Global Underwater Acoustic Modem Market 2017-2021

Overview of the global underwater acoustic modem market

Research analysis on the global underwater acoustic modem market identifies the increasing adoption of underwater acoustic modems in naval defense to support communication system as one of the primary growth factors for this market. These systems are used in applications such as submarine communications; diver communications; and remote underwater monitoring, command, and control. The focus of the developed countries towards strengthening their naval defense force will increase the applications of the defense acoustic modems, which will propel the market’ growth. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 13% by 2021.

During 2016, the Americas contributed to the highest revenue to this market and this was mainly due to the increased spending by the region’s defense sectors on communication services. The US is the major market for underwater acoustic modems in this region, where the growing adoption of underwater communication networks in both the marine and naval defense sectors augments the market’s growth prospects.

Competitive landscape and key vendors

The market has the presence of few players and is concentrated. The vendors in the market compete mainly based on price, quality, brand, and variety. The leading vendor in the market are adopting strategy to acquire domestic players and this will help them gain a competitive advantage. The existing players are investing heavily on R&D to launch new products in the market.

The leading vendors in the market are -

• DSPComm
• EvoLogics
• LinkQuest
• Nortek AS

The other prominent vendors in the market are Ocean Innovations and Teledyne Marine.

Segmentation by propagation range and analysis of the underwater acoustic modem market

• Short-range
• Mid-range
• Long-range

During 2016, the short-range segment accounted for the major shares of this market. The signal loss in these devices is less and as a result, they are more effective than devices in the other segments. These devices are used to monitor, navigate, and communicate during marine operations and are also used by submarine warships for communication purposes. The growing adoption of such modems in the defense and marine sectors will be the major factor fueling the growth of the underwater acoustic modem market in this segment.

Segmentation by end- user and analysis of the underwater acoustic modem market

• Construction
• Oil and gas
• Defense

Owing to the rise in underwater defense activities, the defense segment will contribute to the highest revenue for this market. The defense sector uses these devices to communicate between submarines, during disaster relief, and to locate and navigate submarines under water. With countries around the globe focusing on strengthening their defense activities, the demand for acoustic modems will continue to increase in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global underwater acoustic modem market?
• What are the key market trends impacting the growth of the global underwater acoustic modem market?
• What are the challenges to market growth?
• Who are the key vendors in the global underwater acoustic modem market?
• What are the market opportunities and threats faced by the vendors in the global underwater acoustic modem market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global underwater acoustic modem market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global underwater acoustic modem market offers insights into the key trends and emerging drivers influencing the growth of the hardware and semiconductor industry. Our market research reports for the hardware and semiconductor also industry follow a reliable data collection methodology and offer an analysis of swiftly growing market segments like embedded systems.

By considering the market forecast and size, surging demand for various embedded systems products and services, the market research professionals at Technavio offer an all-inclusive picture of the global underwater acoustic modem market for the estimated period of 2017 to 2021. Additionally, our research practices help clients develop vigorous growth policies and keep pace with the constantly altering market landscape. This market study also offers a complete analysis of various embedded systems services based on the interpretation of the information grouped from specific resources such as channel partners and market stakeholders. This upcoming market research report on the global underwater acoustic modem market also covers vendors like Nortek International, EvoLogics GmbH, Teledyne Technologies Incorporated, Sonardyne, LinkQuest Inc, DSPComm, Loggerhead Instruments, and WSENSE.

This upcoming industry report on the global underwater acoustic modem market also considers the growth of the related embedded systems markets such as the discrete diode, which is expected to grow at a CAGR of around 5% during the forecasted period. According to our analysts, increase demand for high-speed data link for command and control functions and growing need to sense and explore the underwater world may influence the demand for underwater acoustic modems over the next few years. Furthermore, to offer clients the scope to identify probable market opportunities and expand in niche markets, this report on the global underwater acoustic modem market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global underwater acoustic modem market also offers insights into quick-growing segments within the hardware and semiconductor industry, including sectors like semiconductor equipment and computing devices. Furthermore, the report also offers insights into the changing competitive landscape and gives clients an accurate picture of the future direction of the industry.

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