Marine Electronics Market

Marine electronics refers to electronics devices designed and classed for use in the marine environment on board ships and yachts where even small drops of salt water will destroy electronics devices. Therefore, the majority of these types of devices are either water resistant or waterproof.
Marine Electronics Market aims to provide a comprehensive presentation of the global market for Marine Electronics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Electronics. Marine Electronics Market contains market size and forecasts of Marine Electronics in global, including the following market information:
Global Marine Electronics Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Marine Electronics market was valued at US$ 12940 million in 2022 and is projected to reach US$ 17730 million by 2029, at a CAGR of 4.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For applications of global marine electronics consumption, merchant marine is the largest segment with a market share of nearly 32% in 2019. Fishing vessel and yachts/recreation accounted for about 23% and 22% of the global market, respectively.

Among the global regions , the Europe held the largest the market share with 34% in 2019,while United States occupied about 31% of the market share.
We surveyed the Marine Electronics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Marine Electronics Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Marine Electronics Market Segment Percentages, by Type, 2022 (%)
GPS & Radar Systems
Fish Finders & Sonar
Marine Autopilots
Communication Equipment
Audio & Video Equipment
Global Marine Electronics Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Marine Electronics Market Segment Percentages, by Application, 2022 (%)
Merchant Marine
Fishing Vessel
Yachts/Recreation
Military
Underwater Drones
Global Marine Electronics Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Marine Electronics Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Marine Electronics revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Marine Electronics revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Furuno
W?rtsil?
Garmin
Kongsberg Maritime
Navico
ThyssenKrupp Marine Systems
JRC
Northrop Grumman
FLIR Systems
Thales Group
Ultra Electronics
Raytheon Ansch?tz
ICOM
Johnson Outdoors
Highlander
Kraken Robotics
Neptune Sonar
Outline of Major Chapters:
Chapter 1: Introduces the definition of Marine Electronics, market overview.
Chapter 2: Global Marine Electronics market size in revenue.
Chapter 3: Detailed analysis of Marine Electronics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Marine Electronics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.