The "Underwater Acoustic Communication Market by Interface Platform, Communication Range, Application (Environmental Monitoring, Pollution Monitoring, Climate Recording, Hydrography, Oceanography), End User, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market is estimated to grow from USD 1.31 Billion in 2017 to USD 2.86 Billion by 2023, at a CAGR of 13.8% between 2017 and 2023.

The growing importance of reliable underwater security measures all over the world and increasing offshore oil & gas production are the key factors driving the growth of the underwater acoustic communication market.

North America held the largest share of the underwater acoustic communication market in 2017 and is expected to grow at the highest CAGR during the forecasted period. Owing to the growing security concerns in the US and Canada, these countries are using unmanned underwater vehicles (UUVs) for various defense operations such as anti-submarine warfare, security, and surveillance.

The limited speed of data transmission and delayed delivery rates due to the relatively slow speed of sound in water is expected to limit the growth of this market.

Market Dynamics

Drivers

  • Increasing Adoption of Underwater Acoustic Modems in Naval Defense
  • Growing Importance of Reliable and Secured Communication in Defense and Homeland Security End User

Restraints

  • Limited Speed of Data Transmission and Delayed Delivery Rates Due to the Relatively Slow Speed of Sound in Water

Opportunities

  • Growing Demand for Environmental Protection

Challenges

  • Availability of Limited Usable Frequency Band

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Underwater Acoustic Communication Market, by Interface Platform

7 Underwater Acoustic Communication Market, by Communication Range

8 Underwater Acoustic Communication Market, by Application

9 Underwater Acoustic Communication Market, by End User

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • Aquatec Group
  • Aquatic Sensor Network Technology
  • Baltrobotics
  • DPSComm
  • Evologics
  • G5 Scientific
  • Gavial Holdings
  • Hydroacoustic
  • JPanalytics
  • Kongsberg Gruppen
  • Linkquest
  • Mistral
  • Nortek
  • Proserv
  • RTSYS
  • Seagnal
  • Sonardyne International
  • Startup Ecosystem
  • Subnero
  • Teledyne Technologies
  • Thales Group
  • Tritech International
  • Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/research/4s3qdd/global_underwater?w=4