Press release
Marine Electronics Market Growth, Business Opportunities, Share, Key Insights and Size estimation by 2031 | Key Players: Flir Systems, Raytheon Company, Wärtsilä Sam Electronics, SRT Marine Systems, Icom Inc
Read more about Marine Electronics Market here: https://www.globalinsightservices.com/reports/marine-electronics-market/
Marine electronics are electronic devices that are used on or near water. This can include items such as GPS units, fish finders, and radios. Marine electronics are designed to withstand the harsh conditions that are found on or near the water, such as high humidity and salt spray.
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Key Trends
The key trends in Marine Electronics technology are:
1. Increased use of electronic charting systems: Electronic charting systems are becoming increasingly popular among marine electronic users, as they provide detailed mapping information that can be easily updated.
2. Increased use of GPS: GPS is becoming increasingly popular for use in marine electronic systems, as it provides accurate positioning information that can be used for navigation.
3. Increased use of radar: Radar is becoming increasingly popular for use in marine electronic systems, as it provides the ability to detect and track other vessels and objects in the water.
Key Drivers
The Marine Electronics market is driven by various factors such as the increasing demand for recreational boating, the need for better safety and security, the growth of the fishing industry, and the increasing popularity of marine electronics among professional fishermen.
The recreational boating industry is the largest driver of the Marine Electronics market. According to the National Marine Manufacturers Association, there are over 12 million recreational boats in the United States.
The need for better safety and security is another driver of the Marine Electronics market.
The growth of the fishing industry is also driving the Marine Electronics market.
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Market Segments
By Component
-Hardware
-Software
By Application
-Merchant Marine Electronics
-Fishing Vessel Electronics
-Others
By Region
-North America
-US
-Canada
-Mexico
-Europe
-UK
-France
-Germany
-Spain
-Italy
-Rest of Europe
Key Players
The global marine electronics market includes players such as Navico Furuno Electric, Flir Systems, Raytheon Company, Wärtsilä Sam Electronics, SRT Marine Systems, Icom Inc., Ultra Electronics, Thales Group, Northrop Grumman Corporation, and others.
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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