Marine Radio Market

The Marine Radio market is estimated to be around USD ~1.5 Billion in 2020 and is projected to reach ~USD 2.3 Billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The growth in the market is attributed to factors such as increasing demand for acurate and reliable communication in combat operations, need to manage marine transportation effectively, procurement of commercial naval vessels as well as increasing procurement of advanced naval vessels by navies across the globe and advancemnet in the marine radio technology.

Secondary Research

In the secondary research process, various secondary sources such as Factiva, Bloomberg, and BusinessWeek, SEC filings, annual reports, press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to for identifying and collecting information on the Marine Radio market.

Primary Research

The Marine Radio market comprises several stakeholders, such as material suppliers, component providers, end-product manufacturers, and integratory and regulatory organizations in its supply chain. The demand side of this market is characterized by various end-users such as commercial and government & Defense organizations of different countries. The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about the Marine Radio market.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Marine Radio market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

• Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size of the Marine Radio market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the Marine Radio market.

Report Objectives

• To define, describe, and forecast the size of the Marine Radio market based on component, type, frequency band range, platform, application, design, modulation technique and region
• To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the markets
• To identify industry trends, market trends, and technology trends currently prevailing in the market
• To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
• To forecast the size of segments of the Marine Radio market based on five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with major countries in each of these regions
• To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as new product developments, contracts, partnerships, joint ventures, agreements, collaborations, and acquisitions adopted by key players in the market
• To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market
• To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies2

Want to explore hidden markets that can drive new revenue in Marine Radio Market?

Unlock Insights

Click on image to enlarge

Scope of the Report

This research report categorizes the Marine Radio market based on Component, Type, Frequency Band Range, Platform, Application, and Design and Region

Based on Component

• Transmitter
• Receiver
• Antenna & Adapters
• Battery
  • Lithium Polymer
  • Lithium-Ion
  • Nickel Metal Hydride
• Display
  • Dot Matrix
  • LCD
• Speaker-microphone
• Mounting Hardware
• Optional
  • External Speaker
  • External GPS Antenna
  • Flush Mount Bracket
  • Dust cover
  • Earphone
  • Submersible Speaker/microphone
  • USB charger, and Hand strap

Based on Type:

• Fixed Mount
• Handheld

Based on 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)

Based on Modulation Technique

• Amplitude modulation (AM)
• Frequency modulation (PF)
• Phase modulation (PM)
• Spread spectrum modulation
  • Direct sequence spread spectrum (DSSS)
  • Orthogonal Frequency Division Multiplex (OFDM)

Based on Design:

• Compact VHF Radio
• Ultra-Compact VHF Radio
• Dual Station VHF Radio
• Modular Multi Station VHF Radio

Based on Platform

• Commercial
  • Passenger Vessels
    • Yachts
    • Ferries
    • Cruise Ships
  • Cargo vessels
    • Container Vessels
    • Bulk Carriers
    • Tankers
    • General Cargo Ships
  • Others
    • Fishing Vessels
    • Dredgers
    • Tugs & Workboats
    • Research Vessels
    • Submarines
• Defense
  • Destroyers
  • Frigates
  • Corvettes
  • Offshore Support Vessels (OSV)
  • Aircraft Carriers
  • Submarines

Based on Application

• Commercial
  • Fishing
  • Transport
  • Leisure and Recreation
  • Vessel traffic Management
  • Others
• Government & Defense
  • Command and Control Operation
  • Communications
  • Combat Management
  • Maritime border protection
  • Search and rescue (SAR)
  • Others

Based on the region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

• Detailed analysis and profiles of additional market players (up to 5)