Global Marine Electronics Market 2020-2024

Global Marine Electronics Market 2020-2024

Technavio has been monitoring the marine electronics market and it is poised to grow by $ 927.70 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in seaborne trade, growing focus on improving marine transportation safety and increase in adoption of GPS systems. In addition, the rise in seaborne trade is anticipated to boost the growth of the market as well.

The marine electronics market analysis includes product segment and geographic landscapes

Technavio's marine electronics market is segmented as below:

By Product

  • Sonar systems
  • Radars
  • GPS tracking devices
By Geographic Landscapes
  • North America
  • APAC
  • Europe
  • MEA
  • South America
This study identifies the developments in SAS technology as one of the prime reasons driving the marine electronics market growth during the next few years. Also, growing use of passive radars and increasing deployment of UUVs will lead to sizable demand in the market.

Technavio 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. Our marine electronics market covers the following areas:
  • Marine electronics market sizing
  • Marine electronics market forecast
  • Marine electronics market industry analysis
Technavio'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 FLIR Systems Inc., Furuno Electric Co. Ltd., Garmin Ltd., Kongsberg Gruppen ASA, Navico, Northrop Grumman Corp., Raytheon Co., Thales Group, 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 on 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.

Technavio 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. Technavio'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 an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Electronics
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • After-sales service
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 ($ million)
        • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Sonar systems - Market size and forecast 2019- 2024
      • Table Sonar systems - Market size and forecast 2019-2024 ($ million)
      • Table Sonar systems - Year-over-year growth 2019-2024 (%)
    • Radars - Market size and forecast 2019-2024
      • Table Radars - Market size and forecast 2019-2024 ($ million)
      • Table Radars - Year-over-year growth 2019-2024 (%)
    • GPS tracking devices - Market size and forecast 2019-2024
      • Table GPS tracking devices - Market size and forecast 2019-2024 ($ million)
      • Table GPS tracking devices - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Volume drivers – Demand led growth
      • Increase in adoption of GPS systems
      • Growing focus on improving marine transportation safety
      • Rise in seaborne trade
    • Market challenges
      • High cost associated with sonar systems
      • Effects on marine life
      • Delay in defense budget sanctioning
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing deployment of UUVs
      • Growing use of passive radars
      • Developments in SAS technology
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • FLIR Systems Inc.
      • Table FLIR Systems Inc. –Overview
      • Table FLIR Systems Inc. - Business segments
      • Table FLIR Systems Inc.- Key news
      • Table FLIR Systems Inc. - Key offerings
      • Table FLIR Systems Inc. - Segment focus
    • Furuno Electric Co. Ltd.
      • Table Furuno Electric Co. Ltd. –Overview
      • Table Furuno Electric Co. Ltd. - Business segments
      • Table Furuno Electric Co. Ltd. - Key news
      • Table Furuno Electric Co. Ltd. - Key offerings
      • Table Furuno Electric Co. Ltd. - Segment focus
    • Garmin Ltd.
      • Table Garmin Ltd. –Overview
      • Table Garmin Ltd. - Business segments
      • Table Garmin Ltd. - Key offerings
      • Table Garmin Ltd. - Segment focus
    • Kongsberg Gruppen ASA
      • Table Kongsberg Gruppen ASA – Overview
      • Table Kongsberg Gruppen ASA - Business segments
      • Table Kongsberg Gruppen ASA - Key news
      • Table Kongsberg Gruppen ASA - Key offerings
      • Table Kongsberg Gruppen ASA - Segment focus
    • Navico
      • Table Navico – Overview
      • Table Navico - Product and service
      • Table Navico - Key news
      • Table Navico - Key offerings
    • Northrop Grumman Corp.
      • Table Northrop Grumman Corp. –Overview
      • Table Northrop Grumman Corp. - Business segments
      • Table Northrop Grumman Corp. - Key offerings
      • Table Northrop Grumman Corp. - Segment focus
    • Raytheon Co.
      • Table Raytheon Co. –Overview
      • Table Raytheon Co. - Business segments
      • Table Raytheon Co. - Key news
      • Table Raytheon Co. - Key offerings
      • Table Raytheon Co. - Segment focus
    • Thales Group
      • Table Thales Group – Overview
      • Table Thales Group - Business segments
      • Table Thales Group - Key news
      • Table Thales Group - Key offerings
      • Table Thales Group - Segment focus
    • thyssenkrupp AG
      • Table thyssenkrupp AG – Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key news
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
    • Ultra Electronics Holdings Plc
      • Table Ultra Electronics Holdings Plc – Overview
      • Table Ultra Electronics Holdings Plc - Business segments
      • Table Ultra Electronics Holdings Plc - Key news
      • Table Ultra Electronics Holdings Plc - Key offerings
      • Table Ultra Electronics Holdings Plc - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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