Detailed Analysis of the Marine Communication Market by Marine Radio Devices, Marine Multifunction Displays (MFDs), Marine Radars, and VHF Data Exchange Systems (VDES)
Government Initiatives and Increasing Defense Expenditures to Boost Marine Communication Market. FMI Explores Growth Opportunities Across 30+ Countries.
Marine Communication Market Outlook (2023 to 2033)
The global marine communication market size is expected to register significant growth during the forecast period of 2023 to 2033. According to Future Market Insights, the global market is projected to surpass a valuation of US$ 4,699.2 million in 2023. It is projected to surpass a valuation of US$ 10,082.5 million by 2033. The market is expected to showcase a substantial CAGR of 7.9% from 2023 to 2033.
Marine communication is a solution for ship-to-ship and ship-to-shore communication. This is essential for ship navigation tasks such as ship operation and cargo handling. Growing need for high-quality, secure, and reliable marine communication products to attain improved connectivity between land and sea operations. Such as marine radio devices, Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS), Vessel Monitoring System (VMS) terminals, marine radars, VHF Data Exchange Systems (VDES), maritime sat phone & internet devices. This may fuel demand in the marine communications market.
The global marine communication market is estimated to experience an increase due to increasing demand for broadband connections, mobile satellite services, mobile satellite communications, and very small-aperture terminal (VSAT) connectivity. Marine communication solutions are specialized in various applications such as fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others. The increasing need for improved marine data communication to develop operation efficiency, and employee/passenger welfare in the maritime industry. Moreover, onboard security and surveillance are expected to propel demand over the coming years.
Attributes
Details
Marine Communication Market Share (2022)
US$ 4,420.7 million
Marine Communication Market Share (2023)
US$ 4,699.2 million
Marine Communication Market Share (2033)
US$ 10,082.5 million
Marine Communication Market Share (2023 to 2033)
7.9%
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Marine Communication Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)
In 2018, the global marine communication market size stood at US$ 3,251.5 million. From 2018 to 2022, the market experienced substantial development amplification, accounting for US$ 4,420.7 million in 2022. The marine communication market expanded at a considerable CAGR of 5.8% from 2018 to 2022.
Satellite communication plays a critical role in managing the integration of modern satellite communication into existing communications and reconnaissance architectures. The development of satellite communication infrastructure helps in providing new terrestrial communication networks to increase operational agility. Various technology vendors are developing advanced satellite systems to reduce the time gaps and cover more geographical locations. For instance, Inmarsat a global satellite communication provider, offers a geostationary system that has four operational satellites. One each is mounted over the Pacific and Indian Oceans and a further two cover the Atlantic Ocean for faster and reliable land and marine communication.
Why is the Demand for Satellite-based Communication and VHF-Based Data Exchange Systems Increasing?
The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe. Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European Satellite-Based Augmentation Service (SBAS), corrects GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication systems is driving the demand and is fueling the global marine communication market.
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Category-wise Insights
Which Marine Communication Products Have Higher Demand in the Market?
Maritime Satellite Developments to Drive Sat Phones and Internet Devices Demand
The Maritime sat phones and internet devices are expected to show significant growth in the coming years. This is attributable to the increasing maritime satellite developments and adoption of new-generation broadband satellite services. Globalization has opened the doors for trade across the world and it has thus become necessary for ships to be equipped with the latest forms of communication and technology. Maintaining strong communication is perhaps the most important part of ensuring the safety of vessels in the maritime industry. To ensure the smooth facilitation of trade and other services, all the ships and vessels on the water need to maintain proper maritime communication. Satellite communication enables the crew onboard ships to be able to connect with other ships and teams to keep them updated with the current situations on-board in real-time, which helps reduce errors and thereby increase efficiency.
Marine radio services are predicted to garner swift growth during the forecast period. In 2022, the marine radio devices segment captured a 25.1% market share. Marine radio devices can operate over long distances using Very High Frequency (VHF) or High Frequency (HF) bands. They can provide reliable communication in different maritime environments, overcoming rough weather, interferences, and others. This reliability makes marine radio devices indispensable for maintaining effective communication in adverse conditions and remote areas.
Which is the Primary Application of Marine Communication?
Integration of Advanced Technologies Improving Scope for Marine Communication Application in Recreational Vessels
Based on application, the marine communication market is segmented as fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others. The recreational vessels application segment is set to witness a relatively higher CAGR during the forecast period. The merchant ships segment accounted for a large market share in 2022. New technologies are continuously getting developed related to communication and navigation. The integration of IT in communication has paved the way for the usage of electronic devices in several applications, thereby greatly enhancing its utility. For instance, the use of big data analytics on AIS helps vessels and shipping companies to predict and detect anti-national activities with the support of domain awareness and maritime intelligence.
How big is the Opportunity for Marine Communication Device Manufacturers in the Shipping Sector?
Demand for Satellite Communication Technology to Grow in the Shipping Sector
Merchant shipping is mainly used for carrying passengers or cargo for commercial purposes. To stay updated with the changing communication trends, shipping companies are accordingly designing and manufacturing ships and passenger vessels to ensure crew and passenger loyalty and satisfaction. In recent years, satellite communication technology has been adopted by several shipping companies for the development of advanced ships and vessels. This technological advancement helps merchants gain higher profit through reliable communication services that maintain operational efficiency.
Which Marine Communication Service is Witnessing Tremendous Growth?
Integration & Installation Services to Register Swift Growth During the Forecast Period
The integration & installation services in marine communication are expected to witness unparalleled growth during the forecast period. In 2022, the integration & installation services registered a 44.8% market share. The developments in marine communication systems have increased manifold in recent years. Integration of satellite-based technologies, advanced navigation systems, and broadband connectivity has become complex. These sophisticated systems require expertise and specialized knowledge for proper integration and installation. Ensuring seamless marine communication requires integrating these systems. Due to the growing maritime operations, the integration & installation segment is likely to flourish in the coming years.
Comparative View of the Adjacent Market
Marine Communication Market:
Attributes
Marine Communication Market
CAGR (2023 to 2033)
7.9%
Market Value (2023)
US$ 4,699.2 million
Growth Factor
Adoption of new generation broadband satellite services.
Future Opportunity
Rising demand for satellite communication technology.
Market Trends
Increasing integration of advanced technologies.
Marine Electronics Market:
Attributes
Marine Electronics Market
CAGR (2023 to 2033)
5.3%
Market Value (2023)
US$ 5.48 billion
Growth Factor
Increasing digitization in marine electronics.
Future Opportunity
Technological developments in boating & sailing electronics.
Market Trends
Implementation of various regulations requiring automatic identification system installations.
Submarine Communication Cables Market:
Attributes
Submarine Communication Cables Market
CAGR (2023 to 2033)
5.6%
Market Value (2023)
US$ 3,059.97 million
Growth Factor
Surging demand for bandwidth and internet connection.
Future Opportunity
Technological advancements in cable system infrastructure.
Market Trends
Rising submarine cable system projects.
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Country-wise Insights
How Big is the Opportunity for Marine Communication Trend in the United States?
United States to Remain Dominant Market in North America
In 2022, the United States captured 16.4% shares in the global marine communication market. The United States marine communication market is set to aggrandize at a high CAGR through 2033. FMI has projected the United States to remain a lucrative market in North America through the course of the forecast period, owing to continuous developments in satellite-based communication systems. According to estimates, marine communication shipment in the United States is increased by 4% due to a rise in maritime tourism and an increase in United States seaborne trade. Moreover, increasing demand for enriched content from seafarers, crew, and passengers has caused a key spike in the growth of the United States marine communication market. Besides this, the demand from oil and gas vessels, merchant shipping, mining ships, and passenger shipping sectors has propelled the growth.
Why is the Demand for Marine Communication Increasing in the United Kingdom?
Government Initiatives Favoring Growth in the United Kingdom
The United Kingdom has strong international standing as a center for design, engineering, marine equipment, and research, coupled with its position as the world’s leading maritime financial, professional, and business services hub. Also, the United Kingdom has a geographical comparative advantage when it comes to Arctic shipping. In coming years, the United Kingdom is expected to see an increase in demand for maritime communication systems and infrastructure, from the development of remotely operated vessels to the need for increased satellite coverage of remote areas like the Arctic. The government of the United Kingdom and the maritime communication tech players are collaborating to develop advanced communication systems for shipping and autonomous vessels. The growing demand for marine communication products from shipping companies is driving the growth of the United Kingdom marine communication market. The marine communication market registered a 12.4% market share in 2022.
How is China Contributing to Sales of Marine Communication?
Telecommunication Satellites Launched in China Driving Marine Communication Demand
China is estimated to record an incremental opportunity worth more than US$ 441.0 million during the forecast period. In 2022, China registered a 14.2% market share globally. China’s government is continuously focusing on the development of advanced satellite communication systems to ensure secure and reliable communication in land and maritime industries.
For instance, in July 2020, China successfully launched its APSTAR-6D telecommunication satellite. The satellite can be used for maritime communications, aviation airborne communications, land vehicle communications, and fixed satellite broadband Internet access. Moreover, the South China Sea is a prominent shipping passage with US$ 5.3 trillion worth of trade cruising through its waters every year. That’s nearly one-third of all global maritime trade.
As the second-leading economy in the world with over 60 percent of its trade-in value traveling by sea. China’s economic security is closely tied to the South China Sea. Thus, to enhance communication in marine tread activities, China government is continuously focusing on investing in the construction of new marine communications systems and infrastructure, which in return, may drive the growth of China's marine communication systems market.
Competitive Landscape
Key Players Launch New Products to Capture Growth
The key players rely on multiple expansion strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
Recent Developments Observed by FMI:
In April 2023, Boeing launched a new military satellite that integrates an anti-jam payload for improved communication on the battlefield. The new Protected Wideband Satellite (PWS) design features Boeing’s Protected Tactical SATCOM Prototype.
In April 2023, Northrop Grumman revealed that the company is working on developing a geostationary communication satellite. The company was selected by the United States Army to develop Protected Tactical SATCOM prototype payloads.
In March 2023, the Indian Army signed a contract worth US$ 365 million to procure an advanced communication satellite by NewSpace India Limited.
Key Players in Global Marine Communication Market
Icom Inc.
Inmarsat
Furuno Electric Co. Ltd.
Garmin Ltd.
FLIR Systems Inc.
Cobham SATCOM
Navico
Jotron
Intellian Technologies
Bochi Corporation
Avatec Marine
HZH Marine Group Co. Ltd.
Matsutec
Samyung ENC
Scope of Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value
Key Regions Covered
North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa (MEA)
Key Countries Covered
United States
Canada
Germany
United Kingdom
Nordic
Russia
BENELUX
Poland
France
Spain
Italy
Czech Republic
Hungary
Rest of EMEAI
Brazil
Peru
Argentina
Mexico
South Africa
Northern Africa
GCC Countries
China
Japan
South Korea
India
ASEAN
Thailand
Malaysia
Indonesia
Australia
New Zealand
Key Segments Covered
Product
Service
Application
Region
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Marine Communication Market Segmentation
By Product:
Marine Radio Services
Fixed-mount VHF Marine Radios
Handheld Marine VHF Radios
MF/HF Radios
Marine Multifunction Displays (MFDs)
Automatic Identification Systems (AIS)
AIS Transponders
AIS Receivers
Vessel Monitoring System (VMS) Terminals
Marine Radars
VHF Data Exchange System (VDES)
Maritime Sat Phone & Internet Devices
Others
By Service:
Consulting Services
Integration & Installation Services
After-sales Support & Maintenance Services
By Application:
Fishing Boats/Vessels
Merchant Ships
Recreational Ships
Working Vessels
Others
By Region:
North America
South America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa (MEA)
Frequently Asked Questions
Which Countries Dominate the Global Market?
The United States, Japan, and China dominate the global market.
What is the Growth Forecast for Marine Communication Market?
The market is forecast to register a CAGR of 7.9% through 2033.
How is the Historical Performance of the Market?
During 2018 to 2022, the market grew at a CAGR of 5.8%.
Which is the Top Trend in the Marine Communication Market?
Technological advancement disrupts the current market trends.
What is the Projected Size of the Market by 2033?
The global market size to reach US$ 10,082.5 million by 2033.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Marine Radio Devices
5.3.1.1. Fixed-Mount VHF Marine Radios
5.3.1.2. Handheld Marine VHF Radios
5.3.1.3. MF/HF Radios
5.3.2. Marine Multifunction Displays (MFDs)
5.3.3. Automatic Identification Systems (AIS)
5.3.3.1. AIS Transponders
5.3.3.2. AIS Receivers
5.3.4. Vessel Monitoring System (VMS) Terminals
5.3.5. Marine Radars
5.3.6. VHF Data Exchange System (VDES)
5.3.7. Maritime Sat Phone & Internet Devices
5.3.8. Others
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Service, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service, 2023 to 2033
6.3.1. Consulting Services
6.3.2. Integration & Installation Services
6.3.3. After-Sales Support & Maintenance Services
6.4. Y-o-Y Growth Trend Analysis By Service, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Service, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application , 2023 to 2033
7.3.1. Fishing Boats/Vessels
7.3.2. Merchant Ships
7.3.3. Recreational Vessels
7.3.4. Working Vessels
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Product
9.2.3. By Service
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Service
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product
10.2.3. By Service
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Service
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Product
11.2.3. By Service
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Service
11.3.4. By Application
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Product
12.2.3. By Service
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Service
12.3.4. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By Service
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Service
13.3.4. By Application
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Product
14.2.3. By Service
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By Service
14.3.4. By Application
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Product
15.2.3. By Service
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Product
15.3.3. By Service
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Product
16.1.2.2. By Service
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Product
16.2.2.2. By Service
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Product
16.3.2.2. By Service
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Product
16.4.2.2. By Service
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Product
16.5.2.2. By Service
16.5.2.3. By Application
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Product
16.6.2.2. By Service
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Product
16.7.2.2. By Service
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Product
16.8.2.2. By Service
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Product
16.9.2.2. By Service
16.9.2.3. By Application
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Product
16.10.2.2. By Service
16.10.2.3. By Application
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Product
16.11.2.2. By Service
16.11.2.3. By Application
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Product
16.12.2.2. By Service
16.12.2.3. By Application
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Product
16.13.2.2. By Service
16.13.2.3. By Application
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Product
16.14.2.2. By Service
16.14.2.3. By Application
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Product
16.15.2.2. By Service
16.15.2.3. By Application
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Product
16.16.2.2. By Service
16.16.2.3. By Application
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Product
16.17.2.2. By Service
16.17.2.3. By Application
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Product
16.18.2.2. By Service
16.18.2.3. By Application
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Product
16.19.2.2. By Service
16.19.2.3. By Application
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Product
16.20.2.2. By Service
16.20.2.3. By Application
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Product
16.21.2.2. By Service
16.21.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product
17.3.3. By Service
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Icom Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Inmarsat
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Furuno Electric Co., Ltd.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Garmin Ltd.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. FLIR Systems, Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Cobham SATCOM
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Navico
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Jotron
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Intellian Technologies
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Bochi Corporation
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. Avatec Marine
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.12. HZH Marine Group Co., Ltd.
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.13. Matsutec
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
18.1.14. Samyung ENC
18.1.14.1. Overview
18.1.14.2. Product Portfolio
18.1.14.3. Profitability by Market Segments
18.1.14.4. Sales Footprint
18.1.14.5. Strategy Overview
18.1.14.5.1. Marketing Strategy
19. Assumptions & Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 17: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: South Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 19: South Asia Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 20: South Asia Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: East Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 23: East Asia Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 24: East Asia Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 25: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Oceania Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 27: Oceania Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 28: Oceania Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 29: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: MEA Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 31: MEA Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 32: MEA Market Value (US$ Million) Forecast by Application , 2018 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Service, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application , 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 17: Global Market Attractiveness by Product, 2023 to 2033
Figure 18: Global Market Attractiveness by Service, 2023 to 2033
Figure 19: Global Market Attractiveness by Application , 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Service, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Application , 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 37: North America Market Attractiveness by Product, 2023 to 2033
Figure 38: North America Market Attractiveness by Service, 2023 to 2033
Figure 39: North America Market Attractiveness by Application , 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Service, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Application , 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 57: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Service, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Application , 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Service, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by Application , 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 77: Europe Market Attractiveness by Product, 2023 to 2033
Figure 78: Europe Market Attractiveness by Service, 2023 to 2033
Figure 79: Europe Market Attractiveness by Application , 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: South Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 82: South Asia Market Value (US$ Million) by Service, 2023 to 2033
Figure 83: South Asia Market Value (US$ Million) by Application , 2023 to 2033
Figure 84: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: South Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 89: South Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 92: South Asia Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 95: South Asia Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 97: South Asia Market Attractiveness by Product, 2023 to 2033
Figure 98: South Asia Market Attractiveness by Service, 2023 to 2033
Figure 99: South Asia Market Attractiveness by Application , 2023 to 2033
Figure 100: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 101: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 102: East Asia Market Value (US$ Million) by Service, 2023 to 2033
Figure 103: East Asia Market Value (US$ Million) by Application , 2023 to 2033
Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: East Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 114: East Asia Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 115: East Asia Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 117: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Service, 2023 to 2033
Figure 119: East Asia Market Attractiveness by Application , 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 121: Oceania Market Value (US$ Million) by Product, 2023 to 2033
Figure 122: Oceania Market Value (US$ Million) by Service, 2023 to 2033
Figure 123: Oceania Market Value (US$ Million) by Application , 2023 to 2033
Figure 124: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: Oceania Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 131: Oceania Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 134: Oceania Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 135: Oceania Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 137: Oceania Market Attractiveness by Product, 2023 to 2033
Figure 138: Oceania Market Attractiveness by Service, 2023 to 2033
Figure 139: Oceania Market Attractiveness by Application , 2023 to 2033
Figure 140: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 141: MEA Market Value (US$ Million) by Product, 2023 to 2033
Figure 142: MEA Market Value (US$ Million) by Service, 2023 to 2033
Figure 143: MEA Market Value (US$ Million) by Application , 2023 to 2033
Figure 144: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: MEA Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 149: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 152: MEA Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 154: MEA Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 155: MEA Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 156: MEA Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 157: MEA Market Attractiveness by Product, 2023 to 2033
Figure 158: MEA Market Attractiveness by Service, 2023 to 2033
Figure 159: MEA Market Attractiveness by Application , 2023 to 2033
Figure 160: MEA Market Attractiveness by Country, 2023 to 2033
