Marine Radio Market With Complete SWOT Analysis and Forecast

The global Marine Radio Market size is projected to reach a CAGR of 5.1% from 2023-2030.

A marine radio is a global communication system of two-way radio transceivers used on watercraft and ships for ship-to-shore, ship-to-ship, and ship-to-aircraft communication applications. The Marine radio uses FM channels in VHF (very high frequency) radio band with a frequency range between 156 and 174 MHz the International Telecommunication Union terms the band VHF maritime mobile band. Some countries also use additional channels such as F and L. The radio comes in to form fixed and handheld and the range of this radio is about 100 KM.

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The market growth is attributed to the increased international commerce operations throughout the globe. Furthermore, the increasing deployment of ships for leisure activities, such as cruise ships, is driving the market's growth. Meanwhile, rising demand for sea food and private boats is expected to drive up demand for marine radios during the forecast period.

Recent Developments

• September 2021-Icom will be launching the IC-M510, a stylish, advanced VHF/DSC marine radio that offers smartphone control of your radio using the RS-M500 app (iOS™/Android™). Up to three smartphones can act as remote controllers via the radio's WLAN. It is even possible to have an intercom function between your smartphone and the radio itself. 
• January 2022- Furuno has launched a new website dedicated to the digital transformation of marine electronics, presenting an ambitious vision for the future. They outline the latest technological innovations already on the market or poised for commercialization.

Prominent Players

• Icom Inc.
• Uniden
• Furuno
• Standard Horizon (Yaesu)
• Cobra
• Raymarine (FLIR Systems)
• SAILOR (Satcom Global)
• Entel Group
• Navico
• Jotron
• Fujian Feitong Communication Technology

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North America to Dominate the Market

• The Europe region is expected to dominate the marine radio market during the forecast period.
   
• Factors helping in the growth of the market in this region are increasing demand for enriched content from seafarers, crew, and passengers. Besides this, the demand from oil and gas vessels, merchant shipping, mining ships, and passenger shipping sectors have propelled the region which in return will boost the market.

Marine Radio Market Segmentation:

On the basis of component

·        Transmitter

·        Receiver

·        Antenna & Adapters

·        Battery

·        Speaker-microphone

·        Mounting Hardware

·        Optional

·        Display

On the basis of type

·        Fixed Mount

·        Handheld                                                     

On the basis of frequency band range   

·        Low-band VHF (49-108 MHz)

·        High-band VHF (169-216 MHz)

·        Low-band UHF (450-806 MHz)

·        High-band UHF (900-952 MHz)

On the basis of modulation technique

·        Amplitude modulation (AM)

·        Frequency modulation (PF)

·        Phase modulation (PM)

·        Spread spectrum modulation.

On the basis of design 

·        Compact VHF Radio

·        Ultra-Compact VHF Radio

·        Dual Station VHF Radio

·        Modular Multi Station VHF Radio.

On the basis of platform

·        Commercial

·        Defence

On the basis of application

·        Commercial

·        Government & defence

Based on region:

·        Asia Pacific

·        North America

·        Europe

·        South America

·        Middle East & Africa

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Frequently Asked Questions

·        What are the years considered to study Marine Radio Market intelligence report?

·        What is the compound annual growth rate (CAGR) of the Marine Radio Market?

·        Which region holds the largest market share in Marine Radio Market?

·        Which region is the fastest growing region in Marine Radio Market?

·        Who are the major players in Marine Radio Market?

In addition to the market data for Marine Radio Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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