The Underwater Acoustic Modem Market is segmented by Interface Platform (Sensor Interface, Acoustic Modem [Hardware, Software], Others), Application (Environmental Monitoring, Pollution Monitoring, Climate Monitoring, Hydrography, Oceanography, Others), End-Use (Oil & Gas, Military & Defense, Homeland Security, Scientific Research & Development, Marine) and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
The Underwater Acoustic Modem Market is segmented by Interface Platform (Sensor Interface, Acoustic Modem [Hardware, Software], Others), Application (Environmental Monitoring, Pollution Monitoring, Climate Monitoring, Hydrography, Oceanography, Others), End-Use ...
The Underwater Acoustic Modem Market is estimated to grow from USD 1.8 billion in 2020 to USD 3.9 billion by 2026 at a healthy CAGR of 13.75% during the forecast period.
Underwater acoustic communication may be a technique of propagating sound in water. it's a framework for the underwater acoustic communication system. It consists of channels, propagation models, and statistical characterization. it's a contact of the mechanical waves which create sound between the water and its boundaries.
Key Players
Key players operating in the underwater acoustic modem market are-
Teledyne Technologies (US)
Kongsberg Gruppen (Norway)
Thales Group (France)
Ultra Electronics (UK)
Sonardyne International (UK)
Evologics (Germany)
Dspcomm (Australia)
Mistral (India)
Nortek (US)
Aquatec Group (US).
Market Dynamics
Strong adoption of underwater acoustic modems in naval defense and the growing importance of effective and safe communication in homeland and defense security is expected to boost the market growth in the coming years. In addition, the rising demand for environmental protection acts as an opportunity. However, due to the relatively slow speed of sound in water, delayed delivery times, reduced data transmission speed are hampering the product demand.
COVID-19 Impact
The COVID-19 outbreak has moderately affected the underwater acoustic modem industry. Rising coronavirus cases across the globe resulted in stringent social distance and lockdown norms across the globe, which led to supply chain disruption, thus affecting the product demand. There was a decline in expenditure in the military and defense sector which affected the UUVs, thus affecting the product demand amid the pandemic.
Segment Analysis
Based on application, the underwater acoustic modem market is classified into environmental monitoring, pollution monitoring, climate monitoring, hydrography, oceanography, and others. The environmental monitoring segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Environmental monitoring is primarily used to monitor potential effects on the terrestrial & nearshore environment associated with onshore construction activities, which boosts the segment growth.
By region, the North American market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. The US and Canadian countries are increasingly using unmanned underwater vehicles (UUVs) for several defense operations such as security, anti-submarine warfare, and surveillance, owing to the rising security concerns in these countries. Thus, the growing applicability of UUVs in defense & commercial sectors further proliferates the regional market growth.
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Underwater Acoustic Modem Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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Teledyne Technologies (US), Kongsberg Gruppen (Norway), Thales Group (France), Ultra Electron-ics (UK), Sonardyne International (UK), Evologics (Germany), Dspcomm (Australia), Mistral (In-dia), Nortek (US), and Aquatec Group (US) are among the key players in the underwater acoustic modem market.
The underwater acoustic modem market is expected to witness an impressive growth of 13.75% CAGR in the underwater acoustic modem market in the coming years.