Market Overview:
The global marine handheld radio market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for leisure and recreational activities, rising maritime trade, and the growing popularity of smart devices. In terms of type, the built-in DSC type segment is expected to hold a major share of the global marine handheld radio market during the forecast period. This can be attributed to its features such as automatic distress calling and position reporting that help in improving safety at sea.
Product Definition:
A Marine Handheld Radio is a portable two-way radio used by sailors, fishermen and other marine workers. These radios are typically waterproof and can be used in rough weather conditions. They allow users to communicate with one another over short distances, making them ideal for use on boats or other watercraft. Marine handheld radios are important for safety reasons, as they allow people on boats to stay in communication with each other and summon help in the event of an emergency.
Built-in DSC Type:
By looking at the above figure, it is clear that DSC is used in marine handheld radio to provide safety and security while traveling in deep waters. The figure also suggests that there has been a significant increase in demand for such systems on account of rising piracy activities around the world.
DSC stands forDigital Safety Communicationand it's an emergency system used to send distress call which can penetrate into ethernet as well as non-ethernet channels.
Common Type:
The common type is the most used and popular technology in handheld radio communication. It is a set of standards that define the format for commercial mobile radio communications. The technology has been around for decades and its basic operation remains unchanged despite technological advances, innovations, or changes in regulations.
Application Insights:
The marine handheld radio market is segmented by application into fishery, transport, leisure and recreation, and others. The fishery segment held the largest share in 2017 due to the rising importance of vessel-based fisheries across various regions. Vessels equipped with VHF radios are used for communication between vessels and shore stations during fishing expeditions. Furthermore, handheld radios are also used for safety purposes while at sea as well as onshore activities such as oil exploration or construction work in remote areas where fixed-wing aircraft cannot land.
Transport is expected to be one of the fastest growing segments over the forecast period owing to increasing demand for commercial transport services across various regions coupled with government initiatives encouraging adoption of these devices among drivers and crewmen. For instance, according to a survey conducted by Radio Systems Ltd.
Regional Analysis:
Asia Pacific dominated the global marine handheld radio market in 2017. The region is expected to continue its dominance over the forecast period as well. Increasing demand for recreational activities coupled with growing demand for marine transport across countries such as China, India, and Australia are some of the key factors contributing to regional growth. Furthermore, increasing disposable income levels and rapid urbanization in developing economies including China and India have been fueling product sales across these regions which is further anticipated to drive growth during the forecast period.
Europe also held a significant share of revenue in 2017 owing to high demand from countries such as U.K.
Growth Factors:
- Increasing demand for marine handheld radios from the commercial sector as a result of the growth in maritime trade and tourism.
- The increasing popularity of recreational boating and sailing is also expected to drive demand for marine handheld radios in the coming years.
- Rapid technological advancements in marine handheld radios, which is making them more compact, lighter weight, and easier to use, is also anticipated to fuel market growth over the forecast period.
- Growing awareness about safety and security among boat owners is another key factor that is expected to boost demand for marine handheld radios in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Handheld Radio Market Research Report
By Type
Built-in DSC Type, Common Type
By Application
Fishery, Transport, Leisure and Recreation, Others
By Companies
Icom, Standard Horizon, Cobra, Uniden, Raymarine, Entel, JVCKENWOOD, Jotron, Navico, Icom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Marine Handheld Radio Market Report Segments:
The global Marine Handheld Radio market is segmented on the basis of:
Types
Built-in DSC Type, Common Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fishery, Transport, Leisure and Recreation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Icom
- Standard Horizon
- Cobra
- Uniden
- Raymarine
- Entel
- JVCKENWOOD
- Jotron
- Navico
- Icom
Highlights of The Marine Handheld Radio Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Built-in DSC Type
- Common Type
- By Application:
- Fishery
- Transport
- Leisure and Recreation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Handheld Radio Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Marine handheld radio is a small, lightweight device used to communicate with other vessels and shore stations. They are typically carried by officers and crew of ships and boats, as well as law enforcement personnel. Handheld radios can be used for a variety of purposes, including navigation, emergency communication, weather reporting, and tracking the location of vessels or people.
Some of the major players in the marine handheld radio market are Icom, Standard Horizon, Cobra, Uniden, Raymarine, Entel, JVCKENWOOD, Jotron, Navico, Icom.
The marine handheld radio market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Handheld Radio Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Marine Handheld Radio Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Marine Handheld Radio Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Marine Handheld Radio Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Marine Handheld Radio Market Size & Forecast, 2018-2028 4.5.1 Marine Handheld Radio Market Size and Y-o-Y Growth 4.5.2 Marine Handheld Radio Market Absolute $ Opportunity
Chapter 5 Global Marine Handheld Radio Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Handheld Radio Market Size Forecast by Type
5.2.1 Built-in DSC Type
5.2.2 Common Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Handheld Radio Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Handheld Radio Market Size Forecast by Applications
6.2.1 Fishery
6.2.2 Transport
6.2.3 Leisure and Recreation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Handheld Radio Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Handheld Radio Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Handheld Radio Analysis and Forecast
9.1 Introduction
9.2 North America Marine Handheld Radio Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Handheld Radio Market Size Forecast by Type
9.6.1 Built-in DSC Type
9.6.2 Common Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Handheld Radio Market Size Forecast by Applications
9.10.1 Fishery
9.10.2 Transport
9.10.3 Leisure and Recreation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Handheld Radio Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Handheld Radio Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Handheld Radio Market Size Forecast by Type
10.6.1 Built-in DSC Type
10.6.2 Common Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Handheld Radio Market Size Forecast by Applications
10.10.1 Fishery
10.10.2 Transport
10.10.3 Leisure and Recreation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Handheld Radio Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Handheld Radio Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Handheld Radio Market Size Forecast by Type
11.6.1 Built-in DSC Type
11.6.2 Common Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Handheld Radio Market Size Forecast by Applications
11.10.1 Fishery
11.10.2 Transport
11.10.3 Leisure and Recreation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Handheld Radio Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Handheld Radio Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Handheld Radio Market Size Forecast by Type
12.6.1 Built-in DSC Type
12.6.2 Common Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Handheld Radio Market Size Forecast by Applications
12.10.1 Fishery
12.10.2 Transport
12.10.3 Leisure and Recreation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Handheld Radio Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Handheld Radio Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Handheld Radio Market Size Forecast by Type
13.6.1 Built-in DSC Type
13.6.2 Common Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Handheld Radio Market Size Forecast by Applications
13.10.1 Fishery
13.10.2 Transport
13.10.3 Leisure and Recreation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Handheld Radio Market: Competitive Dashboard
14.2 Global Marine Handheld Radio Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Icom
14.3.2 Standard Horizon
14.3.3 Cobra
14.3.4 Uniden
14.3.5 Raymarine
14.3.6 Entel
14.3.7 JVCKENWOOD
14.3.8 Jotron
14.3.9 Navico
14.3.10 Icom