The Marine Radio Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Marine Radio Market?
The size of the marine radio market has expanded significantly in recent years. The market, valued at $1.85 billion in 2024, is projected to increase to $2.03 billion in 2025, showing a compound annual growth rate (CAGR) of 9.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Marine Radio Industry?
The Marine Radio Global Market is projected to reach a size of $2.89 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%.
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What are the Key Growth Drivers Fueling the Marine Radio Market?
The key drivers in the marine radio market are:
• Rising procurement of advanced naval vessels
• Increasing necessity for accurate and dependable communication in the marine industry
• Growing need for lightweight and compact radio equipment
• Increase in recreational boating and water sports activities
Global Market Segmentation: Identifying Major Marine Radio Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Marine Radio Market?
The key trends in the marine radio market are:
• Adoption of advanced technology in marine communication systems is an emerging trend.
• The market is seeing developments in advanced marine radios.
• There is a rising trend of improved safety, efficiency, and communication reliability due to advancements.
• Integration of digital selective calling (DSC) and signal processing techniques is becoming increasingly popular.
Who Are the Top Competitors & Leading Players in the Marine Radio Market?
Major companies 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
Regional Dominance: Which Area Leads the Global Marine Radio Market?
North America was the largest region in the marine radio market in 2024
