[FURL=https://www.industryarc.com/Research/Underwater-Acoustic-Communication-Market-Research-505417?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Underwater Acoustic Communication Market[/FURL] size is projected to reach US$4.19 billion by 2026 and is estimated to grow at a CAGR 13.8% during the forecast period 2021-2026. Increasing adoption of underwater acoustic communication solutions by naval defense systems enabling reliable and safe communication is the key factor driving the underwater acoustic communication market.Key Takeaways
North America is estimated to dominate the market during2021-2026 owing to high investments in the defense sector and maritime research.
Environmental monitoring is analyzed to hold a major market share of 30% by 2026 due to the growth in environmental protection act.
Increasing adoption of an underwater acoustic communication system in naval defense and environmental monitoring is anticipated to drive the growth of Underwater Acoustic Communication Market during the forecast period 2021-2026
Bandwidth limitation is one of the major challenges impeding the market growth between 2021- and 2026.
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Underwater Acoustic Communication Market Segment Analysis- By Geography
By Geography, Underwater The Acoustic Communication market has been segmented under North America, Europe, APAC, South America, and Others. North America is estimated to account for the largest market share of 34%by 2026 with a CAGR of 10.6% owing to huge investments in the defense sector and maritime research. Increasing penetration of unmanned underwater vehicles in the US and Canada offering wide range of defense operations such as security, surveillance, anti-submarine warfare are stimulating the market. In January 2021, U.S. Office of Naval Research announced a contract of US$ 9.3 Million to Advanced Acoustic Concepts LLC to develop enabling technologies for unmanned underwater vehicle to detect and manipulate objects in deep ocean environment. Such government investments are driving the market in this region.
Underwater Acoustic Communication Market Drivers
Increasing penetration of underwater acoustic modems in naval defense
Rising demand for unmanned acoustic communication in environmental monitoring
Underwater Acoustic CommunicationMarket Landscape
Underwater Acoustic Communication top 10 companies include Thales Group, Teledyne Technologies Incorporated, Evologics GmbH, Tritech International Limited, Sonardyne International Ltd., G5 Scientific, LLC., Mistral, Inc., Gavial Holdings, Inc.AquaSent LLC., Nortek AS.
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