Lucintel Forecasts the Global Underwater Communication System Market to Reach $6.2 billion by 2030
Lucintel Forecasts the Global Underwater Communication System Market to Reach $6.2 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global underwater communication system market looks promising with opportunities in the marine, military & defense, oil & gas, and scientific research & development markets. The global underwater communication system market is expected to reach an estimated $6.2 billion by 2030 from $3.3 billion in 2024 at a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are growth in autonomous underwater vehicles, a rise in the use of underwater communication in naval defense, and a surge in the demand for data collecting and scientific research.
A more than 150 – page report is developed to understand Underwater Communication System Market Report: Trends, Forecast and Competitive Analysis to 2030.
Lucintel forecasts that environmental monitoring will remain the largest segment over the forecast period because it reduces the risk and, by detecting early signs for disaster, these technologies can predict natural disasters.
Within this market, scientific research & development is expected to witness the highest growth due to undersea research and data gathering for applications in oceanography, biology, and archeology.
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North America is expected to witness highest growth over the forecast period due to growing security concerns in these countries, and the US is using unmanned underwater vehicles (UUVs) for surveillance, security, and anti-submarine warfare, among other defense uses.
Kongsberg Maritime, Thales, Saab AB, Ultra, and Sonardyne are the major suppliers in the underwater communication system market.
This unique 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 write us at [email protected] To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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