Press Release


Hydrographic Survey Market Forecast to 2027 – COVID-19 Impact and Global Analysis by The Insight Partners

May 19th, 2022 1:20 PM

The Hydrographic Survey Market was valued at US$ 97.19 million in 2019 and is projected to reach US$ 155.91 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.

The Hydrographic Survey Market is segmented on the basis of component, end user, and geography. Based on component, the market is bifurcated into software and services. In terms of end user, the market is bifurcated into marine and oil & gas. By geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest market share. However, APAC is estimated to register the highest CAGR during 2020–2027. Despite the positive growth outlook, the ongoing COVID-19 pandemic is hindering the global economy, and its limiting effect is likely to restrain business activities and revenues of the hydrographic survey industry players across the world.


Maritime commerce and transport is a key to global trade and globalization; moreover, it is essential for ensuring national security. The movement of passengers and cargo demand an efficient marine transportation 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 Environmental Protection Agency (EPA) regulate marine commerce and transportation. These government agencies are responsible for national security, marine safety, vessel traffic management, waterway maintenance, and environmental protection. As per United Nations Conference on Trade and Development (UNCTAD), the global maritime commerce is expected to increase at an average annual growth rate of 3.5% during 2019–2024 (the forecast period specified in the report), and the projected growth would be mainly driven by an increase in containerized, dry bulk, and gas cargoes.

Key Players Influencing the Market

  • BeamworX BV
  • Eye4Software B.V.
  • HYPACK / Xylem Inc.
  • IIC Technologies
  • Norcom Technology Limited
  • Teledyne Marine (Teledyne Technologies Incorporated)
  • Triton Imaging, Inc.
  • OceanWise Limited
  • Moga Software s.r.l.
  • Quality Positioning Services B.V. (QPS)
  • Esri


Commercial shipping is crucial for the global and domestic coastal trade of any country. Ships transporting dry and liquid bulk goods, containers, and passengers need efficient and safe shipping lanes and ocean routes as well as suitable port facilities and infrastructure. The ocean planning activities must ensure that the allotment of ocean space to other activities is compatible with safe maritime commerce and transport. Numerous coastal nations worldwide are heavily investing in hydrographic surveys to have properly charted waters that can aid a rising need for maritime commerce and transportation. Optimized charts enable faster transits of ships with deeper drafts, allowing the movement of huge goods through navigational chokepoints and ports. Precise hydrographic software and services are vital for ensuring the navigation safety as well as supporting and boosting safe maritime commerce and transport, which would contribute to the constant sustainable growth of the global economy, thereby escalating the demand for hydrographic survey software and services.

According to the latest situation report from World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Spain, Italy, Germany, Argentina, Mexico, and South Africa are among the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis disrupted industries worldwide, and the global economy was adversely affected in 2020. The US is a prominent market for the hydrographic survey for oil & gas and marine sectors. The factory and business shutdowns across the world have negatively impacted the adoption of the Hydrographic Survey Market. Factors such as shortage of human resources and the practical difficulties in many social distancing cases hindered oil & gas activities globally, which leads to a halt in various ongoing projects. Thus, it also negatively impacted the integration of Hydrographic Survey Market.

Get Sample Copy of this Report @

Answers that the report acknowledges:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

533, 5th Floor, Amanora Chambers,

Amanora Township, East Block,

Kharadi Road, Hadapsar, Pune-411028

Call: +1-646-491-9876


Press Release

  • Recent
  • Popular
  • Comments
  • Turbocharger Market Industry Overview, Driving Factors & Carbon Footprint | Vantage Market Research

    Learn More
  • Global Sound Bar Market Size 2022 Scope, Size and Forecast to 2028 | Vantage Market Research

    Learn More
  • Global Smart Lighting Control Systems Market Size 2022 Global Trend, Segmentation and Opportunities, Forecast 2028 | Vantage Market Research

    Learn More
  • Global Cybersecurity Insurance Market Size 2022 Industry Research, Share, Trend, Price, Future Analysis to 2028 | Vantage Market Research

    Learn More
  • Room Dividers and Partition Panels Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 to 2030

    Learn More
  • Double Door Fridge Market End-users, Driver, Segmentation And Key Insights Based on Regional Demand till 2028

    Learn More
  • Microtiter Plates Market: Drivers, Revenue, Application Industry Demand Analysis 2028

    Learn More
  • Travel And Expense Management Software Market May see Big Move and Its Key Players

    Learn More