HOME Research Insight Contracts, New Product Launches, Agreements, and Acquisitions are Among the Key Strategies Adopted by Leading Players to Grow in the Hydrographic Survey Equipment Market



Contracts, New Product Launches, Agreements, and Acquisitions are Among the Key Strategies Adopted by Leading Players to Grow in the Hydrographic Survey Equipment Market


In 2016, the hydrographic survey equipment market was led by Kongsberg Gruppen ASA (Norway), Edgetech (US), SyQuest (US), Teledyne Technologies Inc. (US), and Innomar Technologie GmbH (Germany), among others, and these companies are expected to continue to lead till 2022.

Contracts is the key strategy adopted by industry players to grow in the hydrographic survey equipment market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D.

Kongsberg Gruppen ASA (Norway) is a leading player in the hydrographic survey equipment market and operates through varied business segments, such as Kongsberg Maritime AS, Kongsberg Defence Systems, and Kongsberg Protech Systems. The company provides hydrographic survey equipment through its Kongsberg Maritime AS segment. Core competencies of the company include engineering cybernetics, signal processing, software development services, and system integration. The company majorly focuses on securing contracts and undertaking collaborations to strengthen its position in the hydrographic survey equipment market. In 2017, Kongsberg Maritime AS, a business unit of Kongsberg Gruppen ASA, won a USD 18.1 million contract from the NDMA to deliver 2 HUGIN AUVs for mine countermeasure systems. In 2016, Kongsberg Maritime AS, a business unit of Kongsberg Gruppen ASA, collaborated with Chesapeake Technology to use their SonarWiz mapping software for its PulSAR side-scan sonar.

Teledyne Technologies Inc. (US) operates its business through four business segments, namely, instrumentation, aerospace and defense electronics, digital imaging, and engineered systems. The company provides hydrographic survey equipment through its instrumentation segment. Teledyne Marine, under the instrumentation segment, is a group of companies dealing with research and design of undersea products.         The company mainly focuses on securing contracts and new product launches to improve its position in the hydrographic survey equipment market. In 2017, Teledyne Marine, a business unit Teledyne Technologies Inc. received a contract from the US DoD to deliver 60 upgraded SeaBotix ROVs. In 2016, the Finland Transport Agency awarded a contract to Teledyne CARIS Inc., a business unit of Teledyne Technologies Inc. to provide the new bathymetric data management system.

Related Reports:

Hydrographic Survey Equipment Market by Type (Sensing System, Positioning System, Subsea Sensor, Unmanned Vehicle, Software), Application (Port & Harbor, Oil & Gas, Cable, Charting), Depth, Platform, End User, and Region - Global Forecast to 2022

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