This North America VHF Data Exchange System (VDES) Market report expected to gain market growth in the forecast period of 2022 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 14.8% in the forecast period of 2022 to 2028 and expected to reach USD 63,183.51 thousand by 2028. Growing number of maritime operations is one of the prominent factors that drive growth of the market.
Rising global trade and marine traffic is creating major demand for the VHF Data Exchange System (VDES) to enhance the control over operations. The competition in the market is getting severe as market players are expanding their presence, service and support for North America market. For instance, In October 2020, AAC Clyde Space has announced the acquisition of SpaceQuest, Ltd for USD 8.40 million. All the shares of SpaceQuest, Ltd will be transferred to the company. SpaceQuest is a small yet successful satellite company operating in Space as a Service (SaaS) business. This acquisition will help the company to expand their operations in the U.S. as well as market these offerings to their wide customer base which in turn will generate higher revenues.
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- On the basis of components, the VHF data exchange system (VDES) market has been segmented into antenna, transceiver, ECDIS and others. In 2022, transceiver segment holds the highest market share in components segment and is expected to grow at the highest CAGR as cost investment for this device is higher.
- On the basis of channel frequency, the VHF data exchange system (VDES) market has been segmented into less than 25 KHz and more than 25 KHz. In 2022, less than 25 KHz segment accounted for the largest market share and is expected to grow at highest CAGR as AIS is upgraded to VDES and AIS mostly uses frequencies in range of Less than 25 KHz.
- On the basis of end use, the VHF data exchange system (VDES) market has been segmented into ships, satellites and shore. In 2022, ships segment dominates the end use segment and is expected to grow at the highest CAGR as companies are focusing on transforming AIS of ships to VHF data exchange system (VDES) on primary basis.
- The U.S is expected to dominate the North America VHF data exchange system (VDES) market as the private players are rapidly building newer satellite technologies. Also, increasing marine security threats have pushed the naval forces in adopting VDES for communication. Canada is expected to dominate the VHF Data Exchange System (VDES) market after U.S. as the government is heavily involved in developing the VDES technology. They are also collaborating with other national space agencies and exchanging expertise among each other to develop this technology.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: North America VHF Data Exchange System (VDES) Market analysis
- Chapter 3: Regional analysis of the North America VHF Data Exchange System (VDES) Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and analysis
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The major players covered in the North America VHF data exchange system (VDES) market report are Rapid Mobile (Pty) Ltd, CML Microcircuits (a subsidiary of CML Microsystems Plc), Saab, ORBCOMM, exactEarth and KONGSBERG among others.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in North America VHF Data Exchange System (VDES) Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2027?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the North America VHF Data Exchange System (VDES) Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the North America VHF Data Exchange System (VDES) Market?
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