Marine Radio Market Trends, Business Overview, Industry Growth and Forecast to 2027

The Marine Radio market is estimated to be around USD ~1.5 Billion in 2020 and is projected to reach ~USD 2.3 Billion by 2025, at a CAGR of 7.5% from 2021 to 2027. The growth in the market is attributed to factors such as increasing demand for acurate and reliable communication in combat operations, need to manage marine transportation effectively, procurement of commercial naval vessels as well as increasing procurement of advanced naval vessels by navies across the globe and advancemnet in the marine radio technology.

Key Players

• Icom
• Standard Horizon
• Cobra
• Uniden
• Raymarine
• Entel
• JVCKENWOOD
• Jotron
• Navico
• SAILOR

Segments by Type

• Fixed-Mount
• Handheld

Segments by Application

• Fishery
• Transport
• Leisure and Recreation
• Other

Scope of the Report

The research study analyses the global Marine Radio Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage 

• o North America Market Size and/or Volume
• o Latin America Market Size and/or Volume
• o Europe Market Size and/or Volume
• o Asia-Pacific Market Size and/or Volume
• o Rest of the world Market Size and/or Volume

1. What was the  Marine Radio Marketsize in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Automotive Ambient Lighting Market during the forecast period (2021-2027)?

3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).

4. Which manufacturer/vendor/players in the  Marine Radio Marketwas the market leader in 2020?

5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.