Lucintel's latest market report analyzed that underwater acoustic device provides attractive opportunities in the oil & gas, military & defense, homeland security, scientific research & development, and marine sectors. The underwater acoustic device market is expected to reach $3.8% billion by 2028 with a CAGR of 8%. In this market, acoustic modem is the largest segment by interface platform, whereas scientific research & development is largest by end use industry.
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Based on interface platform, the underwater acoustic device market is segmented into sensor interface, acoustic modem, and others. The acoustic modem segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing use in naval defense application for command and control, diver communication, remote underwater surveillance, and submarine communication functions.
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The Underwater Acoustic Device Market is marked by the presence of several big and small players. Some of the prominent players offering underwater acoustic device include Teledyne Technologies Incorporated, KONGSBERG, Thales, L3Harris, and Ultra.
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