Underwater Acoustic Communication Market Key Insights, Demand Analysis, Industry Drivers And Outlook By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Underwater Acoustic Communication Global Market Report 2023 identifies rising demand for environmental protection as the major driver for the underwater acoustic communication market's growth in the forecast period. Environmental protection refers to efforts and actions taken to conserve and preserve the natural environment, prevent pollution, and promote sustainable practices to safeguard the Earth's ecosystems and resources. Underwater acoustic communication helps by supporting conservation efforts and promoting sustainable practices in aquatic environments, such as underwater noise monitoring and marine protected area (MPA) management.

The global underwater acoustic communication market size is expected to grow from $1.90 billion in 2022 to $2.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of underwater acoustic communication market is expected to reach $3.44 billion in 2027 at a CAGR of 12.4%.

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Major competitors in the underwater acoustic communication market are Thales Group, L3Harris Technologies Inc., Teledyne Technologies Inc., Saab AB, Moog Inc., Ultra Electronics Ocean Systems Inc.

A key trend in the underwater acoustic communication market includes adoption of new technologies. Major companies operating in the underwater acoustic communication market are adopting new technologies to sustain their position in the market. For instance, in March 2022, Kongsberg Maritime, a Norway-based maritime technology company, launched cNODE MiniS transponder. The new transponder units are primarily intended for placing ROVs, AUVs, and towed bodies. They are also well suited for activities requiring additional depth data or depth assisting, such as detecting subsea structures. It is especially suitable for windfarm installation assistance applications. The 100m-rated unit is appropriate for windfarm installation, and the 1,000m- and 4,000m-rated devices are ideal for subsea construction, deep-water research, towfish tracking, and AUV missions.

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The underwater acoustic communication market is segmented -
1) By Interface Platform: Sensor Interface, Acoustic Modem, Other Interface Platforms

2) By Communication Depth: Shallow Water, Medium Water, Long Water, Full Ocean

3) By Application: Environmental Monitoring, Pollution Monitoring, Climate Recording, Hydrography, Oceanography, Other Applications

4) By End-User: Oil And Gas, Military And Defense, Scientific Research And Development, Homeland Security, Marine

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the underwater acoustic communication market.

The Business Research Company's "Global Underwater Acoustic Communication Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Underwater Acoustic Communication Market Include:
1. Executive Summary
2. Underwater Acoustic Communication Market Characteristics
3. Underwater Acoustic Communication Market Trends And Strategies
4. Underwater Acoustic Communication Market - Macro Economic Scenario
………
32. Global Underwater Acoustic Communication Market Competitive Benchmarking
33. Global Underwater Acoustic Communication Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Underwater Acoustic Communication Market
35. Underwater Acoustic Communication Market Future Outlook and Potential Analysis
36. Appendix

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