North America Hydrographic Equipment Market is Expected to Reach $452.20 Million in 2020 - New Report by MicroMarket Monitor

The North American hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries. http://www.micromarketmonitor.com/market/north-america-hydrographic-equipment-6227951530.html

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Key players in the North America Hydrographic Equipment Market are Kongsberg Maritime AS, Fugro, Raytheon, Thales , Teledyne Reson A/S, Atlas Elektronik Gmbh, Ohmex & others.

(PRWEB) September 02, 2014

The North America hydrographic equipment market is estimated at $417.21 million in 2014, and it is expected to reach $452.20 million by 2020. North America is expected to grow in hydrographic equipment market at a CAGR of 1.35%.

Browse through the TOC of the North America hydrographic market report to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America hydrographic equipment market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/north-america-hydrographic-equipment-6227951530.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 maritime activity, which in turn has raised the demand for navigational aids such as nautical charts, 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 hydrographic equipment market is certainly going to be a good opportunity, considering the ever growing need of charted water supports for maritime commerce.

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The major challenge in this industry is that the market has reached a stage of maturity in this region. The driving factors in this market are international trade on sea routes. The high number of seaports indicates increasing vessel traffic which demands for better navigational information.

This report also 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:

Europe Hydrographic Equipment Market
The increase in global seaborne trade is growing to drive this market. The commercial ship industry is the largest consumer of hydrographic equipment. It is anticipated that 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. 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.
http://www.micromarketmonitor.com/market/europe-hydrographic-equipment-8642078503.html

Asia-Pacific Hydrographic Equipment Market
This report provides an in-depth analysis of the APAC hydrographic equipment market for the next seven years. It also provides an insight into the regional trends to analyze the market share.

The APAC hydrographic equipment market is segmented on the basis of products, applications, geographies, and countries.

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.
http://www.micromarketmonitor.com/market/asia-pacific-hydrographic-equipment-3916870192.html

Latin America Hydrographic Equipment Market
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. Majority of the international trade is carried out by sea routes. Increase in offshore oil and gas activity for exploration of new oil reserves will be the major driving factor for this market in the region.

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.
http://www.micromarketmonitor.com/market/south-america-hydrographic-equipment-3375134111.html

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