Underwater Modems Market
Underwater Modems Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0267
Segments Covered
By
Type Short Range(1000m), Mid Range (2000m), Long Range (6000m)
-
By
Application Oil and Gas Industry, Construction Industry, Defense Industry, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
47.2 Million |
 Revenue 2028:
|
119.39 Million |
 Revenue CAGR
(2021 - 2028): |
12.3 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into Short Range(1000m), Mid Range (2000m), Long Range (6000m). Performance tailored tougheners Coupling held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Performance tailored tougheners Coupling
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Underwater Modems
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and Gas Industry, Construction Industry, Defense Industry, Other. Chemical Industry held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Underwater Modems in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Underwater Modems Market: Type Segment Analysis
-
- Short Range(1000m)
- Mid Range (2000m)
- Long Range (6000m)
Global Underwater Modems Market: Application Segment Analysis
-
- Oil and Gas Industry
- Construction Industry
- Defense Industry
- Other
FAQ
Frequently Asked Question
What is the global demand for Underwater Modems in terms of revenue?
-
The global Underwater Modems valued at 47.2 Million in 2020 and is expected to reach 119.39 Million in 2028 growing at a CAGR of 12.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Nortek AS, EvoLogics GmbH, DSPComm, Ocean Innovations, Teledyne Marine, Aquatec, LinkQuest, Subnero Pte..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Underwater Modems include
- The increasing adoption of underwater acoustic modems in naval defense to maintain communication systems these systems are utilized submarine communications; diver communications; and remote underwater monitoring, command, and administration is driving the demand for underwater modems market.
- The increasing research and development activities and experiments on underwater communications and networks is driving the growth of the underwater modems market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Underwater Modems in 2020.
