Marine Chartplotter Market to Record 6.9% CAGR Growth Through 2029 | Global Analysis Report

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Marine Chartplotter Market Outlook: How is the Market Expected to Grow by 2025?
With robust growth in recent years, the marine chartplotter market's size is set to expand from $0.68 billion in 2024 to $0.73 billion in 2025, boasting a Compound Annual growth rate (CAGR) of 6.8%. This historical period growth is linked to a surge in recreational boating activities, heightened GPS use, rising yacht procurements in the tourism sector, increased attention to boating safety innovations, and an intensified focus on maritime safety and precise navigation.

Marine Chartplotter Market Forecast: What Size Will It Reach By 2029?
The marine chartplotter market is projected to witness a robust expansion in the coming years, with the market value expected to reach $0.96 billion in 2029, growing at a 6.9% compound annual growth rate (CAGR). This growth during the forecast period is primarily due to the adoption of commercial shipping fuels, an escalating demand for real-time data, the increasing adoption of sophisticated navigation systems, a growing requirement for precise depth and sonar mapping, and an increase in marine tourism. Key trends anticipated during the forecast timeframe include technological progress, integration with autonomous systems, high-resolution and 3D mapping, augmented reality (AR) integration, and the fusion of artificial intelligence and machine learning.

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Which Key Market Drivers Will Shape Marine Chartplotter Industry Trends in 2025-2029?
The marine chartplotter market's advancement is anticipated to be driven by the increase in maritime trade. Maritime trade, the efficient, cost-effective conveyance of goods and commodities across international waters via ships and vessels, bolsters global commerce. Aspects like growing global economy and the burgeoning growth of e-commerce, which escalates the need for transporting goods and raw materials internationally, are driving the growth in maritime trade. Marine chartplotter enhances this trade by enabling accurate navigation, real-time routing optimization, and flawless incorporation with GPS and AIS, thereby contributing to safer, more efficient, and cost-effective shipping operations. As indicated by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization, maritime trade volumes reached 12,292 million tons in 2023, marking a 2.4% rise compared to 2022. Thus, the marine chartplotter market's growth is being propelled by the expansion in maritime trade.

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What Are the High-Growth Segments in the Marine Chartplotter Market?
The marine chartplotter market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Type: Standalone Chartplotters, Integrated Chartplotters, Networked Chartplotters
3) By Application: Navigation, Safety And Rescue, Fishing, Recreational Boating
4) By End Use: Commercial Vessels, Recreational Boats, Naval Vessels

Subsegments:
1) By Hardware: Display Units, GPS Receivers, Sonar Modules, Radar Sensors, Transducers
2) By Software: Navigation And Route Planning Software, Real-Time Mapping Software, Fish-Finding And Sonar Imaging Software, Weather And Tidal Data Integration Software, Fleet Management Software

Which Global Trends Are Driving Marine Chartplotter Market Expansion?
Leading firms in the marine chartplotter market are putting a spotlight on the creation of ground-breaking technologies such as improved navigation systems. These are intended to improve user experiences and guarantee safer, more streamlined maritime processes. These advanced navigation systems boost the precision, efficacy, and safety of voyage planning and vessel transit through the use of real-time information, GPS, and amalgamated digital mapping. For example, in February 2022, Simrad Yachting AS, a marine electronics firm rooted in Norway, debuted its newest NSX chartplotter and fishfinder. It is engineered for both skilled and novice boaters. This revolutionary equipment comes with an easy-to-use touchscreen interface and boasts high-level navigation and sonar functions, like live fish monitoring. The NSX integrates effortlessly with marine technologies and gives access to charts and meteorological data. The NSX aims to elevate the boating experience through its functionality and user-friendly nature.

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Who Are the Fastest-Growing Companies in the Marine Chartplotter Industry?
Major companies operating in the marine chartplotter market are Furuno Electric Co. Ltd., Garmin Ltd., Kongsberg Maritime AS, Onwa Marine Electronics Co. Ltd., Navico Group Inc., Humminbird Inc., Raymarine Limited, Koden Electronics Co. Ltd., Simrad Yachting AS, Japan Radio Co. Ltd., Digital Yacht Ltd., Honda Electronics Co. Ltd., ComNav Marine Ltd., Si-Tex Marine Electronics Inc., Alphatron Marine B.V., Maptech Inc., Brookes And Gatehouse, SI-TEX Marine Electronics, NKE Marine Electronics, Northstar Technology Inc.

What Is the Regional Outlook for the Marine Chartplotter Market by 2029?
North America was the largest region in the marine chartplotter market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the marine chartplotter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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