U.S. Underwater Communication System Market Size & Outlook
U.S. underwater communication system market, 2017-2030 (US$M)
Related Markets
U.S. underwater communication system market highlights
- The U.S. underwater communication system market generated a revenue of USD 971.5 million in 2023 and is expected to reach USD 1,868.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.8% 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.
Underwater communication system market data book summary
| Market revenue in 2023 | USD 971.5 million |
| Market revenue in 2030 | USD 1,868.6 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 26.8% of the global underwater communication system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. underwater communication system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 397.8 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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U.S. 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 54.49% in 2023. Horizon Databook has segmented the U.S. underwater communication system market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
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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 country-level data and insights on the U.S. underwater communication system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. underwater communication system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. underwater communication system market size, by component, 2017-2030 (US$M)
U.S. Underwater Communication System Market Outlook Share, 2023 & 2030 (US$M)
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