Asia Pacific Underwater Communication System Market Size, Share & Industry Trends Analysis Report By Component (Hardware, Software, and Services), By Application, By End User, By Connectivity (Wireless and Hardwired), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Underwater Communication System Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
The proliferation of underwater communication systems has been largely attributed to an increase in defense expenditure by various nations. Furthermore, defense spending has increased all over the world as a result of threats and concerns over disputed areas, and security issues. For safety and dependability, the naval defense system mainly relies on underwater communication. The military employs it to track intruders and conduct underwater surveillance. Positional data is commonly transmitted by underwater, marine, and underwater communication systems for tracking, mapping, and inspection.
They can also command UUVs and convey video data. Access to a wide range of underwater applications that may require bi-directional, high bandwidth, low latency, and wireless communication links is made possible by using intelligent nodes on the bottom to communicate with autonomous underwater vehicles. To conduct complex autonomous tasks underwater, subsea drones need to exchange positioning data.
The modernization of defense services and the development of defense security infrastructure, including the border road infrastructure as well as coastal security infrastructure, have received additional incentives as a result of the Union Budget for Financial Year 2022–23. According to the India Ministry of Defense, a total expenditure of Rs 39.45 lakh crore is planned in the Union Budget 2022–23. With the rising expenditure on the defense sector in regional countries, the adoption of novel technologies, including the underwater communication system, would also increase.
The China market dominated the Asia Pacific Underwater Communication System Market by Country in 2021; thereby, achieving a market value of $437.6 million by 2028. The Japan market is experiencing a CAGR of 9.9% during (2022 - 2028). Additionally, The India market is exhibiting CAGR of 11.2% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Environmental Monitoring, Climate Monitoring, Hydrography, Oceanography, Pollution Monitoring, and Others. Based on End User, the market is segmented into Scientific Research & Development, Marine, Military & Defense, Oil & Gas, and Others. Based on Connectivity, the market is segmented into Wireless and Hardwired. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Kongsberg Group, Saab AB, L3Harris Technologies, Inc., Teledyne Technologies, Inc., Ultra-Electronics Holdings plc, Sonardyne International Ltd., DSPComm, Undersea Systems International, Inc. and Sea and Land Technologies Pte Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Environmental Monitoring
- Climate Monitoring
- Pollution Monitoring
By End User
- Scientific Research & Development
- Military & Defense
- Oil & Gas
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- Kongsberg Group
- Saab AB
- L3Harris Technologies, Inc.
- Teledyne Technologies, Inc.
- Ultra-Electronics Holdings plc
- Sonardyne International Ltd.
- Undersea Systems International, Inc.
- Sea and Land Technologies Pte Ltd.
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