Underwater Acoustic Communication Market – Global Industry Analysis and Forecast (2017-2026)
Underwater Acoustic Communication market is expected to grow from USD 1.27 Billion in 2017 to USD 3.93 Billion by 2026, at a CAGR of 13.4% between 2017 and 2026.
Underwater acoustic communication is a technique used for transmission of messages underwater with use of acoustic waves. Frequency band ranging between 10 Hz to 1 MHz is generally used for the transmission of acoustic waves in underwater acoustic communication. Over a wide range of methods available for performing such communications most common is by using headphones.
The Underwater Acoustic Communication market
Increasing adoption of underwater acoustic modems in the oil & gas and naval defense sectors, growing Importance of Reliable and Secured Communication in Defense are the major factors driving the growth of underwater acoustic communication market. However, multi-path propagation, small available bandwidth, and strong signal attenuation, limited speed of data transmission and delayed delivery rates due to the relatively slow speed of sound in water, time variations of the channel are restraining the underwater acoustic communication market growth.
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Further key findings from the report:
• In the application segment, environmental monitoring is expected to hold the largest share of underwater acoustic communication market in 2017. Environmental monitoring is useful in explore and map underwater natural resources and gather scientific data in collaborative monitoring missions. Oil & gas industry is expected to drive underwater acoustic communication market for the environmental monitoring application
• Oil & gas industry in underwater acoustic communication market is expected to grow at a significant rate during the forecast period. Oil leakages, toxic releases, and pipeline breakages underwater cause pollution, which sometimes may have drastic effects on the environment. Oil & gas industry widely uses acoustic modems to monitor the environmental effects
• Unexplored ocean depths would play a key role in future industrial development and applications to control underwater commercial activities relevant to underwater fisheries, underwater pipelines, and oil & mineral extraction
• APAC held the largest share in the underwater acoustic communication market owing to factors such as an increase in defense spending, increasing the need for money in developing economies.
Key Highlights:
• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Underwater Acoustic Communication Market.
• The objective of the report is to provide a detailed analysis of the Underwater Acoustic Communication Market on the basis of the interface platform, communication range, application, end user, and geography.
• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities.
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain.
• Analysis of the Underwater Acoustic Communication Market with respect to individual growth trends, prospects, and contribution to the total market.
• Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business.
• Provides detailed information regarding the major factors influencing the growth of the Underwater Acoustic Communication Market (drivers, restraints, opportunities, and challenges).
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
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Research Methodology:
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Underwater Acoustic Communication Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Underwater Acoustic Communication Market globally.
Key Players in the Underwater Acoustic Communication Market Are:
• Kongsberg Gruppen
• Ultra Electronics
• Teledyne Technologies
• Thales Group
• Sonardyne International
• Evologics
• Mistral
• Dspcomm
• Evologics
• Aquatec Group
• Nortek
• Baltrobotics
• Gavial Holdings
• Tritech International
• Hydroacoustic
• Linkquest
• Proserv
• Aquatic Sensor Network Technology
Key Target Audience:
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
The Scope of the Underwater Acoustic Communication Market:
Research report categorizes the Underwater Acoustic Communication Market based on product type, application and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Underwater Acoustic Communication Market with key developments in companies and market trends.
Underwater Acoustic Communication Market, By Interface Platform:
• Acoustic Modem
• Sensor Interface
Underwater Acoustic Communication Market, By Communication Range:
• Long Water Range
• Medium Water Range
• Shallow Water Range
• Full Ocean Range
Underwater Acoustic Communication Market, by Application:
• Climate Monitoring
• Environmental Monitoring
• Pollution Monitoring
• Oceanography
• Hydrography
Underwater Acoustic Communication Market, By End User:
• Military & Defense
• Homeland Security
• Oil & Gas
• Scientific Research & Development
• Marine
Underwater Acoustic Communication Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Browse Full Report with Facts and Figures of Underwater Acoustic Communication Market Report at: https://www.maximizemarketresearch.com/market-report/underwater-acoustic-communication-market/1960/
MAJOR TOC OF THE REPORT
Chapter One: Underwater Acoustic Communication Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Underwater Acoustic Communication Market Competition, by Players
Chapter Four: Global Underwater Acoustic Communication Market Size by Regions
Chapter Five: North America Underwater Acoustic Communication Revenue by Countries
Chapter Six: Europe Underwater Acoustic Communication Revenue by Countries
Chapter Seven: Asia-Pacific Underwater Acoustic Communication Revenue by Countries
Chapter Eight: South America Underwater Acoustic Communication Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Underwater Acoustic Communication by Countries
Chapter Ten: Global Underwater Acoustic Communication Market Segment by Type
Chapter Eleven: Global Underwater Acoustic Communication Market Segment by Application
Chapter Twelve: Global Underwater Acoustic Communication Market Size Forecast (2019-2026)
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