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Global Underwater Acoustic Communication Market to reach USD 3.92 billion by the end of 2029.

Global Underwater Acoustic Communication Market Size study & Forecast, by Interface Platform (Sensor Interface, Acoustic Modem), by Communication Depth (Shallow Water, Medium Water, Long Water, Full Ocean), by Application (Environmental Monitoring, Pollution Monitoring, Climate Monitoring, Hydrography, Others), by End-User (Oil & Gas, Military & Defense, Homeland Security, Scientific Research & Development, Marine), and Regional Analysis, 2022-2029

Product Code: ECE-58481661
Publish Date: 17-04-2023
Page: 200

Global Underwater Acoustic Communication Market is valued at approximately USD 1.70 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.0% over the forecast period 2022-2029. Underwater acoustic communication is a technique for transmitting and receiving messages underneath the water’s surface. The use of acoustic waves rather than electromagnetic signals distinguishes underwater acoustic communication from terrestrial communication. Growing underwater exploration activities, especially for environmental protection, are propelling the global underwater acoustic communication market. The market growth is primarily driven by factors such as the rising need for reliable and secure communication in the defense and homeland security sectors, coupled with the increasing deployment of acoustic navigation for underwater positioning.

The growing adoption of underwater acoustic modems in the oil & gas industry is acting as a catalyzing factor for market expansion globally. For instance, according to Statista, in 2020, the global investment towards oil and gas was estimated to account for nearly USD 270 billion, which is significantly rising and reached to around USD 307 billion by 2022. Therefore, the growing investment in the oil & gas industry is substantially influencing the adoption of underwater acoustic modems, which, in turn, augments the market growth globally. Furthermore, the increasing proliferation of 5G network for underwater communication, as well as surging demand for environmental monitoring and seafloor mapping are leveraging various lucrative opportunities for the market growth over the forecasting years. However, bandwidth limitation associated with underwater acoustic communication and security threat in underwater communication stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Underwater Acoustic Communication Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and the rise in focus on developing advanced technologies for underwater acoustic communication. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing expenditure on military and defense, as well as the growing investments from oil companies for drilling in the regional market.

Major market players included in this report are:
Shimadzu Corporation
Sonardyne International
Teledyne Technologies Incorporated
EvoLogics GmbH
Moog, Inc.

Recent Developments in the Market:
Ø In July 2022, Teledyne Technologies declared the acquisition of NL Acoustics- a Finland-based acoustics-based predictive maintenance solution provider. NL Acoustics specializing in advanced acoustic imaging instruments, which offers easy-to-use acoustic cameras that are used for predictive maintenance including locating faults, making production processes more efficient, and saving energy and costs.
Ø In March 2022, Sonardyne announced the introduction of a Deck Topside, which can acoustically test, load, interrogate and activate the acoustic release transponders, as well as initiation transponder 6 (IT 6).

Global Underwater Acoustic Communication Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Interface Platform, Communication Depth, Application, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Interface Platform:
Sensor Interface
Acoustic Modem
By Communication Depth:
Shallow Water
Medium Water
Long Water
Full Ocean
By Application:
Environmental Monitoring
Pollution Monitoring
Climate Monitoring
By End-User:
Oil & Gas
Military & Defense
Homeland Security
Scientific Research & Development
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Underwater Acoustic Communication Market, by Region, 2019-2029 (USD Billion)
1.2.2. Underwater Acoustic Communication Market, by Interface Platform, 2019-2029 (USD Billion)
1.2.3. Underwater Acoustic Communication Market, by Communication Depth, 2019-2029 (USD Billion)
1.2.4. Underwater Acoustic Communication Market, by Application, 2019-2029 (USD Billion)
1.2.5. Underwater Acoustic Communication Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Underwater Acoustic Communication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Underwater Acoustic Communication Market Dynamics
3.1. Underwater Acoustic Communication Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising need for reliable and secure communication in the defense and homeland security sectors Growing adoption of underwater acoustic modems in the oil & gas industry
3.1.2. Market Challenges Bandwidth limitation associated with underwater acoustic communication Security threat in underwater communication
3.1.3. Market Opportunities Increasing proliferation of 5G network for underwater communication Surging demand for environmental monitoring and seafloor mapping
Chapter 4. Global Underwater Acoustic Communication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Underwater Acoustic Communication Market, by Interface Platform
6.1. Market Snapshot
6.2. Global Underwater Acoustic Communication Market by Interface Platform, Performance – Potential Analysis
6.3. Global Underwater Acoustic Communication Market Estimates & Forecasts by Interface Platform 2019-2029 (USD Billion)
6.4. Underwater Acoustic Communication Market, Sub Segment Analysis
6.4.1. Sensor Interface
6.4.2. Acoustic Modem
Chapter 7. Global Underwater Acoustic Communication Market, by Communication Depth
7.1. Market Snapshot
7.2. Global Underwater Acoustic Communication Market by Communication Depth, Performance – Potential Analysis
7.3. Global Underwater Acoustic Communication Market Estimates & Forecasts by Communication Depth 2019-2029 (USD Billion)
7.4. Underwater Acoustic Communication Market, Sub Segment Analysis
7.4.1. Shallow Water
7.4.2. Medium Water
7.4.3. Long Water
7.4.4. Full Ocean
Chapter 8. Global Underwater Acoustic Communication Market, by Application
8.1. Market Snapshot
8.2. Global Underwater Acoustic Communication Market by Application, Performance – Potential Analysis
8.3. Global Underwater Acoustic Communication Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Underwater Acoustic Communication Market, Sub Segment Analysis
8.4.1. Environmental Monitoring
8.4.2. Pollution Monitoring
8.4.3. Climate Monitoring
8.4.4. Hydrography
8.4.5. Others
Chapter 9. Global Underwater Acoustic Communication Market, by End-User
9.1. Market Snapshot
9.2. Global Underwater Acoustic Communication Market by End-User, Performance – Potential Analysis
9.3. Global Underwater Acoustic Communication Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
9.4. Underwater Acoustic Communication Market, Sub Segment Analysis
9.4.1. Oil & Gas
9.4.2. Military & Defense
9.4.3. Homeland Security
9.4.4. Scientific Research & Development
9.4.5. Marine
Chapter 10. Global Underwater Acoustic Communication Market, Regional Analysis
10.1. Underwater Acoustic Communication Market, Regional Market Snapshot
10.2. North America Underwater Acoustic Communication Market
10.2.1. U.S. Underwater Acoustic Communication Market Interface Platform breakdown estimates & forecasts, 2019-2029 Communication Depth breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Underwater Acoustic Communication Market
10.3. Europe Underwater Acoustic Communication Market Snapshot
10.3.1. U.K. Underwater Acoustic Communication Market
10.3.2. Germany Underwater Acoustic Communication Market
10.3.3. France Underwater Acoustic Communication Market
10.3.4. Spain Underwater Acoustic Communication Market
10.3.5. Italy Underwater Acoustic Communication Market
10.3.6. Rest of Europe Underwater Acoustic Communication Market
10.4. Asia-Pacific Underwater Acoustic Communication Market Snapshot
10.4.1. China Underwater Acoustic Communication Market
10.4.2. India Underwater Acoustic Communication Market
10.4.3. Japan Underwater Acoustic Communication Market
10.4.4. Australia Underwater Acoustic Communication Market
10.4.5. South Korea Underwater Acoustic Communication Market
10.4.6. Rest of Asia Pacific Underwater Acoustic Communication Market
10.5. Latin America Underwater Acoustic Communication Market Snapshot
10.5.1. Brazil Underwater Acoustic Communication Market
10.5.2. Mexico Underwater Acoustic Communication Market
10.5.3. Rest of Latin America Underwater Acoustic Communication Market
10.6. Rest of The World Underwater Acoustic Communication Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Shimadzu Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. L3Harris
11.2.3. Ultra
11.2.5. Thales
11.2.6. Sonardyne International
11.2.7. Teledyne Technologies Incorporated
11.2.8. EvoLogics GmbH
11.2.9. Moog, Inc.
11.2.10. Nortek
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
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