying out hydrographic surveys, seabed feature mapping, cable/pipeline route survey, dredge operations, offshore oil & gas survey, among others. North America currently holds the largest market share in the hydrographic survey equipment market.

"Asia-Pacific region to offer significant growth opportunities in the hydrographic survey equipment market

The APAC region is estimated to register the highest CAGR rate in the hydrographic survey market during the forecast period. This growth in the region can be attributed to the increase in maritime trade as well as coastal zone management & development.

Break-up of profiles of primary participants for the report has been given below.

* By Company Type - Tier 1- 45%, Tier 2 -35%, Tier-3 -20%
* By Designation- C Level- 50%, D level - 35%, Others - 15%
* By Region - North America - 44%, Europe - 35%, APAC - 15%, RoW - 6%

Hydrographic survey equipment have evolved over the course of time in terms of technology. Synthetic aperture sonar, tidal constituent & residual interpolation, conductivity temperature depth as well as the MEMS-based inertial systems for hydrography are some of the new technologies that are being used to carry out hydrographic surveys.

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