Global Hydrographic Equipment Market Research Report

The global hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries. Prominent companies operating in the hydrographic equipment market are Kongsberg Maritime AS, Fugro, Raytheon, Thales, Teledyne Reson A/S, Atlas Elektronik GmbH, Ohmex, Seafloor systems Inc., IIC technologies, and Teledyne Odom Hydrographic,  Inc. The market is segmented into sonar, GPS/DGPS, echosounder, profiler, and tide gauges by product type. The types of application are hydrographic charting, offshore oil and gas, coastal engineering, and port and harbor management.

The increase in global seaborne trade is a major driving factor of this market. The commercial ship industry is the largest consumer of hydrographic equipment. This market is an evolving market and will look for more advanced equipment in the forecast period. It is anticipated that the growth rate of world seaborne trade is estimated at 3.1 per cent and is expected to expect to increase by 44 per cent by 2020. Accurate and up-to-date hydrographic services such as nautical charts and notice to mariners are paramount for navigation safety. The driving factors of this market are dependence of international trade on sea routes. The high number of seaports indicates increased vessel traffic which demands better navigational information. 

MicroMarketMonitor reports on the hydrographic equipment market provide an in-depth analyis of this market specific to different geographies. They also elaborate upon the market share and trends in every region.