North American Hydrographic Survey Industry to 2027 –



Dublin, July 01, 2021 (GLOBE NEWSWIRE) – The “North America Hydrographic Surveying Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by Component and End User” the report was added to ResearchAndMarkets.com offer.

North America Hydrographic Surveying Market is expected to grow from US $ 35.90 million in 2019 to US $ 56.55 million by 2027; it is estimated to increase at a CAGR of 6.0% from 2020 to 2027.

The increase in trade and shipping is accelerating the growth of the market. Trade and maritime transport are a key to trade and globalization; moreover, it is essential to ensure national security. The movement of passengers and goods requires an efficient maritime transport system. Government agencies, such as the US Army Corps of Engineers, NOAA, US Department of Transportation (DOT), US Coast Guard, US Customs and Border Protection, and the Environmental Protection Agency (EPA) regulate trade and maritime transport. These government agencies are responsible for national security, maritime safety, maritime traffic management, maintenance of waterways and environmental protection. Commercial shipping is crucial for the regional and national coastal trade of any country. Ships carrying dry and liquid bulk cargo, containers and passengers need efficient and safe shipping lanes and shipping routes, as well as suitable port facilities and infrastructure.

Ocean planning activities must ensure that the allocation of ocean space to other activities is compatible with safe maritime trade and transport. North America is investing heavily in hydrographic surveys to have properly mapped waters that can meet a growing need for maritime commerce and transportation. Optimized maps allow faster transits of ships with deeper drafts, allowing the movement of huge cargo through choke points and shipping ports. Accurate hydrographic software and services are essential to ensure the safety of navigation as well as to support and stimulate safe maritime trade and transportation, which would contribute to the continued and sustainable growth of the North American economy, thereby increasing the demand for hydrographic survey software and services. driving force behind the North American market.

Countries in North America, especially the United States, are badly affected due to the COVID-19 outbreak. North America is one of the most important regions for the adoption and development of new digital technologies due to favorable government policies to spur innovation, a huge industrial base, and strong entrepreneurial power. high purchase, especially in developed countries like the United States and Canada. Therefore, any negative impact on the growth of industries negatively affects the economic growth of the region. Currently, the United States is the worst affected country in the world due to the COVID-19 outbreak. The country is a leading market for hydrographic surveys in the oil and gas and marine sectors. Plant and business closures in the United States, Canada and Mexico impact the uptake of hydrographic survey services or software. Labor shortages and practical difficulties due to social distancing have hampered oil and gas activities in the United States, resulting in the shutdown of various ongoing projects. It also had an impact on the integration of hydrographic survey software. The current COVID-19 crisis and the critical situation in the United States are said to hamper the growth of the hydrographic survey market in North America in the coming months.

On the basis of components, the software segment dominated the hydrographic survey market in North America in 2019. Hydrographic survey software products help to process hydrographic data, and the processed data is used for the creation of hydrographic maps, target detection, analysis and comparison of new and old surveys, and soon. The introduction of tailor-made software has made it possible to fully automate these surveys. Hydrographic survey software products are used in industries such as engineering, dredging, construction, environment and fisheries. Growing technological innovations and increasing demand for oil and gas exploration are important factors driving the growth of the software segment market. For example, HYPACK / Xylem Inc. offers hydrographic survey software for planning and conducting surveys. The software assists in the collection and processing of data by providing navigation and dredging support and offers reports for performance and data statistics. The benefits of software such as fast data processing, customization, and ease of use are driving its demand thus driving the growth of the hydrographic survey market in North America.

Main topics covered:

1. Introduction

2. Key points to remember

3. Research methodology

4. North America Hydrographic Survey Market Landscape
4.1 Market overview
4.2 PEST analysis in North America
4.3 Ecosystem analysis
4.4 Expert opinion

5. North America Hydrographic Surveying Market – Key Market Dynamics
5.1 Market drivers
5.1.1 Growth in the number of offshore oil and gas projects
5.1.2 Increase maritime trade and transport
5.2 Market restrictions
5.2.1 Less awareness in several countries
5.3 Market opportunities
5.3.1 Growing demand for energy and electricity projects
5.4 Future trends
5.4.1 Technological improvement of hydrographic survey software and services
5.5 Impact analysis of conductors and stresses

6. Hydrographic Surveying Market – North America Analysis
6.1 North America Hydrographic Surveying Market Overview
6.2 North America Hydrographic Surveying Market Revenue and Forecast to 2027 (Million USD)

7. North America Hydrographic Surveying Market – By Component
7.1 Overview
7.2 North America Hydrographic Surveying Market, by Component (2019 and 2027)
7.3 Software
7.3.1 Overview
7.3.2 Software: Hydrographic Surveying Market – Revenue and Forecast to 2027 (Million USD)
7.4 Services
7.4.1 Overview
7.4.2 Services: Hydrographic Surveying Market – Revenue and Forecast to 2027 (Million USD)

8. North America Hydrographic Surveying Market Analysis – By End User
8.1 Overview
8.2 North America Hydrographic Surveying Market Split, by End User, 2019 and 2027
8.3 Maritime
8.3.1 Overview
8.3.2 Marine Market Revenue and Forecast to 2027 (Million USD)
8.4 Oil and gas
8.4.1 Overview
8.4.2 Oil & Gas Market Revenue and Forecast to 2027 (Million US $)

9. North America Hydrographic Surveying Market – Country Analysis
9.1 Overview
9.1.1 North America Hydrographic Survey Market, by Key Country
9.1.1.1 United States Hydrographic Surveying Market Revenue and Forecast to 2027 (USD Million)
9.1.1.1.1 United States Hydrographic Survey Market, by Component
9.1.1.1.2 United States Hydrographic Survey Market, By End User
9.1.1.2 Canada Hydrographic Surveying Market Revenue and Forecast to 2027 (Million US $)
9.1.1.2.1 Canada: Hydrographic Surveying Market, by Component
9.1.1.2.2 Canada Hydrographic Survey Market, By End User
9.1.1.3 Mexico Hydrographic Surveying Market Revenue and Forecast to 2027 (Million USD)
9.1.1.3.1 Mexico: Hydrographic Surveying Market, by Component
9.1.1.3.2 Mexico Hydrographic Survey Market, by End User

10. North America Hydrographic Surveying Market – COVID-19 Impact Analysis
10.1 North America: Assessing the Impact of the COVID-19 Pandemic

11. Industry landscape
11.1 Overview
11.2 Market initiative
11.3 Development of new products

12. COMPANY PROFILES
12.1 HYPACK / Xylem Inc.
12.1.1 Key facts
12.1.2 Company description
12.1.3 Products and services
12.1.4 Financial overview
12.1.5 SWOT Analysis
12.1.6 Key developments
12.2 IIC Technologies
12.2.1 Key facts
12.2.2 Company description
12.2.3 Products and services
12.2.4 Financial overview
12.2.5 SWOT Analysis
12.2.6 Key developments
12.3 Teledyne Marine (Teledyne Technologies Incorporated)
12.3.1 Key facts
12.3.2 Company description
12.3.3 Products and services
12.3.4 Financial overview
12.3.5 SWOT Analysis
12.3.6 Key developments
12.4 Triton Imaging, Inc.
12.4.1 Key facts
12.4.2 Company description
12.4.3 Products and services
12.4.4 Financial overview
12.4.5 SWOT Analysis
12.4.6 Key developments
12.5 BV Quality Positioning Services (QPS)
12.5.1 Key facts
12.5.2 Company description
12.5.3 Products and services
12.5.4 Financial overview
12.5.5 SWOT Analysis
12.5.6 Key developments
12.6 Esri
12.6.1 Key facts
12.6.2 Company description
12.6.3 Products and services
12.6.4 Financial overview
12.6.5 SWOT Analysis
12.6.6 Key developments

13. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/b1pgvg


        



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