New York, According to a new market research report published by Global Insight Services “Marine Communication Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Marine communication is the process of exchanging information between vessels and other maritime stakeholders using radio, visual, and other means. The primary purpose of marine communication is to ensure the safety of vessels and personnel at sea. Marine communication also plays an important role in maritime navigation and environmental protection.
There are a variety of marine communication systems in use today, including the International Maritime Organization’s (IMO) Global Maritime Distress and Safety System (GMDSS), which is a comprehensive set of radio communication protocols and procedures that are used to ensure the safety of maritime vessels and personnel. Other marine communication systems include the Vessel Traffic Service (VTS), which is used to manage vessel traffic in congested waterways, and the Automatic Identification System (AIS), which is used to track the location and movements of vessels at sea.
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Key Trends
Some key trends in marine communication technology include the development of more powerful and sophisticated satellite communication systems, the use of social media and other digital platforms for maritime communications, and the increasing use of big data and analytics to improve maritime communication systems.
One of the most significant trends in marine communication technology is the increasing use of satellite communication systems. Satellite communication systems allow vessels to stay in contact with each other and with shore-based facilities even when they are out of range of traditional terrestrial communication systems.
Another trend is the use of social media and other digital platforms for maritime communications. Social media platforms such as Twitter and Facebook are being used by maritime organizations to communicate with their customers and stakeholders.
Key Drivers
Some of the key drivers of the marine communication market include the need for real-time data, the demand for higher data rates, and the need for more reliable communication.
The increasing demand for maritime applications, such as ship-to-shore communication, vessel traffic management, and maritime security, is also driving the growth of the marine communication market.
Market Segments
The marine communication market is segmented by product, service, application, and region. By product, the market is classified into radio devices, multifunctional displays, and others. Based on service, it is bifurcated into consulting services, integration & installation services, and others. On the basis of application, it is divided into fishing boats, merchant ships, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global marine communication market includes players such as Icom Inc., Inmarsat, Furuno Electric Co. Ltd., Garmin Ltd., FLIR Systems Inc., Cobham Satcom, Navico, Jotron, Intellian Technologies, Bochi Corporation, and others.
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Reasons to buy Marine Communication Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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