What is the Historical Analysis of the Hydrographic Survey Equipment Market Size?
The hydrographic survey equipment market has seen considerable growth due to a variety of factors.
• In recent times, the hydrographic survey equipment market has seen substantial growth. The market size is projected to increase from $3.07 billion in 2024 to $3.27 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.6%.
This upward trend in the historical period can be associated with factors such as the enhancement of maritime safety, increased maintenance of ports and harbors, a surge in offshore resource exploration, higher environmental monitoring, and accelerated infrastructure development.
What is the Forecasted Growth of the Hydrographic Survey Equipment Market Size?
The hydrographic survey equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for hydrographic survey equipment is anticipated to experience significant expansion in the upcoming years. The market is projected to reach $4.35 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.3%.
Numerous factors contribute to this predicted growth during the forecast period, including climate change and resulting sea-level rise, the expansion of offshore renewable energy, the development of the blue economy, international collaborations, and increasing underwater archaeology. Key trends to watch during the forecast period encompass the use of multi-beam sonar systems, unmanned survey vessels, the integration of lidar technology, real-time data processing, as well as the integration with GIS and remote sensing.
What Are The Key Drivers Fueling Growth In The Hydrographic Survey Equipment Market?
The anticipated growth of the hydrographic survey equipment market is linked to a rise in maritime trade. This form of trade, which relies on ship transportation of goods across the sea, is predicted to boost the demand for hydrographic surveying equipment. Hydrographic surveying, a civil engineering service, identifies the physical characteristics of underwater areas in support of maritime trading activities. For example, data from the Switzerland-based intergovernmental organization, United Nations Conference on Trade and Development, indicates a slowdown in maritime trade growth to 1.4% in 2022. However, there is an expected annual growth rate of 2.1% from 2023 to 2027. As such, the expanding maritime trade is fueling the hydrographic survey equipment market.
What Are The Principal Market Segments In The Global Hydrographic Survey Equipment Industry?
The hydrographic survey equipment market covered in this report is segmented –
1) By Type: Sensing Systems, Positioning Systems, Optical System, Profilers, Software, Other Types
2) By Platform: Surface Vessels, USV And UUV, Aircraft
3) By Depth: Shallow Water, Deep Water
4) By Application: Port And Harbor Management, Offshore Oil And Gas Survey, Cable Or Pipeline Route Survey, Hydrographic Or Bathymetry Survey, Other Applications
5) By End User: Commercial, Research, Defense
Subsegments:
1) By Sensing Systems: Echo Sounders, Multibeam Sonar Systems, Single Beam Sonar Systems
2) By Positioning Systems: GPS Systems, GNSS Receivers, Inertial Navigation Systems
3) By Optical Systems: Underwater Cameras, Laser Scanning Systems
4) By Profilers: Water Quality Profilers, CTD (Conductivity, Temperature, Depth) Profilers
5) By Software: Hydrographic Data Processing Software, GIS Software For Hydrographic Surveys
6) By Other Types: Survey Boats And Platforms, Drones And UAVs For Hydrographic Surveys
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Which Emerging Market Trends Are Altering The Hydrographic Survey Equipment Sector?
The emergence of technological innovations is an essential trend increasingly observed in the hydrographic survey equipment market. Main corporations in this industry are concentrating on inventing new tech-based solutions to fortify their market standing. An example from March 2022, has Kongsberg Maritime, a European company that operates in the hydrographic survey equipment sector, introducing a new accessory to the acoustic modems, the cNODE Mantis. This new addition brings about a novel ability for live video feed streaming for multiple undersea installations. The cNODE Mantis came integrated with a live video technology, beneficial in projects related to undersea installation and for visually overseeing the positioning of structures on the seabed.
Who Are the Key Players in the Hydrographic Survey Equipment Market?
Major companies operating in the hydrographic survey equipment market include:
• Kongsberg Maritime AS
• Sonardyne International Ltd.
• Innomar Technologie GmbH
• Edgetech Air Systems Pvt. Ltd.
• Tritech International Limited
• Teledyne Technologies Incorporated
• iXblue SaS
• SyQwest Inc.
• Valeport Ltd.
• Xylem Inc.
• Raytheon Technologies Corporation
• Fugro N.V.
• Thales Group
• Atlas Electronics Inc.
• Odom Hydrographic Systems Inc.
• Stewart Technology Associates
• H.J. Merrihue GmbH
• Mesco Inc.
• Teg Oceanographic Services Inc.
• Waterway Surveys Inc.
• R2Sonic LLC.
• WASSP Ltd.
• Applied Acoustics International
• ECHO81
• Hemisphere GNSS
• Hydrotechnik Lübeck GmbH
• JFE Advantech Co. Ltd.
• Knudsen Engineering Limited
• L-3 Communications Klein Associates Inc.
What are the Regional Insights into the Hydrographic Survey Equipment Market?
Asia-Pacific was the largest region in the hydrographic survey equipment market in 2024. The regions covered in the hydrographic survey equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
