Research report published by Proficient Market Research ” Marine VHF Radios Market, By Component (Fixed-mount, Handheld, Repeater, and Others); By Application (Fishery, Transport, Leisure and Recreation and Others) Market Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028″, states that the global marine VHF radios market is expected to grow at a CAGR of 4.7% during the forecast period from 2021 to 2028.
The marine VHF (very high frequency) radio are used to transmit radio signals from ship to shore, shore to ship, ship to ship and ship to aircraft. It operates in frequency range from 156 to 174 MHz and it is used for emergency rescue and for communications. Apart from this, various countries are highly implementing VHF radios for improved communications, even in the bad conditions and to tackle disasters, companies are largely concentrated on designing effective VHF radios system. With a GPS receiver as well as TDMA waveform, the VHF radios permits communication of situational-awareness information to rescue team. Moreover, the increasing issues of safety and security, search and rescue, as well as help to navigation and monitoring of marine transportation has augmented the use of marine VHF radios. Therefore, to tackle emergencies and simply transmit of data, there is a rise in need for VHF radios all over the world. Thereby, driving the growth of the marine VHF radios market.
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In addition, growing international trade across the globe has also augment the growth of the market. The recent economic and technological development across the world has decrease the trade barriers, along with the rise in international trade and growth in marine traffic resulted in the transformation of maritime transport. Thus, over the last few years, the use of VHF radios witnessed a rapid increase. Apart from this, maritime trade size is set to three times as the demand for global freight rises, which in return increases ocean trade across numerous countries of the globe and also amplifies the demand for marine VHF radios on merchant ships as well as cargo vessels. Moreover, Europe has the largest share in the market due to large number of ports across the world in the major countries of Europe. The Germany and France are considered as Europe’s largest exporter and importer. Marine transport is responsible for 72% of France’s imports and exports. Therefore, use of marine VHF radios is large which is swelling the demand in marine transport in Europe region. According to statistics, nearly 75% of its external trade travels by European ports, the shipping service plays an important part in linking the Europe region with its trade partners. Therefore, owing to the rising emphasis on the marine industry, the need for VHF radios is swelling massively. Marine VHF radios is a vital tool for mariners who venture out on the water. It is primarily used for communication harbours and marinas, and call rescue services. Thereby, fuelling the growth of the marine VHF radios market.
Furthermore, the marine VHF radios are available in fixed-mount and mobile VHF radios, whereas fixed-mount has largest share in the market. The fixed-mount marine VHF radios are widely used in various applications, as it can provide long range communications. The fixed-mount VHF radios has long antennas and are attached to continuous power source, hence widely used as compared to handheld marine VHF radios and has highest demand in the market. Further, these radios are widely used in various applications such as Fishery, Transport, and Leisure and Recreation, among others, whereas, transport segment has largest share in the market due to rise in international trade activities and most of the developed and developing countries are involved in import and export of goods via seaways, which is increasing the growth of marine VHF radios in transport sector. The developed countries are having more number of ports, which includes freight forwarding in large extend, leads to adoption of VHF radios on transport ships. Apart from this, there is rise in adoption of satellite-based communication in transport sector, which is also enhancing the demand of VHF radios. Major companies of the global marine VHF radios market includes Radio Activity Srl, Icom Inc., Jotron AS, Uniden America Corporation, Cobra Inc., Cobham Limited, Entel UK Limited, FLIR Systems, Inc., Navico, Inc. and Yaesu USA.
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Trends and Future Outlook:
Rising investment in the research & development for designing technologically advanced features in VHF radio communication
Increasing use of VHF radios in leisure and recreation application also leads to rise in the adoption of marine VHF radios