Global Marine Navigation Systems Market Growth (Status and Outlook) 2023-2029

Global Marine Navigation Systems Market Growth (Status and Outlook) 2023-2029

Marine Navigation Systems consist of Chart Plotter and Electronic Navigation Chart. A Chart plotter is a device used in marine navigation that integrates GPS data with an electronic navigational chart (ENC). The chart plotter displays the ENC along with the position, heading and speed of the ship, and may display additional information from radar, automatic information systems (AIS) or other sensors.

LPI (LP Information)' newest research report, the “Marine Navigation Systems Industry Forecast” looks at past sales and reviews total world Marine Navigation Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Navigation Systems sales for 2023 through 2029. With Marine Navigation Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Navigation Systems industry.

This Insight Report provides a comprehensive analysis of the global Marine Navigation Systems 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 Navigation Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Navigation Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Navigation Systems 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 Navigation Systems.

The global Marine Navigation Systems market size is projected to grow from US$ 1327.8 million in 2022 to US$ 1764.9 million in 2029; it is expected to grow at a CAGR of 4.1% from 2023 to 2029.

An electronic navigational chart or ENC is an official database created by a national hydrographic office for use with an Electronic Chart Display and Information System (ECDIS). An electronic chart must conform to standards stated in the International Hydrographic Organization (IHO) Publication S-57 before it can be certified as an ENC. Only ENCs can be used within ECDIS to meet the International Maritime Organisation (IMO) performance standard for ECDIS.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Navigation Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Chart Plotter
Electronic Navigation Chart
Others

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.
Danelec Marine
Flir Systems
Furuno Electric
Honeywell
Kongsberg Maritime
Northrop Grumman Sperry Marine
Periskal
Raytheon AnschüTz
Safran Electronics & Defense
Wartsila

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