Absolute Market Insights recent analysis of the Underwater Modems Market finds that the increasing demand from the The rising need to improve quality of underwater communication is primarily driven by the growth of the global underwater modems market. is expected to witness maximum growth in the Underwater Modems Market during the forecast period. The global Market revenue stood at a value USD 2.09 Bn in the year 2021.
Market Synopsis
The underwater acoustic modem is an essential and versatile underwater wireless modem popularly being used for underwater wireless communication.
Underwater Modems Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Underwater Modems Market is predicted to grow at a CAGR of roughly 14.30% during the forecast period.
- On the basis of region, is projected to dominate the worldwide Underwater Modems Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Underwater Modems Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Teledyne Benthos Underwater Acoustic Modems are used across the globe in subsea applications to transmit data wirelessly in the water.There is an upsurge in adoption of underwater acoustic modems in naval defense owing to the increasing significance of safe and effective communication in defense and homeland security.
Restraint:
The number of factors such as slow speed of sound in water, considerably high cost of underwater modems, reduced data transmission speed, and delayed delivery times are anticipated to hamper the growth of the market to some extent during the forecast period.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Underwater Modems Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Growth of North American region is mainly driven by increasing usage of unmanned underwater vehicles (UUVs) in the U.S. and Canada for a number of defense operations such as anti-submarine warfare, surveillance, and security. In addition, this region is seeing huge investments in the defense sector as well as maritime research. For instance, in January 2021, U.S. Office of Naval Research signed a contract of $ 9.3 Million with Advanced Acoustic Concepts LLC, a joint venture between Leonardo DRS and Thales Defense & Security to develop technologies for unmanned underwater vehicle to manipulate and detect objects in deep ocean environment. Such investments in maritime research in the U.S. are expected to create lucrative growth opportunities for the market. However, the Asia-Pacific region is anticipated to witness highest growth rate during the forecast period in the global underwater modems market.
List of Prominent Players in Underwater Modems Market:
- Aquatec Group Ltd.
- Beringia Enterprises LLC
- Blue Robotics Inc
- CSignum Ltd
- EvoLogics GmbH
- KONGSBERG
- LinkQuest, Inc.
- Nortek AS
- Sonardyne
- Subnero Pte. Ltd.
- Teledyne Marine
- Tritech International Limited
- Underwater Wireless Modem & Communication Devices
- Water Linked AS
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Underwater Modems Market?
- How will the Underwater Modems Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Underwater Modems Market?
- What is the Underwater Modems Market drivers and restrictions?
- What will be the CAGR and size of the Underwater Modems Market throughout the forecast period?
This market titled Underwater Modems Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Offering
- Products
- Short and Mid-Range,
- Long-Range
- Services
- Implementation Services,
- Consulting and Advisory Services,
- Training and Support Services,
- Others
- Products
- By End-User
- Aquaculture/Fisheries,
- Hydrography/Navigation,
- Civil Engineering,
- Defence and Security,
- Oil and Gas,
- Energy and Utilities,
- Others
- By Sales Channel
- Direct,
- Indirect
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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