[138 Pages Report] The underwater acoustic communication market is expected to grow from 1.15 Billion in 2016 to 2.86 Billion by 2023, at a CAGR of 13.8% during the forecast period. The base year for the study is 2016, and the market size is given for the period between 2017 and 2023.

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 Moreover, there is an increasing demand for reliable, high-capacity underwater acoustic networks because of large volume of research conducted over the past decade to overcome difficulties in the propagation of information bearing signals through shallow water regions. ​​​​​​​

Browse 61 market data Tables and 37 Figures spread through 138 Pages and in-depth TOC on  "Underwater Acoustic Communication Market - Global Forecast to 2023"
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Underwater acoustic communication  market for the environmental monitoring application to hold the largest market share in 2017

Environmental monitoring is useful in supervising the potential of terrestrial and nearshore environments on onshore construction activities. Various unmanned underwater vehicles are equipped with underwater acoustic modems. The oil and gas industry is expected to be widely grown under the influence of environmental monitoring.

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Underwater acoustic communication  market for oil & gas industry to grow between 2017 and 2023

The oil & gas sector plays a vital role in any country's economy. Companies have to take responsibility for pollution and their impact on environment. Accidental oil release, pipeline breakage, and toxic release in water pose a serious threat to the environment. Hence, the oil and gas industry is widely used in the environment.

North America held a major share of the underwater acoustic communication market in 2017

These countries are using unmanned underwater vehicles (UUVs) for various defense operations such as anti-submarine warfare, security, and surveillance. Moreover, these UUVs are used for data collection and inspection of pipelines and other subsea equipment. Thus, the increasing applicability of UUVs in the defense and commercial sectors is anticipated in North America.

This report provides valuable insights into the ecosystem of underwater acoustic communication. Teledyne Technologies (US), Kongsberg Gruppen (Norway), Thales Group (France), Ultra Electronics (UK), Sonardyne International (UK), Evologics (Germany), DSPComm (Australia), Mistral (US), Nortek (Norway), Aquatec Group (UK), Baltrobotics (Poland), Tritech International (UK), Gavial Holdings (US), Hydroacoustic (US), LinkQuest (US), AquaSent (US), Proserv (UK), Subnero (Singapore), RTSys ( Caudan), G5 Scientific (US), JPAnalytics (US), Seagnal (France) are the major players in the underwater acoustic communication market.

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