DUBLIN--(BUSINESS WIRE)--The "Global Marine Electronics Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The marine electronics market and is forecast to grow by $1765.93 mn during 2022-2027, accelerating at a CAGR of 5.64% during the forecast period. The publisher's 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 an increase in the adoption of GPS systems, a growing focus on improving marine transportation safety, and a rise in seaborne trade.
The publisher'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, the growing use of passive radars and developments in SAS technology will lead to sizable demand in the market.
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.
The publisher's report on the marine electronics market covers the following areas:
- Marine electronics market sizing
- Marine electronics market forecast
- Marine electronics market industry analysis
The publisher's 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., Raytheon Technologies Corp., 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 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 and vendor landscape in addition to an analysis of the key vendors.
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 research - both primary and secondary. The publisher's 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.
Executive Summary:
The publisher recognizes the following companies as the key players in the global marine electronics market: 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., Raytheon Technologies Corp., Sound Metrics Corp., SRT Marine Systems Plc, Teledyne Technologies Inc., thyssenkrupp AG, and Ultra Electronics Holdings Plc.
Commenting on the report, an analyst from the publisher said: 'The latest trend gaining momentum in the market is increasing deployment of UUVs.'
According to the report, one of the major drivers for this market is the increase in the adoption of GPS systems.
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 and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
- 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.
- Raytheon Technologies Corp.
- Sound Metrics Corp.
- SRT Marine Systems Plc
- Teledyne Technologies Inc.
- thyssenkrupp AG
-
Ultra Electronics Holdings Plc
For more information about this report visit https://www.researchandmarkets.com/r/awtxao
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