Global Marine Electronics Market Size, Status and Forecast 2020-2026

Marine electronics refers to electronics devices designed and classed for use in the marine environment on board ships and yachts where even small drops of salt water will destroy electronics devices. Therefore, the majority of these types of devices are either water resistant or waterproof.
For applications of global marine electronics consumption, merchant marine is the largest segment with a market share of nearly 32% in 2019. Fishing vessel and yachts/recreation accounted for about 23% and 22% of the global market, respectively.

Among the global regions , the Europe held the largest the market share with 34% in 2019,while United States occupied about 31% of the market share.

Market Analysis and Insights: Global Marine Electronics Market
The global Marine Electronics market size is projected to reach US$ 15900 million by 2026, from US$ 12000 million in 2020, at a CAGR of 4.8% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Marine Electronics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Marine Electronics market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Marine Electronics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Marine Electronics market.

Global Marine Electronics Scope and Segment
Marine Electronics market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Marine Electronics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Market segment by Type, the product can be split into

GPS & Radar Systems
Fish Finders & Sonar
Marine Autopilots
Communication Equipment
Audio & Video Equipment

Market segment by Application, split into

Merchant Marine
Fishing Vessel
Yachts/Recreation
Military
Underwater Drones

Based on regional and country-level analysis, the Marine Electronics market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

In the competitive analysis section of the report, leading as well as prominent players of the global Marine Electronics market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The key players covered in this study

Furuno
Wärtsilä
Garmin
Kongsberg Maritime
Navico
ThyssenKrupp Marine Systems
JRC
Northrop Grumman
FLIR Systems
Thales Group
Ultra Electronics
Raytheon Anschütz
ICOM
Johnson Outdoors
Highlander