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Asia Pacific Hydrographic Survey Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software and Services) and End User (Marine and Oil & Gas)

Code: TIPRE00021042 | Pages: 95 | Industry: Technology, Media and Telecommunications | Date: Apr 2021
Covid

Market Introduction

APAC comprises several developing and developed economies, such as China, India, Japan, South Korea, and Australia. APAC is the largest region globally and is well-known for technological innovations taking place in aforesaid countries. Rapid developments owing to technological advancements, initiatives from governments, digitalization of economies, and rise in disposable income of the middle-income class group are among the factors propelling the region's overall economy, driving it from a developing to a developed phase. APAC is anticipated to register the fastest CAGR in the global hydrographic survey market during the forecast period. There is an immense growth in the oil & gas and marine industries in the region due to rising government initiatives to develop port and offshore oil & gas infrastructure. The region is highly inclined toward conducting hydrographic surveys for efficient maritime commerce and the safety of vessels. In December 2019, the Indian Naval Ship (INS) Darshak did a hydrographic survey offshore Mauritius. The ship performed the hydrographic surveys under a Memorandum of Understanding between India and Mauritius. The survey information in the southern part of Mauritius was given to the Minister of Housing and Land Use Planning by the High Commissioner of India to Mauritius. The data allows stakeholders and policy makers to make better decisions regarding maritime security, the potential use of maritime resources, and coastal developments. Rising demand for energy & power projects and advancements in hydrographic survey software and services are the major factor driving the growth of the APAC hydrographic survey market.

Furthermore, in case of COVID-19, APAC is highly affected specially India. The APAC is characterized by a large number of developing countries, a positive economic outlook, high industrial presence, huge population, strong investments in industrial infrastructure, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including hydrographic survey. The growing spending in marine, and oil & gas industries by the government in this region presents a huge opportunity for the growth of the global hydrographic survey market. The ongoing COVID-19 caused huge disruptions in the growth of various industries in the region. Due to lockdown, various plants and factories in China affects the global supply chains and negatively impacts sales of various products. In APAC, the governments of various countries have taken drastic measures to reduce coronavirus outbreak effects by announcing lockdowns, travel, and trade bans. The shutdown of various plants and halts in offshore projects disrupted various major projects in the region. All these measures affected the adoption and growth of hydrographic survey in 2020 and likely to affect till Mid-2021.

Market Overview and Dynamics

The APAC hydrographic survey market is expected to grow from US$ 14.97 million in 2019 to US$ 25.13 million by 2027; it is estimated to grow at a CAGR of 6.8 % from 2020 to 2027. Burgeoning number of offshore oil & gas projects is expected to escalate the APAC hydrographic survey market. Offshore projects play an important role in oil & gas production. They also contribute significantly to upsurge the economic activity and employment. The operations of offshore projects are complex, and contractors, engineers, equipment suppliers, and software and service providers play important role in their establishment and project commencement. The growth of the oil & gas industry drives the adoption of the hydrographic surveys to its peak. To attain the high levels of offshore oil and gas activities, various potential countries are heavily investing in this sector. As per the Indian Brand Equity Foundation (IBEF), the oil & gas industry in India is expected to witness an investment of US$ 206 billion in the coming years. Several major oil & gas firms across APAC region are highly adopting hydrographic survey tools to conduct various surveys. For instance, in September 2020, in India, Oil and Natural Gas Corporation Limited (ONGC) awarded a 3-year contract to Fugro to offer integrated survey services, which comprises pipeline route engineering and rig site surveys with multibeam bathymetric, magnetometry, and 2D ultrahigh resolution (UHR) shallow seismic profiling, together with rig positioning, and current profile measurements. Its Fugro Mapper solution performs the surveys in water depths of ~100 m. The data obtained from the ONGC surveys, with the seabed and sub-seabed insights, helps them design key offshore infrastructure. These projects are expected to escalate the APAC hydrographic survey market.

Key Market Segments

In terms of component, the software segment accounted for the largest share of the APAC hydrographic survey market in 2019. In terms of end user, the oil & gas segment held a larger market share of the APAC hydrographic survey market in 2019.    

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC hydrographic survey market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Esri, HYPACK / Xylem Inc., IIC Technologies, OceanWise Limited, Quality Positioning Services B.V. (QPS), Teledyne Marine (Teledyne Technologies Incorporated).

Reasons to buy report

  • To understand the APAC hydrographic survey market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC hydrographic survey market
  • Efficiently plan M&A and partnership deals in APAC hydrographic survey market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC hydrographic survey market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

 APAC Hydrographic Survey Market Segmentation

APAC Hydrographic Survey Market - By Component

  • Software
  • Services

APAC Hydrographic Survey Market - By End User

  • Marine
  • Oil & Gas

APAC Hydrographic Survey Market - By Country

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC 

     

APAC Hydrographic Survey Market - Company Profiles

  • Esri
  • HYPACK / Xylem Inc.
  • IIC Technologies
  • OceanWise Limited    
  • Quality Positioning Services B.V. (QPS)
  • Teledyne Marine (Teledyne Technologies Incorporated) 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             APAC Hydrographic Survey Market Landscape

4.1       Market Overview

4.2       APAC PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             APAC Hydrographic Survey Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Burgeoning Number of Offshore Oil & Gas Projects

5.1.2        Mounting Maritime Commerce and Transport

5.2       Market Restraints

5.2.1        Insufficient Awareness in Underdeveloped Countries

5.3       Market Opportunities

5.3.1        Rising Demand for Energy & Power Projects

5.4       Future Trends

5.4.1        Advancements in Hydrographic Survey Software and Services

5.5       Impact Analysis of Drivers and Restraints

6.             Hydrographic Survey Market – APAC Analysis

6.1       APAC Hydrographic Survey Market Overview

6.2       APAC Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

7.             APAC Hydrographic Survey Market Analysis – By Component

7.1       Overview

7.2       APAC Hydrographic Survey Market, By Component (2019 and 2027)

7.3       Software

7.3.1        Overview

7.3.2        Software: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Services

7.4.1        Overview

7.4.2        Services: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

8.             APAC Hydrographic Survey Market Analysis –By End User

8.1       Overview

8.2       APAC Hydrographic Survey Market Breakdown, by End User, 2019 & 2027

8.3       Marine

8.3.1        Overview

8.3.2        Marine Market Revenue and Forecast to 2027 (US$ Million)

8.4       Oil & Gas

8.4.1        Overview

8.4.2        Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)

9.             APAC Hydrographic Survey Market – Country Analysis

9.1       Overview

9.1.1        APAC: Hydrographic Survey Market, by Key Country

9.1.1.1      Australia: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1       Australia: Hydrographic Survey Market, by Component

9.1.1.1.2       Australia: Hydrographic Survey Market, by End User

9.1.1.2      China: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1       China: Hydrographic Survey Market, by Component

9.1.1.2.2       China: Hydrographic Survey Market, by End User

9.1.1.3      India: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1       India: Hydrographic Survey Market, by Component

9.1.1.3.2       India: Hydrographic Survey Market, by End User

9.1.1.4      Japan: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1       Japan: Hydrographic Survey Market, by Component

9.1.1.4.2       Japan: Hydrographic Survey Market, by End User

9.1.1.5      South Korea: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1       South Korea: Hydrographic Survey Market, by Component

9.1.1.5.2       South Korea: Hydrographic Survey Market, by End User

9.1.1.6      Rest of APAC: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1       Rest of APAC: Hydrographic Survey Market, by Component

9.1.1.6.2       Rest of APAC: Hydrographic Survey Market, by End User

10.          APAC Hydrographic Survey Market- COVID-19 Impact Analysis

10.1    APAC: Impact assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    New Product Development

12.          COMPANY PROFILES

12.1    HYPACK / Xylem Inc.

12.1.1     Key Facts

12.1.2     Business 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     Business 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     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    OceanWise Limited

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Quality Positioning Services B.V. (QPS)

12.5.1     Key Facts

12.5.2     Business 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     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             APAC Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Australia: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 7.             India: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Japan: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 10.          South Korea: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 11.          South Korea: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of APAC: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Hydrographic Survey Market Segmentation

Figure 2.           APAC Hydrographic Survey Market Segmentation – By Country

Figure 3.           APAC Hydrographic Survey Market Overview

Figure 4.           Software Segment is Expected to Dominate the Market by Component

Figure 5.           Oil & Gas segment Held Largest Market Share in 2019

Figure 6.           China Held Largest Market Share in 2019

Figure 7.           APAC – PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           APAC Hydrographic Survey Market: Impact Analysis of Drivers and Restraints

Figure 10.        APAC Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        APAC Hydrographic Survey Market Revenue Share, by Component (2019 and 2027)

Figure 12.        APAC Software: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        APAC Services: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Hydrographic Survey Market Breakdown, by End User (2019 and 2027)

Figure 15.        APAC Marine Market Revenue and Forecast to 2027(US$ Million)

Figure 16.        APAC Oil & Gas Market Revenue and Forecast to 2027(US$ Million)

Figure 17.        APAC: Hydrographic Survey Market, by Key Country – Revenue (2019) (USD Million)

Figure 18.        APAC: Hydrographic Survey Market Revenue Share, by Key Country (2019 and 2027)

Figure 19.        Australia: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        China: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        India: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Japan: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        South Korea: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Rest of APAC: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. Esri
  2. HYPACK / Xylem Inc.
  3. IIC Technologies
  4. OceanWise Limited
  5. Quality Positioning Services B.V. (QPS)
  6. Teledyne Marine (Teledyne Technologies Incorporated)
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC hydrographic survey market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC hydrographic survey market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the hydrographic survey market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution          

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