North America Underwater Communication System Market Size & Outlook
North America underwater communication system market, 2017-2030 (US$M)
Related Markets
North America underwater communication system market highlights
- The North America underwater communication system market generated a revenue of USD 1,161.9 million in 2023.
- The market is expected to grow at a CAGR of 10% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,161.9 million |
| Market revenue in 2030 | USD 2,266.4 million |
| Growth rate | 10% (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, North America region accounted for 32.0% 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 |
|---|
North America 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 53.96% in 2023. Horizon Databook has segmented the North America underwater communication system market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The North American Rapid infrastructure development, continuous digitalization, autonomous computing, and collaboration among devices have generated demand for the latest underwater communication systems across the world.
Moreover, factors such as the rising trend of emerging technologies, the increasing importance of next-generation networks, and the rising demand for direct transmission among devices are expected to fuel the growth of the underwater communication system market over the forecast period.
The demand for underwater communication systems is rising from industries such as merchant shipping, mining, oil & gas, and passenger shipping, which has fueled the expansion of the U.S. underwater communication systems market.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America underwater communication system market , including forecasts for subscribers. This continent databook contains high-level insights into North America underwater communication system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America underwater communication system market size, by country, 2017-2030 (US$M)
North America Underwater Communication System Market Outlook Share, 2023 & 2030 (US$M)
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