The global marine electronics market is expected to grow by $1,765.93 million during the period 2022-2027, accelerating at a CAGR of 5.64% during the forecast period.



Global Marine Electronics Market 2023-2027. The analyst has been monitoring the marine electronics market and it is expected to grow by $1,765.93 million during 2022-2027, accelerating at a compound annual growth rate of 5.64% during the forecast period.

NEW YORK, Jan. 12, 2023 (GLOBE NEWSWIRE) — announces the release of “Global Marine Electronics Market 2023-2027” Report —
Our report on Marine Electronics Market provides a comprehensive analysis, market size and outlook, trends, growth drivers, challenges as well as vendor analysis covering about 25 vendors.
The report provides an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased adoption of GPS systems, increased focus on improving maritime transport safety, and increased maritime trade.

The marine electronics market is segmented as follows:
by component
• hardware
• Programming

High School
• Sonar systems
• Radars
• Global Positioning System (GPS) tracking devices

according to the geographical landscape
• North Amarica
• Asia Pacific
• Europe
• South america
• Middle East and Africa

This study identifies the increasing prevalence of UUV as one of the major reasons driving the growth of the marine electronics market over the next few years. Also, the increasing use of passive radars and developments in SAS technology will lead to a huge demand in the market.

The analyst provides a detailed picture of the market through the method of studying, synthesizing, and aggregating data from multiple sources through analyzing key parameters. Our Marine Electronics market report covers the following areas:
• Sizing the marine electronics market
• Marine electronics market forecast
• Market analysis of the marine electronics industry

This robust vendor analysis is designed to help clients improve their market position and in line with this, this report provides detailed analysis of several leading marine electronics market vendors out of which Adrie Marine Electronics Solutions Pvt. Ltd., Elcome International LLC, Furuno Electric Co., Ltd. Ltd. Garmin Ltd. Icom America Inc. Japan Radio Co., Ltd. Ltd. Johnson Outdoors Inc. Kongsberg Gruppen ASA Kraken Robotics Inc. Marine Electronics, Navico, Neptune Sonar and Northrop Grumman Corp. and R2SONIC Inc. and Raytheon Technologies Corp. and Sound Metrics Corp. and SRT Marine Systems Plc and Teledyne Technologies Inc. and thyssenkrupp AG and Ultra Electronics Holdings Plc. Also, the Marine Electronics Market Analysis Report includes information about the upcoming trends and challenges that will influence the growth of the market. This is to help companies strategize and take advantage of all upcoming growth opportunities.
The study was conducted using an objective mix of primary and secondary information including input from key industry participants. The report contains a comprehensive landscape of the market and suppliers as well as an analysis of key vendors.

The analyst provides a detailed picture of the market through the method of studying, synthesizing, and aggregating data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents different aspects of the market by identifying the key influencers in the industry. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Technavio market research reports provide a complete competitive landscape and methodology for in-depth vendor selection and analysis using qualitative and quantitative research to predict accurate market growth.
Read the full report:

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