Marine Electronics Market: SEA Projected to Remain Prominent Regional Market Throughout the Forecast Period: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028)

  • Published : Jun, 2018
  • Report Code : REP-GB-2392

An Incisive, In-depth Analysis on the Marine Electronics Market

This study offers a comprehensive, 360 degree analysis on the Marine Electronics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Marine Electronics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Marine electronics comprises electronic devices designed for the marine environment. Marine electronic devices are water-resistant so that salt water cannot affect or destroy them. Marine electronic devices include marine VHF radios, chart plotters, autopilots, fish finders/sonars, radars, gyrocompasses, GPS, satellite TVs, and various audio and video devices. The marine electronics market is highly dependent on the performance of the ship industry. The marine electronics market is divided into four segments on the basis of ship/boat categories. The ships/boats taken into consideration for the marine electronics market are merchant vessels (general cargo ships, bulk carriers, containerships, and oil tankers), fishing vessels (big vessels that are allowed into the deep sea and used for commercial fishing), yachts/recreational boats (all sailing boats and vessels used for recreational activities), and military naval (all military surface vessels and boats such as surface combatants, patrol combatants, and amphibious warfare ships, and those involved in military logistics and coastal defense). The factors driving the global marine electronics market are mandatory government regulations, increasing demand from the defense sector, growing concern for safety and security, and increasing globalization and ocean trade activities.

Revenue generated by the global marine electronics market is estimated to exhibit a single digit CAGR, and hence, reach US$ 7.7 Bn by 2028. On the basis of marine electronics component type, the hardware segment is estimated to hold the largest share in 2028 of the marine electronics market. However, the marine electronics software segment is expected to exhibit the highest CAGR. On the basis of application, the marine electronics merchant vessels segment is estimated to hold approximately 53.5% of the market share in 2028. On the basis of marine electronics hardware segment, the multifunction navigation segment is estimated to exhibit a CAGR of 7.3%, during the forecast period.

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The marine electronics market in South East Asia is expected to witness the highest growth in the global market, owing to the increasing adoption of security and safety devices, and huge investments in the marine industry, complemented by the expansion of both the industries in the region.

In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in marine electronics portfolio, and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the marine electronics value chain, and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in marine electronics space. Key competitors covered in the marine electronics value chain are Furuno Electric Co., Ltd., Navico Holding AS, Garmin Ltd., FLIR Systems, Inc., Northrop Grumman Corporation (Sperry Marine), Japan Radio Co., Ltd., Wartsila SAM Electronics GmbH, Raytheon Company, Tokyo Keiki Inc., Neptune Sonar Limited, Kongsberg Maritime, ATLAS ELEKTRONIK Group, Saab AB, Icom Inc., and Elcome International LLC.

Report Synopsis

Future Market Insights offers a 10-year forecast for the global marine electronics market between 2018 and 2028. In terms of value, the marine electronics market is expected to register a CAGR of 6.5% during the forecast period. This study demonstrates the dynamics and trends of the marine electronics market, globally, across regions such as North America, Latin America, Eastern Europe, Western Europe, SEA and Other APAC, Japan, China, and Middle East and Africa, which influence the current nature and future status of the global marine electronics market over the forecast period.

Report Description 

This research report provides a detailed analysis of the global marine electronics market, and offers insights on various factors such as application and services provided by global marine electronics. The marine electronics market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. This marine electronics market report segregates the market based on services and applications across different regions, globally. Key players are introducing technology advancements in communication, which is acting as a major driver for the global marine electronics market.

The report starts with an overview of the global marine electronics market in terms of value. In addition, this section includes the analysis of key trends, drivers, and restraints which are influencing the global marine electronics market. Impact analysis of key growth drivers and restraints are included in this report to facilitate clients with crystal clear decision-making insights. The global marine electronics market is categorized on the basis of component type, application type, and region. On the basis of component type, the market is segmented into hardware and software. The hardware segment is further segmented into GPS and radar systems, multifunction navigation, fish finders/ sonar modules, thermal and visible cameras, marine VHF communication devices, audio and video equipment, marine autopilots, analogue and digital instruments, and satellite TVs. On the basis of application type, the global marine electronics market is segmented into merchant vessels, fishing vessels, yachts/ recreational boats, and military naval.

A detailed analysis has been provided for every segment in terms of market size analysis for marine electronics across different regions. It provides a market outlook for 2018–2028, and sets the forecast within the context of marine electronics, including the latest technological developments as well as service offerings in the market. This study discusses key trends within regions contributing to the growth of the  market, as well as analyses degrees at which drivers are influencing this market in regions. Key regions and countries assessed in this report include North America (U.S. and Canada), Latin America (Brazil, Mexico, and Rest of LA), Eastern Europe (Russia, Poland, and Rest of Eastern Europe), Western Europe (Germany, France, U.K., Spain, Italy, BENELUX, and Rest of WE), SEA and Other APAC (India, Australia and New Zealand, ASEAN, and Rest of APAC), Japan, China, and Middle East and Africa (GCC Countries, South Africa , Turkey, Northern Africa, and Rest of MEA).

This report evaluates the present scenario and the growth prospects of the marine electronics market across various regions, globally, for the period 2018 –2028. We have considered 2017 as the base year, and provided data for the trailing 12 months. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the marine electronics market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different services and components, and analysed based on the technology trends.

Key Segments Covered

  • By Marine Electronics Component Type

    • Hardware

      • GPS and Radar Systems

      • Multifunction Navigation

      • Fish Finders/ Sonar Modules

      • Thermal and Visible Cameras

      • Marine VHF Communication Devices

      • Audio and Video Equipment

      • Marine Autopilots

      • Analogue & Digital Instruments

      • Satellite TVs

    • Software

  • By Marine Electronics Application Type

    • Merchant Vessels

    • Fishing Vessels

    • Military Naval

    • Yachts/ Recreational Boats

Key Regions Covered

  • North America Marine Electronics Market

    • United States

    • Canada

  • Latin America Marine Electronics Market

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe Marine Electronics Market

    • Germany

    • France

    • U.K.

    • Spain

    • Italy

    • BENELUX

    • Rest of Western Europe

  • Eastern Europe Marine Electronics Market

    • Russia

    • Poland

    • Rest of Eastern Europe

  • SEA Marine Electronics Market

    • India

    • Australia and New Zealand

    • ASEAN

    • Rest of South East Asia and Others of Asia Pacific

  • Japan Marine Electronics Market

  • China Marine Electronics Market

  • Middle East and Africa Marine Electronics Market

    • Northern Africa

    • GCC Countries

    • South Africa

    • Turkey

    • Rest of MEA

Marine Electronics Market Reports - Table of Contents

Marine Electronics Market Reports - List of Tables

Table 01: Global Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 02: Global Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 03: Global Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 04: Global Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 05: Global Marine Electronics Market Value (US$ Mn) Analysis by Region, 2013-2028

Table 06: North America Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 07: North America Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 08: North America Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 09: North America Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 10: North America Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Table 11: Latin America Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 12: Latin America Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 13: Latin America Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 14: Latin America Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 15: Latin America Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Table 16: Western Europe Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 17: Western Europe Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 18: Western Europe Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 19: Western Europe Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 20: Western Europe Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Table 21: Eastern Europe Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 22: Eastern Europe Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 23: Eastern Europe Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 24: Eastern Europe Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 25: Eastern Europe Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Table 26: SEA Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 27: SEA Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 28: SEA Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 29: SEA Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 30: SEA Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Table 31: China Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 32: China Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 33: China Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 34: China Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 35: Japan Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 36: Japan Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 37: Japan Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 38: Japan Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 39: MEA Marine Electronics Market Value (US$ Mn) Analysis by Component Type, 2013-2028

Table 40: MEA Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 41: MEA Marine Electronics Market Value (US$ Mn) Analysis by Hardware Segment, 2013-2028

Table 42: MEA Marine Electronics Market Value (US$ Mn) Analysis by Application Type, 2013-2028

Table 43: MEA Marine Electronics Market Value (US$ Mn) Analysis by Country, 2013-2028

Marine Electronics Market Reports - List of Figures

Figure 01: Global Marine Electronics Market Value (US$ Mn), 2018-2028

Figure 02: Global Marine Electronics Market Absolute $ Opportunity (US$ Mn), 2018-2028

Figure 03: Global Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 04: Global Marine Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 05: Global Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 06: Global Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 07: Global Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 08: Global Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 09: Global Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 10: Global Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 11: Global Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 12: Global Marine Electronics Market Share and BPS Analysis by Region - 2018 & 2028

Figure 13: Global Marine Electronics Market Attractiveness Analysis by Region, 2018-2028

Figure 14: Global Marine Electronics Market Y-o-Y Growth by Region, 2018-2028 

Figure 15: North America Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 16: North America Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 17: North America Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 18: North America Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 19: North America Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 20: North America Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 21: North America Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 22: North America Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 23: North America Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 24: North America Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 25: North America Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 26: North America Marine Electronics Market Y-o-Y Growth by Country, 2018-2028 

Figure 27: Latin America Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 28: Latin America Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 29: Latin America Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 30: Latin America Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 31: Latin America Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 32: Latin America Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 33: Latin America Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 34: Latin America Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 35: Latin America Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 36: Latin America Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 37: Latin America Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 38: Latin America Marine Electronics Market Y-o-Y Growth by Country, 2018-2028 

Figure 39: Western Europe Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 40: Western Europe Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 41: Western Europe Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 42: Western Europe Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 43: Western Europe Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 44: Western Europe Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 45: Western Europe Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 46: Western Europe Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 47: Western Europe Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 48: Western Europe Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 49: Western Europe Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 50: Western Europe Marine Electronics Market Y-o-Y Growth by Country, 2018-2028 

Figure 51: Eastern Europe Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 52: Eastern Europe Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 53: Eastern Europe Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 54: Eastern Europe Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 55: Eastern Europe Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 56: Eastern Europe Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 57: Eastern Europe Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 58: Eastern Europe Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 59: Eastern Europe Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 60: Eastern Europe Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 61: Eastern Europe Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 62: Eastern Europe Marine Electronics Market Y-o-Y Growth by Country, 2018-2028 

Figure 63: SEA Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 64: SEA Marine Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 65: SEA Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 66: SEA Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 67: SEA Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 68: SEA Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 69: SEA Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 70: SEA Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 71: SEA Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 72: SEA Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 73: SEA Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 74: SEA Marine Electronics Market Y-o-Y Growth by Country, 2018-2028 

Figure 75: China Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 76: China Marine Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 77: China Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 78: China Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 79: China Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 80: China Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 81: China Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 82: China Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 83: China Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 84: Japan Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 85: Japan Marine Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 86: Japan Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 87: Japan Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 88: Japan Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 89: Japan Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 90: Japan Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 91: Japan Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 92: Japan Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 93: MEA Marine Electronics Market Share and BPS Analysis by Component Type - 2018 & 2028

Figure 94: MEA Marine Electronics Market Attractiveness Analysis by Component Type, 2018-2028

Figure 95: MEA Marine Electronics Market Y-o-Y Growth by Component Type, 2018-2028 

Figure 96: MEA Marine Electronics Market Share and BPS Analysis by Hardware Segment - 2018 & 2028

Figure 97: MEA Marine Electronics Market Attractiveness Analysis by Hardware Segment, 2018-2028

Figure 98: MEA Marine Electronics Market Y-o-Y Growth by Hardware Segment, 2018-2028 

Figure 99: MEA Marine Electronics Market Share and BPS Analysis by Application Type - 2018 & 2028

Figure 100: MEA Marine Electronics Market Attractiveness Analysis by Application Type, 2018-2028

Figure 101: MEA Marine Electronics Market Y-o-Y Growth by Application Type, 2018-2028 

Figure 102: MEA Marine Electronics Market Share and BPS Analysis by Country - 2018 & 2028

Figure 103: MEA Marine Electronics Market Attractiveness Analysis by Country, 2018-2028

Figure 104: MEA Marine Electronics Market Y-o-Y Growth by Country, 2018-2028

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