Press release
Marine Navigation System Market To Witness A Geometric Progression Between 2018-2026
Marine Navigation System Market: IntroductionMarine navigation system enables to determine the location, a route of destination, and avoid the collision. In the past days, as a marine navigation system, pilots had to take a position fix for the marine vessels taking into consideration the external reference points across the navigating channels. However, today - GPS, an acronym for Global Positioning System has emerged and virtually become indispensable for any sort of marine navigation system. Moreover, marine navigation systems are suitable for a wide range of vessels ranging from fishing to recreational boats and merchant vessels to defense ships. In addition, in the unfortunate event of an accident, the marine navigation system can provide crucial data to investigators in their search to determine the cause of the collision or accident. One of the prominent trends observed in the marine navigation market includes the usage of an integrated marine navigation system with a goal of cost-effectiveness and the highest degree of availability and integrity. Apart from this, ageing vessel fleet observes a deterioration in its operational capabilities. Subsequently, customized retrofit solutions pertaining to marine navigation systems are offered by the market stakeholders.
To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/27160
Marine Navigation System Market: Dynamics
The marine navigation system is being utilized by many fleet owners and the demand for marine navigation system will likely to show positive trajectory due to growing seaborne trade. Global seaborne trade continues to be largely determined by developments in the world economy and trade. Although the relationship between trade and economic output seems to be fluctuating, with an observed decline in the growth ratio of trade to the gross domestic product (GDP) over recent years.
Moreover, with the growing consumption, the LNG trade will likely to expand at a significant rate. Subsequently, LNG carrier fleet requirement is set to increase, thereby, developing strong prospects for marine navigation system market.
Importantly, growth in cruise tourism is expected to continue, reaching more than 25.3 million passengers in 2019. As per anticipation, the demand for marine navigation system squarely varies with the growth in cruise tourism across the world. Further, in terms of product innovations and developments, new advanced control systems, which offer higher accuracy and integrity to the GPS, are always in the process of development to bolster the existing marine navigation system.
Marine Navigation System Market: Segmentation
product type • Marine Radar
• Fish Finders
• AIS (Automatic Identification System) and VHF Transceiver
• Chartplotters
• Sonar Modules
• Autopilot System
sales channel • OEM
• Aftermarket/Retrofit
application • Commercial
• Defense
• Recreational
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/27160
Marine Navigation System Market: Regional Outlook
A very large part of world trade is clustered around three regions: Europe East Asia, and North America. Consequently, demand for the marine navigation system is mainly accounted by these regions. Growth prospects for Denmark and Sweden marine navigation system market in the coming years have brightened due to strong performance in recent months.
Additionally, the economy of Sweden, the largest in Scandinavia, is expected growth at higher growth rate than Denmark and Norway. The government of China and the China Association of the National Shipbuilding Industry are poised to promote the initiatives pertaining to the R&D spending in order to upgrade the industry and building marina navigation systems.
Moreover, Germany, the U.K., and Ireland are the few protuberant European source markets for cruises, making up 28% and 26% of European demand for cruises, respectively. Thus, strong manufacturing capabilities and demand for marine vessels directly influence the substantial demand for the marine navigation system.
Marine Navigation System Market: Key Players
List of some of the prominent market participants in the global marine navigation system market discerned across the value chain include:
• Garmin Ltd.
• Raytheon Anschütz GmbH
• Navico Holding AS
• Icom America Inc.
• FURUNO ELECTRIC CO., LTD.
• Cobham plc
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/27160
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 Navigation System Market To Witness A Geometric Progression Between 2018-2026 here
News-ID: 2559098 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Marine
Marine Fender Market Hits New High | Major Giants Bridgestone Corporation, Fende …
HTF MI recently introduced Global Marine Fender Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Marine Fender Market are:
Acir Marine (United States), Bridgestone Corporation (Japan), Fendercare Marine (United Kingdom), Maha Tech Asia Pte Ltd…
Marine Lighting Market Forecasted for Strong Growth from 2025 to 2032 | Phoenix …
The marine lighting market is estimated to be valued at USD 449.8 Mn in 2025 and is expected to reach USD 654.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
A new report from CoherentMI, titled "Marine Lighting Market 2025-2032," offers an in-depth examination of the industry, including valuable insights into the Marine Lighting Market's performance. The report covers competitor dynamics, regional…
Marine Switchboards Market | ABB, Atlas Marine Systems, Clean Marine Switchboard …
The global marine switchboards market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the marine switchboards market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Marine Asset Management Services Market Boosts Massive Revenue by 2030| Oceanic …
The latest study released on the Global Marine Asset Management Services Market by GMV Research evaluates market size, trend, and forecast to 2030. The Marine Asset Management Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about…
Marine Doors market: Players tapping Emerging Markets | MML Marine, Baier, Freem …
"The global Marine Doors Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Marine Doors Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
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…