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Europe 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: TIPRE00021043 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Apr 2021
Covid

Market Introduction

Germany, France, the UK, and Italy are among the prime contributors to the European hydrographic survey market. The market in the region is propelled by rising marine projects, which demand hydrographic surveys for the safety of the ecosystem and boaters. For instance, the Ireland, Northern Ireland, and Scotland hydrographic survey project was designed after the Maritime and Coastguard Agency (MCA) identified the priority areas drawn from the increased shipping, marine conservation zones, and marine renewables. The MCA led the project—along with the partners in the Marine Institute Galway, Northern Lighthouse Board, the Geological Survey of Ireland, and Agri-Food and Biosciences Institute—and the information was provided to the UK Hydrographic Office. Several government agencies in the region carried out hydrographic surveys for ports and harbors, exploration, and other activities. For instance, the Danish Geodata Agency—a Danish state-owned central agency responsible for surveying—conducts hydrographic surveys and charting in Denmark. It creates nautical charts of the waters nearby Denmark, the Faroe Islands, and Greenland. The survey is carried out with personnel and ships from the Royal Danish Navy. Growing maritime commerce and transport and increase in the number of offshore oil & gas projects are the major factor driving the growth of the Europe hydrographic survey market.

Furthermore, due to the COVID-19 outbreak, Russia, UK, France, Spain, Italy, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had either to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region witnessed an economic slowdown in 2020 and most likely to witness till Mid-2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit coronavirus spread among its citizens. European countries represent a major market for hydrographic survey due to increasing adoption and growth in marine safety and flourishing oil & gas industry. However, due to COVID-19, the major offshore projects that demand hydrographic surveys to perform analysis on water depth and other activities have seen a sharp decline in European countries due to halt in projects. These factors are expected to have a direct impact on hydrographic survey market growth in European countries. Russia, Italy, Germany, UK, and France hydrographic survey markets are anticipated to see the worst impact till Mid-2021.

Market Overview and Dynamics

The Europe hydrographic survey market is expected to grow from US$ 26.01 million in 2019 to US$ 42.03 million by 2027; it is estimated to grow at a CAGR of 6.3 % from 2020 to 2027. Technical developments in hydrographic survey software and services is expected to accelerate the Europe hydrographic survey market. Hydrographers play a key role in identifying the ocean environment and the production of nautical charts for navigation safety. In addition to the primary role of hydrography, the end users are increasingly seeking real-time data for the sustainable management of marine resources and protection of coastal infrastructure. They need hydrographic data to manage the challenges related to climate change and urbanization in coastal communities. Thus, hydrographic surveying and the roles of experts in this field are in experiencing a paradigm shift, and rise in the adoption of disruptive technologies, solutions, and techniques is likely to boost survey capacity and productivity, simultaneously mitigating the risks and costs involved. The integration of advanced technologies such as artificial intelligence (AI), virtual reality (VR), and automated data collection is emerging as the next step in the further development of the hydrographic survey industry. AI, machine learning (ML), and forward-looking sonar (FLS) transform hydrographic data collection, processing, analysis, and presentation. The technology integration would enable the close-to-real-time transmission of hydrographic data to cloud in the coming years. Moreover, several methods of processing data using complex algorithms and AI are in the developing phase. The introduction of AI and ML capabilities would allow enterprises to shift from being product-centric to data-centric, which would enable enterprises to expand their product and service portfolios, thereby allowing them to ensure greater client satisfaction. Advanced technologies are swiftly gaining prominence in the marine, and oil & gas sectors, and the rising use of hydrographic survey software integrated with advanced technologies is emerging as a prominent trend in the Europe market.

Key Market Segments

In terms of component, the software segment accounted for the largest share of the Europe hydrographic survey market in 2019. In terms of end user, the oil & gas segment held a larger market share of the Europe 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 Europe 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 BeamworX BV, Esri, Eye4Software B.V., HYPACK / Xylem Inc., IIC Technologies, Moga Software s.r.l., Norcom Technology Limited, OceanWise Limited, Quality Positioning Services B.V. (QPS), Teledyne Marine (Teledyne Technologies Incorporated).     

Reasons to buy report

  • To understand the Europe 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 Europe hydrographic survey market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe hydrographic survey market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

 Europe Hydrographic Survey Market Segmentation

Europe Hydrographic Survey Market - By Component

  • Software
  • Services

Europe Hydrographic Survey Market - By End User

  • Marine
  • Oil & Gas

Europe Hydrographic Survey Market - By Country

  • UK
  • Russia
  • Germany
  • France
  • Italy
  • Rest of Europe     

Europe Hydrographic Survey Market - Company Profiles

  • BeamworX BV
  • Esri
  • Eye4Software B.V.
  • HYPACK / Xylem Inc.
  • IIC Technologies    
  • Moga Software s.r.l.
  • Norcom Technology Limited
  • 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.             Europe Hydrographic Survey Market Landscape

4.1       Market Overview

4.2       Europe PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Europe Hydrographic Survey Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Increase in the Number of Offshore Oil & Gas Projects

5.1.2        Growing Maritime Commerce and Transport

5.2       Market Restraints

5.2.1        Scarcity of Awareness in Some Countries

5.3       Market Opportunities

5.3.1        Escalating Demand for Energy & Power Projects

5.4       Future Trends

5.4.1        Technical Developments in Hydrographic Survey Software and Services

5.5       Impact Analysis of Drivers and Restraints

6.             Hydrographic Survey Market – Europe Analysis

6.1       Europe Hydrographic Survey Market Overview

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

7.             Europe Hydrographic Survey Market Analysis – By Component

7.1       Overview

7.2       Europe 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.             Europe Hydrographic Survey Market Analysis –By End User

8.1       Overview

8.2       Europe 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.             Europe Hydrographic Survey Market – Country Analysis

9.1       Overview

9.1.1        Europe: Hydrographic Survey Market, by Key Country

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

9.1.1.1.1       Germany: Hydrographic Survey Market, by Component

9.1.1.1.2       Germany: Hydrographic Survey Market, by End User

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

9.1.1.2.1       France: Hydrographic Survey Market, by Component

9.1.1.2.2       France: Hydrographic Survey Market, by End User

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

9.1.1.3.1       Italy: Hydrographic Survey Market, by Component

9.1.1.3.2       Italy: Hydrographic Survey Market, by End User

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

9.1.1.4.1       UK: Hydrographic Survey Market, by Component

9.1.1.4.2       UK: Hydrographic Survey Market, by End User

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

9.1.1.5.1       Russia: Hydrographic Survey Market, by Component

9.1.1.5.2       Russia: Hydrographic Survey Market, by End User

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

9.1.1.6.1       Rest of Europe: Hydrographic Survey Market, by Component

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

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

10.1    Europe: 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    BeamworX BV

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    Eye4Software B.V.

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    HYPACK / Xylem Inc.

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    IIC Technologies

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    Norcom Technology Limited

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    Teledyne Marine (Teledyne Technologies Incorporated)

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

12.7    OceanWise Limited

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Moga Software s.r.l.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Quality Positioning Services B.V. (QPS)

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Esri

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Hydrographic Survey Market Segmentation

Figure 2.           Europe Hydrographic Survey Market Segmentation – By Country

Figure 3.           Europe 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.           UK Held Largest Market Share in 2019

Figure 7.           Europe PEST Analysis

Figure 8.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

  1. BeamworX BV
  2. Esri
  3. Eye4Software B.V.
  4. HYPACK / Xylem Inc.
  5. IIC Technologies
  6. Moga Software s.r.l.
  7. Norcom Technology Limited
  8. OceanWise Limited
  9. Quality Positioning Services B.V. (QPS)
  10. 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 Europe 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 Europe 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 Europe 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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