Asia-Pacific Hydrographic Equipment Market is Expected to Reach $1332.12 million in 2019 - New Report by MicroMarket Monitor
(PRWEB) August 24, 2014 -- The Asia-Pacific hydrographic equipment market is estimated at $1071.64 million in 2014, and is expected to reach $1332.12 million by 2019. Asia-Pacific is expected to be fastest-growing region in this market at a CAGR of 3.69%.
Browse through the TOC of the Asia-Pacific Hydrographic Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/asia-pacific-hydrographic-equipment-3916870192.html
The hydrographic equipment market offers an exclusive range of opportunities in the years to come. In 2012, the commercial ship industry saw the largest shipbuilding change in its history. The world merchant fleet has more than doubled since 2001 in terms of gross tonnage. Developments in the world economy and changes in trade growth and patterns are shaping the demand for enhanced maritime activity, which in turn are increasing the demands for navigational aids such as nautical charts and vessel traffic management at ports and harbors.
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The growth rate of world seaborne trade is estimated at 3.1 per cent and is expected to increase by 44 per cent by 2020. The provision of hydrographic services has been a fundamental enabler and an important boost to many aspects of economic development. Investment in the hydrographic equipment market is certainly going to provide good opportunities because properly charted waters support an ever-growing need for maritime commerce.
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The major challenge in this industry is that its growth is limited to a few economies such as Singapore, Thailand, Malaysia, and China. The driving factor of this market is the demand for up-to-date hydrographic information for mariners as the APAC region holds the world’s largest merchant fleet.
This report includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in this market.
Related Reports:
North America Hydrographic Equipment Market
This report provides an in-depth analysis of the North American hydrographic equipment market for the next seven years. It also provides an insight into the regional trends to analyze the market share. The North American hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries. Companies operating in the hydrographic equipment market in this region 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 covered in this report are hydrographic charting, offshore oil and gas, coastal engineering, and port and harbor management.
The increase in global seaborne trade is growing to drive this market. Commercial ship industry is the largest consumer of hydrographic equipments. This market is a mature market for hydrographic equipment and will look for more advanced equipment in the forecast period. It is anticipated that growth rate of world seaborne trade is estimated at 3.1 per cent and is expected 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
http://www.micromarketmonitor.com/market/north-america-hydrographic-equipment-6227951530.html
Europe Hydrographic Equipment Market
This report provides an in-depth analysis of the Europe hydrographic equipment market for the next seven years. It also provides an insight into the regional trends to analyze the market share. The Europe hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries. Companies operating in the hydrographic equipment market in this region 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 covered in this report are hydrographic charting, offshore oil and gas, coastal engineering, and port and harbor management.
The increase in global seaborne trade is growing to drive this market. Commercial ship industry is the largest consumer of hydrographic equipment. It is anticipated that growth rate of world seaborne trade is estimated at 3.1 per cent and is expected 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 major challenge for this region is that shipping industry is facing a downturn. 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. This region is a major hub for research and development in ocean; also countries such as Norway, Denmark and France are focusing on exploring their own oil reserves in ocean rather than depending on OPEC.
Latin America Hydrographic Equipment Market
This report provides an in-depth analysis of the Latin America hydrographic equipment market for the next seven years. It also provides an insight into the regional trends to analyze the market share.
The Latin America hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries. Companies operating in the hydrographic equipment market in this region 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 covered in this report are hydrographic charting, offshore oil and gas, coastal engineering and port and harbor management.
The increase in global seaborne trade is growing to drive this market. Commercial ship industry is the largest consumer of hydrographic equipment. It is anticipated that growth rate of world seaborne trade is estimated at 3.1 per cent and is expected 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 major challenges in this industry are government regulations such as heavy customs law. The economic growth in the Latin American countries has led to the increase in the international trade in this region.
http://www.micromarketmonitor.com/market/south-america-hydrographic-equipment-3375134111.html
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