The global demand for Navtex Receivers 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.
Navtex or Navigational Telex receiver is an automated device used to receive navigational alerts, weather warnings, and urgent safety and rescue information in marine systems. The NAVTEX receiver is a programmable pre-tuned MF/HF-SSB radio which incorporates signal processing software. It forms part of the GMDSS mandated equipment package for all commercial vessels over 300 tons and generally consist of an internal printer and a scrollable display. A modern NAVTEX receiver used by the recreational community is entering the marketplace. These receivers include LCD screens and consist of an LCD, RS-232 output offering integration with Chart plotter and ECDIS systems.
Market Dynamics
The need for a cheap and user-friendly device to provide navigational safety information, weather warnings, and forecasts to marine vehicles using everyday language is the primary stimulant for market growth. The ability to receive information based on the cruising areas, the vessel's equipment requirements, the vessel's size, or personal preferences will enhance these devices' demand. The increased adoption of these receivers in recreational marine systems will benefit market growth. Availability of Innovative Bluetooth dual-frequency Navtex receivers that store messages for viewing on an android Bluetooth-enabled mobile phone or tablet will be a market booster. The high costs of the receivers and data cluttering on display are few restraints of this market.
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 navtex receivers. The growth and trends of navtex receivers industry provide a holistic approach to this study.
Market Segmentation
This section of the navtex receivers 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
- Dual-Channel Receiver
- Tri-Channel Receiver
By Application
- Information Reception
- Information Storage
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Navtex Receivers 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 Navtex Receivers 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 navtex receivers market include FURUNO, Orolia Maritime, JRC, Samyung ENC, NASA Marine, Huayang Technology, Nanjing JUNLU, etc. 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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