Global Marine Electronic Navigation System Market Growth 2023-2029

Global Marine Electronic Navigation System Market Growth 2023-2029

An Marine Electronic Navigation System, is also know as Electronic Chart Display and Information System (ECDIS). (is a geographic information system used for nautical navigation that complies with International Maritime Organization (IMO) regulations as an alternative to paper nautical charts. IMO refers to similar systems not meeting the regulations as Electronic Chart Systems (ECSs).
The Marine Electronic Navigation System industry can be broken down into several segments, Vector Chart (ENC), Raster Chart (RNC), Electronic Chart Display and Information Systems (ECDIS), Others, etc.
Across the world, the major players cover Raytheon Anschütz GmbH, Simrad Yachting, B&G Company, Raymarine Marine Electronics, Furuno Electric Co., Ltd, SPOT LLC., KVH Industries, Inc., Icom America Inc., Jeppesen Sanderson, Inc., FLIR Systems, Inc., etc.
LPI (LP Information)' newest research report, the “Marine Electronic Navigation System Industry Forecast” looks at past sales and reviews total world Marine Electronic Navigation System sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Electronic Navigation System sales for 2023 through 2029. With Marine Electronic Navigation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Electronic Navigation System industry.
This Insight Report provides a comprehensive analysis of the global Marine Electronic Navigation System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine Electronic Navigation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Marine Electronic Navigation System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Electronic Navigation System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Electronic Navigation System.
The global Marine Electronic Navigation System market size is projected to grow from US$ 292.5 million in 2022 to US$ 258.2 million in 2029; it is expected to grow at a CAGR of 258.2 from 2023 to 2029.
Global key players of Marine Electronic Navigation System include B&G Company, Simrad Yachting, RH Marine, Furuno Electric, Raytheon Anschütz, DANELEC MARINE and Northrop Grumman Sperry Marine, etc. Top three players occupy for a share about 43%. Asia-Pacific is the largest market, with a share about 42%, followed by Europe and North America. In terms of product, Vector Chart (ENC) is the largest segment, with a share over 50%, closely followed by Raster Chart (RNC). In terms of application, Commercial is the largest market, with a share over 70%.
This report presents a comprehensive overview, market shares, and growth opportunities of Marine Electronic Navigation System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Vector Chart (ENC)
Raster Chart (RNC)
Segmentation by application
Defense
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
RH Marine
Furuno Electric
Raytheon Anschütz
DANELEC MARINE
Northrop Grumman Sperry Marine
StormGeo(Nautisk)
Kongsberg Maritime
Raymarine Marine Electronics
Japan Radio
B&G Company
Simrad Yachting
Highlander
Dalian Navtech Information
Xinuo Information Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Marine Electronic Navigation System market?
What factors are driving Marine Electronic Navigation System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Marine Electronic Navigation System market opportunities vary by end market size?
How does Marine Electronic Navigation System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.