Sorry I am late replying, but yes, it tests ALL protocols including MMSI.
It has a built in dummy load for a direct connection.
I suppose that the people interested in this product would be shops that
work on commercial vessels, since SOLAS reg IV/15.9 requires annual
verification of the 406 mhz beacon ID.
I do not really know the marine market though, I have approached a few
marine electronic distributors and they had no interest. I am not sure
how the shops that would need this get their test equipment.
Terry