Global Hydrographic Survey Equipment Market: Overview
The process that is used to record bodily features of coastal areas, oceans, rivers, seas and lakes is known as hydrographic survey and equipment that are mandatory to do such survey are hydrographic survey equipment. The aim of this survey is to make sure maritime navigation safety. However, hydrographic surveys sometimes are used interchangeably to maritime cartography but maritime cartography is the final stage and converts raw data in hydrographic surveys to take out some useful information. Based on rules, the importance of hydrographic surveys varies according to the accepting authority. This survey measures depth and analyzes the distance between survey boats from the coast.
Global Hydrographic Survey Equipment Market: Growth Factors
Offshore industries such as oil & gas encourage the development of the global hydrographic survey equipment market. Some other factors responsible for the market growth are the development of offshore marine infrastructure fields such as bridges, effluent disposal systems, and ports for various industries and coastal thermal power plants where it uses seawater as a coolant. Advanced techniques, modularization, and standardization in the construction, defense sectors, aerospace and offshore oil and gas exploration are preferred choice for engineers. These techniques will lead to complete work on time and lower costs; this is the primary reason driving the global hydrographic survey equipment market growth.
Global Hydrographic Survey Equipment Market: Segmentation
The global hydrographic survey equipment market is categorized based on application as charting application, seabed feature mapping, offshore oil & gas survey, hydrographic survey, pipeline route survey, port & harbor management, and dredge operations. Of these, pipeline route survey is the largest application segment across the world. It is in high demand from telecommunication, oil & gas, and energy & power industries. Hydrographic survey accurately examines the topography of seafloor and identifies anchoring zones and optimum routes. Based on end-user, the global market is divided as land survey equipment and hydrographic survey equipment. Moreover, the global hydrographic survey equipment market is fragmented based on type as positioning systems, scanners, acoustic underwater systems, GNSS/GPS, detection & safety, and others. Of these, acoustic underwater systems segment is leading globally and is expected to continuous this growth in the near future owing to generated need for accurate nautical charts. Additionally, increasing trade activities in developing economies may boost the demand for acoustic underwater systems segment.
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Global Hydrographic Survey Equipment Market: Regional Analysis
Asia Pacific is the leading region for hydrographic survey equipment globally. In addition, growth in the maritime trade in developing economies such as India and China also enhance the global hydrographic survey equipment market growth. Development and management of the coastal zone influence the global market is a positive way. Pipeline route survey application is majorly used in North America and Europe due to the developed oil and gas exploration in these regions.
Global Hydrographic Survey Equipment Market: Competitive Players
Major players in the global hydrographic survey equipment market are Trimble Navigation Limited, Nikon-Trimble Co., Ltd., Faro Technologies, Inc., Atlas Electronik GmbH, Thales Group, and Hexagon AB. Other players influencing the global market are Teledyne Technologies, Inc., Topcon Corporation, Seco, Kongberg Gruppen ASA, and Raytheon Company.