Hydrographic Equipment Market worth $2,934.18 Million by 2020

Monday 12 May 2014, Amsterdam

According to new market research report "Hydrographic Equipment Market by Application (Hydrographic charting, Offshore oil and gas, Coastal engineering, Port and harbor management), by product (Sonar, GPS/DGPS, Echosounder, Profiler, Tide gauge), & by Region (Africa, The Asia-Pacific, Americas, Europe, The Middle East) - Forecasts & Analysis to 2014 - 2020." The global hydrographic equipment market is estimated to register a market size of $2,934.18 million by 2020.

The global hydrographic equipment market has been segmented by application, by product, by region, and by country. This report provides a market analysis of the global hydrographic equipment market over the next six years. It gives an in-depth analysis of various market dynamics such as drivers, restraints, and opportunities. Along with the market dynamics, the report also gives an insight into market parameters such as market share analysis and competitive landscape.

The report provides a market size of the global hydrographic equipment market over the next six years, and talks about the market share by different sub-sectors for each region. It talks of the leading competitors in the global hydrographic equipment market. Apart from a general overview of the companies, it also provides details on their financial positions, key products, SWOT analysis, and key developments. The key developments include mergers, acquisitions, new product developments, collaborations, joint ventures, and partnerships by the market players.

Increase in the fuel prices leading to exploration of offshore oil and gas reserves and rising demand for up to date nautical charts by the seafarers worldwide will drive this market in the future.

The Asia-Pacific region will observe tremendous rise in the hydrographic equipment market followed by Europe due to increased hydrographic activity. This activity includes applications such as hydrographic charting and offshore oil and gas exploration. Potential future markets include most of the major emerging countries such as Singapore, U.K, The Netherlands, Denmark, Brazil, and Russia.

The hydrographic charting sector will have the highest CAGR worldwide, and will account for 70% of the market size during the forecast period.