openPR Logo
Press release

Marine Electronics Market 2018 Top Key Players are Furuno Electric Co., Ltd., Navico Holding AS, Garmin Ltd., FLIR Systems, Inc., Northrop Grumman Corporation

10-17-2018 04:43 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Marine Electronics Market 2018 Top Key Players are Furuno

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 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).

Get access to full summary @: https://www.futuremarketinsights.com/reports/marine-electronics-market

The global marine electronics market is expected to grow from US$ 4,143.5 Mn in 2018 to US$ 7,745.3 Mn by 2028, expanding at a CAGR of 6.5% in terms of revenue during the forecast period (2018-2028). In this report, the global marine electronics market is tracked in terms of value, and is calibrated to obtain the market revenue estimates of marine electronic devices.

Global Marine Electronics Market: Dynamics

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.

However, insecure mode of data transmission, incompetency of software, and lack of investments and infrastructure are some of the major challenges that hamper the growth of the marine electronics market.

To know key findings, Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2392

Global Marine Electronics Market: Segmentation & Forecast

To understand and assess the demand and opportunities in this market, the marine electronics market report is categorically split into three major sections, namely, marine electronics market analysis – by component type, by application type, and by region. On the basis of component type, the marine electronics market is segmented into hardware and software. The marine electronics hardware segment is expected to dominate the market throughout the forecast period, and enjoy a market share of 78.4% and 77.0% in 2018 and 2028, respectively. The marine electronics hardware segment is further segmented as 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, and satellite TVs.

On the basis of application type, the marine electronics market is segmented into merchant vessels, fishing vessels, military naval, and yachts/recreational boats. The marine electronics merchant vessels segment is expected to dominate the market in the majority duration of the forecast period, owing to the high CAGR associated with it. The marine electronics fishing vessel segment is expected to grow from US$ 958.6 Mn in 2018 to US$ 1,900.5 in 2028.

Ask questions to Expert @: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2392

The section – marine electronics market analysis by region, includes an in-depth country-level analysis of all global regions, namely, North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China, and MEA, by component type, by application type, and by country; and provides market data in terms of value for 2018-2028. In 2017, the market in South East Asia dominated the overall global marine electronics market (given Asia Pacific is considered separately as three regions, i.e. China, Japan, and SEA and Others of APAC), while the fastest growing region in the marine electronics market is Latin America. South East Asia is further expected to hold a majority of the market share of the marine electronics market in 2028 as well.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web:https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Marine Electronics Market 2018 Top Key Players are Furuno Electric Co., Ltd., Navico Holding AS, Garmin Ltd., FLIR Systems, Inc., Northrop Grumman Corporation here

News-ID: 1310876 • Views: 565

More Releases from Future Market Insights

Future Market Insights Appoints Aditi Basu as Chief Marketing Officer
DUBAI, UAE, October 5, 2021 -- Future Market Insights (FMI), an award-winning market research & consulting firm, announces the appointment of Mrs. Aditi Basu as Chief Marketing Officer (CMO). Aditi will be responsible for leading the marketing strategy for MarketNgage, the revolutionary intelligence engine of Future Market Insights, purpose-built for disparate market research needs of today’s businesses. Aditi has over fifteen years of experience in corporate strategy and go-to-market advisory. She
Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the

All 5 Releases


More Releases for Marine

Marine Online’s Platform Offers Shipowners Direct Access To Marine Services
The pandemic’s devastation disrupted numerous worldwide maritime operations – with companies either ceasing operations or impaired by travel restrictions. This resulted in shipowners’ deadlock in finding reliable vendors and subjecting their vessels to neglected maintenance. ADK Maritime Pte Ltd enlisted the help of Marine Online for their vessel’s safety-related works to be carried out in China. A representative of ADK Maritime Pte Ltd commented: “We had a vessel in China
Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors. Request Exclusive Free Sample PDF of This
Marine Cranes Market Reviews and Statistics 2020 - DMW Marine, Heila Cranes, Eff …
An extensive study of the product application and services conducted by subject matter experts assessing the global Marine Cranes market will help product owners to make a wise decision. The latest research report on Marine Cranes market for the forecast period, 2020 - 2025 is involved in screening the business environment and the companies operating in the Marine Cranes industry. Importantly, the research sheds a lot of light on their winning
Agar Agar Manufacaturer - Marine Hydrocolloids
Agar Agar Food Grade (China Grass) Agar Agar is used as 100% vegetarian substitute for Gelatin (manufactured from animal bones and skin) in the food industry. The usage is fast gaining ground due to the worldwide shift for products of vegetable origin. Agar Agar has been used for many centuries as high performance gelling agent. Its ability to produce clear colourless, odourless, and natural gels without the support of other colloids has
Marine Navigation Systems Market Growth
In this report, we studies the present scenario (with the base year being 2017) and the growth prospects of global Marine Navigation Systems market for 2018-2023. Key Questions Answered in this report: What will the Marine Navigation Systems Market the growth rate be in 2023? What are the key factors driving the Global Marine Navigation Systems Market with a focus on the Global market? What are the key market trends in Marine Navigation Systems
Marine Diesel Engines Market
MaketStudyReport.com adds a New Marine Diesel Engines Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024. Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report. Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United