Marine Communication Market Analysis & Growth Outlook 2021-2028

The Marine Communication Market report provides statistical information about the global industry. The study has been done with respect to market share, size, trends, growth, outlook, estimation and forecast period 2022-2028. The report also highlights the major key players focusing on their latest development.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the marine communication market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The growing need for richer data communication in the marine industry to improve operational efficiency, onboard security and monitoring, and employee/passenger wellbeing is driving the market during the study period. Furthermore, the major factor driving the marine communication market is the need to attain improved connectivity between the land and sea operations and realise benefits in faster repair times, preventative maintenance, fuel-saving, and real-time navigation. In addition, an increasing need for improved marine data communication to develop operation efficiency, employee/passenger welfare in the marine industry, and onboard security and surveillance is expected to propel demand over the coming years.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of marine communication. The growth and trends of marine communication industry provide a holistic approach to this study.

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Market Segmentation

This section of the marine communication market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

·         Marine Radio Devices

·         Marine Multifunction Displays (MFDs)

·         Automatic Identification Systems (AIS)

·         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 Vessels

·         Working Vessels

·         Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Marine Communication market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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