Ship Communication Equipment Market worth $22.96 billion by 2030, growing at a CAGR of 11.88% - Exclusive Report by 360iResearch

The "Ship Communication Equipment Market by Product (Dual-Channel Navtex Receiver, MF/HF Radio Telephone, Radio Console), Type (Cellular Telephone, Depth Recording, Gyro Compass), Communication, Platform, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Ship Communication Equipment Market to grow from USD 10.46 billion in 2023 to USD 22.96 billion by 2030, at a CAGR of 11.88%.

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Ship communication equipment is utilized for communication purposes on ships and vessels which are crucial for maintaining communication with other ships, shore-based facilities, and maritime authorities. Ships often use satellite communication systems for long-range voice and data communication, including email, internet access, and voice calls. These systems rely on satellites to connect with other ships and shore stations or provide global coverage. Very high frequency (VHF) radios are commonly used for short-range ship-to-ship and ship-to-shore communication and operate in the frequency range of 156 to 174 MHz and are used for routine voice communication, distress calls, and navigational safety information. The rising adoption of cellular and connected satellite communication technology and the increasing need for appropriate communication for the safe navigation of ships is boosting the utilization of ship communication equipment. However, the huge capital requirement for adequate communication infrastructure and security and privacy issues significantly impedes the adoption of ship communication equipment. In addition, emerging innovative maritime communications technologies and the adoption of IoT platforms for effective ship communication are expected to create robust opportunities for ship communication equipment market development.

North America holds a significant portion of the market for ship communication equipment due to powerful market competitors and the quick adoption of cutting-edge communication equipment and technology. The U.S. Maritime Advisory method acts as the centralized method for communication between the U.S. government and stakeholders in the U.S. maritime industry regarding possible or actual naval security risks. The European Telecommunications Standards Institute (ETSI), based in Europe, is in charge of establishing various technical standards and publications about radio equipment and systems for use on inland and maritime waterways. The European Commission issued the Communication "A Green Recovery for the Blue Economy - Transforming the EU's Blue Economy for a Sustainable FutureEN" in May 2021 as a new strategy for a sustainable blue economy in the EU. This strategy lays out a thorough plan for the industry to go from "Blue Growth" to a sustainable blue economy, which propels the green transition by substituting unrestrained growth with clean, climate-proof, and sustainable operations. On the other hand, the demand for ship communication equipment is growing due to the expansion of offshore development and marine research in developing nations such as China and India.

Market Segmentation & Coverage:

This research report categorizes the Ship Communication Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Dual-Channel Navtex Receiver, MF/HF Radio Telephone, Radio Console, and VHF Radio Telephone. The VHF Radio Telephone is projected to witness significant market share during forecast period.

Based on Type, market is studied across Cellular Telephone, Depth Recording, Gyro Compass, Hand-Held Radios, HF or SSB Communications, Internal Communications, Navigation Equipment, Radar, and Satellite Communications. The HF or SSB Communications is projected to witness significant market share during forecast period.

Based on Communication, market is studied across Ship-to-Ship Communication, Ship-to-Shore Communication, and Shore-to-Ship Communication. The Ship-to-Ship Communication is projected to witness significant market share during forecast period.

Based on Platform, market is studied across Submarines, Surface Ships, and Unmanned Systems. The Surface Ships is projected to witness significant market share during forecast period.

Based on Application, market is studied across Fishing, Government/ Military, Maritime Research, Offshore Construction, Oil & Gas Exploration, and Service Portal For Passengers. The Oil & Gas Exploration is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Ship Communication Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Ship Communication Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Ship Communication Equipment Market, highlighting leading vendors and their innovative profiles. These include Cobham SATCOM, Danphone A/S, EID S.A. by Cohort plc, FURUNO ELECTRIC CO., LTD., Garmin Ltd., Honeywell International Inc., Hughes Network Systems, LLC, Icom Inc., Iridium Communications Inc., Japan Radio Co., Ltd, Jason Marine Group, Jotron, Kongsberg Gruppen ASA, KVH Industries, Inc., Leonardo S.p.A., MERLIN SIMULATION, INC., MJR Corporation, Motorola Solutions, Inc., Navico Group, Network Innovations, Northrop Grumman Corporation, ORBCOMM Inc., Saab AB, Singapore Technologies Engineering Ltd., Teledyne FLIR LLC, Telemar Group, Thales Group, Thuraya Telecommunications Company PJSC, TNL Group, Tokyo Keiki Inc., Viasat, Inc., and Zenitel Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Ship Communication Equipment Market, by Product
7. Ship Communication Equipment Market, by Type
8. Ship Communication Equipment Market, by Communication
9. Ship Communication Equipment Market, by Platform
10. Ship Communication Equipment Market, by Application
11. Americas Ship Communication Equipment Market
12. Asia-Pacific Ship Communication Equipment Market
13. Europe, Middle East & Africa Ship Communication Equipment Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Ship Communication Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Ship Communication Equipment Market?
3. What is the competitive strategic window for opportunities in the Ship Communication Equipment Market?
4. What are the technology trends and regulatory frameworks in the Ship Communication Equipment Market?
5. What is the market share of the leading vendors in the Ship Communication Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Ship Communication Equipment Market?

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