PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269745
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269745
Global Hydrographic Survey Equipment Market is valued at approximately USD 3.28 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.73% over the forecast period 2022-2029. Hydrographic survey equipment is used to collect and analyze data about the physical features of bodies of water, such as oceans, lakes, and rivers. The Hydrographic Survey Equipment market is expanding because of factors such as growing Maritime Trade and increased adoption of the autonomous underwater vehicle.
The equipment is critical for producing accurate navigational charts, identifying potential hazards to navigation, and assessing the impact of human activities on the marine environment. Its prevalence has progressively increased during the last few decades. According to Statista, in 2021, the volume of global seaborne trade was estimated to be around 11 billion tons. Furthermore, Of the around 58,000 merchant ships trading internationally, some 17,800 ships were Ro-Ro/general cargo ships as of January 1, 2022. General cargo ships thus accounted for nearly 31 per cent of the world's merchant fleet. Another important component driving space is the increasing adoption of the autonomous underwater vehicle. According to an autonomous vehicle market forecast by Next Move Strategy Consulting, the global autonomous vehicle market reached nearly the size of 106 billion U.S. dollars in 2021. It is projected that in 2030, the market will reach the size of over 2.3 trillion U.S. dollars. In addition, it is expected that the global UUV market will be sized at around four billion U.S. dollars by 2021. Also, rising technological Advancements in the marine industry and a rising number of Offshore Renewable Wind Energy Projects would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Hydrographic Survey Equipment stifles market growth throughout the forecast period of 2022-2029.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable