Global Underwater Wireless Communication Market Share 2021 Growth Challenges, Opportunities and Future Trends 2027

The global underwater wireless communication market is expected to grow at a significant CAGR during the forecast period (2021-2027). Several industries near the coast have deployed an underwater wireless communication network to provide support services for maritime applications. The demand for monitoring pollutants in the aquatic environment and identification of things under the sea has raised the scope of the underwater wireless communication market, owing to an increase in offshore oil and gas companies. Underwater wireless communication has a variety of uses in the aerospace and marine industries. Underwater wireless communication is a dependable source for high-level operational processes. Most firms prefer underwater wireless communication as it provides great throughput at little power.

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The cost and durability of installing heavy cables to create high-speed communication between the remote source and the surface have disadvantages, which in turn, is driving the demand for underwater wireless communication. Owing to their capacity of providing support and specialized services for a variety of applications, such as surveillance and real-time monitoring for pollution, environment, ocean currents, and climate, underwater wireless communication networks are becoming more widely deployed across the world. Governments all across the world are investing money into developing and improving marine communication infrastructure. As a result, the global underwater wireless communication market is expected to grow significantly during the forecast period. These networks are utilized in a variety of industries, such as oil and gas, maritime, and military and defense. As governments are increasing their investments in the defense industry, the military and defense segment is expected to account for a major share in the market. Oil and gas will also be prominent revenue holders in the market. The expanding onshore and offshore exploration efforts are supporting the growth of the segment.

Market Coverage

· The market number available for – 2020-2027

· Base year- 2020

· Forecast period- 2021-2027

· Segment Covered

· Regions Covered- Globally

· Competitive Landscape: Kongsberg Gruppen ASA, Teledyne Technologies Inc., and Sonardyne Group Ltd., among others.

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Global Underwater Wireless Communication Market Report Segmentation

By Technology

• Sensor Technology

• Vehicular Technology

By Application

• Environmental Monitoring

• Pollution Monitoring

• Ocean Current Monitoring

• Climate Recording

By End-User

• Oil and Gas

• Defense

Global Underwater Wireless Communication Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

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