VHF data exchange system (VDES) is pivotal in maritime communication, offering higher bandwidth for real-time data exchange. Integrating with AIS, enhances navigation safety by sharing vessel information. VDES supports IoT applications, enabling the monitoring of vessel conditions and fuel consumption. Its efficiency in congested waterways ensures reliable communication in busy maritime areas. The system aids search and rescue operations by transmitting distress alerts. VDES adheres to global standards, fostering international harmonization.
According to Data Bridge Market Research analyses the Global VHF Data Exchange System (VDES) Market is expected to reach a value of USD 4,24,875.96 thousand by 2030, at a CAGR of 16.1% during the forecast period of 2023 to 2030.
"Marine security development boosts the market growth"
The global VHF data exchange system (VDES) Market serves as a key driver due to its pivotal role in enhancing marine security. VDES enables real-time surveillance and communication, aiding in the prevention of dangerous activities such as piracy and smuggling. Regulatory initiatives, particularly from governments such as the U.S., mandate the adoption of VDES, driving market demand. The positive impact on market growth stems from the growing emphasis on maritime security infrastructure globally. VDES fosters international collaboration, contributing to a harmonized and interoperable global maritime communication network.
What restraints the growth of the global VHF data exchange system (VDES) market?
“High initial cost hinders the market growth”
The global VHF data exchange system (VDES) market faces a restraint due to the high initial cost associated with its key component, the multi-polarized antenna, composed of copper and aluminum. Escalating prices of these raw materials increases manufacturing expenses, making VDES devices expensive. Private organizations find it challenging to afford VDES for vessel tracking, hindering market growth. Despite efforts to optimize cost-effectiveness, factors such as inflation in North America and Europe contribute to the elevated costs. The cost of VHF Antennas, at USD 79.45 per unit, further adds to the overall expense, acting as a significant barrier to market adoption.
Segmentation: Global VHF Data Exchange System (VDES) Market
The global VHF data exchange system (VDES) market is segmented on the basis of component, communication system, usage type, and end-user.
- On the basis of component, the global VHF data exchange system (VDES) market is segmented into antenna, transceiver, ECDIS, and others
- On the basis of communication system, the global VHF data exchange system (VDES) market is segmented into shore to ship, ship to shore, satellite to ship, ship to satellite, and ship to ship
- On the basis of usage type, the global VHF data exchange system (VDES) market is segmented into vessel traffic service (VTS) communication, search, and rescue (SAR) communication, maritime safety information (MSI), ship reporting, route exchange, charts and publications, and logistics
- On the basis of end-user, the global VHF data exchange system (VDES) market is segmented into shore, ships, and satellites
Regional Insights: Europe is expected to dominate the Global VHF Data Exchange System (VDES) Market
Europe is expected to dominate the market due to robust investment in R&D, strategic partnerships, a supportive regulatory environment, and a skilled workforce. The region's commitment to innovation, coupled with collaborative initiatives among market players, enhances competitiveness. Well-established infrastructure, government support, and a focus on sustainable technologies further solidify Europe's dominance, positioning its companies as leaders in emerging markets and global industries.
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Recent Developments in Global VHF Data Exchange System (VDES) Market
- In November 2021, AAC Clyde secured a contract from U.S. Aegis Aerospace for a satellite mission serving the U.S. Department of Defense. This initiative involves hosting research and technology payloads in Low Earth Orbit (LEO) as part of the DoD Space Test Program. The order signifies a significant growth opportunity for AAC Clyde, expanding its presence and customer base in the defense sector, leading to increased revenues
- In November 2017, CML Microcircuits unveiled its advanced VHF data exchange system (VDES) module, utilizing a Software Defined Radio (SDR) solution. Integrated with state-of-the-art technology digitizing the entire maritime band (156.025 – 162.025 MHz), this innovation has allowed CML to broaden its marine communication product line. The successful product launch has resulted in substantial revenue growth for the company
The Prominent Key Players Operating in the Global VHF Data Exchange System (VDES) Market Include:
- KONGSBERG (Norway)
- Saab (Sweden)
- AAC Clyde Space (U.K.)
- CML Microcircuits (U.K.)
- Alen Space (Spain)
- ORBCOMM (U.S.)
- Cellnex (Spain)
- Rapid Mobile (Pty) Ltd. (South Africa)
- Stone Three (South Africa)
- Sternula (U.K.)
- Egatel S.L. (Spain)
- Gradient (U.S.)
- Spire Global (U.S.)
- The European Space Agency Multinational (France)
Above are the key players covered in the report, to know about more and exhaustive list of global VHF data exchange system (VDES) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global VHF Data Exchange System (VDES) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
