Insights into the Industry
The marine electronics industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of marine electronics ’s industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs, effective allocation of resources, and growing competition among business rivals to expand its regional as well as customer base. Supportive government policies and incentives, as well as favorable laws, are projected to determine the growth of the marine electronics market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards marine electronics 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the marine electronics industry and impacting its growth. Our report divides the marine electronics market into various segments or categories based on products, applications, region, etc. Additionally, our research analysts have listed the key players of the global marine electronics market and compared them based on metrics such as market revenue, Y-O-Y sales, shipments volume, historical data, and successful implementation of business strategies such as strategic alliances, mergers & acquisitions, joint ventures, product development, and partnerships & collaborations.
Market Research Store (MRS) published a brand new report titled “Marine Electronics Market research report which is segmented by Products (GPS Navigation Equipments, Electronic Chart Display and Information System (ECDIS), Sonar Systems, Radars), by Applications (Cargo Ships, Cruise Ships), by Key Players/Companies FLIR Systems, Kraken Sonar, Ultra Electronics, ATLAS ELEKTRONIK, Sound Metrics, Furuno Electric Co. Ltd, Garmin, R2Sonic, Northrop Grumman, Navico, Raytheon, Neptune Sonar, Johnson Outdoors, Kongsberg Maritime, Thales Group”. In 2020, the global marine electronics market value was registered at XX (USD Million/Billion) and is predicted to reach XX (USD Million/Billion) at a CAGR of XX% by 2028.
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| Report Attributes | Report Details |
|---|---|
| Report Title | Marine Electronics Market Research Report |
| By Products | GPS Navigation Equipments, Electronic Chart Display and Information System (ECDIS), Sonar Systems, Radars |
| By Applications | Cargo Ships, Cruise Ships |
| By Key Players | FLIR Systems, Kraken Sonar, Ultra Electronics, ATLAS ELEKTRONIK, Sound Metrics, Furuno Electric Co. Ltd, Garmin, R2Sonic, Northrop Grumman, Navico, Raytheon, Neptune Sonar, Johnson Outdoors, Kongsberg Maritime, Thales Group |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East And Africa (MEA) |
| Countries Covered | North America : U.S and Canada Europe : U.K, Spain, Germany, Italy, Russia, France, Rest of Europe APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific Latin America : Mexico, Brazil The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA |
| Base Year | 2020 |
| Historical Year | 2016to 2020 (Depending on availability, data from 2010 can be offered) |
| Forecast Year | 2028 |
| Number of Pages | 115 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
Based on these findings, the global marine electronics industry study suggests strategies to existing market participants as to how they can improve & reinforce their market position. In addition to this, the study also recommends successful market penetrating strategies for new entrants. Furthermore, marine electronics industry study report has included all major manufacturers and distributors operating in the marine electronics market across all major regions.
Marine Electronics Market Strategic Analysis
Various analytical methods such as Porter’s Five Force Analysis, SWOT analysis, Market Share Analysis, Competitive Analysis, PESTEL Analysis, Market Attractiveness Analysis, and Value Chain Analysis have been used to analyze the market in the research report. These assessments help users of the report in examining and evaluating marine electronics market on the basis of different metrics such as switching costs, economies of scale, current sales, brand loyalty, brand equity, capital investments, production rights, research & development activities, copyrights & patents, legislations, effects of promotional activities, and consumer preferences.
The information provided in our market research report is anticipated to help the industry stakeholders in the effective decision-making process and successful business outcomes. Moreover, we have been using Ansoff Matrix to help firms analyze and plan their business growth strategies.
Additionally, our report contains a growth-share matrix that aids firms’ business decisions for prioritizing their myriad businesses. We have also included GE Nine Cell Matrix that is helpful in making strategic planning and can help firms in determining their position in the market along with analyzing their growth strategies.
Our researchers also make use of the perceptual map to demonstrate how to target consumers feel about a given brand and form perception about it. We have also included the Customer-Based Brand Equity (CBBE) Model for helping firms effectively position their brands.
Marine Electronics Market Key Trends Analysis
The key factors influencing the growth of the marine electronics market have been assessed in the report. Factors having a huge influence on market demand and restraining factors that impact the development of the market are both addressed rigorously & in-depth in our global market research report.
Furthermore, trends that play a key role in market’s growth are discussed comprehensively in the report. Moreover, a large number of qualitative factors or measurements are included in the report and this includes operating risks and major obstacles encountered by players in the industry.
Marine Electronics Market Key Segment Analysis
The report delivers a critical assessment on the marine electronics market by segmenting it based on Products, Applications, and region. All the segments and categories of the marine electronics market have been evaluated based on past, present and future trends and are key parameters determining & defining the growth of the market.
The data for the market and its segments and categories are provided from 2016 to 2028. The report has identified the key segments and categories contributing substantially towards overall market growth in terms of revenue & volume.
Based on Products, the global marine electronics market is segmented into GPS Navigation Equipments, Electronic Chart Display and Information System (ECDIS), Sonar Systems, Radars. Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.
Based on Applications, market is divided into Cargo Ships, Cruise Ships. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.
Impact Assessment of COVID-19
The COVID-19 outbreak has wreaked havoc on worldwide economic and social systems. The disease has entered several industries' value and supply chains, including the marine electronics market. The government imposed lockdowns in various locations. We will examine the impact of the COVID-19 pandemic on the global market, looking at both demand and supply.
The COVID-19 pandemic's short- and long-term impacts would be explored to provide a summary. This would help build business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users, during and after the epidemic.
Marine Electronics Market Regional Trends and Market Player’s Analysis
On the basis of region, the market is segregated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
The major players holding a huge chunk of market share in the global marine electronics market and impacting market profitability are evaluated after considering their product & services revenue, sales, business plans, innovations, and growth rate. The final position of a player in the market depends on market events or market happenings, new product launches, mergers & acquisitions, benchmarking, regional expansions, and technical innovations.
For all the key stakeholders of the market, value chain and technology ecosystem, as well as the information provided in this market research report, will prove beneficial. The study offers an outline of the company’s market share and an extensive summary of the major players in the marine electronics market.
Some of the leading players profiled in the global marine electronics market are,
- FLIR Systems
- Kraken Sonar
- Ultra Electronics
- ATLAS ELEKTRONIK
- Sound Metrics
- Furuno Electric Co. Ltd
- Garmin
- R2Sonic
- Northrop Grumman
- Navico
- Raytheon
- Neptune Sonar
- Johnson Outdoors
- Kongsberg Maritime
- Thales Group
The Key Audiences for Marine Electronics Market Report
- Research Institutes & consulting firms
- Industry Leaders, as well as companies, aspiring to enter the marine electronics market
- Student and universities
- Solution Providers, product providers, service providers, and other players in the industry
- Associated private firms and government bodies
- Individuals interested to learn about market
The report segments of the global marine electronics market are as follows:
Global Marine Electronics Market: By Products
- GPS Navigation Equipments
- Electronic Chart Display and Information System (ECDIS)
- Sonar Systems
- Radars
Global Marine Electronics Market: By Applications
- Cargo Ships
- Cruise Ships
The Most Important Research Methodologies
Primary sources include industry experts from management corporations, processing organizations, and analytical service providers who serve businesses across the sector's value chain. We interviewed key sources to acquire qualitative and quantitative data and analyse future prospects.
Primary research undertaken for this report comprised interviews with industry professionals such as CEOs, Vice Presidents, Marketing Directors and Technology Directors of strong core organizations and institutions in major marine electronics . We interviewed them to get qualitative and quantitative data.
The following are the justifications for purchasing the global Marine Electronics market report:
- Statistical data is well-referenced, and the source is a significant resource for directing interested companies.
- Market development trends and marketing channels that are cutting-edge are discussed.
- The feasibility and growth rate of the market as a whole over the foreseeable future are determined.
- The competitive landscape and demographic research provide a clear picture of the current state of the market on an international scale.
- A thorough examination of development policies and plans, manufacturing processes, and costing provides a more accurate picture of import/export consumption, supply and demand, pricing, revenue, and gross margins, among other things.
- Customization is possible based on the client's requirements.
Frequently Asked Questions
- FLIR Systems
- Kraken Sonar
- Ultra Electronics
- ATLAS ELEKTRONIK
- Sound Metrics
- Furuno Electric Co. Ltd
- Garmin
- R2Sonic
- Northrop Grumman
- Navico
- Raytheon
- Neptune Sonar
- Johnson Outdoors
- Kongsberg Maritime
- Thales Group
Table Of Content
Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Marine Electronics Market Share by Type (2020-2026) 1.5.2 GPS Navigation Equipments 1.5.3 Electronic Chart Display and Information System (ECDIS) 1.5.4 Sonar Systems 1.5.5 Radars 1.6 Market by Application 1.6.1 Global Marine Electronics Market Share by Application (2020-2026) 1.6.2 Cargo Ships 1.6.3 Cruise Ships 1.7 Marine Electronics Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Marine Electronics Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Marine Electronics Market 3.1 Value Chain Status 3.2 Marine Electronics Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Marine Electronics 3.2.3 Labor Cost of Marine Electronics 3.2.3.1 Labor Cost of Marine Electronics Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 FLIR Systems 4.1.1 FLIR Systems Basic Information 4.1.2 Marine Electronics Product Profiles, Application and Specification 4.1.3 FLIR Systems Marine Electronics Market Performance (2015-2020) 4.1.4 FLIR Systems Business Overview 4.2 Kraken Sonar 4.2.1 Kraken Sonar Basic Information 4.2.2 Marine Electronics Product Profiles, Application and Specification 4.2.3 Kraken Sonar Marine Electronics Market Performance (2015-2020) 4.2.4 Kraken Sonar Business Overview 4.3 Ultra Electronics 4.3.1 Ultra Electronics Basic Information 4.3.2 Marine Electronics Product Profiles, Application and Specification 4.3.3 Ultra Electronics Marine Electronics Market Performance (2015-2020) 4.3.4 Ultra Electronics Business Overview 4.4 ATLAS ELEKTRONIK 4.4.1 ATLAS ELEKTRONIK Basic Information 4.4.2 Marine Electronics Product Profiles, Application and Specification 4.4.3 ATLAS ELEKTRONIK Marine Electronics Market Performance (2015-2020) 4.4.4 ATLAS ELEKTRONIK Business Overview 4.5 Sound Metrics 4.5.1 Sound Metrics Basic Information 4.5.2 Marine Electronics Product Profiles, Application and Specification 4.5.3 Sound Metrics Marine Electronics Market Performance (2015-2020) 4.5.4 Sound Metrics Business Overview 4.6 Furuno Electric Co., Ltd 4.6.1 Furuno Electric Co., Ltd Basic Information 4.6.2 Marine Electronics Product Profiles, Application and Specification 4.6.3 Furuno Electric Co., Ltd Marine Electronics Market Performance (2015-2020) 4.6.4 Furuno Electric Co., Ltd Business Overview 4.7 Garmin 4.7.1 Garmin Basic Information 4.7.2 Marine Electronics Product Profiles, Application and Specification 4.7.3 Garmin Marine Electronics Market Performance (2015-2020) 4.7.4 Garmin Business Overview 4.8 R2Sonic 4.8.1 R2Sonic Basic Information 4.8.2 Marine Electronics Product Profiles, Application and Specification 4.8.3 R2Sonic Marine Electronics Market Performance (2015-2020) 4.8.4 R2Sonic Business Overview 4.9 Northrop Grumman 4.9.1 Northrop Grumman Basic Information 4.9.2 Marine Electronics Product Profiles, Application and Specification 4.9.3 Northrop Grumman Marine Electronics Market Performance (2015-2020) 4.9.4 Northrop Grumman Business Overview 4.10 Navico 4.10.1 Navico Basic Information 4.10.2 Marine Electronics Product Profiles, Application and Specification 4.10.3 Navico Marine Electronics Market Performance (2015-2020) 4.10.4 Navico Business Overview 4.11 Raytheon 4.11.1 Raytheon Basic Information 4.11.2 Marine Electronics Product Profiles, Application and Specification 4.11.3 Raytheon Marine Electronics Market Performance (2015-2020) 4.11.4 Raytheon Business Overview 4.12 Neptune Sonar 4.12.1 Neptune Sonar Basic Information 4.12.2 Marine Electronics Product Profiles, Application and Specification 4.12.3 Neptune Sonar Marine Electronics Market Performance (2015-2020) 4.12.4 Neptune Sonar Business Overview 4.13 Johnson Outdoors 4.13.1 Johnson Outdoors Basic Information 4.13.2 Marine Electronics Product Profiles, Application and Specification 4.13.3 Johnson Outdoors Marine Electronics Market Performance (2015-2020) 4.13.4 Johnson Outdoors Business Overview 4.14 Kongsberg Maritime 4.14.1 Kongsberg Maritime Basic Information 4.14.2 Marine Electronics Product Profiles, Application and Specification 4.14.3 Kongsberg Maritime Marine Electronics Market Performance (2015-2020) 4.14.4 Kongsberg Maritime Business Overview 4.15 Thales Group 4.15.1 Thales Group Basic Information 4.15.2 Marine Electronics Product Profiles, Application and Specification 4.15.3 Thales Group Marine Electronics Market Performance (2015-2020) 4.15.4 Thales Group Business Overview 5 Global Marine Electronics Market Analysis by Regions 5.1 Global Marine Electronics Sales, Revenue and Market Share by Regions 5.1.1 Global Marine Electronics Sales by Regions (2015-2020) 5.1.2 Global Marine Electronics Revenue by Regions (2015-2020) 5.2 North America Marine Electronics Sales and Growth Rate (2015-2020) 5.3 Europe Marine Electronics Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Marine Electronics Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Marine Electronics Sales and Growth Rate (2015-2020) 5.6 South America Marine Electronics Sales and Growth Rate (2015-2020) 6 North America Marine Electronics Market Analysis by Countries 6.1 North America Marine Electronics Sales, Revenue and Market Share by Countries 6.1.1 North America Marine Electronics Sales by Countries (2015-2020) 6.1.2 North America Marine Electronics Revenue by Countries (2015-2020) 6.1.3 North America Marine Electronics Market Under COVID-19 6.2 United States Marine Electronics Sales and Growth Rate (2015-2020) 6.2.1 United States Marine Electronics Market Under COVID-19 6.3 Canada Marine Electronics Sales and Growth Rate (2015-2020) 6.4 Mexico Marine Electronics Sales and Growth Rate (2015-2020) 7 Europe Marine Electronics Market Analysis by Countries 7.1 Europe Marine Electronics Sales, Revenue and Market Share by Countries 7.1.1 Europe Marine Electronics Sales by Countries (2015-2020) 7.1.2 Europe Marine Electronics Revenue by Countries (2015-2020) 7.1.3 Europe Marine Electronics Market Under COVID-19 7.2 Germany Marine Electronics Sales and Growth Rate (2015-2020) 7.2.1 Germany Marine Electronics Market Under COVID-19 7.3 UK Marine Electronics Sales and Growth Rate (2015-2020) 7.3.1 UK Marine Electronics Market Under COVID-19 7.4 France Marine Electronics Sales and Growth Rate (2015-2020) 7.4.1 France Marine Electronics Market Under COVID-19 7.5 Italy Marine Electronics Sales and Growth Rate (2015-2020) 7.5.1 Italy Marine Electronics Market Under COVID-19 7.6 Spain Marine Electronics Sales and Growth Rate (2015-2020) 7.6.1 Spain Marine Electronics Market Under COVID-19 7.7 Russia Marine Electronics Sales and Growth Rate (2015-2020) 7.7.1 Russia Marine Electronics Market Under COVID-19 8 Asia-Pacific Marine Electronics Market Analysis by Countries 8.1 Asia-Pacific Marine Electronics Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Marine Electronics Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Marine Electronics Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Marine Electronics Market Under COVID-19 8.2 China Marine Electronics Sales and Growth Rate (2015-2020) 8.2.1 China Marine Electronics Market Under COVID-19 8.3 Japan Marine Electronics Sales and Growth Rate (2015-2020) 8.3.1 Japan Marine Electronics Market Under COVID-19 8.4 South Korea Marine Electronics Sales and Growth Rate (2015-2020) 8.4.1 South Korea Marine Electronics Market Under COVID-19 8.5 Australia Marine Electronics Sales and Growth Rate (2015-2020) 8.6 India Marine Electronics Sales and Growth Rate (2015-2020) 8.6.1 India Marine Electronics Market Under COVID-19 8.7 Southeast Asia Marine Electronics Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Marine Electronics Market Under COVID-19 9 Middle East and Africa Marine Electronics Market Analysis by Countries 9.1 Middle East and Africa Marine Electronics Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Marine Electronics Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Marine Electronics Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Marine Electronics Market Under COVID-19 9.2 Saudi Arabia Marine Electronics Sales and Growth Rate (2015-2020) 9.3 UAE Marine Electronics Sales and Growth Rate (2015-2020) 9.4 Egypt Marine Electronics Sales and Growth Rate (2015-2020) 9.5 Nigeria Marine Electronics Sales and Growth Rate (2015-2020) 9.6 South Africa Marine Electronics Sales and Growth Rate (2015-2020) 10 South America Marine Electronics Market Analysis by Countries 10.1 South America Marine Electronics Sales, Revenue and Market Share by Countries 10.1.1 South America Marine Electronics Sales by Countries (2015-2020) 10.1.2 South America Marine Electronics Revenue by Countries (2015-2020) 10.1.3 South America Marine Electronics Market Under COVID-19 10.2 Brazil Marine Electronics Sales and Growth Rate (2015-2020) 10.2.1 Brazil Marine Electronics Market Under COVID-19 10.3 Argentina Marine Electronics Sales and Growth Rate (2015-2020) 10.4 Columbia Marine Electronics Sales and Growth Rate (2015-2020) 10.5 Chile Marine Electronics Sales and Growth Rate (2015-2020) 11 Global Marine Electronics Market Segment by Types 11.1 Global Marine Electronics Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Marine Electronics Sales and Market Share by Types (2015-2020) 11.1.2 Global Marine Electronics Revenue and Market Share by Types (2015-2020) 11.2 GPS Navigation Equipments Sales and Price (2015-2020) 11.3 Electronic Chart Display and Information System (ECDIS) Sales and Price (2015-2020) 11.4 Sonar Systems Sales and Price (2015-2020) 11.5 Radars Sales and Price (2015-2020) 12 Global Marine Electronics Market Segment by Applications 12.1 Global Marine Electronics Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Marine Electronics Sales and Market Share by Applications (2015-2020) 12.1.2 Global Marine Electronics Revenue and Market Share by Applications (2015-2020) 12.2 Cargo Ships Sales, Revenue and Growth Rate (2015-2020) 12.3 Cruise Ships Sales, Revenue and Growth Rate (2015-2020) 13 Marine Electronics Market Forecast by Regions (2020-2026) 13.1 Global Marine Electronics Sales, Revenue and Growth Rate (2020-2026) 13.2 Marine Electronics Market Forecast by Regions (2020-2026) 13.2.1 North America Marine Electronics Market Forecast (2020-2026) 13.2.2 Europe Marine Electronics Market Forecast (2020-2026) 13.2.3 Asia-Pacific Marine Electronics Market Forecast (2020-2026) 13.2.4 Middle East and Africa Marine Electronics Market Forecast (2020-2026) 13.2.5 South America Marine Electronics Market Forecast (2020-2026) 13.3 Marine Electronics Market Forecast by Types (2020-2026) 13.4 Marine Electronics Market Forecast by Applications (2020-2026) 13.5 Marine Electronics Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
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