South America 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 SAM includes Brazil, Argentina, and the Rest of SAM. The Rest of SAM includes Peru, Ecuador, Uruguay, and Venezuela. The region is characterized by a mixed growth scenario, with a few countries having complex macroeconomic and political environments. However, despite several challenges, positive government-led initiatives to boost marine and oil & gas industries are expected to support the growth of the hydrographic survey market in this region in the future. The growing focus on oil & gas activities in SAM is likely to propel the demand for hydrographic surveys. For instance, according to the IEA, expenditure on upstream activities in the region is set to rise due to the high investment by Brazil, Argentina, and Colombia. Petrobras, a Brazil-based state-held oil firm, plans to invest US$ 75.7 billion over the next five years to boost oil production. The robust marine industry has contributed significantly to the notable number of marine vessels. Though the industry is heavily fragmented, a significant number of small players have facilitated the development of port infrastructure and technological adoption for their seamless operation across prominent ports throughout the SAM countries. Thus, high emphasis on the marine industry would also compel the demand for hydrographic survey software and services in the near future.
Furthermore, in case of COVID-19, Brazil has the highest number of confirmed cases, followed by other countries such as Colombia, Argentina, Peru, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to directly impact the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The total number of cases in Brazil accounted for 9,497,795, out of which 231,012 total deaths are recorded. The shutdown of businesses and halt in ongoing offshore projects due to lockdown measures has directly affected the growth of the hydrographic survey market in this region. The sharp decline in business activities and product sales are also affected the growth rate of the hydrographic survey in this region in 2020 and most likely to affect till Mid-2021.
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Market Overview and Dynamics
The SAM hydrographic survey market is expected to grow from US$ 9.21 million in 2019 to US$ 14.97 million by 2027; it is estimated to grow at a CAGR of 6.4 % from 2020 to 2027. Collaborating advanced technologies with hydrographic survey software and services will accelerate the SAM 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 SAM market.
Key Market Segments
In terms of component, the software segment accounted for the largest share of the SAM hydrographic survey market in 2019. In terms of end user, the oil & gas segment held a larger market share of the SAM 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 SAM 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., OceanWise Limited, Quality Positioning Services B.V. (QPS), Teledyne Marine (Teledyne Technologies Incorporated).
Reasons to buy report
- To understand the SAM 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 SAM hydrographic survey market
- Efficiently plan M&A and partnership deals in SAM 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 SAM hydrographic survey market
- Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.
SAM Hydrographic Survey Market Segmentation
SAM Hydrographic Survey Market - By Component
- Software
- Services
SAM Hydrographic Survey Market - By End User
- Marine
- Oil & Gas
SAM Hydrographic Survey Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Hydrographic Survey Market - Company Profiles
- Esri
- HYPACK / Xylem Inc.
- 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. SAM Hydrographic Survey Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Hydrographic Survey Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Number of Offshore Oil & Gas Projects
5.1.2 Rise in Maritime Commerce and Transport
5.2 Market Restraints
5.2.1 Deficiency of Awareness in Underdeveloped Countries
5.3 Market Opportunities
5.3.1 Increasing Demand for Energy & Power Projects
5.4 Future Trends
5.4.1 Collaborating Advanced Technologies with Hydrographic Survey Software and Services
5.5 Impact Analysis of Drivers and Restraints
6. Hydrographic Survey Market – SAM Analysis
6.1 SAM Hydrographic Survey Market Overview
6.2 SAM Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
7. SAM Hydrographic Survey Market Analysis – By Component
7.1 Overview
7.2 SAM 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. SAM Hydrographic Survey Market Analysis –By End User
8.1 Overview
8.2 SAM 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. SAM Hydrographic Survey Market – Country Analysis
9.1 Overview
9.1.1 SAM: Hydrographic Survey Market, by Key Country
9.1.1.1 Brazil: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Hydrographic Survey Market, by Component
9.1.1.1.2 Brazil: Hydrographic Survey Market, by End User
9.1.1.2 Argentina: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Hydrographic Survey Market, by Component
9.1.1.2.2 Argentina: Hydrographic Survey Market, by End User
9.1.1.3 Rest of SAM: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Hydrographic Survey Market, by Component
9.1.1.3.2 Rest of SAM: Hydrographic Survey Market, by End User
10. SAM Hydrographic Survey Market- COVID-19 Impact Analysis
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 Teledyne Marine (Teledyne Technologies Incorporated)
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 OceanWise Limited
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 Quality Positioning Services B.V. (QPS)
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 Esri
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil: Hydrographic Survey Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Hydrographic Survey Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Hydrographic Survey Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM: Hydrographic Survey Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Hydrographic Survey Market, by End User –Revenue and Forecast to 2027 (Rest of US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Hydrographic Survey Market Segmentation
Figure 2. SAM Hydrographic Survey Market Segmentation – By Country
Figure 3. SAM 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. Brazil Held Largest Market Share in 2019
Figure 7. SAM PEST Analysis
Figure 8. Expert Opinion
Figure 9. SAM Hydrographic Survey Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. SAM Hydrographic Survey Market Revenue Share, by Component (2019 and 2027)
Figure 12. SAM Software: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. SAM Services: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. SAM Hydrographic Survey Market Breakdown, by End User (2019 and 2027)
Figure 15. SAM Marine Market Revenue and Forecast to 2027(US$ Million)
Figure 16. SAM Oil & Gas Market Revenue and Forecast to 2027(US$ Million)
Figure 17. SAM: Hydrographic Survey Market, by Key Country – Revenue (2019) (USD Million)
Figure 18. SAM: Hydrographic Survey Market Revenue Share, by Key Country (2019 and 2027)
Figure 19. Brazil: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Argentina: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Rest of SAM: Hydrographic Survey Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in SAM Country Markets
- Esri
- HYPACK / Xylem Inc.
- 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 SAM 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 SAM 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 SAM 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