Dublin, May 28, 2024 (GLOBE NEWSWIRE) -- The "Global Underwater Wireless Communication Market" report has been added to ResearchAndMarkets.com's offering.
The Global Underwater Wireless Communication Market, valued at US$ 6.66 billion in 2023, is forecasted to reach a remarkable US$ 17.13 billion by 2030. This robust growth, characterized by a CAGR of 17.03%, can be attributed to several key drivers reshaping the industry's landscape.
The market is currently experiencing a surge in demand for Controlled Underwater Vehicles and a growing requirement for real-time monitoring, indicating an increase in underwater activities and the need for advanced communication solutions.
The market's vigorous growth is driven by the increasing adoption of underwater acoustic modems, which are pivotal in enhancing underwater communication and data transmission. These modems are crucial for various applications including environmental monitoring, military and defense operations, and scientific research. Additionally, government initiatives across different countries are playing a crucial role in promoting the development and implementation of advanced underwater wireless communication systems. These initiatives often involve significant investments in maritime technology, encouraging innovation and adoption in both public and private sectors.
Acoustic Communications, exhibiting the fastest growth rate at 17.93%, leads the type segment. In technology, Vehicular Technology dominates with over 45% market share. The application segment is led by Environmental Monitoring, projected to exceed US$ 5.2 billion by 2030. Scientific Research & Development is the most prominent industry, accounting for more than 35% of the market share in 2023.
North America, with over 35% market share, spearheads the market, mainly due to the technological advancements and high adoption rate in the US. The Asia Pacific region, particularly China and India, is also experiencing significant growth, attributed to the increasing industrial and maritime activities in these countries. On the bases of region, Market is divided into following:
The market is moderately consolidated, with the top four players accounting for about 60% of the market share in 2023. Key players such as Benthowave Instrument Inc, EvoLogics GmbH, Fugro, and Kongsberg Gruppen are instrumental in driving the market through their technological innovations and comprehensive product offerings. Below are the list of the players profiled in this report:
- Benthowave Instrument Inc.
- Bruel and Kjar
- DSPComm
- EvoLogics GmbH
- Fugro
- Kongsberg Gruppen
- Nortek AS
- Ocean Technology Systems
- RJE International, Inc.
- SAAB AB
- SONARDYNE
- Subnero Pte. Ltd.
- Teledyne Technologies Incorporated
- Ultra Electronics Maritime Systems
- Wilcoxon Sensing Technologies
Key Topics Covered
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Global Underwater Wireless Communication Market
Chapter 4. Global Underwater Wireless Communication Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Technology Developer
4.1.2. Integrator
4.1.3. Service Provider
4.1.4. End User
4.2. Industry Outlook
4.2.1. Rising Demand for Controlled Underwater Vehicles
4.2.2. Increase in Demand of Real Time Monitoring
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
4.4. Market Dynamics and Trends
4.4.1. Growth Drivers
4.4.2. Restraints
4.4.3. Opportunities
4.4.4. Key Trends
4.5. COVID-19 Impact Assessment on Market Growth Trend
4.6. Market Growth and Outlook
4.6.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.6.2. Pricing Analysis
4.7. Competition Dashboard
4.7.1. Market Concentration Rate
4.7.2. Company Market Share Analysis (Value %), 2021
4.7.3. Competitor Mapping
Chapter 5. Global Underwater Wireless Communication Market Analysis, By Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Mn)
5.2.1. Acoustic Communications
5.2.2. Optical Communications
5.2.3. RF Communications
5.2.4. Others
Chapter 6. Global Underwater Wireless Communication Market Analysis, By Technology
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Mn)
6.2.1. Sensor Technology
6.2.2. Vehicular Technology
Chapter 7. Global Underwater Wireless Communication Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Mn)
7.2.1. Environmental Monitoring
7.2.2. Pollution Monitoring
7.2.3. Seismic Monitoring
7.2.4. Ocean Current Monitoring
7.2.5. Climate Recording
7.2.6. Marine Archaeology
7.2.7. Search and Rescue Mission
7.2.8. Others
Chapter 8. Global Underwater Wireless Communication Market Analysis, By Industry
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Mn)
8.2.1. Oil and Gas
8.2.2. Military & Defense
8.2.3. Marine
8.2.4. Scientific Research & Development
8.2.5. Civil
8.2.6. Commercial
8.2.7. Others
Chapter 9. Global Underwater Wireless Communication Market Analysis, By Region
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Mn)
9.2.1. North America
9.2.1.1. The U.S.
9.2.1.2. Canada
9.2.1.3. Mexico
9.2.2. Europe
9.2.2.1. Western Europe
9.2.2.1.1. The UK
9.2.2.1.2. Germany
9.2.2.1.3. France
9.2.2.1.4. Italy
9.2.2.1.5. Spain
9.2.2.1.6. Rest of Western Europe
9.2.2.2. Eastern Europe
9.2.2.2.1. Poland
9.2.2.2.2. Russia
9.2.2.2.3. Rest of Eastern Europe
9.2.3. Asia Pacific
9.2.3.1. China
9.2.3.2. India
9.2.3.3. Japan
9.2.3.4. Australia & New Zealand
9.2.3.5. ASEAN
9.2.3.6. Rest of Asia Pacific
9.2.4. Middle East & Africa (MEA)
9.2.4.1. UAE
9.2.4.2. Saudi Arabia
9.2.4.3. South Africa
9.2.4.4. Rest of MEA
9.2.5. South America
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
Chapter 10. North America Underwater Wireless Communication Market Analysis
Chapter 11. Europe Underwater Wireless Communication Market Analysis
Chapter 12. Asia Pacific Underwater Wireless Communication Market Analysis
Chapter 13. Middle East and Africa Underwater Wireless Communication Market Analysis
Chapter 14. South America Underwater Wireless Communication Market Analysis
Chapter 15. Company Profiles
(Company Overview, Financial Matrix, Key Product Landscape, Key Personnel, Key Competitors, Contact Address, Measurement Methods and Business Strategy Outlook)
15.1. Benthowave Instrument Inc.
15.2. Bruel and Kjar
15.3. DSPComm
15.4. EvoLogics GmbH
15.5. Fugro
15.6. Kongsberg Gruppen
15.7. Nortek AS
15.8. Ocean Technology Systems
15.9. RJE International, Inc.
15.10. SAAB AB
15.11. SONARDYNE
15.12. Subnero Pte. Ltd.
15.13. Teledyne Technologies Incorporated
15.14. Ultra Electronics Maritime Systems
15.15. Wilcoxon Sensing Technologies
15.16. Other Prominent Players
For more information about this report visit https://www.researchandmarkets.com/r/uwu586
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