The VHF radio market size is projected to reach US$ 12.12 billion by 2031 from US$ 5.62 billion in 2023. The market is expected to register a CAGR of 10.1 % in 2023–2031. The incorporation of Global Navigation Satellite System (GNSS) features is likely to remain a key VHF radio market trend.
VHF Radio Market Analysis
The Very High-Frequency (VHF) radio market covers the production, distribution, and use of these essential communication tools, which are widely used in the maritime, aviation, public safety, and industrial sectors. VHF radios, which operate in the 30 to 300 MHz frequency band, offer stable and effective short-to medium-sized talk. These radios are critical for real-time voice communication, coordination, navigation, and emergency response in a range of settings. The market supports a range of industries with specialized VHF radio models developed for specific needs, such as marine VHF radios for maritime communication, land mobile radios for public safety, and airband radios for aviation.
VHF Radio Market Overview
The VHF radio market is defined by a broad range of products, including handheld transceivers, fixed-mount devices, and mobile radios, all of which are made to meet the unique communication requirements of different industries. Particularly in situations when long-range communication is not necessary, these radios are essential for maintaining operating performance, ensuring safety, and complying with regulatory requirements. One of the main features of VHF radios is their ability to transmit intelligible voice signals across great distances, which makes them ideal for line-of-sight communication scenarios.
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VHF Radio Market: Strategic Insights
Market Size Value in US$ 3,177.37 Million in 2019 Market Size Value by US$ 6,218.05 Million by 2027 Growth rate CAGR of 8.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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VHF Radio Market: Strategic Insights
| Market Size Value in | US$ 3,177.37 Million in 2019 |
| Market Size Value by | US$ 6,218.05 Million by 2027 |
| Growth rate | CAGR of 8.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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VHF Radio Market Drivers and Opportunities
Growing Need for VHF Radio Systems in Emergency Communications
VHF radios are thought to be a dependable emergency communication device. Plans for disaster management are in place at the government, rescue services, and charitable organizations for potential earthquake and hurricane scenarios. VHF radios are crucial in this kind of scenario to establish lines of contact between the rescue agencies when cell phone signals are disrupted. The UK is relatively safe from major natural disasters in Europe, such as hurricanes and earthquakes, but flooding-related civil emergencies are growing more frequent and dangerous for people's lives. Therefore, even in the worst-case circumstances, the nation is heavily utilizing VHF radio for improved communications in order to handle such a disaster. Businesses are heavily focused on creating effective VHF radio systems in order to handle emergencies. For example, the UK-based business DCS 2-Way Radio Ltd. creates VHF radios to help hospitals and emergency services.
Increasing Use of Advanced Technologies And Features
Modern features and technologies are being added to VHF radios to make them more sophisticated communication instruments with better functionality, performance, and usability. Digital signal processing (DSP) processors, which provide improved spectrum efficiency, noise reduction, and audio quality, are one of these advancements. VHF radios are also incorporating state-of-the-art capabilities like dual-band operating, GPS navigation, and Bluetooth connectivity to further enhance their usefulness and convenience. Thus, the increasing use of advanced technologies and features is anticipated to present new opportunities for the VHF radio market players during the forecast period.
VHF Radio Market Report Segmentation Analysis
Key segments that contributed to the derivation of the VHF radio market analysis are type and application.
- Based on the type, the VHF radio market is segmented into handheld and fixed mount. The handhold segment held a larger market share in 2023.
- By application, the market is segmented into marine, aviation, and land.
VHF Radio Market Share Analysis by Geography
The geographic scope of the VHF radio market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, North America accounted for the largest VHF radio market share. The US currently has a robust port infrastructure and maritime industry, which it attributes to its heavy reliance on imports and its considerable outsourcing of manufacturing and production facilities to economies. Because of this, the nation currently depends on a wide range of products related to the maritime industry for smooth operations, upkeep, and industry expansion.
VHF Radio Market Report Scope
VHF Radio Market News and Recent Developments
The VHF radio market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- In November 2023, Icom unveiled a major innovation in radio communication with the world's first Marine VHF/LTE Hybrid Radio, the IP-M60. This revolutionary device, which was officially introduced at METS 2023 (Marine Equipment Trade Show), seamlessly combines the capabilities of an LTE radio with the reliability of a Marine VHF radio in a single handheld device. (Source: Icom, Press Release)
- In March 2024, Aireon, the leader in space-based air traffic management data products and services, announced to lead the next big evolution in safety and efficiency with the formation of the Aireon Space-Based VHF Coalition, a group of organizations that will develop the concept of operations for space-based VHF voice and data communications for aviation. (Source: Aireon, Press Release)
VHF Radio Market Report Coverage and Deliverables
The “VHF Radio Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global VHF radio market was estimated to be US$ 5.62 billion in 2023 and is expected to grow at a CAGR of 10.1 % during the forecast period 2023 - 2031.
The increasing use of advanced technologies and features and the growing need for VHF radio systems in emergency communications are the major factors that propel the global VHF radio market.
The incorporation of Global Navigation Satellite System (GNSS) features is anticipated to play a significant role in the global VHF radio market in the coming years.
The key players holding majority shares in the global VHF radio market are Cobra, Entel UK Limited, Icom Inc., Jotron, and JVCKENWOOD.
The global VHF radio market is expected to reach US$ 12.12 billion by 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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