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)

Publication Month: Apr 2021 | Report Code: TIPRE00021044 | No. of Pages: 85 | Category: Technology, Media and Telecommunications | Status: Published

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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.

The UAE, Saudi Arabia, and South Africa are major economies in MEA. Integration with advanced technologies is expected to upsurge the MEA 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 driver which will drive the MEA hydrographic survey market.

  

Further, 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.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA hydrographic survey market. The MEA hydrographic survey market is expected to grow at a good CAGR during the forecast period.

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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 -Companies Mentioned

  • 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

 

  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 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             
TIPRE00021044
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