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Underwater Acoustic and Optical Modems Market Overview
The report titled “Underwater Acoustic and Optical Modems Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global underwater acoustic and optical modems market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. This study covers an in-depth analysis of multiple market segments based on Type, Maximum Depth Rate, Frequencies, Interface, and Application across five regions covering 20+ countries.
Key insights associated with forecast factors for the market during the forecast period 2022-2028 have also been covered. The report also provides the impact of COVID-19 on the global and regional underwater acoustic and optical modems market in the short, medium, and longer-term for conservative, likely, and optimistic scenarios respectively.
Underwater Acoustic and Optical Modems Market Dynamics
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.
Researchers also use underwater modems to gather, quantify and monitor pollutants. These modems help to monitor the operations of oil and gas companies to determine how much undersea pollution they are contributing. These monitoring systems aim to detect climate change and mitigate ocean pollution. New opportunities are made possible by the expanding significance of acoustic communication in underwater research projects and applications for environmental protection. Acoustic systems are anticipated to outperform existing infrastructure in the following areas: underwater earthquake and tsunami warning, underwater pollution monitoring, and underwater habitat monitoring.
Many R&Ds worldwide are investigating the possibility of fifth-generation (5G) networks for underwater acoustic and optical modem technology networking as the need for fifth-generation wireless data transfer rises. The benefits of electromagnetic wave propagation for signaling, navigation, sensing, and terrestrial communication have been considered in terms of high potential data connectivity with 5G. An underwater audio communication quality evaluation model based on surface vehicle experimental work and simulation is being created under 5G network bandwidths to improve the quality of the channel and signal transmission.
Segmental Analysis
How does the potential demand for Wi-Fi acoustic modems impact Underwater Acoustic and Optical Modems Market?
In Wi-Fi acoustic modems, data can be wirelessly sent over water in subsea applications. For minor projects, wireless data transport is far less expensive than pricey underwater cabling. Applications like locating and communicating with AUVs or ROVs use underwater acoustic modems.
Why <1 MHz as a frequency is seen as an attractive segment?
Underwater modems primarily operate at low frequencies, i.e. < 1 MHz which restricts the available channel bandwidth and, consequently, the symbol rate. Significant multipath and doppler effects in the low-frequency acoustic channel limit the receiver's ability to receive signals of high quality.
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 anti-submarine 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.
COVID-19 Impact Analysis
In 2020, COVID-19 triggered a global health and economic disaster. Transportation and industrial activity have also seen significant slowdowns due to this. Furthermore, marine traffic has decreased significantly. According to NPR, an American non-profit media company sponsored both privately and publicly; the COVID-19 pandemic has put a strain on the world economy, with a considerable drop in marine traffic. Therefore, there was a significant drop in demand for underwater acoustic and optical modems globally due to this.
Countries all across the world, however, are becoming heavily reliant on digital technologies to combat the crisis. Due to a variety of applications such as production telemetry and control, riser monitoring, pipeline monitoring, corrosion monitoring, and seismic event monitoring, the need for underwater modems has increased significantly since the pandemic.
Key Questions Answered
i. Rising Underwater Exploitation Particularly in the Sea has surged the Demand for Underwater Acoustic and Optical Modems
ii. Growing Adoption of Underwater Acoustic Modems in Naval Defense
iii. Increasing Focus on Maritime Research to Monitor Underwater Pollution and Habitat
3. The aforementioned factors facilitate numerous growth opportunities for the global underwater acoustic and optical modems market which is poised to expand at a CAGR of more than 10% between 2022 and 2028.
Key Segments of Underwater Acoustic and Optical Modems Market
· Type
o Wi-Fi Acoustic Modems
o ZigBee Acoustic Modems
o Bluetooth Acoustic Modems
· Maximum Depth Rate
o <1000 m
o 1000 -2000 m
o 2000 - 4000 m
o >4000 m
· Frequencies
o <1 MHz
o 1 - 2 MHz
o 2 - 4 MHz
o >4 MHz
· Interface
o RS232 Levels
o USB
· Application
o Real Time Systems
o Previously Deployed Systems
o Others
· Region
Report Attribute/Metric
Details
Market Size
2028: ~ USD 272 Million
CAGR
~ 10.0% (2021-2028)
Base Year
2021
Forecast Period
2022 – 2028
Historical Data
2017 to 2021
Forecast Unit
Value (US$ Mn)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors and Trends
Segments Covered
Type, Maximum Depth Rate, Frequencies, Interface and Application
Geographies Covered
North America, Europe, Asia-Pacific, South America, and Middle East & Africa
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.
Key Market Opportunities
· Growing Demand for High-Speed and Reliable Homeland Security and Defense Communication
Key Market Drivers
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Recommendation and Analysis
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition & Scope
3. Market Background and Foundation Data Points
3.1. Global Underwater Communication Industry Outlook
3.2. Recent Developments in Underwater Acoustic and Optical Modems Market Segment
3.3. Regulatory Policies and Landscape
3.4. Market White Space Assessment and Opportunity Analysis
3.5. Key Market Trend Analysis
3.5.1. By Type
3.5.2. By Maximum Depth Rate
3.5.3. By Frequencies
3.5.4. By Interface
3.5.5. By Application
3.6. Development Patterns in Underwater Acoustic and Optical Modems Market
3.7. Competitive Scenario and Trends
3.7.1. Market Concentration Rate, by Region
3.7.2. List of Emerging, Prominent and Leading Players
3.7.3. Mergers & Acquisitions
3.8. Scenario Forecast for Demand
3.8.1. Optimistic Scenario
3.8.2. Likely Scenario
3.8.3. Conservative Scenario
3.9. Macro-Economic Factors
3.10. Market Dynamics
3.10.1. Market Driving Factors and Impact Assessment
3.10.2. Prominent Market Challenges and Impact Assessment
3.10.3. Market Opportunities
3.10.4. Challenges in Underwater Acoustic and Optical Modems
3.11. COVID-19 Impact on Market Value
3.11.1. Value Depreciation in 2021
3.11.2. Quarter-On-Quarter Impact and Recovery Assessment
3.12. Expected Demand Volume (Mn Units) and Value (US$ Mn) Recovery Curve
3.12.1. Likelihood of V-Shape Recovery
3.12.2. Likelihood of U-Shape Recovery
3.12.3. Likelihood of L-Shape Recovery
4. Global Underwater Acoustic and Optical Modems Market - Pricing Analysis
4.1. Regional Pricing Analysis by Maximum Depth Rate
4.2. Pricing Break-up
4.3. Global Average Pricing Analysis Benchmark
5. Global Underwater Acoustic and Optical Modems Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2028
5.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
5.2. Current and Future Market Value (US$ Mn) Projections, 2022-2028
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Type
6.1. Introduction / Key Findings
6.2. Historical Market Value (US$ Mn) Analysis by Type, 2017-2021
6.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Type, 2022-2028
6.3.1. Wi-Fi Acoustic Modems
6.3.2. ZigBee Acoustic Modems
6.3.3. Bluetooth Acoustic Modems
6.4. Market Attractiveness Analysis by Type
7. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Maximum Depth Rate
7.1. Introduction / Key Findings
7.2. Historical Market Value (US$ Mn) Analysis by Maximum Depth Rate, 2017-2021
7.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Maximum Depth Rate, 2022-2028
7.3.1. <1000 m
7.3.2. 1000 -2000 m
7.3.3. 2000 - 4000 m
7.3.4. >4000 m
7.4. Market Attractiveness Analysis by Maximum Depth Rate
8. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Frequencies
8.1. Introduction / Key Findings
8.2. Historical Market Value (US$ Mn) Analysis by Frequencies, 2017-2021
8.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Frequencies, 2022-2028
8.3.1. <1 MHz
8.3.2. 1 - 2 MHz
8.3.3. 2 - 4 MHz
8.3.4. >4 MHz
8.4. Market Attractiveness Analysis by Frequencies
9. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Interface
9.1. Introduction / Key Findings
9.2. Historical Market Value (US$ Mn) Analysis by Interface, 2017-2021
9.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Interface, 2022-2028
9.3.1. RS232 Levels
9.3.2. USB
9.4. Market Attractiveness Analysis by Interface
10. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Value (US$ Mn) Analysis by Application, 2017-2021
10.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Application, 2022-2028
10.3.1. Real Time Systems
10.3.2. Previously Deployed Systems
10.3.3. Others
10.4. Market Attractiveness Analysis by Application
11. Global Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028, By Region
11.1. Introduction / Key Findings
11.2. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
11.3. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
11.3.1. North America
11.3.2. Europe
11.3.3. Asia Pacific
11.3.4. South America
11.3.5. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis by Region
12. North America Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028
12.1. Introduction / Key Findings
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
12.4. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.1.3. Mexico
12.4.2. By Type
12.4.3. By Maximum Depth Rate
12.4.4. By Frequencies
12.4.5. By Interface
12.4.6. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By Maximum Depth Rate
12.5.4. By Frequencies
12.5.5. By Interface
12.5.6. By Application
13. Europe Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028
13.1. Introduction / Key Findings
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
13.4. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. Italy
13.4.1.3. France
13.4.1.4. Spain
13.4.1.5. UK
13.4.1.6. Rest of Europe
13.4.2. By Type
13.4.3. By Maximum Depth Rate
13.4.4. By Frequencies
13.4.5. By Interface
13.4.6. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Maximum Depth Rate
13.5.4. By Frequencies
13.5.5. By Interface
13.5.6. By Application
14. Asia Pacific Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028
14.1. Introduction / Key Findings
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
14.4. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
14.4.1. By Country
14.4.1.1. China
14.4.1.2. India
14.4.1.3. Japan
14.4.1.4. South Korea
14.4.1.5. Rest of Asia Pacific
14.4.2. By Type
14.4.3. By Maximum Depth Rate
14.4.4. By Frequencies
14.4.5. By Interface
14.4.6. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Maximum Depth Rate
14.5.4. By Frequencies
14.5.5. By Interface
14.5.6. By Application
15. South America Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028
15.1. Introduction / Key Findings
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
15.4. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
15.4.1. By Country
15.4.1.1. Brazil
15.4.1.2. Argentina
15.4.1.3. Rest of South America
15.4.2. By Type
15.4.3. By Maximum Depth Rate
15.4.4. By Frequencies
15.4.5. By Interface
15.4.6. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Maximum Depth Rate
15.5.4. By Frequencies
15.5.5. By Interface
15.5.6. By Application
16. Middle East and Africa (MEA) Underwater Acoustic and Optical Modems Market Analysis 2017-2021 and Forecast 2022-2028
16.1. Introduction / Key Findings
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
16.4. Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
16.4.1. By Country
16.4.1.1. GCC Countries
16.4.1.2. South Africa
16.4.1.3. Rest of MEA
16.4.2. By Type
16.4.3. By Maximum Depth Rate
16.4.4. By Frequencies
16.4.5. By Interface
16.4.6. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Maximum Depth Rate
16.5.4. By Frequencies
16.5.5. By Interface
16.5.6. By Application
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies (Underwater Acoustic and Optical Modems)
17.2. Market Concentration
17.3. Market Dashboard
17.4. Key Player Heat Map Analysis
18. Competition Analysis
18.1. Competition Benchmarking
18.2. Competition Deep Dive
18.2.1. Aquatec Group Ltd.
18.2.1.1. Overview
18.2.1.2. Product Portfolio
18.2.1.3. Regional Revenue
18.2.1.4. Segmental Revenue Breakup
18.2.1.5. Recent Development
18.2.1.6. SWOT analysis
18.2.2. BaltRobotics Sp.z.o.o.
18.2.3. Dspcomm (Thailand)
18.2.4. EvoLogics GmbH
18.2.5. Gavial Holdings, Inc.
18.2.6. Hydroacoustics, Inc.
18.2.7. Kongsberg Maritime
18.2.8. LinkQuest Inc.
18.2.9. Mistral Security Inc.
18.2.10. Nortek Security & Control LLC
18.2.11. Sonardyne International LTD
18.2.12. Teledyne Technologies Inc.
18.2.13. Thales Group
18.2.14. Ultra Electronics Ocean Systems Inc.
18.2.15. Other Key Players
19. Appendix
Published On:Aug 2022
Base Year:2021
Historical Data:2018-2020
No of Pages:250
Underwater Acoustic and Optical Modems Market Size...
RD Code : IT22