Global Marine VHF Radio Market Growth 2023-2029

Global Marine VHF Radio Market Growth 2023-2029

Marine VHF radio refers to the radio frequency range between 156.0 and 174 MHz, inclusive.

The "VHF" signifies the very high frequency of the range. In the official language of the International Telecommunication Union the band is called the VHF maritime mobile band. In some countries additional channels are used, such as the L and F channels for leisure and fishing vessels in the Nordic countries (at 155.5–155.825 MHz).

LPI (LP Information)' newest research report, the “Marine VHF Radio Industry Forecast” looks at past sales and reviews total world Marine VHF Radio sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine VHF Radio sales for 2023 through 2029. With Marine VHF Radio sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine VHF Radio industry.

This Insight Report provides a comprehensive analysis of the global Marine VHF Radio landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine VHF Radio portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Marine VHF Radio market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine VHF Radio and breaks down the forecast by type, by end user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine VHF Radio.

The global Marine VHF Radio market size is projected to grow from US$ 113.2 million in 2022 to US$ 149.4 million in 2029; it is expected to grow at a CAGR of 149.4 from 2023 to 2029.

Global core marine VHF radio manufacturers include Icom Inc, Uniden, Standard Horizon (Yaesu) etc. The top 5 companies hold a share about 58%. Japan is the largest market, with a share about 40%, followed by Europe and United States with the share about 25% and 10%.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine VHF Radio market by product type, end user, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Fixed-Mount

Handheld

Segmentation by end user

Fishery

Transport

Leisure and Recreation

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Icom Inc.

Standard Horizon (Yaesu)

Cobra Electronics Corporation (Monomoy Capital Partners )

Uniden

Raymarine (FLIR Systems)

Entel Group

JVCKENWOOD

Jotron

Navico

SAILOR (Satcom Global)

Furuno

Fujian Feitong Communication Technology

Recent

Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine VHF Radio market?

What factors are driving Marine VHF Radio market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Marine VHF Radio market opportunities vary by end market size?

How does Marine VHF Radio break out type, end user?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.