Marine Radio Market Poised For Growth Amid Rising Maritime Transportation Demand: Powering Innovation and Expansion in the Marine Radio Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Is the Expected CAGR for the Marine Radio Market Through 2025?
In the past few years, the marine radio market has witnessed robust growth. The market's projected value is to climb from $1.85 billion in 2024 to $2.03 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%. This considerable growth in the historic period can be credited to factors such as regulatory compliance, escalation in search and rescue support, advanced situational awareness due to the integration of AIS, radar, and GPS. In addition, the swift response to distress calls and coordinating rescue operations, along with the rising use of DSC technology, have also been influential.

What's the Projected Size of the Global Marine Radio Market by 2029?
The marine radio industry is anticipated to experience notable growth in the coming years, expanding to a value of $2.89 billion by 2029 with a 9.3% compound annual growth rate (CAGR). This expected growth during the forecast period is due to factors such as the augmented acquisition of advanced naval ships, an increased need for dependable and precise communication, growing demand within the maritime sector, a surging demand for portable and lightweight radio devices, and the growing popularity of recreational boating and water sports. Significant trends for the upcoming period include the adoption of cutting-edge technology in marine communication systems, the invention of enhanced marine radios, progressions providing improved safety, efficiency, and reliability of communication, the combination of digital selective calling (DSC), and the adoption of signal processing techniques.

View the full report here:
https://www.thebusinessresearchcompany.com/report/marine-radio-global-market-report

Top Growth Drivers in the Marine Radio Industry: What's Accelerating the Market?
The growth of the marine radio market is projected to be driven by the rise in maritime transportation. The term maritime transportation refers to the transfer of goods, individuals, or services via water routes such as oceans, rivers, seas, or canals. Factors such as global trade growth, urbanization, economic progression, the advent of e-commerce, environmental guidelines, and sustainability are leading to an increase in maritime transportation. Marine radios are essential tools offering safety, navigation, and communication in maritime transportation. They help prevent mishaps, streamline operations, and rescue lives during crises. Marine radios are heavily relied upon for communication, navigation, safety, and effective operations in maritime transport, thereby increasing the demand for marine radio equipment and technologies. For instance, reports from GOV.UK, a public sector information website based in the UK, revealed that in 2022, all UK ports handled a total of 458.9 million metric tons of cargo, marking a 3% rise from 2021. Consequently, the escalating maritime transportation is fueling the expansion of the marine radio market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14747&type=smp

What Trends Will Shape the Marine Radio Market Through 2029 and Beyond?
Leading players in the marine radio market are generating novel solutions like the IP-M60 Marine VHF/LTE Hybrid Radio to enhance communication among vessels in the ocean. This hybrid radio is a multipurpose communication tool specially designed for marine applications. It offers traditional VHF radio communication as well as current LTE connectivity in one device. For instance, in November 2023, Icom Inc., a company based in Japan, that specializes in the production of radio transmission and reception equipment, introduced the Marine VHF+LTE Hybrid Transceiver, specifically built for marine communication. This hybrid transceiver merges conventional VHF radio functionality with LTE (Long-Term Evolution) features, facilitating flawless communication over both short as well as long distances. The device significantly increases safety on the sea by guaranteeing dependable voice and data transmission, even in desolate areas where VHF signals might be feeble. The device incorporates advanced technologies to augment clarity and reach, positioning it as optimum for both leisure and professional marine users. The hybrid structure of the device ensures that users remain connected, irrespective of the communication setting.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14747&type=smp

Which Top Companies are Driving Growth in the Marine Radio Market?
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

Which Regions Will Dominate the Marine Radio Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14747

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.