Global Marine Electronics Market 2025-2029

Marine Electronics Market 2025-2029

The marine electronics market is forecasted to grow by USD 1817.9 million during 2024-2029, accelerating at a CAGR of 5.3% during the forecast period. The report on the marine electronics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in adoption of gps systems, growing focus on improving marine transportation safety, and rise in seaborne trade.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's marine electronics market is segmented as below:

By Component

• Hardware
• Software

By Product

• SONAR systems
• Radars
• GPS tracking devices

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the increasing deployment of uuvs as one of the prime reasons driving the marine electronics market growth during the next few years. Also, growing use of passive radars and developments in SAS technology will lead to sizable demand in the market.

The report on the marine electronics market covers the following areas:

• Marine Electronics Market sizing
• Marine Electronics Market forecast
• Marine Electronics Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine electronics market vendors that include Adrie Marine Electronics Solutions Pvt. Ltd., Elcome International LLC, Furuno Electric Co. Ltd., Garmin Ltd., Icom America Inc., Japan Radio Co. Ltd., Johnson Outdoors Inc., Kongsberg Gruppen ASA, Kraken Robotics Inc., Marine Electronics, Navico, Neptune SONAR Ltd., Northrop Grumman Corp., R2SONIC Inc., Raymarine, Sound Metrics Corp., SRT Marine Systems PLC, Teledyne Technologies Inc., thyssenkrupp AG, and Ultra Electronics Holdings PLC. Also, the marine electronics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.