Global Underwater Acoustic Modems Market Report 2023: Sector Is Expected To Reach $3.67 Bi

DUBLIN--(BUSINESS WIRE)--The "Global Underwater Acoustic Modems Market Size, Share, Growth Analysis, By Range, By Application - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The underwater acoustic modems market size was valued at USD 1.78 billion in 2021 and is poised to grow from USD 1.92 billion in 2022 to USD 3.67 billion by 2030, growing at a CAGR of 8.3% in the forecast period (2023-2030).

Underwater data and voice communications are sent and received using acoustic modems, sometimes known as underwater modems. Underwater modems transform digital signals into sound waves that can be sent underwater, enabling communication below the waves.

Modulating and demodulating transmission signals differently than on dry ground is how underwater modems work. Manufacturers of underwater modems are developing cutting-edge technologies to increase the dependability of wireless data transfer underwater.

The growth of underwater acoustic modems during the projected period will be fueled by the market's increasing momentum and ongoing research & development to provide high-quality signal transmitters for seamless underwater communication.

Segments covered in this report

The global underwater acoustic modems market is segmented based on type, application, industry, and region. Based on type, the market is segmented into shallow water (up to 350 meters), medium range (up to 1500 meters), long-range (up to 6000 meters), and full ocean range (up to 10000 meters).

Based on application, the market is segmented into submarine communications, submarine wireless command, and control submarine data & file transfer. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The increase in global oil and gas mining is projected to be the main factor driving revenue growth in the underwater acoustic modem market.

The rise in oil and gas extraction is expected to be a major factor in the underwater acoustic modem market's revenue growth, particularly in developing nations like Brazil, Russia, India, China, and South Africa.

Installed in oil fields and processing facilities, these underwater acoustic modems are used with pipeline monitoring equipment, environmental monitoring equipment, and oceanographic instrumentation.

Restraint

The scarcity of resources and the high cost of production are significant obstacles.

The underwater acoustic modems market is highly cost-sensitive since these devices are quite expensive and need high production costs, which will impede market expansion during the study period.

Market Trends

Now that underwater acoustic modems have been developed, it is conceivable to use technologies like GPS and Wi-Fi below the water's surface.

Modems quickly degrade due to corrosion because they are constantly utilised in moist conditions. As a result, producers are developing corrosion-resistant acoustic modems. Because of their hard-coat anodized aluminium composite housing, these acoustic modems are weatherproof and last longer. The Teledyne ATM-925 from their 920 Series is one such modem.

More and more interconnected smart devices will be used to link everything from individual kitchen appliances to submerged freight containers as the Internet of Things expands quickly.

Underwater robots that use sonar to communicate with one another, much like dolphins and whales are produced using these acoustic modems, serve as examples of this. Throughout the analysis period, these various variables will fuel the market's expansion and drive demand for underwater acoustic modems.

Companies Mentioned

Teledyne Technologies
Kongsberg Gruppen
EvoLogics GmbH
Sonardyne International
Ocean Innovations
DSPComm
LinkQuest Inc.
Nortek AS
Aquatic Sensor Network Technology (AquaSeNT LLC)
Sound Metrics Corp.
Evologics GmbH
Edgetech
L-3 Communications Klein Associates, Inc.
Gisma Steuerungstechnologie GmbH
Marimatech AS
R2Sonic, LLC
Tritech International Ltd
Mitsui E&S Holdings Co., Ltd.
RTsys
OceanSonics Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/788jg9

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First published on Tue, Jun 27, 2023

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