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.
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.
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.
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.
- Atlas Electronik GmbH
- Kongberg Gruppen Asa
- Ohmex Ltd
- Raytheon Company
- Seafloor Systems Inc.
- Teledyne Technologies, Inc.
- Thales Group
- Valeport Ltd
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Hydrographic Survey Equipment Market, By Application
8 Hydrographic Survey Equipment Market, By Type
9 Hydrographic Survey Equipment Market, By Platform
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/wnkdxc/hydrographic
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hydrographic-survey-equipment-market-worth-usd-362-billion-by-2021---increase-in-demand-for-accurate-nautical-charts----research-and-markets-300293635.html
SOURCE Research and Markets