Maritime Antennas Market Estimated to Reach USD 554.6 Million by 2023

Hyderabad, Oct. 24, 2016 (GLOBE NEWSWIRE) -- According to the new report, "Maritime Antennas Market - By Antenna Type (VHF, AIS, WI-FI, CELLUALR, SATCOM, OTHERS) By FREQUENCY (VHF, HF, MF, SHF, EHF); By End-User (Fishing, Merchant, Offshore, Others) & By Geography - Forecast (2016 – 2023)", published by IndustryARC, the market is estimated to reach $554.6 million by 2023 at high CAGR.

Browse Market Tables, Figures spread through Pages and an in-depth TOC on “Maritime Antennas Market (2015 - 2023)

Antenna is a specialized transducer that converts electrical power into radio- frequency and vice versa. These are used for radio broadcasting, television broadcasting, communications receiving, cellphones, radar and satellite communications. Maritime antennas are vertical whip mobile antennas mounted on a vessel for various applications such as broadband connectivity, vessel monitoring & tracking, onboard entertainment and others. Maritime Antennas allow maximum offshore range communication and connectivity irrespective of direction of the vessel. Conferring with the type of antennas that is to be installed depends on the distance the vessel that needs to be travelled and the type of ship such as fishing vessels, passenger vessels, offshore vessels, military vessels and merchant vessels. The global market for maritime antennas are segmented based on antenna type into VHF antenna, SSB antenna, AIS antenna, GPS antenna, Radar antenna and SATCOM antenna among others.

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VHF antennas are most dominant type among maritime antennas shipments. VHF antennas are dipole antennas that are designed for marine VHF telephonic service. These antennas play an important role in offering connectivity. VHF antennas are generally used for short range communications. These provide with a direct line of sight between the transmitter and receiver. VHF broadcasting system enables automatic identification and help in sharing information between vessels and shore based stations. In terms of market revenue SATCOM antennas are the most dominant antenna type. These antennas provide satellite reception with strong signal coverage and have the combination of high performance and ease of use for onboard entertainment. SATCOM antennas facilitate broadcast services in harshest weather conditions. Applications of SATCOM antennas include voice and fax services, corporate networking, internet connectivity and real-time video. The market for SATCOM antennas was estimated to be $216.36 million in 2015.

Asia-Pacific region is estimated to be the fastest growing market for maritime antennas globally. The market in the APAC region is highly dominated by China which is slowly becoming the leading recreational boat market. The Chinese government has issued its National outline for Tourism and Leisure which has created high demand for leisure vessels. China is also the largest fishing vessel market globally. The Asia-Pacific market for maritime antennas is estimated to grow at a CAGR of 9.03% and is forecast to reach $186.57 million by 2023.

The major players in this market Include:

  • Intellian Technologies (U.S.)
  • KVH Industries (U.S.)
  • Raymarine (United Kingdom)
  • Shakespeare Antenna Group (U.S.)
  • Glomex S.r.l (Italy)
  • Others

Comrod AS, Intellian Technologies, INC., Schlumberger, ORBIT Communication Systems Ltd., Paradigm Communication Systems Ltd., Comtech Telecommunications Corp., KNS Inc, Sat-Comm Broadcast Ltd, Kymeta Corporation, COBHAM plc., Inmarsat, R.A. Miller Industries, Inc., Marine Technologies LLC, Satmarin, SC, Myers Engineering International, Inc. - Coral Springs, FL, Antenna Products Corp. - Mineral Wells, TX and others.

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Major players in maritime antenna market are launching new solutions for with upgraded technology offering wireless solutions acquiring smaller companies such as component manufacturers and service providers to expand their market and to develop innovative technology. These companies have acquired many companies and partnerships to expand their market and for support for developing new technologies and to survive in major markets.

Scope of the Study: The report covers quantitative analysis including values ($M) and volumes (KT) as well as qualitative analysis of the following:

  • Market potential of several materials and end users at global, regional and country level
  • Various insulation materials in different applications and end-users
  • Competitive landscape and growth strategies
  • Trends, drivers and opportunities impacting the growth

Why buy this report?

  • Get a detailed picture of the maritime antennas market landscape and growth markets, opportunities.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market's major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.
  • More than 100 data tables and figures to assist in strategic decision making plans.

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