According to our latest market study on “VHF Radio Market to 2027 – COVID-19 Impact, and Global Analysis and Forecast – by Type (Handheld, Fixed-Mount); Application (Marine, Aviation, Land): and Geography,” the market was valued at US$ 3177.37 million in 2019 and is projected to reach US$ 6218.05 million by 2027; it is expected to grow at a CAGR of 8.9% from 2020 to 2027.
Increase in air traffic has made it essential for airports in the region to opt for VHF radio communication equipment to ensure the efficiency of airlines. Increasing trend of wireless communication has led to noteworthy developments in VHF radio systems. The focus of component manufacturers in designing next-gen systems is propelling the market in the region.
Recreational boats are increasingly cruising to new horizons due to the rising tourism industry in the region, increasing economic development, and surging participation in boating activities. The region represents a huge market for recreational boats due to the growing interest of individuals in recreational boating. Individuals use these boats for pleasure and fun activities amid trip with family and companions. The huge adoption of recreational boating in the region opens new possibilities for VHF radio equipment since boaters must use the finest channel when communicating on VHF radio.
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Top Key Players : Cedar Electronics,Entel UK Limited,Icom Inc.,Jotron,JVC Kenwood Holdings Inc.,NAVICO,RAYMARINE (FLIR SYSTEMS),SAILOR (SATCOM GLOBAL),UNIDEN AMERICA CORPORATION,YAESU USA
The report segments the global VHF Radio market as follows:
Global VHF Radio Market – By Type
- Outdoor Intercom
- Indoor Intercom
Global VHF Radio Market – By Technology
- Wi-Fi Band
- Radio Frequency
Global VHF Radio Market – By Type
Global VHF Radio Market – By Industry
In 2019, North America led the global VHF Radio market with decent revenue share, followed by Europe. North America constitutes developed economies, such as the US, Canada, and Mexico. North America includes developed economies, such as the US and Canada, as well as emerging economies, such as Mexico. Technological developments make North America a highly competitive market for various companies. The companies in this region are continuously developing overall business processes to meet end users’ demands for high-quality products. At present, the US boasts of strong port infrastructure and maritime sector due to its substantial reliance on imported goods and notable outsourcing of manufacturing and production facilities over Asian economies. Thus, the country presently relies on numerous maritime industry-related products for seamless operations, maintenance, and industry growth.
In 2019, Europe stood second in the VHF Radio market with a decent market share and it is anticipated to witness a steady CAGR from 2020 to 2027. Germany, France, the UK, and Italy are among the prime contributors to the European VHF radio market. Western Europe is a well-known region for its improved living conditions, with higher income levels of residents. The countries in the region have more GDP per capita as compared to the rest of the countries. The steady economic progress is a good indicator of VHF radio product manufacturers’ opportunities in European countries. The European region has a prominent maritime industry due to the robust presence of industrial manufacturing and international trade from numerous countries.
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