Middle East & Africa Hydrographic Survey Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software and Services) and End User (Marine and Oil & Gas)
Market Introduction
The hydrographic survey market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness rapid commercialization and industrialization, which would also boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match these countries' economic conditions. Similarly, the boost in per capita income, recovering economic conditions, and government spending toward infrastructure development of the region are among the factors anticipated to drive the adoption of the hydrographic survey in several industries. The UAE is emerging with a fast-paced, changing environment with numerous large-scale offshore projects. Safe maritime activities are the top priority of the Military Survey Department, the UAE. The hydrographic surveys are conducted in the country for deep sea survey and data analysis, preparation and dissemination of annual tide tables for main seaports in the UAE, and production of hydrographic maps and charts at different scales. In Ghana, the Ghana Ports and Harbours Authority is the only agency responsible for hydrographic surveys in Takoradi and Tema harbors. Its hydrographic section functions comprise laying and maintaining all buoys, dredging to maintain depths, checking position and distance of mooring buoys, salvaging sunken craft, harbor soundings, and compiling harbor charts. Since the establishment of Takoradi and Tema harbors, the hydrographic surveying activity has surged immensely. Thus, the growing need to conduct hydrographic surveys on the water bodies to determine their transportation safety would boost the market growth in the MEA during the forecast period.
Furthermore, in case of COVID-19, among the MEA countries, Turkey has faced the highest number of confirmed cases (2,531,456) and deaths (26,797). Other major countries facing the economic impact of COVID-19 include South Africa, Iran, Israel, Iraq, Morocco, Saudi Arabia, UAE, and Qatar. The region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for hydrographic survey providers due to the several ongoing marine and oil & gas projects. The global COVID-19 pandemic would have significant effects on global economies, but the region is anticipated to be impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business, and various major plant shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and the impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the growth of the hydrographic survey market till Mid- 2021.
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Market Overview and Dynamics
The MEA hydrographic survey market is expected to grow from US$ 11.10 million in 2019 to US$ 17.23 million by 2027; it is estimated to grow at a CAGR of 5.8 % from 2020 to 2027. Burgeoning maritime commerce and transport is expected to boost up the MEA hydrographic survey market. Maritime commerce and transport is a key to trade and globalization; moreover, it is essential for ensuring national security. The movement of passengers and cargo demand an efficient marine transportation system. Several government agencies across MEA are responsible for national security, marine safety, vessel traffic management, waterway maintenance, and environmental protection. Commercial shipping is crucial for the regional 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 MEA countries 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 economy, thereby escalating the demand for hydrographic survey software and services, hence driving the MEA market growth.
Key Market Segments
In terms of component, the software segment accounted for the largest share of the MEA hydrographic survey market in 2019. In terms of end user, the oil & gas segment held a larger market share of the MEA 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 MEA 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 MEA 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 MEA hydrographic survey market
- Efficiently plan M&A and partnership deals in MEA 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 MEA hydrographic survey market
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Hydrographic Survey Market Segmentation
MEA Hydrographic Survey Market - By Component
- Software
- Services
MEA Hydrographic Survey Market - By End User
- Marine
- Oil & Gas
MEA Hydrographic Survey Market - By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
MEA 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. MEA Hydrographic Survey Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Hydrographic Survey Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Number of Offshore Oil & Gas Projects
5.1.2 Burgeoning Maritime Commerce and Transport
5.2 Market Restraints
5.2.1 Dearth of Awareness in Underdeveloped Countries
5.3 Market Opportunities
5.3.1 Surging Demand for Energy & Power Projects
5.4 Future Trends
5.4.1 Integration with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Hydrographic Survey Market – MEA Analysis
6.1 MEA Hydrographic Survey Market Overview
6.2 MEA Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
7. MEA Hydrographic Survey Market Analysis – By Component
7.1 Overview
7.2 MEA 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. MEA Hydrographic Survey Market Analysis –By End User
8.1 Overview
8.2 MEA 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. MEA Hydrographic Survey Market – Country Analysis
9.1 Overview
9.1.1 MEA: Hydrographic Survey Market, by Key Country
9.1.1.1 South Africa: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Hydrographic Survey Market, by Component
9.1.1.1.2 South Africa: Hydrographic Survey Market, by End User
9.1.1.2 Saudi Arabia: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Hydrographic Survey Market, by Component
9.1.1.2.2 Saudi Arabia: Hydrographic Survey Market, by End User
9.1.1.3 UAE: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Hydrographic Survey Market, by Component
9.1.1.3.2 UAE: Hydrographic Survey Market, by End User
9.1.1.4 Rest of MEA: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Hydrographic Survey Market, by Component
9.1.1.4.2 Rest of MEA: Hydrographic Survey Market, by End User
10. MEA Hydrographic Survey Market- COVID-19 Impact Analysis
10.1 MEA: 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. MEA Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA: Hydrographic Survey Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Hydrographic Survey Market Segmentation
Figure 2. MEA Hydrographic Survey Market Segmentation – By Country
Figure 3. MEA 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. Saudi Arabia Held Largest Market Share in 2019
Figure 7. MEA PEST Analysis
Figure 8. Expert Opinion
Figure 9. MEA Hydrographic Survey Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. MEA Hydrographic Survey Market Revenue Share, by Component (2019 and 2027)
Figure 12. MEA Software: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. MEA Services: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Hydrographic Survey Market Breakdown, by End User (2019 and 2027)
Figure 15. MEA Marine Market Revenue and Forecast to 2027(US$ Million)
Figure 16. MEA Oil & Gas Market Revenue and Forecast to 2027(US$ Million)
Figure 17. MEA: Hydrographic Survey Market, by Key Country – Revenue (2019) (USD Million)
Figure 18. MEA: Hydrographic Survey Market Revenue Share, by Key Country (2019 and 2027)
Figure 19. South Africa: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Saudi Arabia: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. UAE Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Rest of MEA: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in MEA Country Markets
- Esri
- HYPACK / Xylem Inc.
- IIC Technologies
- OceanWise Limited
- Quality Positioning Services B.V. (QPS)
- 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 MEA 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 MEA 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 MEA 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