AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "VHF Marine Radio market - Europe outlook to 2025". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Europe VHF Marine Radio market to grow at a CAGR of %.
The Component, such as Software, is boosting the VHF Marine Radio market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Europe VHF Marine Radio market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Need To Manage Marine Transportation Effectively and Ability to Establish Effective Communication For Marine Application. †
Marine VHF Radio is a device installed in large ships and most seagoing small craft which provides a radio frequency range between 156 and 174 Mhz. The VHF maritime radio is widely used to communicate with harbour, locks, bridge & marina and also help to rescue people in an emergency. VHF communications are suitable for vessels remaining relatively close to the coast and in the range of the cost station operating VHF channels. A set of functions are performed and the operator controls the traditionally fixed mount VHF equipment to handheld VHF radios. The growing significance of critical communication in operation will increase the demand for Marine VHF Radio market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Europe VHF Marine Radio market by Type (Fixed-Mount and Handheld), by Application (Fishery, Transport, Leisure and Recreation and Other) and major geographies with country level break-up that includes Europe (Germany, France, Italy, United Kingdom, Netherlands, Finland, Sweden, Spain, Denmark, Poland, Greece, Belgium, Rest of Europe). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market