The global demand for Marine Portable Radiotelephones Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Marine portable radiotelephone is an equipment used for communications in the marine sector, especially between survival craft and rescue vessels. It is used for various purposes, like marine navigation, traffic control, summoning rescue services, and communicating with harbors and marinas. This equipment is operated similarly to any handheld communication device. There are controls for volume, squelch and channel operation. The transmission and reception are initiated by a ‘push-to-talk switch located on the side of the unit. The equipment comes with rechargeable batteries, and hence the transceivers must be stored in a ‘drop in' type of battery charging cradle when not in use.
Market Dynamics
The need for a reliable two-way communication device for use in the marine sector is the key driving force behind the market's growth. The better coverage and fewer shadow areas offered by these radiotelephones compared to cell phones will enhance their demand in the world of marine communications. There is an increased demand for these devices as these devices are reliable to broadcast information in case of emergency, thus enabling collective safety from shore stations and other boats. The rising popularity of boating as a recreational activity will be a market booster. These waterproof devices specially made for the harsh marine environment that can withstand salty conditions and are well protected against oxidation and seizures will benefit market growth. The high costs of these devices and stringent government regulations are few restraints for market growth.
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 portable radiotelephones. The growth and trends of marine portable radiotelephones industry provide a holistic approach to this study.
Market Segmentation
This section of the marine portable radiotelephones 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 Type
- Operating More Than 21 Channels
- Operating Less Than 21 Channels
By Application
- Maritime Communication
- Information Reception
- Information Broadcast
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Marine Portable Radiotelephones 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.
Global Marine Portable Radiotelephones Market Share by Region (Representative Graph)
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 portable radiotelephones market include Orolia Maritime, Entel, ACR Electronics, Recambios Marinos, Jotron, Cobham, JRC, Samyung ENC, Icom. 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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