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Underwater Communication System Market Share

Report ID: GMI8684
Published Date: Mar 2024
Report Format: PDF

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Underwater Communication System Market Share

L3Harris Technologies, Inc. and Thales Group hold a significant market share of over 15% in the underwater communication system industry. These companies focus on continuous innovation to develop advanced technologies that offer higher data rates, longer transmission ranges, and improved reliability in challenging underwater environments. Strategic partnerships and collaborations with research institutions, government agencies, and industry stakeholders enable access to complementary expertise, resources, and market opportunities.

Besides, these companies prioritize customer-centric approaches, tailoring solutions to meet specific industry needs and providing comprehensive support services. Additionally, expanding global outreach through international sales channels and establishing regional offices or subsidiaries helps penetrate new markets and enhance customer support. This apart, investments in marketing, branding, and thought leadership initiatives reinforce companies' positioning as industry leaders and drive awareness and demand for their products and services.

Underwater Communication System Market Companies

Major companies operating in the underwater communication system industry are:

DSPComm
EvoLogics GmbH
Hydromea SA
Kongsberg Discovery
L3Harris Technologies, Inc.
Oceanserver Technology, Inc.
Teledyne Technologies Incorporated.
Thales Group
Water Linked
Wavefront Technologies Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of underwater communication system reached USD 4.8 billion in 2023 and is set to witness 9% CAGR from 2024 to 2032, owing to the advancements in technologies, such as acoustic modems, underwater acoustic networks, and underwater wireless sensor networks worldwide.

The hardware segment recorded over USD 2 billion in 2023, due to the expanding technological advancements in underwater exploration, surveillance, and resource management.

North America market held over 35% share in 2023, attributed to the presence of extensive coastlines and maritime territories in the region.

DSPComm, Hydromea SA, Kongsberg Discovery, L3Harris Technologies, Inc., Oceanserver Technology, Inc., Teledyne Technologies Incorporated., Thales Group, Water Linked, and Wavefront Technologies Inc., are some of the major underwater communication system companies worldwide.