Middle East & Africa Hydrographic Survey Market

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.

Middle East & Africa Hydrographic Survey Strategic Insights

Strategic insights for the Middle East & Africa Hydrographic Survey provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Hydrographic Survey Report Scope

Middle East & Africa Hydrographic Survey Regional Insights

The geographic scope of the Middle East & Africa Hydrographic Survey refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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)