Underwater acoustic communication market size is valued at USD 2.1 billion in 2023 and is anticipated to be USD 3.5 billion by 2028; growing at a CAGR of 11.0% from 2023 to 2028. Factors such growing demand for environmental monitoring and seafloor mapping are driving the growth of the market during the forecast period.
Thales (France) secured the first position and held a 15-20% share of the underwater acoustic communication market in 2021. French defense procurement agency (DGA) has signed an MoU with Thales as part of the SNLE 3G program. Under this MoU, Thales will work for the development of a complete sonar suite, including a broad range of sonar arrays and associated processing systems. The company’s 57% revenue comes from Europe and 12% from North America.
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Teledyne Technologies Incorporated (US) ranked second and held an 10-15% share of the underwater acoustic communication market in 2021. Teledyne launched an ultra-compact modem sized at just 60 x 50 mm and weighing in at just 55 grams. The OEM version of the UCM is the smallest acoustic modem from Teledyne. UCM is based on Teledyne’s signal processing technology to address the need for reliable wireless underwater acoustic communication. Teledyne Technologies acquired NL Acoustics (Finland), an advanced acoustics-based predictive maintenance solution provider. NL Acoustics specializes in advanced acoustic imaging instruments. The company has a strong presence in the US (64%) and Europe (22%) of the total revenue generated by the company.
L3Harris (US) ranked third and held a 6–10% share of the underwater acoustic communication market in 2021. L3Harris has a strong market position. The company’s tactical radio systems have been widely deployed throughout all branches of DoD and, in the international market, sold to more than 100 countries through international distribution channels consisting of regional sales offices and a broad dealer network. The company is the leading global supplier of tactical communication networks and embedded high-grade encryption solutions for a diverse portfolio of the US military and allied international forces and commercial customers.
Underwater Acoustic Communication Market by Interface Platform (Sensor Interface, Acoustic Modem), Application (Environmental Monitoring, Pollution Monitoring, Hydrography, Oceanography), Communication Depth, End User and Region - Global Forecast to 2028
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