Construction & Industrial

According to a market report by Lucintel, the future of the underwater acoustic device market looks promising with opportunities in the oil & gas, military & defense, homeland security, scientific research & development, and marine sectors. The global underwater acoustic device market is expected to reach an estimated $3.8 billion by 2028 with a CAGR of 12.5% from 2023 to 2028. The major drivers for this market are increasing underwater exploration activities, growing application of acoustic modems in oil and gas sector, and escalating need for this device among defense and homeland security for secure and dependable underwater communication.



In this market, sensor interface and acoustic modem are the two major interface platform segments. Lucintel forecasts that acoustic modem is expected to witness a higher growth over the forecast period due to its increasing use in naval defense application for command and control, diver communication, remote underwater surveillance, and submarine communication functions.



Within this market, scientific research & development is expected to remain the largest end use industry segment due to the constant need for research and improvement in underwater acoustic communication technologies to solve underwater communication issues.



North America will remain the largest region due to the increasing use of this technology in military and defense applications to power autonomous underwater vehicles in the region.

Teledyne Technologies Incorporated, KONGSBERG, Thales, L3Harris, and Ultra are the major suppliers in the global underwater acoustic device market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global underwater acoustic device market by interface platform, communication depth, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Underwater Acoustic Device Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global underwater acoustic device market by interface platform, communication depth, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global underwater acoustic device market by interface platform (sensor interface, acoustic modem, and others), communication depth (shallow water, medium water, long water, and full ocean), application (environmental monitoring, pollution monitoring, climate monitoring, hydrography, oceanography, and others), end use industry (oil & gas, military & defense, homeland security, scientific research & development, and marine), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?