Underwater Wireless Communication Market, 2017 - 2022
Summary
Underwater wireless communication
network
provides support and differentiated services for applications such as real-time
monitoring, surveillance, communication tools for UAV and weather forecasting.
With the increase in off-shore oil & gas industry, monitoring pollution in
water environment, collection of data from the bottom of the sea, detection of
new objects, and transmission of data between the ships have become crucial and
require proper communication. Over the past two decades, heavy cables are being
used to establish a high-speed communication channel between the remote source
and the surface. This has got many shortcomings which include cost and
durability. To overcome these problems, the necessity of underwater wireless
communication is proving vital.
Market Analysis:
The Underwater Wireless Communication market is estimated to witness a CAGR of 18.5% during the forecast period 2016–2022. The market is analysed by interface platforms, applications, and regions. Transition to wireless communication could help to reduce the risks, cost, and improve the production. Real-time monitoring, surveillance, & detecting (earthquake and tsunami) are some of the key factors driving the market.
Regional Analysis:
In terms of regional market analysis, the report is segmented into the Americas, Europe, Asia Pacific, and Middle East & Africa; along with the analysis of major countries in each region. The Americas is set to be the leading region for the underwater wireless communication market growth followed by Europe. Asia Pacific is known for improvements in industries and project & programs by governments (India and China). MEA is set to be the emerging region with a lot of opportunities and is expected to reach $165.5 million by 2022.
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Key Players:
DSPComm, SONARDYNE, Subnero Pte. Ltd., Teledyne Technologies Incorporated, EvoLogics GmBH, Kongsberg Gruppen, Furgo, and Saab AB.
Competitive Analysis:
Underwater wireless communication market offers tremendous business opportunities for service providers. Lot of small pure-players are growing in the industry with their specific expertise and are attracting attention from large players to collaborate and provide various novel applications and services. With the development of their expertise and support of large players, these players are expected to change the industry dynamics, resulting in double-digit growth for themselves in parallel.
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