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Underwater Acoustic Modem Market - Trends and Forecasts by TechnavioTechnavio's latest report on the global underwater acoustic modem market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170811005012/en/ 
Technavio has published a new report on the global underwater acoustic modem market from 2017-2021. (Graphic: Business Wire) The global underwater acoustic modem market is expected to grow at a CAGR of close to 13% during the forecast period. Underwater acoustic modems are the major components used for underwater communication. These devices are the backbone for underwater and marine communication, navigation, and location-based services. The defense sector is increasingly adopting underwater modems for communication between submarines. With every region trying to build a strong marine defense, the adoption of these modems has increased. Jujhar Singh, a lead analyst from Technavio, specializing in research on embedded systems sector, says, "The increase in oil and gas mining worldwide, especially in emerging economies such as Brazil, Russia, India, China, and South Africa, is expected to be a major driver of revenue growth in the underwater acoustic modem market during the forecast period. These underwater acoustic modems are used for pipeline monitoring systems, environmental monitoring systems, and oceanographic instrumentation in oil fields and plants." This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. The top three emerging trends driving the global underwater acoustic modem market according to Technavio research analysts are:
Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Introduction of modems with expanded memory option and data logger standards Underwater acoustic modems gather data and smart information and are used for the transfer of various information. With the increase in the amount of information being transferred daily, there is a need for expanded memory slots in modems to store large volumes of information. Also, there is a need for data logger standards to accommodate historical data logs and keep ample memory space for future use. "Teledyne Marine, a group of leading-edge undersea technology companies, is already manufacturing ATM-900 Series modems with the expanded memory feature. Other leading vendors are expected to follow this trend during the forecast period," according to Jujhar. Use of corrosion-resistant materials to improve lifespan of modems The use of technologies, such as GPS and Wi-Fi, beneath the water surface, is possible because of the adoption of underwater acoustic modems. Modems have a short lifespan because they are largely used under water and are prone to corrosion. Therefore, vendors are developing acoustic modems that are made of corrosion-resistant materials. These acoustic modems have a hard-coat anodized aluminum composite housing that makes them resistant to corrosion and increases their lifespan. The 920 Series ATM-925 by Teledyne is an example of this type of modem. Advent of Internet of Underwater Things The IoT is the latest trend in the global technology arena. The IoT can connect billions of devices worldwide, including TVs, laptops, coffee makers, automated door locks, wearable devices, mobile phones, and GPS-enabled pet trackers, with the Internet. During the forecast period, the market will witness the development of the Internet of Underwater Things. With the rapid growth in the IoT, there will be an increase in the network of smart devices connecting all systems, from home appliances to shipping containers under water. For instance, submarine robots communicate in a way that is similar to dolphins and whales that use underwater sonar. The key vendors are as follows:
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About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20170811005012/en/ |
