Marine Electronics In Global Market Expected To Reach At A CAGR Of 4.77% Over The Forecast Period 2017 – 2021

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Marine electronics are electronic devices that are specifically designed for the marine environment. Each device has its own specific function. The report considers the following marine electronic products: Sonar (sound navigation and ranging) systems, Radars, and GPS tracking devices. The global marine electronics market is segmented based on product and geography. Sonar systems dominated the global marine electronics market in 2016, accounting for a share of 61.19%. It is expected to account for 57.29% of the market by 2021.

Technavios analysts forecast the global marine electronics market to grow at a CAGR of 4.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine electronics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine electronics.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Marine Electronics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

ATLAS ELEKTRONIK
FLIR Systems
FURUNO ELECTRIC
Garmin
Johnson Outdoors
Kongsberg Maritime
Kraken Sonar
Navico
Neptune Sonar
Northrop Grumman
Raytheon
R2Sonic
Sound Metrics
Thales Group
Ultra Electronics

Market driver
Increase in adoption of GPS systems
For a full, detailed list, view our report

Market challenge

Requirement of high R&D investments for sonar modules
For a full, detailed list, view our report

Market trend
Growing adoption of UUVs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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