The global underwater acoustic communication market size is expected to reach USD 5.64 billion by 2032, according to a new study by Polaris Market Research. The report “Underwater Acoustic Communication Market Share, Size, Trends, Industry Analysis Report, By Interface Platform (Sensor Interface, Acoustic Modem); By Application; By Communication Depth, By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Countries are increasing Naval defense budget spending owing to the global border disputes and security. Developing countries are increasing their Naval defense spending. The Indian budget for defense research and development (R&D) is up 17.6 percent from 2021–2022 levels. A quarter of the R&D budget is allocated to business, startups, and academic institutions. This funding, which is intended to support innovation and localization, is also a positive development. This will fuel the demand for underwater acoustic communication products for security reasons.
The most efficient work of maritime technology is underwater acoustic communication, which also plays a crucial supporting role in military operations and underwater observation missions. The most common and oldest underwater wireless communication method is underwater acoustic technology. The complexity of underwater acoustic channels, the underwater environment, and other issues combined with the rising demand for development severely limit the underwater acoustic communication's ability to communicate at speeds, distances, and with stability.
As the need for ocean development increases, research into underwater acoustic communication (UAC) networks is growing tremendously. Communication Underwater Using 5G Network, increasing demand for environmental monitoring and mapping of the seafloor are key driving factors for the growth of the market in upcoming years.
Underwater acoustic communications are a fast-expanding area of engineering and research due to the expansion of applications that call for underwater data transmission without wired connections. Increasing adoption of underwater acoustic communication by various end-users for exploration, security, and surveillance is one of the factors projected to propel market expansion over the course of the forecast period.
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Autonomous underwater vehicles have also been used to detect aircraft that have crashed as well as execute crash investigation. The discovery of the Titanic's debris and of hydrothermal vents in the deep ocean was made possible by the advancement of communication technologies. These methods are used to find underwater objects that help with mapping and discovery. They are also incredibly trustworthy for rescue operations.
Underwater Acoustic Communication Market Report Highlights
Polaris Market Research has segmented the Underwater Acoustic Communication Market report based on interface platform, application, communication depth, end user and region:
Underwater Acoustic Communication, Interface Platform, Outlook (Revenue - USD Billion, 2019 - 2032)
Underwater Acoustic Communication, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Underwater Acoustic Communication, Depth Outlook (Revenue - USD Billion, 2019 - 2032)
Underwater Acoustic Communication, End User Outlook (Revenue - USD Billion, 2019 - 2032)
Underwater Acoustic Communication, Regional Outlook (Revenue - USD Billion, 2019 - 2032)