A recent report published by Infinium Global Research on underwater wireless communication market provides an in-depth analysis of segments and sub-segments in the global as well as regional underwater wireless communication market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional underwater wireless communication market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global underwater wireless communication market. According to the report, the global underwater wireless communication market is projected to grow at a CAGR of xx% over the forecast period of 2019-2025.
Underwater wireless communications play a vital role in marine activities such as environmental monitoring, underwater exploration, and scientific data collection. Underwater communication has a wide range of applications including remotely operated vehicle and autonomous underwater vehicle communication and docking in the offshore industry.
The global security environment is changing rapidly. Global maritime forces are turning to technology and modernization to address the growing number of increasingly complex demands to conduct surveillance, and maintain security and stability. By using underwater wireless communications system, military submarines, wouldn’t need to surface to communicate with airplanes, compromising their location. This is anticipated to increase the adoption of underwater wireless communication in naval defense. In addition, a strong focus on naval security and increasing funding for strengthening security due to rising security concerns in several countries such as the U.S., China, India and South Korea are driving the growth of the underwater wireless communications market. Furthermore, the growing importance of reliable and secured communication in oceanic research also fuels the growth of the market. However, the existing underwater wireless communication technologies can be used only for short-range applications and the economic slowdown in major economies have reduced defense spending. These factors are likely to restrain the growth of the market. Moreover, increasing research and development on bringing upgradations in the existing products and the rising demand for environmental protection is expected to generate beneficial growth opportunities for the underwater wireless communications market.
Among the regions, North America is anticipated to hold the largest share in the global underwater wireless communications market. The U.S. is the key country that contributes to the largest revenue in the North America underwater wireless communications market as it is one of the leading countries in the defense sectors. In addition, favorable government funding for the U.S. companies that manufacture commercial and naval systems and other equipment contributes to the growth of the underwater wireless communications market. Furthermore, Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to the rising geo-political tensions in several Asian countries.
The report on the global underwater wireless communication market covers segments such as technology, application, and end-user. On the basis of technology, the sub-markets include sensor technology, and vehicular technology. On the basis of application, the sub-markets include environmental monitoring, pollution monitoring, ocean current monitoring, and climate recording. On the basis of end-user, the sub-markets include oil and gas, and defense.
The report provides profiles of the companies in the market such as SAAB AB, Fugro N.V., Kongsberg Gruppen, EvoLogics GmbH, Teledyne Technologies Incorporated, Subnero Pte Ltd, Sonardyne International Ltd., DSPComm, AquaSeNT LLC., Nortek AS, Brüel & Kjær Sound & Vibration Measurement A/S, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of underwater wireless communication market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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