LAMEA 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 Latin America, Middle East and Africa Underwater Communication System Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
Secure and interoperable maritime communication networks are essential for enabling autonomous undersea vessels to enable countermeasures for anti-submarine activities and mining, in addition to undersea inspection and mapping. Because they are utilized for data collection as well as underwater exploration, UCS is also useful to science.
It is employed in marine biology, oceanology, and marine archeology. The government can monitor the environment with the aid of these systems. With the aid of these technologies, oil and gas sector activities and their effects on the environment may be monitored. Through these methods, environmental pollution can also be tracked and consequently reduced. Its operators are capable of having an underwater experience similar to OceanOneK.
OceanOneK's 3D camera can reach a diver's hands and arms and captures the underwater world in rich color. UCS is primarily used by the naval defense system for reliable and safe communication. It is employed by the military to carry out underwater surveillance and detect infiltration. In the coming years, these elements are anticipated to support the industry's expansion. UCS is useful for business purposes, particularly in sectors, like the oil and gas industry. The system is used to investigate resources that are submerged.
The major driver of the growth of the regional market is the flourishing oil and gas sector of the UAE. One of the top ten oil producers in the world is the United Arab Emirates (UAE). According to the International Trade Administration, approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are situated in Abu Dhabi, which is ranked sixth in the world. As underwater communication systems are widely being utilized within the oil and gas industry in the country, the growth of the regional underwater communication system market is stimulated.
The Brazil market dominated the LAMEA Underwater Communication System Market by Country in 2021; thereby, achieving a market value of $106.7 million by 2028. The Argentina market would exhibit a CAGR of 14.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 13.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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