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Marine Electronics Market Outlook (2024 to 2034)

The global marine electronics market size is anticipated to be worth US$ 9,941.19 million by 2034. According to the estimates, the market is projected to clock a 5.2% CAGR until 2034. In 2024, the marine electronics market size is valued at US$ 5,988.60 million.

Attribute Details
Marine Electronics Market Size, 2023 US$ 5,731.90 million
Marine Electronics Market Size, 2024 US$ 5,988.60 million
Marine Electronics Market Size, 2034 US$ 9,941.19 million
Value CAGR (2024 to 2034) 5.2%

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Key Market Highlights

Shift toward Autonomous and Unmanned Vessels Unlocks Opportunities for Market Players

Technology advancements in marine electronics and the quest for operational perfection have led to the development of autonomous and unmanned vessels, representing an enormous leap in the marine sector. These vessels offer increased productivity, cost-effectiveness, and safety through sophisticated automation, artificial intelligence, and navigation systems.

Companies can reduce operational costs by removing the need for onboard workers while improving navigational precision and lowering environmental effects. Autonomous vessels also enable product differentiation and research collaboration, establishing early adopters as industry leaders and aiding global supply chain optimization.

Leveraging this trend, Dalian Maritime Institution launched a completely autonomous research and training vessel in December 2023 that can also be operated remotely, making it one of the world's firsts.

Demand for Electric and Hybrid Propulsion Systems Rises in the Market

The transition to hybrid and electric propulsion systems is a calculated shift in line with changing market conditions. Investing in cleaner propulsion technology helps organizations become leaders in sustainable marine operations and assures compliance with strict environmental requirements.

Companies in the marine electronics industry that adopt these propulsion trends stand to earn a competitive edge, as they appeal to stakeholders who care about the environment and get a tactical advantage in the changing maritime industry.

For instance, in January 2023, Team Resolute selected GE Vernova's Power Conversion division in the United Kingdom to provide cutting-edge hybrid propulsion technology for three Fleet Solid Support (FSS) vessels owned by the United Kingdom Ministry of Defence (MOD). This partnership demonstrated the United Kingdom's dedication to improving its naval operations' effectiveness and sustainability.

Green and Sustainable Technologies Emerge as a Cornerstone of Corporate Strategies

The marine sector is making green and sustainable technology a pillar of its corporate objectives. Businesses can deal with market demands and environmental requirements by using energy-efficient electronic systems, pollution monitoring technologies, and breakthroughs in electric propulsion.

Marine electronics manufacturers that proactively use these sustainable solutions fulfill the increasing need for environmentally responsible marine operations by lowering their environmental impact and improving their brand reputation.

Marine Electronics Market Trends Analysis

Trends
  • The popularity of Electronic Chart Display and Information Systems (ECDIS) and Electronic Navigational Charts (ENCs) is increasing.
  • Advanced communication technologies, such as broadband connection, satellite communication, and high-speed data transfer, are growing increasingly in demand.
  • The navigation, training, and maintenance procedures are being improved by integrating AR and VR technology into maritime electronics.
  • Improvements in GNSS technology are increasing the precision and dependability of navigation, notably through integrating many satellite constellations.
  • Solutions for remote monitoring are becoming more common when paired with condition-based maintenance plans.
Opportunities
  • The market for marine electronics is poised for growth as smart port technologies become more prevalent. Developing technologies that seamlessly integrate vessels with intelligent port infrastructure can potentially improve port operations efficiency and optimize marine logistics.
  • The increasing interconnectivity of marine systems presents a special chance to create reliable cybersecurity solutions.
  • The shift to remote fleet management opens up new possibilities for creative modifications.
  • Investigating hydrogen fuel cell technology for use in marine environments offers a unique prospect.
  • The development of electronic navigation offers businesses an exceptional opportunity to offer all-inclusive electronic navigation solutions. More effective and secure navigation techniques can be achieved by implementing dynamic route planning, creating user-friendly interfaces, and using real-time data for decision assistance.
Challenges
  • The market is threatened by the susceptibility of marine activities to natural catastrophes like hurricanes and tsunamis. In order to offer reliable solutions for navigating and reducing risks connected with extreme weather occurrences, marine electronics must advance.
  • Data privacy issues become a possible vulnerability since maritime electronics include the gathering and sharing sensitive data. Businesses need to react to these concerns with strong data protection policies to keep stakeholders' trust.
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Comparative View of Markets Adjacent to Marine Electronics

This section compares the Consumer Electronics and the Wearable Electronics Market. According to the analysis, A combination of advancing technology, shifting customer preferences, and general industry trends has led to the growth of the wearable, consumer, and marine electronics markets.

The marine electronics industry is driven by ongoing innovation and the development of autonomous and unmanned technologies that improve environmental compliance, vessel efficiency, and safety while meeting the needs of an expanding global commerce landscape.

Concurrently, the market for consumer electronics is expanding due to ongoing innovation, a wide range of products, and the incorporation of Internet of Things technology. Globally rising levels of disposable income combined with the convenience of shopping through online retailers encourage people to spend money on high-end electronics, such as smart TVs and smartphones.

The growing demand for wearable electronic devices such as fitness trackers and smartwatches is boosted by a focus on health and fitness trends. Sensor technology advancements give reliable health measurements, while wearables' easy interaction with smartphones and fashion-forward approach appeal to a wide range of consumers. The rise of remote work and the demand for continual connectivity have accelerated the adoption of wearable gadgets.

Marine Electronics Market:

Attributes Marine Electronics Market
CAGR (2024 to 2034) 5.2%
Growth Factors
  • Development of new technologies boosts market growth.
  • Expansion of global trade and shipping activities surges demand.
Future Opportunities Growth of autonomous and unmanned vessels.
Market Trends Rising adoption of advanced communication systems.

Consumer Electronics Market:

Attributes Consumer Electronics Market
CAGR (2024 to 2034) 5.80%
Growth Factors
  • Increasing investments for expansion in emerging economies.
  • Continued innovation in connected electronics.
Future Opportunities Increased expenditure on electronic products.
Market Trends Lifestyle changes like rise of remote work and online learning.

Wearable Electronics Market:

Attributes Wearable Electronics Market
CAGR (2024 to 2034) 14.5%
Growth Factors
  • Increasing advancements in sensor technologies.
  • Growing adoption in healthcare and medicine industry.
Future Opportunities Launch of new and improved products.
Market Trends Increasing adoption in South Asia and Pacific.

Category-wise Insights

Hardware Dominates as the Top Component for Marine Electronics

Segment Hardware (Component)
Value Share (2024) 42.8%

Based on component, the hardware segment holds 42.8% of marine electronics market shares in 2024.

  • Predictive maintenance and real-time monitoring are growing more prevalent aboard vessels. Hardware elements like sensors, monitoring devices, and condition monitoring systems are needed for this in order to collect information, identify anomalies, and enable proactive maintenance, which minimizes downtime and maximizes operational effectiveness.
  • As international trade and transportation grow, there is a greater need for dependable and durable hardware components. Hardware for international commerce vessels must be resilient to various operational difficulties and climatic conditions to provide secure and uninterrupted navigation and communication.

Marine Merchant Continues to be the Leading Application for Marine Electronics

Segment Marine Merchant (Application)
Value Share (2024) 25.7%

Based on application, the marine merchant segment captured 25.7% of marine electronics market shares in 2024.

  • The merchant marine sector is progressively adopting new technologies to improve operating efficiency. Modern maritime electronics are essential for route optimization, fuel economy, and safe and timely cargo delivery. These electronics include monitoring tools, communication systems, and navigation systems.
  • Merchant vessels are rapidly implementing energy-efficient systems to lessen their influence on the environment and fuel consumption. By integrating systems like smart propulsion, tracking fuel efficiency, and implementing eco-friendly technology, maritime electronics help to manage energy onboard efficiently.

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Country-wise Insights

Countries Value CAGR (2024 to 2034)
United States 2.1%
Germany 4.7%
China 5.7%
Japan 6.4%
Australia & New Zealand 8.7%

Growth of Offshore Wind Energy Projects Fuels Demand in the United States

The demand for marine electronics in the United States is anticipated to rise at a 2.1% CAGR through 2034.

  • The expansion of offshore wind energy projects around the United States coast is raising the demand for maritime electronics that are specifically designed to meet the requirements for offshore operations. Businesses that offer customized electronic solutions for communication, navigation, and monitoring in offshore wind farms are profiting from this new market niche.
  • Ports and navigational channels are important examples of the marine infrastructure the United States government strategically focuses on improving. The demand for advanced marine electronics is boosted by increased investment in these sectors, establishing the United States as a center for cutting-edge maritime technology, supporting modernization programs, and economic competitiveness.

Digitalization in Shipbuilding Surges Market Growth in Germany

The sales of marine electronics in Germany are projected to amplify at a 4.7% CAGR through 2034.

  • The shipbuilding sector in Germany is going through a digital revolution, with a particular emphasis on connectivity and digitization. Shipbuilders are driving the demand for marine electronics by incorporating cutting-edge electrical systems into their designs. The performance and usefulness of the vessel as a whole are improved via digital twin solutions, IoT-enabled parts, and smart ship technology.
  • The marine industry in Germany is benefiting from the wider acceptance of Industry 4.0 concepts, which are promoting the integration of smart technology and data-driven solutions. This digitization movement supports the marine electronics industry, as companies match their products with Industry 4.0 concepts to improve competitiveness and operational efficiency.

Growing Dominance in Global Trade Fuels Demand in China

The growth of the marine electronics market in China is estimated at a 5.7% CAGR through 2034.

  • The demand for advanced marine electronics is fueled by China's dominance in international trade as an essential importer and exporter. Being the most significant trading nation in the world, it depends on cutting-edge communication systems, monitoring systems, and navigation systems to enable the smooth transportation of commodities, which drives up demand for marine electronics.
  • Market expansion is facilitated by China's proactive use of e-navigation technologies, which include real-time navigation updates, electronic charting, and vessel tracking. Modern marine electronic navigation systems, which improve safety, efficiency, and adherence to international maritime norms, are progressively being used by Chinese marine vessels.

Promotion of Maritime Autonomous Surface Ships (MASS) Stimulates Growth in Japan

The demand for marine electronics in Japan is predicted to surge at a 6.4% CAGR through 2034.

  • The development and use of Maritime Autonomous Surface Ships (MASS) are aggressively encouraged by Japan. Japanese businesses are driving the market boom by making investments in marine electronic systems that support MASS for activities like remote operations, autonomous navigation, and accident avoidance, establishing Japan as a leader in this changing sector.
  • The investigation of augmented reality (AR) in marine navigation by Japan contributes to the expansion of the market. Japanese businesses are investing in electronic systems that use augmented reality (AR) technology for navigational displays. This improves situational awareness and helps to make marine operations safer and more effective.

Advent of Marine Biotechnology Fosters Sales in Australia & New Zealand

The sales of marine electronics in Australia and New Zealand are projected to escalate at an 8.7% CAGR through 2034.

  • The development of marine biotechnology in the two countries has given rise to a distinct market niche. Market expansion is facilitated by electronic systems that enable maritime research, data gathering, and ecological monitoring. Demand for marine electronic solutions that support data-driven decision-making and scientific discovery is rising as the marine biotechnology industry grows.
  • The demand for marine electronics that solve connection issues is fueled by Australia and New Zealand's extensive maritime domains, which include isolated island locations. Electronic solutions that offer dependable navigation, communication, and monitoring capabilities in places with inadequate infrastructure and enhance operating efficiency in remote marine environments have an impact on the market's evolution.

Competitive Landscape

The marine electronics industry is highly competitive, with prominent companies such as Garmin, Raymarine, Furuno, and Kongsberg Maritime contending for market supremacy. Focusing on technical innovation, broad product portfolios, and strategic partnerships fosters intense competition.

Companies are aggressively investing in R&D, pursuing mergers and acquisitions, and forming alliances to deliver comprehensive solutions. Winning contracts from large shipbuilders and government agencies is critical, demonstrating the value of building a strong market presence.

Recent Developments

  • In January 2024, Cambridge Pixel, located in the United Kingdom, released a new software package to help instructors and students learn how to use marine radars properly. SPx Radar Trainer is intended to make it easier for students to become acquainted with radar controls by giving a current simulation of a typical radar display accompanied by charts and 3D environment views.
  • In November 2023, Simrad® Marine Electronics, a pioneer in marine electronics and navigation, launched its new HALO® 5000 solid-state radar for the commercial sector, designed to give commercial boats improved situational awareness, lower ownership costs, and flexible installation options.

Key Players in the Marine Electronics Market

  • Garmin Ltd.
  • Raymarine (a division of FLIR Systems)
  • Furuno Electric Co., Ltd.
  • Kongsberg Maritime AS
  • Navico
  • Wärtsilä Corporation
  • Northrop Grumman Corporation
  • SIMRAD (part of Kongsberg Maritime)
  • Thales Group
  • Tokyo Keiki Inc.
  • B&G (Brookes & Gatehouse, a Navico brand)
  • L3Harris Technologies, Inc.
  • Japan Radio Co., Ltd.
  • FLIR Systems, Inc.
  • ATLAS ELEKTRONIK GmbH

Key Coverage in the Marine Electronics Market Report

  • Adjacent Study on the Marine Electronics Device Market, Marine Electronics and Marine Navigation Market and the Marine Electronics and Accessories Market
  • Ranking of the Top 22 Companies in Marine Electronics
  • Applications and Considerations for Marine Electronics
  • Insights on Marine Electronics Supply and Installations
  • Analysis of the Top 10 New Marine Electronics

Marine Electronics Market Segmentation

By Component:

  • Hardware
    • GPS & Radar Systems
    • Multi-function Navigation
    • Fish Finders/SONAR Modules
    • Thermal & Visible Cameras
    • Marine Electrical Screeners
    • Marine VHF Communication Devices
    • Audio/Video Equipment
    • Marine Autopilots
    • Autonomous Identification Systems
    • Analogue & Digital Communication Displays
    • Satellite TVs
  • Software

By Application:

  • Merchant Marine Electronics
  • Fishing Vessel Electronics
  • Yacht/Recreation Boat Electronics
  • Military Naval Electronics
  • Autonomous Shipping Electronics
  • Smart Boat Electronics
  • Underwater Drone Electronics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Japan

Frequently Asked Questions

How Big is the Marine Electronics Market?

The marine electronics market is valued at US$ 5,988.60 million in 2024.

What is the Projected CAGR of the Marine Electronics Market?

The marine electronics market size is estimated to increase at a 5.2% CAGR through 2034.

What is the Future Outlook for the Marine Electronics Market?

The marine electronics market is anticipated to be worth US$ 9,941.19 million by 2034.

Which is the Leading Component in the Marine Electronics Market?

Hardware witnesses high demand in the industry.

Which Country is Rising at a Higher CAGR in the Marine Electronics Market?

The marine electronics market in Australia & New Zealand is predicted to rise at an 8.7% CAGR through 2034.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034

    4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Component Type, 2019 to 2023

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component Type, 2024 to 2034

        5.3.1. Hardware

        5.3.2. Software

    5.4. Y-o-Y Growth Trend Analysis By Component Type, 2019 to 2023

    5.5. Absolute $ Opportunity Analysis By Component Type, 2024 to 2034

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034

        6.3.1. Merchant Marine Electronics

        6.3.2. Fishing Vessel Electronics

        6.3.3. Yacht/Recreation Boat Electronics

        6.3.4. Military Naval Electronics

        6.3.5. Autonomous Shipping Electronics

        6.3.6. Smart Boat Electronics

        6.3.7. Underwater Drone Electronics

    6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023

    6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023

    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Component Type

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Component Type

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Component Type

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Component Type

        9.3.3. By Application

    9.4. Key Takeaways

10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. UK

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Component Type

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Component Type

        10.3.3. By Application

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Component Type

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Component Type

        11.3.3. By Application

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Component Type

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Component Type

        12.3.3. By Application

    12.4. Key Takeaways

13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Component Type

        13.2.3. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Component Type

        13.3.3. By Application

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Component Type

        14.2.3. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Component Type

        14.3.3. By Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2023

            15.1.2.1. By Component Type

            15.1.2.2. By Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2023

            15.2.2.1. By Component Type

            15.2.2.2. By Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2023

            15.3.2.1. By Component Type

            15.3.2.2. By Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2023

            15.4.2.1. By Component Type

            15.4.2.2. By Application

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2023

            15.5.2.1. By Component Type

            15.5.2.2. By Application

    15.6. UK

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2023

            15.6.2.1. By Component Type

            15.6.2.2. By Application

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2023

            15.7.2.1. By Component Type

            15.7.2.2. By Application

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2023

            15.8.2.1. By Component Type

            15.8.2.2. By Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2023

            15.9.2.1. By Component Type

            15.9.2.2. By Application

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2023

            15.10.2.1. By Component Type

            15.10.2.2. By Application

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2023

            15.11.2.1. By Component Type

            15.11.2.2. By Application

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2023

            15.12.2.1. By Component Type

            15.12.2.2. By Application

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2023

            15.13.2.1. By Component Type

            15.13.2.2. By Application

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2023

            15.14.2.1. By Component Type

            15.14.2.2. By Application

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2023

            15.15.2.1. By Component Type

            15.15.2.2. By Application

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2023

            15.16.2.1. By Component Type

            15.16.2.2. By Application

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2023

            15.17.2.1. By Component Type

            15.17.2.2. By Application

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2023

            15.18.2.1. By Component Type

            15.18.2.2. By Application

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2023

            15.19.2.1. By Component Type

            15.19.2.2. By Application

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2023

            15.20.2.1. By Component Type

            15.20.2.2. By Application

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2023

            15.21.2.1. By Component Type

            15.21.2.2. By Application

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2023

            15.22.2.1. By Component Type

            15.22.2.2. By Application

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2023

            15.23.2.1. By Component Type

            15.23.2.2. By Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Component Type

        16.3.3. By Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. FLIR Systems Inc.

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

        17.1.2. Garmin Ltd.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

        17.1.3. Transas

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

        17.1.4. Icom Inc.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

        17.1.5. Furuno Electric Co.Ltd.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

        17.1.6. Kongsberg Maritime

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

        17.1.7. SRT Marine Systems plc

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

        17.1.8. Navico

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

        17.1.9. Northrop Grumman Sperry Marine B.V.

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

        17.1.10. Japan Radio Co.Ltd.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 5: North America Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 6: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 8: Latin America Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 9: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 11: Western Europe Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 12: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 14: Eastern Europe Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 15: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 20: East Asia Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 21: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Component Type, 2019 to 2034

Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Sudip Saha
Sudip Saha

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 7: Global Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 8: Global Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 9: Global Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 10: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 13: Global Market Attractiveness by Component Type, 2024 to 2034

Figure 14: Global Market Attractiveness by Application, 2024 to 2034

Figure 15: Global Market Attractiveness by Region, 2024 to 2034

Figure 16: North America Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 17: North America Market Value (US$ Million) by Application, 2024 to 2034

Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 22: North America Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 23: North America Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 24: North America Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 25: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 28: North America Market Attractiveness by Component Type, 2024 to 2034

Figure 29: North America Market Attractiveness by Application, 2024 to 2034

Figure 30: North America Market Attractiveness by Country, 2024 to 2034

Figure 31: Latin America Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 32: Latin America Market Value (US$ Million) by Application, 2024 to 2034

Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 37: Latin America Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 43: Latin America Market Attractiveness by Component Type, 2024 to 2034

Figure 44: Latin America Market Attractiveness by Application, 2024 to 2034

Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 46: Western Europe Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 47: Western Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 52: Western Europe Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 55: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 58: Western Europe Market Attractiveness by Component Type, 2024 to 2034

Figure 59: Western Europe Market Attractiveness by Application, 2024 to 2034

Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 61: Eastern Europe Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 62: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 73: Eastern Europe Market Attractiveness by Component Type, 2024 to 2034

Figure 74: Eastern Europe Market Attractiveness by Application, 2024 to 2034

Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 76: South Asia and Pacific Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 77: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034

Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 88: South Asia and Pacific Market Attractiveness by Component Type, 2024 to 2034

Figure 89: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034

Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 91: East Asia Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 92: East Asia Market Value (US$ Million) by Application, 2024 to 2034

Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 97: East Asia Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 98: East Asia Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 100: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 101: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 103: East Asia Market Attractiveness by Component Type, 2024 to 2034

Figure 104: East Asia Market Attractiveness by Application, 2024 to 2034

Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 106: Middle East and Africa Market Value (US$ Million) by Component Type, 2024 to 2034

Figure 107: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034

Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Component Type, 2019 to 2034

Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Component Type, 2024 to 2034

Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034

Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 118: Middle East and Africa Market Attractiveness by Component Type, 2024 to 2034

Figure 119: Middle East and Africa Market Attractiveness by Application, 2024 to 2034

Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

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