Press Release

Global Marine VHF Radio Market is projected to exhibit a CAGR of 1.11 % between 2017 and 2022

Date : Aug 16, 2018

Marine VHF radio Market 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).

Global Marine VHF Radio market is valued at 144.3 million USD in 2017 and is expected to reach 138.5 million USD by the end of 2022, growing at a CAGR of -0.82% between 2017 and 2022. Global Marine VHF Radio sales volume is valued at 634.2 Kilo Units in 2016 and is expected to reach 670.3 Kilo Units by the end of 2022, growing at a CAGR of 1.11% between 2017 and 2022.

Key vendors analysed in this market research are

· Icom Inc.

· Standard Horizon

· Cobra

· Uniden

· Raymarine (FLIR Systems)

· Entel Group

· JVCKENWOOD

· Jotron

· Navico

· SAILOR (Satcom Global)

Icom Inc., Standard Horizon, Cobra and Uniden are the top four market share spots in the Marine VHF Radio market in 2017. Icom Inc. dominated with 22.88% market share in 2017, followed by Standard Horizon, Cobra and Uniden.

Marine VHF Radio Market, by Region

· North America

· Europe

· China

· Japan

· Rest of Asia

· Rest of World

On the basis of region, Marine VHF Radio is more popular in Europe than North America. Europe is the largest market segment of Marine VHF Radio, with a consumption market share of 29.95% in 2017, followed by North America with a consumption market share nearly 29% in 2017.

Marine VHF Radio Market, by Type:

· Fixed-mount

· Handheld

Handheld segment covered 69.80% of the market share in 2017, and is projected to dominate the market over the estimated period. This sector is likely to rise at a CAGR of 1.21% from 2017 to 2022.

Marine VHF Radio Market, by End User

· Fishery

· Transport

· Leisure and Recreation

· Other

Marine VHF Radio used in industry including Fishery, Transport, Leisure and Recreation, etc. Report data showed that 58.32% of the Marine VHF Radio market demand in Transport in 2017.

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