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Marine Electronics Market Stand Out As The Biggest Contributor To Global Growth 2020-2027

02-13-2020 05:11 AM CET | Media & Telecommunications

Press release from: Coherent Market Insights

Marine Electronics

Marine Electronics

Marine electronics are specially designed electronic devices used in ships, yachts or boats, which have water proofing or water corrosion resistance properties that protect ships, boats or yachts from salty water, brackish water, and irregular waves. These devices come in sizes ranging from 7 inches to 19 inches. Each marine device has its own specific function. Electronic devices that are used in marine environment comprise global positioning system devices (GPS), radio detection and ranging (RADAR) and video displays, chart plotters, sound navigation and ranging (SONAR) systems, radar displays used to give radar data to operator, and chart plotters used in navigation application.

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The Main Key Players in the Marine Electronics Market Are:
Transas, Kongsberg Gruppen, Intellian, Honeywell Process Solutions, Johnson Outdoors Marine Electronics Inc. (Hummingbird), Atlas Electronics, FLIR Systems, Furuno electric, Garmin, Navico, Neptune Sonar, and Northrop Grumman.

Global Marine Electronics Market: Taxonomy
On the basis of end user, the global marine electronics market is segmented into:
-Commercial shipping
-Work Boats
-Naval
-Fishing Vessels
-Recreational Boats

On the basis of display type, the global marine electronics market is segmented into:
-Multi-functional
-Instrumental

Regional Analysis:
North America and Europe are the largest markets for marine electronic devices. North America and Europe largely invests in manufacturing of boats and also implements advanced technologies such as marine electronics in boats. This drives growth of the marine electronics market. According to a 2017 report of the International Trade Administration (ITA), the total U.S. exports of marine electronics is expected to grow by 5 percent annually and reach an estimated US$ 2.4 billion in 2018.

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Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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