Global Underwater Acoustic Communication Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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May 2023
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Global Underwater Acoustic Communication Market: Overview
“The global Underwater acoustic communication Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Underwater acoustic communication is used to send and receive signals underwater. Commonly, hydrophones are used for underwater communication. Acoustic communication is majorly affected by three factors namely low speed of sound propagation, multipath propagation, and signal attenuation.
Underwater acoustic communication is mainly used in defence, oil and gas, and oceanography applications. Underwater acoustic communication is considered as most difficult communication media of all.
Global Underwater Acoustic Communication Market: Dynamics
The increasing adoption of underwater acoustic communication by the naval defence and law enforcement sectors is a major factor driving the growth of the global underwater acoustic communication market.
Underwater acoustic communication can be used to provide a pre-warning system regarding underwater earthquakes and tsunamis. It is also used for monitoring changes in underwater habitat and underwater pollution.
Increasing underwater exploration activities, coupled with increasing adoption of underwater acoustic communication for environmental protection are some of the other factors fueling the growth of the global market.
Furthermore, an increasing preference for underwater acoustic communication for data gathering and seabed mapping over conventional technologies is expected to bolster the growth of the global underwater acoustic communication market in the near future.
However, the availability of limited bandwidth is a challenging factor that may hamper the growth of the global underwater acoustic communication market. in addition, high bit errors in communication signal is another factor that could affect the growth of the global market. Nevertheless, the adoption of advanced technology to reduce the drawbacks of underwater acoustic communications can create high revenue opportunities for players in the target market.
Global Underwater Acoustic Communication Market: Segment Analysis
As per the communication range, the medium water range segment is expected to account for a significant growth rate in terms of revenue in the near future. Increasing use of medium water range in defence as well as oil and gas sector is a key factor supporting the growth of the target segment in the global market.
As per end-users, the scientific research & development segment is expected to account for a major share in terms of revenue over the forecast period. The use of underwater acoustic communication for exploration and study of the underwater environments is propelling the growth of the segment in the global market.
Global Underwater Acoustic Communication Market: Regional Analysis
Currently, the market in North America dominates the global market in terms of revenue and is expected to account for a high growth rate over the forecast period. The use of underwater acoustic communication for security and surveillance, owing to rising security concerns in countries in the region is a major factor driving the growth of the target market in North America.
In addition, the growing adoption of unmanned underwater vehicles in the defence sector is another factor anticipated to support the growth of the underwater acoustic communication market in the region. Market in the Asia Pacific is anticipated to account for lucrative growth in terms of revenue in the near future, followed by Europe.
Global Underwater Acoustic Communication Market Segmentation:
Segmentation by Interface Platform:
- Acoustic Modem
- Sensor Interface
- Others (Buoys and Sonobuoys)
Segmentation by Communication Range:
- Shallow Water Range
- Long Water Range
- Shallow Water Range
- Medium Water Range
Segmentation by End User:
- Military & Defence
- Marine
- Scientific Research & Development
- Homeland Security
- Oil & Gas
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
- Kongsberg Gruppen ASA
- Teledyne Technologies Inc.
- Ultra Electronics Holdings plc
- Thales Group
- Evologics LLC
- Sonardyne International Ltd.
- DSPComm
- Nortek, Inc.
- The Mistral Group
- Aquatec Group Ltd.
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