The global marine communication systems market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to shift in focus towards modernization of marine navigation technology to carry out efficient marine operation and increasing demand for electronic navigation. Factors responsible for the robust growth of the market, in the recent years, include global trend towards global connectivity via satellite communications and rising demand for optimization of marine transportation along with safety, better efficiency and flexibility during various operations.
Numerous benefits offered by the marine communication systems such as fleet management, cargo monitoring and improved logistic services helps to improve overall harbor efficiency, thereby boosting the growth of marine communication systems market. In addition, increasing demand for advanced correction techniques and upgradation of existing infrastructure such as navigational chart are considered as critical factors escalating market growth, in the last few years. Globally, marine communication system market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of marine communication systems.
Variable types of marine communication systems include sound powered telephone, talk back system, PA systems, Intercoms, and TV & radio signal distribution system. In addition, development of VHF & HF Radio Telephones, GMDSS Communications system, SATCOM, and Walkie Talky Aviation VHF systems is expected to favor market growth as well.
The marine communication system market is broadly categorized into major segments based on the product type such as marine equipment, marine antennas, VHF radio, and UHF Radio Telephones. Marine equipment segment is growing rapidly in the market with substantial revenue generation in the last few years. Based on application type, market is divided into two segment such as military marine communication systems and commercial marine communication systems.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in marine industry, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, Spain, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising governmental funding for marine infrastructure & vessel safety, rapid industrialization, increasing marine tourism, strong economic growth, growing import & export activities, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the marine communication systems market are Inmarsat plc, Leonardo S.p.A., ORBIT Communication Systems, Inc., Saab Automobile AB, Iridium Communications Co., Oculus Technologies B.V., Rohde & Schwarz GmbH & Co., KG, and Telemar Group Ltd.
Leading players of Marine Communication Systems including:
• ORBIT Communication Systems
• Iridium Communications
• Oculus Technologies
• ROHDE & SCHWARZ
• Telemar Group
Market split by Type, can be divided into:
• Satellite Phone
Market split by Application, can be divided into:
• Oil and Gas Exploration
• Offshore Construction
• Maritime Research
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA