(EMAILWIRE.COM, April 25, 2019 ) [196 Pages Report] The hydrographic survey equipment market is projected to grow from USD 2.07 Billion in 2016 to USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022 during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

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The hydrographic survey equipment market is estimated at USD 2.11 Billion in 2017 and is projected to reach USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022. Various factors, such as rising maritime trade, increase in demand for accurate nautical charts, and coastal zone management & development are expected to drive the hydrographic survey equipment market.

Among types, the unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017. Growth in the unmanned vehicles segment is attributed to the increased demand for unmanned vehicles from the commercial sector, owing to their application for deep water exploration and production activities, drilling support and pipeline inspection, and hydrographic surveys.

Among depths, the shallow water segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017. The shallow water basins in North America, Europe, Asia Pacific, and the Middle East are expected to play a key role in driving the hydrographic survey equipment market.

Among applications, the offshore oil & gas survey segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017. Increasing investments in offshore oil & gas exploration activities by emerging economies, such as India, China, South Korea, and Brazil is driving the hydrographic survey equipment market.

Among end users, the commercial segment is projected to be the fastest-growing market during the forecast period in the hydrographic survey equipment market. Increase in dredging operations, pipeline & cable laying, oil & gas exploration, offshore surveys, and drilling activities by commercial companies is expected to drive this segment.

The types of hydrographic survey equipment offered by various companies in the market have been listed in this report. The recent developments section of the report lists the latest and important developments by companies in the hydrographic survey equipment market between 2014 and 2017. The major players in the hydrographic survey equipment market are Kongsberg Maritime (Norway), Teledyne Technologies (US), INNOMAR Technologie GmbH (Germany), Edgetech (US), Sonardyne International (UK), iXblue SaS (France), and SyQwest Inc. (UK), among others. New product launches and contracts accounted for a major share of all the growth strategies adopted by leading players in the hydrographic survey equipment market.

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