Vhf Marine Radio Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00730
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.85 |
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The VHF Marine Radio Market is projected to grow at a CAGR of 5.12% between 2022 and 2032. The market size is anticipated to increase by USD 980.87 million during this period. Several factors contribute to the growth of the market, including the expanding maritime industry, increasing emphasis on maritime safety and communication, and the need for effective communication systems in marine vessels. VHF Marine Radios are vital communication tools used in maritime environments to ensure safe and efficient communication between vessels, coast guards, and other maritime authorities.
VHF Marine Radio Market Overview:
Drivers:
One of the primary drivers of the VHF Marine Radio market is the growing maritime industry. As international trade and shipping continue to rise, the demand for efficient and reliable communication tools in the maritime sector also increases. VHF Marine Radios provide a means for ships, vessels, and maritime authorities to communicate crucial information, weather updates, and emergency signals, thereby enhancing safety and operational efficiency.
Additionally, the stringent regulations and guidelines set by international maritime organizations to ensure maritime safety and security further propel the demand for advanced communication systems such as VHF Marine Radios. These regulations mandate the presence of effective communication tools on vessels to respond to emergencies, navigational warnings, and distress signals promptly.
Trends:
Integration of advanced technologies like GPS and AIS (Automatic Identification System) into VHF Marine Radios is a key trend shaping the market growth. The incorporation of these technologies enhances the capabilities of VHF Marine Radios by enabling vessel tracking, collision avoidance, and more accurate communication. AIS, for instance, allows vessels to exchange real-time information about their identity, position, course, and speed, thereby improving situational awareness and reducing the risk of collisions.
Furthermore, the rise in maritime tourism and recreational boating activities drives the demand for compact and user-friendly VHF Marine Radios. These devices are not only essential for safety but also for providing travelers with reliable communication options during their maritime journeys.
Restraints:
One of the challenges facing the VHF Marine Radio market is the limited coverage range in remote or open-water areas. While VHF radio signals are generally reliable within line-of-sight distances, their effectiveness diminishes when vessels venture into areas with obstructed views or are far from coastal stations. This limitation can impact communication reliability, especially in regions with sparse coastal infrastructure.
Additionally, interoperability issues between different types of communication systems used in maritime environments can hinder seamless communication. Different vessels and maritime authorities may utilize diverse communication protocols and technologies, leading to potential compatibility challenges.
VHF Marine Radio Market Segmentation By Application:
The Commercial Shipping segment is poised to witness significant growth during the forecast period. VHF Marine Radios are crucial for commercial vessels to communicate with each other, coastal stations, and maritime authorities. These radios facilitate coordination, exchange of navigational information, and reporting of emergencies, contributing to the safe and efficient operation of shipping fleets.
Another prominent application is in the Recreational Boating segment. With the rise in maritime tourism and recreational boating, there's a growing need for compact, portable, and user-friendly VHF Marine Radios that provide leisure boaters with a reliable means of communication, enhancing their safety and peace of mind.
VHF Marine Radio Market Segmentation By Type:
The Fixed Mount VHF Radios segment is anticipated to witness robust growth. Fixed mount radios are permanently installed on vessels and offer extended transmission power and additional features such as DSC (Digital Selective Calling) capabilities. These radios are suitable for larger vessels and commercial ships that require continuous and long-range communication.
On the other hand, the Handheld VHF Radios segment is also expected to experience substantial growth due to their portability and ease of use. Handheld radios are essential for smaller vessels, personal watercraft, and recreational boaters who may not require a fixed installation. These radios are often used as backup communication devices and for use during emergency situations.
Regional Overview:
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The North American region is projected to contribute significantly to the global VHF Marine Radio market growth during the forecast period. The presence of a well-developed maritime industry, stringent safety regulations, and a high number of recreational boating activities in countries like the United States and Canada are driving the demand for VHF Marine Radios. Additionally, the region's emphasis on maritime security and communication further fuels market growth.
In Europe, countries with extensive coastlines like the United Kingdom, Germany, and France are also expected to witness substantial demand for VHF Marine Radios due to their maritime heritage and active shipping industries.
VHF Marine Radio Market Customer Landscape:
The VHF Marine Radio market report encompasses the adoption lifecycle and purchase criteria analysis. It outlines the stages of adoption from early innovators to laggards and examines factors influencing purchase decisions, including price sensitivity, quality, and technological features.
Major VHF Marine Radio Market Companies:
Market players are employing various strategies like partnerships, acquisitions, and product advancements to strengthen their market presence.
- Raymarine: Offers a range of VHF Marine Radios, including fixed mount and handheld options, equipped with advanced features like GPS integration and AIS compatibility.
- Icom America Inc.: Provides a diverse selection of VHF Marine Radios, catering to both commercial and recreational marine needs. Their radios often feature rugged designs and innovative technologies.
- Standard Horizon: Known for its reliable fixed mount and handheld VHF Marine Radios, Standard Horizon emphasizes advanced features like integrated GPS and navigation capabilities.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Icom Inc.
- Garmin Ltd.
- Raymarine (FLIR Systems)
- Standard Horizon
- Cobra Electronics Corporation
- Uniden America Corporation
- Simrad (Navico)
- Furuno Electric Co., Ltd.
- Sailor (Cobham SATCOM)
- Jotron AS
- Entel UK Ltd.
- JRC (Japan Radio Co., Ltd.)
- Lowrance (Navico)
- McMurdo Group
- Ocean Signal Ltd.
- Vertex Standard (Yaesu)
- B&G (Navico)
- Shakespeare Company LLC
- Comrod Communication AS
- Lars Thrane A/S
Segment Overview:
The VHF Marine Radio market report provides revenue forecasts at global, regional, and country levels, analyzing trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032):
- Commercial Shipping
- Recreational Boating
- Fishing
- Others
- Type Outlook (USD Million, 2019 - 2032):
- Fixed Mount VHF Radios
- Handheld VHF Radios
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- Australia
- Rest of APAC
- South America
- Brazil
- Argentina
- Chile
- Rest of South America
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table of Contents
United States VHF Marine Radio Market Report 2017
1 VHF Marine Radio Overview
1.1 Product Overview and Scope of VHF Marine Radio
1.2 Classification of VHF Marine Radio by Product Category
1.2.1 United States VHF Marine Radio Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States VHF Marine Radio Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Fixed-Mount
1.2.4 Handheld
1.3 United States VHF Marine Radio Market by Application/End Users
1.3.1 United States VHF Marine Radio Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Fishery
1.3.3 Transport
1.3.4 Leisure and Recreation
1.3.5 Other
1.4 United States VHF Marine Radio Market by Region
1.4.1 United States VHF Marine Radio Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West VHF Marine Radio Status and Prospect (2012-2022)
1.4.3 Southwest VHF Marine Radio Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic VHF Marine Radio Status and Prospect (2012-2022)
1.4.5 New England VHF Marine Radio Status and Prospect (2012-2022)
1.4.6 The South VHF Marine Radio Status and Prospect (2012-2022)
1.4.7 The Midwest VHF Marine Radio Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of VHF Marine Radio (2012-2022)
1.5.1 United States VHF Marine Radio Sales and Growth Rate (2012-2022)
1.5.2 United States VHF Marine Radio Revenue and Growth Rate (2012-2022)
2 United States VHF Marine Radio Market Competition by Players/Suppliers
2.1 United States VHF Marine Radio Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States VHF Marine Radio Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States VHF Marine Radio Average Price by Players/Suppliers (2012-2017)
2.4 United States VHF Marine Radio Market Competitive Situation and Trends
2.4.1 United States VHF Marine Radio Market Concentration Rate
2.4.2 United States VHF Marine Radio Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers VHF Marine Radio Manufacturing Base Distribution, Sales Area, Product Type
3 United States VHF Marine Radio Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States VHF Marine Radio Sales and Market Share by Region (2012-2017)
3.2 United States VHF Marine Radio Revenue and Market Share by Region (2012-2017)
3.3 United States VHF Marine Radio Price by Region (2012-2017)
4 United States VHF Marine Radio Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States VHF Marine Radio Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States VHF Marine Radio Revenue and Market Share by Type (2012-2017)
4.3 United States VHF Marine Radio Price by Type (2012-2017)
4.4 United States VHF Marine Radio Sales Growth Rate by Type (2012-2017)
5 United States VHF Marine Radio Sales (Volume) by Application (2012-2017)
5.1 United States VHF Marine Radio Sales and Market Share by Application (2012-2017)
5.2 United States VHF Marine Radio Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States VHF Marine Radio Players/Suppliers Profiles and Sales Data
6.1 Icom
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 VHF Marine Radio Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Icom VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Standard Horizon
6.2.2 VHF Marine Radio Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Standard Horizon VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 Cobra
6.3.2 VHF Marine Radio Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Cobra VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Uniden
6.4.2 VHF Marine Radio Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Uniden VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Raymarine
6.5.2 VHF Marine Radio Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Raymarine VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Entel
6.6.2 VHF Marine Radio Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Entel VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 JVCKENWOOD
6.7.2 VHF Marine Radio Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 JVCKENWOOD VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 Jotron
6.8.2 VHF Marine Radio Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Jotron VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 Navico
6.9.2 VHF Marine Radio Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Navico VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 SAILOR
6.10.2 VHF Marine Radio Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 SAILOR VHF Marine Radio Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
7 VHF Marine Radio Manufacturing Cost Analysis
7.1 VHF Marine Radio Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of VHF Marine Radio
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 VHF Marine Radio Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of VHF Marine Radio Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States VHF Marine Radio Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States VHF Marine Radio Sales Volume, Revenue Forecast (2017-2022)
11.2 United States VHF Marine Radio Sales Volume Forecast by Type (2017-2022)
11.3 United States VHF Marine Radio Sales Volume Forecast by Application (2017-2022)
11.4 United States VHF Marine Radio Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of VHF Marine Radio
Figure United States VHF Marine Radio Market Size (K Units) by Type (2012-2022)
Figure United States VHF Marine Radio Sales Volume Market Share by Type (Product Category) in 2016
Figure Fixed-Mount Product Picture
Figure Handheld Product Picture
Figure United States VHF Marine Radio Market Size (K Units) by Application (2012-2022)
Figure United States Sales Market Share of VHF Marine Radio by Application in 2016
Figure Fishery Examples
Table Key Downstream Customer in Fishery
Figure Transport Examples
Table Key Downstream Customer in Transport
Figure Leisure and Recreation Examples
Table Key Downstream Customer in Leisure and Recreation
Figure Other Examples
Table Key Downstream Customer in Other
Figure United States VHF Marine Radio Market Size (Million USD) by Region (2012-2022)
Figure The West VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States VHF Marine Radio Sales (K Units) and Growth Rate (2012-2022)
Figure United States VHF Marine Radio Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States VHF Marine Radio Market Major Players Product Sales Volume (K Units) (2012-2017)
Table United States VHF Marine Radio Sales (K Units) of Key Players/Suppliers (2012-2017)
Table United States VHF Marine Radio Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States VHF Marine Radio Sales Share by Players/Suppliers
Figure 2017 United States VHF Marine Radio Sales Share by Players/Suppliers
Figure United States VHF Marine Radio Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States VHF Marine Radio Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States VHF Marine Radio Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States VHF Marine Radio Revenue Share by Players/Suppliers
Figure 2017 United States VHF Marine Radio Revenue Share by Players/Suppliers
Table United States Market VHF Marine Radio Average Price (USD/Unit) of Key Players/Suppliers (2012-2017)
Figure United States Market VHF Marine Radio Average Price (USD/Unit) of Key Players/Suppliers in 2016
Figure United States VHF Marine Radio Market Share of Top 3 Players/Suppliers
Figure United States VHF Marine Radio Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers VHF Marine Radio Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers VHF Marine Radio Product Category
Table United States VHF Marine Radio Sales (K Units) by Region (2012-2017)
Table United States VHF Marine Radio Sales Share by Region (2012-2017)
Figure United States VHF Marine Radio Sales Share by Region (2012-2017)
Figure United States VHF Marine Radio Sales Market Share by Region in 2016
Table United States VHF Marine Radio Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States VHF Marine Radio Revenue Share by Region (2012-2017)
Figure United States VHF Marine Radio Revenue Market Share by Region (2012-2017)
Figure United States VHF Marine Radio Revenue Market Share by Region in 2016
Table United States VHF Marine Radio Price (USD/Unit) by Region (2012-2017)
Table United States VHF Marine Radio Sales (K Units) by Type (2012-2017)
Table United States VHF Marine Radio Sales Share by Type (2012-2017)
Figure United States VHF Marine Radio Sales Share by Type (2012-2017)
Figure United States VHF Marine Radio Sales Market Share by Type in 2016
Table United States VHF Marine Radio Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States VHF Marine Radio Revenue Share by Type (2012-2017)
Figure Revenue Market Share of VHF Marine Radio by Type (2012-2017)
Figure Revenue Market Share of VHF Marine Radio by Type in 2016
Table United States VHF Marine Radio Price (USD/Unit) by Types (2012-2017)
Figure United States VHF Marine Radio Sales Growth Rate by Type (2012-2017)
Table United States VHF Marine Radio Sales (K Units) by Application (2012-2017)
Table United States VHF Marine Radio Sales Market Share by Application (2012-2017)
Figure United States VHF Marine Radio Sales Market Share by Application (2012-2017)
Figure United States VHF Marine Radio Sales Market Share by Application in 2016
Table United States VHF Marine Radio Sales Growth Rate by Application (2012-2017)
Figure United States VHF Marine Radio Sales Growth Rate by Application (2012-2017)
Table Icom Basic Information List
Table Icom VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Icom VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Icom VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Icom VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Standard Horizon Basic Information List
Table Standard Horizon VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Standard Horizon VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Standard Horizon VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Standard Horizon VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Cobra Basic Information List
Table Cobra VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Cobra VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Cobra VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Cobra VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Uniden Basic Information List
Table Uniden VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Uniden VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Uniden VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Uniden VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Raymarine Basic Information List
Table Raymarine VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Raymarine VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Raymarine VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Raymarine VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Entel Basic Information List
Table Entel VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Entel VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Entel VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Entel VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table JVCKENWOOD Basic Information List
Table JVCKENWOOD VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure JVCKENWOOD VHF Marine Radio Sales Growth Rate (2012-2017)
Figure JVCKENWOOD VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure JVCKENWOOD VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Jotron Basic Information List
Table Jotron VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Jotron VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Jotron VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Jotron VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Navico Basic Information List
Table Navico VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Navico VHF Marine Radio Sales Growth Rate (2012-2017)
Figure Navico VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure Navico VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table SAILOR Basic Information List
Table SAILOR VHF Marine Radio Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure SAILOR VHF Marine Radio Sales Growth Rate (2012-2017)
Figure SAILOR VHF Marine Radio Sales Market Share in United States (2012-2017)
Figure SAILOR VHF Marine Radio Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of VHF Marine Radio
Figure Manufacturing Process Analysis of VHF Marine Radio
Figure VHF Marine Radio Industrial Chain Analysis
Table Raw Materials Sources of VHF Marine Radio Major Players/Suppliers in 2016
Table Major Buyers of VHF Marine Radio
Table Distributors/Traders List
Figure United States VHF Marine Radio Sales Volume (K Units) and Growth Rate Forecast (2017-2022)
Figure United States VHF Marine Radio Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States VHF Marine Radio Price (USD/Unit) Trend Forecast (2017-2022)
Table United States VHF Marine Radio Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States VHF Marine Radio Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States VHF Marine Radio Sales Volume (K Units) Forecast by Type in 2022
Table United States VHF Marine Radio Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States VHF Marine Radio Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States VHF Marine Radio Sales Volume (K Units) Forecast by Application in 2022
Table United States VHF Marine Radio Sales Volume (K Units) Forecast by Region (2017-2022)
Table United States VHF Marine Radio Sales Volume Share Forecast by Region (2017-2022)
Figure United States VHF Marine Radio Sales Volume Share Forecast by Region (2017-2022)
Figure United States VHF Marine Radio Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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