Global Underwater Modems Market Details, Key Players, Revenue and Growth Opportunities 2022 - 2030

The Global Underwater Modems Market was valued at US$ 2.09 Bn in 2021 growing at a CAGR of 14.3% over the forecast period (2022 - 2030). The rising need to improve quality of underwater communication is primarily driven by the growth of the global underwater modems market. The underwater acoustic modem is an essential and versatile underwater wireless modem popularly being used for underwater wireless communication. For instance, the Teledyne Benthos Underwater Acoustic Modems are used across the globe in subsea applications to transmit data wirelessly in the water. In addition, there is an upsurge in adoption of underwater acoustic modems in naval defense owing to the increasing significance of safe and effective communication in defense and homeland security. This has boosted the growth of the global underwater modems market. However, the number of factors such as slow speed of sound in water, considerably high cost of underwater modems, reduced data transmission speed, and delayed delivery times are anticipated to hamper the growth of the market to some extent during the forecast period.

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On the contrary, flourishing maritime transportation industry along with ongoing developments in the underwater modems market is expected to create lucrative growth opportunities for the market growth. For instance, in October 2020, Hydromea, the Subsea-technology company launched LUMA X, the new subsea wireless communication modem. This solution is projected to enable the real-time streaming of 4K images and HD-quality video wirelessly through water and it allows the operators to monitor its interventions from the control rooms onshore. Underwater modems are typically used across the subsea applications for the purpose of transmitting data wirelessly through water. These systems help in making underwater communication possible by converting digital signals into special sound signals that can be transmitted underwater. Underwater modems are used in a variety of applications for data gathering associated with the marine industry.

The COVID-19 has caused a global health and economic crisis in the year 2020. This has also led to unprecedented slowdowns in transportation and industrial activities. In addition, the marine traffic has considerably declined. For instance, according to the NPR, an American privately and publicly funded non-profit media organization, the COVID-19 pandemic has depressed the global economy with significant decline in marine traffic. However, the countries across the world are strongly relying on digital technologies to fight this crisis. Post pandemic period, the demand for underwater modems market is further boosting due to a number of applications such as production telemetry and control, riser monitoring, pipeline monitoring, corrosion monitoring, and seismic event monitoring.

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Some of the Key Players Operating in the Global Underwater Modems Market include: 
Aquatec Group Ltd.
Beringia Enterprises LLC
Blue Robotics Inc
CSignum Ltd
EvoLogics GmbH
LinkQuest, Inc.
Nortek AS
Sonardyne
Subnero Pte. Ltd.
Teledyne Marine
Tritech International Limited
Other Market Participants

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Key Insights of the Report:
The report provides key statistics on the market status of the Underwater Modems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The report presents the company profile, product specifications, capacity, production value, and 2022-2030 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2030 market development trends of Underwater Modems industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
The report makes some important proposals for a new project of Underwater Modems Industry before evaluating its feasibility.

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Global Underwater Modems Market Segmentation:

By Offering
Products
Services

By End-User
Aquaculture/Fisheries
Hydrography/Navigation
Civil Engineering
Defence and Security
Oil and Gas
Energy and Utilities
Others

By Sales Channel
Direct
Indirect

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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