Definition of Underwater Wireless Communication

Heavy cables had to be installed in order to establish a high-speed connection between the remote source and the surface, which had its own drawbacks in terms of price and sturdiness. This led to the requirement for wireless underwater communication. Due to their capacity to support and provide differentiated services for various applications, such as surveillance and real-time monitoring for pollution, the environment, ocean currents, and climate, underwater wireless communication networks are being deployed more frequently around the world.

Global Underwater Wireless Communication* Market: Key Insights

Global Underwater Wireless Communication Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global underwater wireless communication market is estimated to garner a revenue of USD 2000 million by the end of 2033 by growing at a CAGR of ~15% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 900 million in the year 2022. The primary growth factor of the underwater wireless communication market is increasing demand from oil and gas operators for efficient, secure data transmission in difficult-to-access areas. These operators are seeking to improve operational efficiency and reduce risk by using reliable underwater networks. As per the reported data, sales of crude oil reduced by 12.74% from 2019 to 88.9 million barrels in 2020. In contrast to 2019, sales of natural gas output totaled 1,298,000 million cubic feet in 2020.

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The present underwater communication system uses a variety of physical fields, including electromagnetic, optical, and acoustic fields. Because sound waves are not as easily absorbed by water as electromagnetic or optical waves, acoustic communication is the most used underwater communication method. However, because of temperature, pressure, and salinity effects on the transmission, which result in multipath effects and Doppler frequency shifts, acoustic communication has always been accompanied by significant transmission delays. Additionally, in some circumstances, such as restricted spaces, thin pipes, tunnels, and caverns, echo, and reverberation from obstructions may make auditory communications impossible. As per recent statistics, only acoustic waves can transmit signals wirelessly underwater across distances greater than 100 meters. Some acoustic modems can transfer data at 10,000 bps or more as frequency and bandwidth grow, but the practical range is just 1000 m or less.

Global Underwater Wireless Communication Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Demand for Advanced Maritime Systems – As per maritime transport statistics, more than 80% of products traded internationally are transported by sea, and this proportion is significantly higher for the majority of developing nations. Twenty-foot equivalent unit (TEU) container handling reached 815.6 million TEUs in ports around the world in 2020. Between 2019 and 2020, the throughput of container ports worldwide decreased by 1.2%.

• Growing Used of Drones in a Range of Industries – As per recent data, the submarine drone has a 360-degree panoramic camera as its "eye." Correcting the images captured by the two fisheye lenses is how the 360-degree panoramic camera works. The panoramic 360-degree photos were created properly. Deep learning reached an accuracy of 87% for fish recognition.

• Growing Deployment of Smart City Applications – Monitoring WDNs (water distribution networks) is one of the most crucial WSNs (wireless sensor networks) for smart city applications for our health and well-being. Currently, cities are home to 55% of the world's population. According to data from the United Nations, conservative projections indicate that percentage will increase to 70% by 2050.

• Increased Usage of Voiceover Internet Protocol (VOIP) Services – As per recent statistics, instead of using a regular phone line, Voice over Internet Protocol enables businesses to place and receive phone calls via the internet. There were 76.6 million household VoIP lines in 2018, up from roughly 28 million.

Challenges

• Including Limited Bandwidth and Coverage

• High Installation Costs

• Low Adoption Rates

The global underwater wireless communication market is segmented and analyzed for demand and supply by-products into acoustic communications, optical communications, and RF communications. out of these, the acoustic communications segment is anticipated to hold the largest share over the forecast period. This segment is projected to witness high growth due to increased demand from industries such as maritime, oil and gas, mining, and renewable energy deployments. The primary energy demand is projected to nearly double to 1,123 million tonnes of oil equivalent in 2021, according to the IEA's India Energy Outlook, as the nation's gross domestic product (GDP) rises to USD 8.6 trillion by 2040.

Global Underwater Wireless Communication Market Regional Synopsis

Regionally, the global underwater wireless communication market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033. This can be attributed to an increase in naval activities around sensitive geographical areas. The Asia Pacific has been forecast to account for more than 50% of the total global revenue by 2033. In addition, this region will also witness high growth in mobile payments through underwater networks. As per IBEF, the Ministry of Shipping estimates that 70% of India's value and 95% of its volume of trade is carried out via maritime transport. India is the sixteenth-largest marine nation in the world, having a 7,517-kilometer coastline. The investment range projected by MIV (Maritime India Vision) 2030 is USD        12.52 to USD 15.65 billion.

Market Segmentation

Our in-depth analysis of the global underwater wireless communication market includes the following segments:

Key Companies Dominating the Global Underwater Wireless Communication Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global underwater wireless communication market that are included in our report are Kongsberg Gruppen, Saab AB, Teledyne Technologies, Fugro, Ultra Electronics Maritime Systems, Nortek AS, Sonardyne, Brüel & Kjær, China Great Wall Industry, Subnero Pte Ltd, and Others.

Global   Market: Latest Developments

• 29th October 2021: Kongsberg Gruppen: During the third quarter of 2021, Kongsberg Gruppen achieved profitable growth and a record-high order intake of more than NOK 15 billion. Although a high level of activity in the defense industry is primarily responsible for the development, all of its business areas saw an increase in operating revenues.

• 23th November 2021: Saab AB: With the help of its Finnish partner Conlog Oy, Saab has developed a novel transportable high-mast system that can be quickly and effectively deployed to counter contemporary low-altitude threats like cruise missiles and unmanned aerial vehicles (UAVs) on the battlefield.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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