Marine Electronics Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Vessel Type (Merchant Vessels, Fishing Vessels, Recreational Boats), By Application, By Region, and Segment Forecasts, 2025 - 2030

Marine Electronics Market Summary

The global marine electronics market size was estimated at USD 6.66 billion in 2024 and is projected to reach USD 9.73 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. The growth of the market is driven by increasing demand for advanced navigation, communication, and automation systems to enhance maritime safety, efficiency, and regulatory compliance, supported by growing adoption of IoT, satellite connectivity, and smart ship technologies.

The global marine electronics market is driven by increasing demand for advanced navigation, communication, and safety systems across commercial and recreational vessels. Growing concerns about maritime safety, regulatory requirements, and the need for efficient route planning contribute to heightened adoption of electronic systems. Enhanced awareness of fuel efficiency and operational cost reduction encourages integration of innovative electronic solutions. Moreover, rising maritime activities, including fishing, shipping, and leisure boating, stimulate consistent use of marine electronics.

Moreover, the growth is driven by ongoing technological advancements that improve marine equipment's accuracy, connectivity, and automation. Innovations such as integrated bridge systems, digital chart displays, and real-time data transmission enhance vessel management and operational decision-making. Expanding deployment of Internet of Things (IoT) and AI in marine electronics enables predictive maintenance and environmental monitoring, driving further demand. Increasing investments in upgrading fleets and modernizing maritime infrastructure contribute to expanding marine electronics applications worldwide.

Furthermore, rising environmental regulations and emphasis on sustainable maritime operations encourage the adoption of electronics that support energy efficiency and emission reduction. The development of smart ports and digital maritime ecosystems creates additional requirements for communication and tracking technologies. Increased consumer interest in recreational boating and water sports also broadens the market's scope, encouraging manufacturers to offer user-friendly, connected devices. Collectively, these factors shape ongoing growth and diversification in the marine electronics market.

Global Marine Electronics Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global marine electronics market report based on component, vessel type, application, and region:

• Component Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
• Software
• Services
• Vessel Type Outlook (Revenue, USD Million, 2017 - 2030)
• Merchant Vessels
• Fishing Vessels
• Recreational Boats
• Others
• Application Outlook (Revenue, USD Million, 2017 - 2030)
• Navigation System
• Communication System
• Entertainment System
• Others
• Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Middle East and Africa (MEA)
• UAE
• KSA
• South Africa

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