Hydro Survey Equipment Market by Product expected to jump $2,934.18 Million by 2020

According to a new market research report "Hydro survey Equipment Market by Application (Hydrographic Charting, Offshore Oil and Gas, Coastal Engineering, Port and Harbor Management), by Product (Sonar, GPS/DGPS, Echo sounder, Profiler, Tide gauge) & Region (Africa, The Asia-Pacific, Americas, Europe, The Middle East) - Forecasts & Analysis to 2014 - 2020". The hydrographic equipment market is estimated at $2,496.92 million in 2014 and is expected to register a CAGR of 2.73% to reach $2,934.18 million by 2020.

Browse 57 market data tables, 12 figures spread through 156 pages and in-depth TOC on “Hydro survey Equipment Market”

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The major players in the hydrographic equipment market are from the U.S and Europe namely Kongsberg Maritime AS (Norway), Raytheon Company (U.S.), Teledyne Marine (U.S.), Thales (France), and ATLAS ELECTRONIK Gmbh (Germany).

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This report presents a complete analysis of the global hydrographic equipment market across the forecast period. It analyses the factors driving the market, challenges faced by the industry, factors restraining the growth of the market, and opportunities for industry players. It also provides an understanding of hydrography related contracts implemented, along with the ongoing procurement trends of the sub-segments in this report.

This report describes the market trends, drivers, and challenges of the hydro survey equipment market and forecasts the market from 2014 to 2020, based on the application of the hydro survey equipment and on the region. This report covers geographies such as the Americas, Europe, APAC, Africa, and the Middle East.In the market, hydrographic charting contributes the largest percentage share, followed by offshore oil and gas, coastal engineering, and port and harbor management. In regional analysis, Asia-Pacific is the market leader, followed by Europe, and Americas.

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The commercial ship industry is one of the largest consumers of hydrographic equipment. The shipping industry trends during the forecast period indicate a massive change in the vessel type depending on its size and gross tonnage. Future deliveries of vessels would definitely require the latest hydrographic data pertaining to navigational aids, like nautical charts, vessel traffic management at ports and harbors.

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