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  • Underwater Acoustic Modem Market Analysis | 2021-2026

    Underwater Acoustic Modem Market Analysis | 2021-2026

    Underwater Acoustic Modem Market Analysis | 2021-2026
    Report code - SR1306 Delivery - 2 Weeks
    Underwater Acoustic Modem Market Growth, Trends, Dynamics & Market Insights: 2021-2026 See more...

    Market Insights

    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.

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    What is an underwater acoustic modem?

    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.

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    Target Audience

    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.

    What deliverables will you get in this report?

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    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.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The underwater acoustic modem market size is expected to reach USD 3.9 billion in the foreseeable future.

    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.

    The environmental monitoring segment is expected to register a healthy CAGR in the underwater acoustic modem market in the coming years.

    North America accounted for the largest share in the underwater acoustic modem market during the next five years.