Underwater Communication Systems Market Expected to Reach $9.2 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Underwater Communication Systems Market" was valued at $3.3 billion in 2021, and is estimated to reach $9.2 billion by 2031, growing at a CAGR of 11.1% from 2022 to 2031.

Underwater communication systems is the practice of communicating underwater using sound waves is known as underwater acoustic communication. There are various ways to use this type of communication, but hydrophones are by far the most popular. Due to issues like multi-path propagation, time variations in the channel, a limited amount of accessible bandwidth, and significant signal attenuation, particularly over long distances, underwater communication is challenging. Underwater communication employs acoustic waves rather than electromagnetic waves, which results in lower data rates than terrestrial communication. Data may be wirelessly dispatched to the ocean or different marine environments by the use of underwater acoustic modems. The army can observe, navigate, and speak underwater due to underwater modems. The improvement of underwater models, additionally referred to as acoustic models, has made it feasible to rent technology, like GPS and Wi-Fi underneath the water’s surface. To clear up the demanding situations concerned within the underwater propagation of information-bearing signals, scientists and researchers are engaging in giant studies. Underwater communication structures need to be dependable and feature a big potential for underwater communication.

Furthermore, increase in adoption of underwater communication in navel defense, increase in autonomous underwater vehicles, and surge in need of scientific exploration and data collection are the key factors that drive the growth of the global underwater communication systems market. However, limited speed of data transmission and delayed delivery rates due to the relatively slow speed of sound in water is expected to hinder the growth of the market. Additionally, rise in demand for environmental protection is expected to offer remunerative opportunities for expansion during the underwater communication systems market forecast.

Depending on the component, the hardware segment dominated the underwater communication systems market share in 2021 and is expected to continue this trend during the forecast period, owing to increase in cloud based information theft and project risks in navel defense for protection and safety purpose. However, software is expected to contribute significant growth in underwater communication systems market.

Region-wise, the underwater communication systems market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the widespread deployment of management systems to monitor attacks on mission-critical communication networks aiding the growth of the underwater communication systems market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the increase in focus of companies on medium-range shallow water communication for scientific R&D and oil & gas exploration are the key factor that propel the growth of Asia-Pacific region.

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry's growth during the forecast period. In addition, it delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. COVID-19 restrictions and lockdowns have impacted the AUV supply chain. The underwater communication systems market contributes to the growth of important markets in both the commercial and military sectors, resulting in increased activity in areas ranging from research to AUV manufacturing and operation. Furthermore, underwater communication systems improve operational safety, aid in drilling and subsea construction, reduce the environmental impact of inspection operations, and reduce personnel deployment.

KEY FINDINGS OF THE STUDY

• By component, the hardware segment dominated the underwater communication systems industry in 2021. However, the software segment is expected to exhibit significant growth during the forecast period.
• On the basis of application, the environment monitoring segment dominates the underwater communication systems market in 2021. However, hydrography segment is expected to exhibit significant growth during the forecast period.
• By end user, the scientific research and development segment dominates the underwater communication systems market in 2021. However, marine segment is expected to exhibit significant growth during the forecast period.
• Region-wise, the underwater communication systems market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

The key players profiled in the underwater communication systems market analysis are Thales, Teledyne Maine, Ultra Electronic Holding Plc, Undersea System International Inc., Sea and land Technology Pte ltd., EvoLogics GmbH, Kongsberg, L3Harris Technology Inc., and Saab AB. These players have adopted various strategies to increase their market penetration and strengthen their position in the underwater communication systems industry.