Global Marine Radio Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Marine Radio Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Marine Radio Market Size and Projected Growth Rate?
In recent times, there has been a significant expansion in the marine radio market. The market, which was valued at $1.85 billion in 2024, is expected to increase to $2.03 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 9.6%. The historic period growth has been driven by a number of factors including regulatory compliance, advancements in search and rescue support, the integration of AIS, radar, and GPS to improve situational awareness, swifter responses to emergency calls, better coordination in rescue operations, and the increased application of DSC technology.

In the coming years, the marine radio market size is projected to enjoy significant growth, expanding to $2.89 billion in 2029 with a compound annual growth rate (CAGR) of 9.3%. This predicted growth during the forecast period is a result of various factors, including the boost in procurement of pioneering naval vessels, an upsurge in demand for reliable and accurate communication, a rise in demand within the marine industry, an increase in the requirement for compact and lightweight radio devices, and a spike in popularity of recreational boating and water sports. Upcoming trends within this forecast period comprise adoption of high-tech methods in marine communication systems, creation of superior marine radios, enhancements contributing to better safety, efficiency, and reliability in communication, integration of digital selective calling (DSC), and the employment of signal processing techniques.

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What Are the Major Segments in the Marine Radio Market?
The marine radio market covered in this report is segmented -

1) By Type: Fixed Mount, Handheld
2) By 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)
3) By Modulation Technique: Amplitude Modulation (AM), Frequency Modulation (PF), Phase Modulation (PM), Spread Spectrum Modulation
4) By Application: Fishery, Transport, Leisure And Recreation, Other Applications

Subsegments:
1) By Fixed Mount: Single Sideband (SSB) Radios, VHF (Very High Frequency) Radios, MF Or HF (Medium Frequency Or High Frequency) Radios, DSC (Digital Selective Calling) Radios, AIS (Automatic Identification System) Radios
2) By Handheld: VHF Handheld Radios, Waterproof Handheld Radios, Compact Handheld Radios, Portable AIS Handheld Radios, Satellite Handheld Radios

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What Are The Driving Marine Radio Market Evolution?
The surge in marine transport is anticipated to boost the marine radio market's expansion in the future. Marine transport involves the movement of goods, individuals, or services through water pathways like oceans, seas, rivers, or canals. This surge is due to the expansion of global trade, urbanization, economic progress, the emergence of e-commerce, environmental legislations, and sustainability. Marine radios serve as crucial tools for ensuring safety, navigation, and communication in marine transport, preventing mishaps, ensuring efficient operations, and providing a lifeline in emergency situations. Marine transport heavily depends on marine radios for communication, navigation, safety, and operational effectiveness, which, in turn, sparks demand for related equipment and technologies. For example, GOV.UK, a UK-based public sector information website, reported in July 2024 that, in 2022, all UK ports handled a total of 458.9 million metric tons of cargo, marking a 3% increase from 2021. Thus, the surge in marine transport is stimulating the marine radio market's growth.

Which Firms Dominate The Marine Radio Market Segments?
Major companies operating in the marine radio market are Raytheon Technologies Corporation, Thales Group, SEA COM Corp., Garmin Ltd., Entel Group, JVC Kenwood Holdings Inc., Cobham plc, Kongsberg Maritime AS, Teledyne FLIR LLC, Furuno Electric Co. Ltd., Navico Group, Icom Inc., Uniden America Corporation, Cobra Electronics Corporation, Jotron AS, SRT Marine Systems plc, Samyung ENC Co. Ltd., Raymarine, Standard Horizon, Ocean Signal Ltd., SAILOR, Danelec Marine A/S, 2CL Communications Ltd., Japan Marine Engineering, Fujian Fujitsu Communication Software Co. Ltd., McMurdo Group (A division of Orolia), Weatherdock AG, Comrod Communication AS, Lars Thrane A/S, Radio Holland

What Trends Are Expected to Dominate the Marine Radio Market in the Next 5 Years?
Several leading entities in the marine radio market are crafting innovative solutions such as IP-M60 Marine VHF/LTE Hybrid Radio to improve communication among sea vessels. IP-M60 Marine VHF/LTE Hybrid Radio serves as a highly adaptable communication gadget specifically designed for marine use, integrating conventional VHF radio communication and modern LTE connectivity in a single module. For example, in November 2023, Icom Inc., a corporation based in Japan known for creating radio transmission and reception equipment, introduced the Marine VHF+LTE Hybrid Transceiver designed for nautical communication. The transceiver marries conventional VHF radio features with LTE (Long-Term Evolution) capability, facilitating seamless communication over short and long distances. This tool amplifies safety on the sea by providing reliable voice and data transmission, even in isolated locations where VHF signals might be weak. The device comes with state-of-the-art technology to enhance clarity and range, making it a perfect match for both leisure and commercial seafarers. Its hybrid model ensures that users remain connected, no matter the communication surroundings.

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Which Is The Largest Region In The Marine Radio Market?
North America was the largest region in the marine radio market in 2024. The regions covered in the marine radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Marine Radio Market?
2. What is the CAGR expected in the Marine Radio Market?
3. What Are the Key Innovations Transforming the Marine Radio Industry?
4. Which Region Is Leading the Marine Radio Market?

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