Global Underwater Acoustic Modems Market Size, Share, Growth Analysis, By Range(Shallow Water (Up to 350 Meters), Medium Range (Up to 1500 Meters)), By Application(Submarine Communications, Submarine Wireless Command) - Industry Forecast 2023-2030

Underwater Acoustic Modems Market size was valued at USD 1.78 billion in 2021 and is poised to grow from USD 1.92 billion in 2022 to USD 3.67 billion by 2030, growing at a CAGR of 8.3% in the forecast period (2023-2030).

Below the surface of the water, acoustic modems, also known as underwater modems, are used to transmit and receive data and voice communications. Digital signals are transformed via underwater modems into sound waves that may be transmitted underwater, enabling communication below the waves. Operating differently from how they do on dry ground, underwater modems modulate and demodulate communication signals. To increase the dependability of wireless data transfer beneath the waves, underwater modem makers are developing cutting-edge improvements. Underwater acoustic modems will experience rapid expansion over the course of the projection period as a result of the market's growing pace and ongoing research & development to create high-quality signal transmitters for seamless underwater communication.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Underwater Acoustic Modems Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The global underwater acoustic modems market is segmented based on type, application, industry, and region. Based on type, the market is segmented into shallow water (up to 350 meters), medium range (up to 1500 meters), long-range (up to 6000 meters), and full ocean range (up to 10000 meters). Based on application, the market is segmented into submarine communications, submarine wireless command, and control submarine data & file transfer. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

It is projected that the increase in global oil and gas mining will be the main factor driving revenue growth in the underwater acoustic modem industry.

The increase in global oil and gas mining, particularly in developing nations like Brazil, Russia, India, China, and South Africa, is predicted to be the main factor driving revenue growth in the underwater acoustic modem industry. For use with pipeline monitoring equipment, environmental monitoring equipment, and oceanographic sensors, these underwater acoustic modems are deployed in oil fields and processing facilities.

Restraint

Two significant constraints are the scarcity of resources and the high cost of production.

Due to their high price and high production costs, underwater acoustic modems are a particularly cost-sensitive industry, which will limit market growth over the study period.

Market Trends

It is now possible to use technologies like GPS and Wi-Fi below the water's surface thanks to the invention of underwater acoustic modems. Since modems are regularly used in damp conditions, corrosion causes rapid degeneration. Manufacturers are therefore developing corrosion-resistant acoustic modems. The hard-coat anodized aluminium composite enclosure of these acoustic modems protects them from the weather and extends their longevity. The ATM-925 from Teledyne's 920 Series is one such modem.

In order to connect anything from small kitchen appliances to submerged freight containers, the Internet of Things will utilise an increasing number of connected smart devices. Similar to how dolphins and whales have created these acoustic modems, examples of this may be found in underwater robots that use sonar to communicate with one another. These things will fuel consumer demand for underwater acoustic modems and fuel the market's expansion over the study period.