Asia Pacific Underwater Communication System Market Size & Outlook
Asia Pacific underwater communication system market, 2017-2030 (US$M)
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Asia Pacific underwater communication system market highlights
- The Asia Pacific underwater communication system market generated a revenue of USD 860.4 million in 2023.
- The market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 860.4 million |
| Market revenue in 2030 | USD 1,805.8 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Kongsberg Gruppen ASA, L3Harris Technologies Inc, Thales, Saab AB ADR, Teledyne Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.7% of the global underwater communication system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,805.8 million by 2030.
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Underwater Communication System Market Scope
Underwater Communication System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific underwater communication system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to underwater communication system market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 51.21% in 2023. Horizon Databook has segmented the Asia Pacific underwater communication system market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Asia Pacific Advanced and reasonably priced real-time sensing and monitoring systems are in high demand owing to the increasing concern about the aquatic environment. The adoption of cutting-edge technologies, such as LoRa technology, offers an inventive communication solution for shallow water applications using Underwater Wireless Sensor Networks (UWSNs).
Therefore, operators are implementing cutting-edge technologies to track and manage marine pollution. The demand for oil & gas in the Asia Pacific region is skyrocketing, and the majority of the countries in the region are dependent on countries that export oil.
The growing demand for hydrocarbons and the government support for the development of new projects and investments in offshore exploration are driving the underwater communication systems market in Asia Pacific.
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Target buyers of Asia Pacific underwater communication system market databook
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Our clientele includes a mix of underwater communication system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific underwater communication system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific underwater communication system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific underwater communication system market size, by country, 2017-2030 (US$M)
Asia Pacific Underwater Communication System Market Outlook Share, 2023 & 2030 (US$M)
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