NavComms market in for 50% hike - report

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Modern maritime navigation and communications technology is set to rise in value by 50% by 2028, a report has found.

It projects the market will grow from a value of $8.6 billion in 2023 to $12.3 billion at a CAGR of 7.3% spurred on by the need for more advanced communication and control equipment, enhanced navigation, secure communications and operational efficiency.

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