Technavio has been monitoring the global marine electronics market size and it is poised to grow by USD 927.70 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Marine Electronics Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. Although the rise in seaborne trade will offer immense growth opportunities, high cost associated with sonar systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rise in seaborne trade has been instrumental in driving the growth of the market. However, high cost associated with sonar systems might hamper market growth.
Marine Electronics Market 2020-2024: Segmentation
Marine Electronics Market is segmented as below:
- Product
- Sonar Systems
- Radars
- GPS Tracking Devices
- Geography
- North America
- APAC
- Europe
- MEA
- South America
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Marine Electronics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our marine electronics marketreport covers the following areas:
- Marine Electronics Market Size
- Marine Electronics Market Trends
- Marine Electronics Market Industry Analysis
This study identifies developments in SAS technology as one of the prime reasons driving the marine electronics market growth during the next few years.
Marine Electronics Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the marine electronics market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the marine electronics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Marine Electronics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist marine electronics market growth during the next five years
- Estimation of the marine electronics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the marine electronics market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of marine electronics market vendors
Table Of Contents :
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Sonar systems Market size and forecast 2019-2024
- Radars Market size and forecast 2019-2024
- GPS tracking devices Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- FLIR Systems Inc.
- Furuno Electric Co. Ltd.
- Garmin Ltd.
- Kongsberg Gruppen ASA
- Navico
- Northrop Grumman Corp.
- Raytheon Co.
- Thales Group
- thyssenkrupp AG
- Ultra Electronics Holdings Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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