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Underwater Acoustic Communication - Global Market Trajectory & Analytics

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    Report

  • 382 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806210

Global Underwater Acoustic Communication Market to Reach $2.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Underwater Acoustic Communication estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 10.2% over the period 2020-2027. Sensor Interface, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acoustic Modem segment is readjusted to a revised 11.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $431 Million, While China is Forecast to Grow at 12% CAGR

The Underwater Acoustic Communication market in the U.S. is estimated at US$431 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$423.5 Million by the year 2027 trailing a CAGR of 12% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.

Other Interface Platforms Segment to Record 8.9% CAGR

In the global Other Interface Platforms segment, USA, Canada, Japan, China and Europe will drive the 8.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$145.6 Million in the year 2020 will reach a projected size of US$258.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 46 Featured)

  • Aquatec Group Ltd.
  • BaltRobotics Sp.z.o.o.
  • Dspcomm (Thailand)- EvoLogics GmbH
  • Gavial Holdings, Inc.
  • Hydroacoustics, Inc.
  • Kongsberg Maritime
  • LinkQuest Inc.
  • Mistral Security Inc.
  • Nortek Security & Control LLC
  • Sonardyne International LTD
  • Teledyne Technologies Inc.
  • Thales Group
  • Ultra Electronics Ocean Systems Inc.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Underwater Acoustic Communication

What is the estimated value of the Global Market for Underwater Acoustic Communication?

The Global Market for Underwater Acoustic Communication was estimated to be valued at $1.3 Billion in 2020.

What is the growth rate of the Global Market for Underwater Acoustic Communication?

The growth rate of the Global Market for Underwater Acoustic Communication is 10.4%, with an estimated value of $2.6 Billion by 2027.

What is the forecasted size of the Global Market for Underwater Acoustic Communication?

The Global Market for Underwater Acoustic Communication is estimated to be worth $2.6 Billion by 2027.

Who are the key companies in the Global Market for Underwater Acoustic Communication?

Key companies in the Global Market for Underwater Acoustic Communication include Aquatec Group Ltd., BaltRobotics Sp.z.o.o., Dspcomm (Thailand), EvoLogics GmbH, Gavial Holdings, Inc., Hydroacoustics, Inc., Kongsberg Maritime, LinkQuest Inc. and Nortek Security & Control LLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Crisis Derails the Momentum in Underwater Acoustic Communication Market
  • Despite Substantial Decline in the Short-Term, Long-Term Prospects Remain Optimistic
  • Impact of Pandemic on Underwater Sound Levels
  • Established Image as a Robust Platform for Sending & Receiving Messages Below the Water to Sustain Momentum in the Long-Term
  • A Note on Modulation Methods
  • Key Principles of Underwater Acoustic Communication
  • Major Factors Impacting Underwater Acoustic Communication
  • Types of Underwater Wireless Sensor Network Routing Topologies
  • Key Applications and End-Uses of Underwater Wireless Sensor Network Technology
  • Global Underwater Acoustic Communication Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Environmental Monitoring, Pollution Monitoring, Climate Recording, Hydrography, Oceanography, and Other Applications
  • Global Underwater Acoustic Communication Market by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Oil & Gas, Military & Defense, Homeland Security, Scientific Research & Development, and Marine
  • Analysis by Interface Type
  • Acoustic Modem: Largest & Fastest Growing Interface Type
  • Global Underwater Acoustic Communication Market by Interface Platform (2021 & 2027): Percentage Breakdown of Revenues for Sensor Interface, Acoustic Modem, and Other Interface Platforms
  • Sensor Interface Solutions Remain Relevant
  • While Developed Regions Constitute Major Revenue Contributors, Developing Regions Emerge as Hot Spots for Future Growth
  • World Underwater Acoustic Communication Market by Region (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Underwater Acoustic Communication Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Underwater Acoustic Communication: A Fragmented Marketplace
  • Vendors Resort to M&A, Collaborations & Product Innovations to Gain Competitive Edge
  • Recent Market Activity
  • Underwater Acoustic Communication - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Scientific Research & Development: Major End-Use Segment
  • Despite the Crushing Impact of COVID-19 Crisis, Oil & Gas Sector to Remain a Core Consumer
  • Sluggish Tide in Oil & Gas Sector Niggles Market Momentum
  • Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021
  • Percentage Breakdown of Worldwide E&P Capital Spending by Region and Type of Company for 2019
  • North American E&P Capital Spending in $ Billion by Type of Company (2017-2019)
  • Critical Importance of Underwater Communication in Offshore Environments Augurs Well for Future Growth
  • Acoustic Communication Streamlines Seismic Refraction & Reflection Techniques
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Breakdown of Global Oil Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
  • Global Subsea Systems Market in US$ Thousand: 2018-2025
  • Military & Defense Emerges as Fastest Growing End-Use Sector
  • Global Military Expenditure by Key Regions in US$ Million (2011-2019)
  • Active as well as Passive Acoustic Devices Remain Relevant in Military Systems
  • Fast Evolving Role of Unmanned Vessels Bodes Well
  • Disruptions in Military Training and Defense Budget Cuts Amidst the Pandemic
  • Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
  • Projected Defense Budget (In US$ Billion) for the Years 2021 and 2023
  • Military Expenditure as a % of GDP in Select Countries
  • Emergence of Environment Monitoring as Mainstream Concept Enthuses Market
  • Underwater Acoustic Communication Gains Traction in Climate Recording Applications
  • Oceanography: Niche Application Segment
  • Novel Opportunities Identified in Hydrography Survey Projects
  • Acoustic Communication Comes to Fore to Streamline Pollution Monitoring Programs
  • Robust Demand for Short- and Medium-Range Devices
  • Acoustic Communication Steps In to Simplify Harbor Monitoring
  • Acoustic Communication Gains Traction in Navigating Ships, Submersibles, & Oceanographic Equipment
  • Rain Gauging Made Effective with Acoustic Communication Devices
  • Acoustic Devices Enable Effective Communication between Scuba Divers
  • Recent Technological Developments in Underwater Acoustic Communication
  • Issues & Challenges
  • Limited Data Transmission Speed
  • Limited Frequency Band
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Underwater Acoustic Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Underwater Acoustic Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 3: World 11-Year Perspective for Underwater Acoustic Communication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Sensor Interface by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Sensor Interface by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 6: World 11-Year Perspective for Sensor Interface by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Acoustic Modem by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Acoustic Modem by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 9: World 11-Year Perspective for Acoustic Modem by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Other Interface Platforms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Other Interface Platforms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 12: World 11-Year Perspective for Other Interface Platforms by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Environmental Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Environmental Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 15: World 11-Year Perspective for Environmental Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Pollution Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Pollution Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 18: World 11-Year Perspective for Pollution Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Climate Recording by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Climate Recording by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 21: World 11-Year Perspective for Climate Recording by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Hydrography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Hydrography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 24: World 11-Year Perspective for Hydrography by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Oceanography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Oceanography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 27: World 11-Year Perspective for Oceanography by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 30: World 11-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 33: World 11-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 34: World Recent Past, Current & Future Analysis for Military & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 35: World Historic Review for Military & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 36: World 11-Year Perspective for Military & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 37: World Recent Past, Current & Future Analysis for Homeland Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 38: World Historic Review for Homeland Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 39: World 11-Year Perspective for Homeland Security by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 40: World Recent Past, Current & Future Analysis for Scientific Research & Development by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 41: World Historic Review for Scientific Research & Development by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 42: World 11-Year Perspective for Scientific Research & Development by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
  • Table 43: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 44: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2016 through 2019 and % CAGR
  • Table 45: World 11-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • The United States: Major Market for Underwater Acoustic Communication
CANADA
JAPAN
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Underwater Acoustic Communication Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 46

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aquatec Group Ltd.
  • BaltRobotics Sp.z.o.o.
  • Dspcomm (Thailand)
  • EvoLogics GmbH
  • Gavial Holdings, Inc.
  • Hydroacoustics, Inc.
  • Kongsberg Maritime
  • LinkQuest Inc.
  • Mistral Security Inc.
  • Nortek Security & Control LLC
  • Sonardyne International LTD
  • Teledyne Technologies Inc.
  • Thales Group
  • Ultra Electronics Ocean Systems Inc.