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Underwater Acoustic Communication Market Insights
The global underwater acoustic communication market is likely to witness notable revenue gains. The growing demand for acoustic communication for environmental monitoring purposes would boost the market size. According to Market Research Future (MRFR), the underwater acoustic communication market is poised to escalate from USD 2.2 BN in 2022 to USD 5.85 BN by 2032, growing at an 11.50% CAGR during the assessment period (2023-2032).
Oil and gas companies leverage this technology to help gain an assessment of their environmental footprint. Additionally, these advanced technologies enable businesses to closely monitor environmental impact and implement effective measures to mitigate it. These technologies allow UUVs to conduct long-duration missions while carrying substantial payloads, thereby reducing reliance on alternative logistical technologies in forward-operating environments.
Rising defense spending in several countries and the growing use of this technology by various end-users for ocean exploration and security & surveillance purposes are key drivers enhancing the underwater acoustic communication market growth. Underwater equipment and technology are garnering significant attention in ocean exploration, where obtaining underwater wireless communication has always been critically challenging.
Currently, underwater communication is achieved through different physical fields, such as acoustic, optical, and electromagnetic fields. Acoustic communication is the most widely used underwater communication. However, acoustic communication is subject to temperature, pressure, and salinity influences, which leads to considerable transmission delays, multipath effects, and Doppler frequency shifts.
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Major Players
Leading underwater acoustic communication market players are
Underwater Acoustic Communication Market – Segments
The research report is segmented into components, connectivity, applications, end-users, and regions. The component segment is sub-segmented into hardware, software, and services. The connectivity segment is sub-segmented into hardwired and wireless. The application segment is sub-segmented into environment monitoring, pollution monitoring, oceanography, hydrography, and others.
The end-user segment is sub-segmented into underwater acoustic communication scientific research & development, military & defense, marine, oil & gas, and others. By region, the underwater acoustic communication market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Underwater Acoustic Communication Market – Regional Analysis
North America dominates the global underwater acoustic communication market. The regional market growth is predominantly led by the increased adoption of Unmanned Underwater Vehicles (UUVs) in defense and commercial sectors. Besides, the growing governmental use of underwater communication technology for environmental monitoring purposes substantiates the market size.
Underwater Acoustic Communication Market – Competitive Analysis
The underwater acoustic communication market would witness increasing strategic deals, such as collaboration, mergers & acquisitions, expansion, and integration of advanced technologies. Leading industry players also make strategic investments to drive research & development activities and foster their expansion plans.
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Industry/Innovation/ Related News:
Mar. 03, 2022 — DSIT Solutions launched its new acoustic underwater communication system, WhitePointer. This new system provides comprehensive underwater communication between multiple platforms. WhitePointer is a state-of-the-art underwater acoustic communication system enabling simultaneous communication between various surface and underwater users.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
