Underwater Acoustic and Optical Modems Market is reported at USD 272 Million in 2028 by Research Informatic
The Global Underwater Acoustic and Optical Modems Market is reported at USD 272 Million in 2028, projected to grow at a CAGR of 10.0% during the forecast period.
The global underwater acoustic and optical modems market has experienced numerous innovations and disruptions during the historical period. In particular, the defense industry makes substantial use of underwater modem technologies. This technology has established a reputation for data and information transmission in several military applications in an underwater environment. Only a few applications include remote underwater monitoring, command and control, diver communications, and submarine communications.
Key Players Analyzed
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 and Ultra Electronics Ocean Systems Inc.
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Regional Analysis
During the forecast period, North America is expected to have the greatest share of the underwater acoustic communication market. Due to growing security concerns in these countries, the US and Canada are using unmanned underwater vehicles (UUVs) for various defense activities such as antisubmarine warfare, security, and surveillance. As a result, the market in North America is expected to increase due to the rising applicability of UUVs in the defense and commercial sectors. However, in the forecast period, the Asia Pacific region is expected to record the fastest growth rate. This is due to the rising presence and implementation of technology in the region.
Competitive Landscape
Key players in the global underwater acoustic and optical modems market are focusing on continuous product innovation and commercialization of modems. For instance, in 2020, Hydromea launched the advanced wireless underwater optical modem LUMA X. It is a new advanced wireless underwater optical modem. With a 120° cone, the LUMA X can beam data at up to 10 Mbit/s utilizing light. According to the company, this allows for real-time broadcasting of HD-quality video and 4K photos across the water, allowing operators of autonomous underwater vehicles to monitor their operations from control centers on land.
The underwater acoustic and optical modems market is seen as a consolidated market, backed by tier-1 players who account for more than 50% of the global revenue. However, the emergence of new players is expected to further result in market share distribution at the regional level. Prominent players in the market include 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 and Ultra Electronics Ocean Systems Inc.
based on a variety of criteria such as growth size, benefits strategies, technical advances, and changing consumer inclinations, to name a few.
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