The VHF radio market was valued US$ 3,177.37 million in 2019 and is expected to reach US$ 6,218.05 million by 2027; it is estimated to grow at a CAGR of 8.9% during 2020–2027. North America includes developed economies, such as the US and Canada, as well as emerging economies, such as Mexico. Technological developments make North America a highly competitive market for various companies. The companies in this region are continuously developing overall business processes to meet end users’ demands for high-quality products.
MARKET SEGMENTATION By Type (Handheld, Fixed-Mount); Application (Marine, Aviation, Land) Leading VHF Radio Market Players: • • • • • • • • • •
Cedar Electronics Entel UK Limited Icom Inc. Jotron JVC Kenwood Holdings Inc. NAVICO RAYMARINE (FLIR SYSTEMS) SAILOR (SATCOM GLOBAL) UNIDEN AMERICA CORPORATION YAESU USA
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The COVID-19 IMPACT outbreak pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns and travel bans, and business shutdowns. Consumer goods is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales.