Marine Radio Market Report 2026

The marine radio market size has grown strongly in recent years. It will grow from $2.01 billion in 2025 to $2.19 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing commercial and recreational maritime activities, adoption of vhf and ssb communication systems, regulatory mandates for distress and safety communication, advancements in marine gps and dsc technologies, increasing aftermarket sales and services for marine radios.

The marine radio market size is expected to see strong growth in the next few years. It will grow to $2.95 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to integration of digital and satellite-based communication technologies, rising demand for handheld and portable marine radios, development of automated distress signaling systems, increasing adoption of integrated communication and navigation solutions, expansion in emerging markets for recreational and commercial vessels. Major trends in the forecast period include integration of ai for automated distress detection and alerting, iot-enabled marine radios for real-time vessel tracking, digital selective calling (dsc) adoption for safety compliance, enhanced satellite communication for offshore operations, waterproof and ruggedized handheld marine radios for extreme conditions.

The increasing maritime transportation is expected to propel the growth of the marine radio market going forward. Maritime transportation refers to the movement of goods, people, or services via waterways such as oceans, seas, rivers, or canals. It is rising as expanding global trade and growing international demand for goods drive seaborne cargo movement, which remains the most efficient and cost-effective method for large-scale freight transport. Marine radios serve as essential tools for ensuring safety, navigation, and communication in maritime operations, helping prevent accidents, support efficient operations, and save lives during emergencies. The reliance on marine radios for communication, navigation, and operational efficiency is fueling demand for marine radio equipment and technologies. For instance, in October 2024, according to UN Trade and Development, a Switzerland-based intergovernmental organization, global maritime trade expanded by 2.4% in 2023. Therefore, the rise in maritime transportation is driving the growth of the marine radio market.

Major companies operating in the marine radio market are developing innovative solutions such as the IP-M60 Marine VHF/LTE Hybrid Radio to enhance communication between vessels at sea. The IP-M60 Marine VHF/LTE Hybrid Radio is a versatile maritime communication device that combines traditional VHF radio with modern LTE connectivity in a single unit. For instance, in November 2023, Icom Inc., a Japan-based manufacturer of radio transmitting and receiving equipment, launched the Marine VHF+LTE Hybrid Transceiver for maritime communication. This transceiver integrates conventional VHF radio functionality with LTE capabilities, enabling seamless communication over both short and long distances. It enhances safety on the water by providing reliable voice and data transmission, even in remote areas with weak VHF signals. The device features advanced technologies for improved clarity and range, making it suitable for both recreational and commercial maritime users. Its hybrid design ensures connectivity across diverse communication environments.

In May 2023, Viasat Inc., a US-based communications company, acquired Inmarsat plc for an undisclosed amount. Through this acquisition, Viasat aims to become a global leader in satellite communications by combining its technology, network assets, and spectrum resources with Inmarsat plc’s capabilities to enhance innovation, expand service offerings, and provide faster, more reliable, secure, and flexible connectivity worldwide. Inmarsat plc is a UK-based satellite telecommunications company specializing in marine radio, maritime, aviation, and government satellite communication services.

Major companies operating in the marine radio market are Raytheon Technologies Corporation, Thales Group, SEA COM Corp, Garmin Ltd, Entel Group, JVC Kenwood Holdings Inc, Cobham plc, Kongsberg Maritime AS, Teledyne FLIR LLC, Furuno Electric Co. Ltd, Navico Group, Icom Inc, Uniden America Corporation, Cobra Electronics Corporation, Jotron AS, SRT Marine Systems plc, Samyung ENC Co. Ltd, Raymarine, Standard Horizon, Ocean Signal Ltd, SAILOR, Danelec Marine A/S, 2CL Communications Ltd, Japan Marine Engineering, Fujian Fujitsu Communication Software Co. Ltd, McMurdo Group (A division of Orolia), Weatherdock AG, Comrod Communication AS, Lars Thrane A/S, Radio Holland.

North America was the largest region in the marine radio market in 2025. The regions covered in the marine radio market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported marine radios, antennas, and communication modules have increased costs for manufacturers and end users, impacting primarily commercial shipping and offshore operations in regions like North America and Europe. Handheld and fixed-mount radios are most affected due to reliance on imported components. Positively, tariffs are driving domestic production initiatives and encouraging innovation in locally manufactured marine communication systems, creating potential for cost-optimized solutions over time.

The marine radio market research report is one of a series of new reports that provides marine radio market statistics, including marine radio industry global market size, regional shares, competitors with a marine radio market share, detailed marine radio market segments, market trends and opportunities, and any further data you may need to thrive in the marine radio industry. This marine radio market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A marine radio is a specialized communication device crafted explicitly for watercraft, boats, ships, and other vessels navigating maritime waters. Its primary functions include facilitating ship-to-ship and ship-to-shore communication, distress signaling, and coordination during emergency responses. These radios serve as indispensable tools for ensuring communication and safety at sea, enabling sailors, captains, and maritime authorities to exchange information with nearby vessels and shore-based stations.

The main categories of marine radios include fixed-mount and handheld variants. Fixed-mount marine radios are permanently installed aboard boats and ships, typically positioned in specific locations such as control panels or dashboards. They operate within frequency bands ranging from low-band VHF (49-108 MHz) to high-band VHF (169-216 MHz), low-band UHF (450-806 MHz), and high-band UHF (900-952 MHz). These radios utilize various modulation techniques such as amplitude modulation (AM), frequency modulation (FM), phase modulation (PM), and spread spectrum modulation. They find applications across diverse sectors including fisheries, transportation, leisure and recreation, among others.

The countries covered in the marine radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The marine radio market consists of sales of marine VHF radios, marine GPS systems, single-sideband (SSB) radios, digital selective calling (DSC) radios, handheld marine radios, marine radio antennas, and marine autopilots. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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