Product Code: GVR-4-68040-358-6
Marine Electronics Market Size & Trends
The global marine electronics market size was valued at USD 6.34 billion in 2023 and is expected to register a CAGR of 6.5% from 2024 to 2030. The market is experiencing robust growth, primarily driven by technological advancements and increasing maritime activities. The integration of Internet of Things (IoT), artificial intelligence (AI), and advanced sensor technologies is revolutionizing marine electronic systems, enhancing their capabilities in navigation, communication, and vessel management. This technological evolution is coinciding with stringent maritime safety regulations, which are mandating the adoption of sophisticated electronic systems, particularly in commercial shipping and offshore operations.
The expansion of global seaborne trade is further fueling demand for efficient vessel management and navigation systems, while ongoing activities in offshore energy exploration-including oil, gas, and renewable sectors-are creating a need for specialized marine electronic equipment. Additionally, the recreational boating industry is contributing to market growth, with a rising interest in leisure marine activities boosting demand for consumer-grade marine electronics.
The market is also being shaped by the development of autonomous and semi-autonomous vessels, which is opening new avenues for advanced marine electronic systems. This trend is complemented by fleet modernization initiatives, as aging maritime fleets are being upgraded with state-of-the-art electronic systems to improve operational efficiency and meet evolving regulatory requirements. The increasing demand for real-time data transmission and communication at sea is driving substantial investments in satellite and cellular-based marine communication systems. Furthermore, growing environmental concerns are spurring demand for electronic systems capable of environmental monitoring and compliance reporting, reflecting the maritime industry's increasing focus on sustainability and regulatory adherence.
Defense sector investments are playing a significant role in market expansion, with naval modernization programs in various countries contributing to the growth of specialized marine electronics for military applications. Concurrently, advancements in sonar and imaging technologies are enhancing capabilities in commercial fishing and oceanographic research sectors, driving demand for sophisticated fish finding and ocean mapping systems. The market is also witnessing a trend towards the integration of various marine electronic systems, aimed at improving interoperability and data management across different shipboard operations.
The market landscape is characterized by continuous innovation, with firms striving to develop more efficient, reliable, and cost-effective marine electronic solutions. As the industry continues to evolve, key areas of focus include improving system integration, enhancing cybersecurity measures, and developing more energy-efficient and environmentally friendly technologies.
Global Marine Electronics Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global marine electronics market report based on component, vessel type, application, and region:
- Component Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
- Software
- Services
- Vessel Type Outlook (Revenue, USD Million, 2017 - 2030)
- Merchant Vessels
- Fishing Vessels
- Recreational Boats
- Others
- Application Outlook (Revenue, USD Million, 2017 - 2030)
- Navigation System
- Communication System
- Entertainment System
- Others
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
- Middle East and Africa (MEA)
KSA
UAE
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Landscape Outlook
Chapter 3. Marine Electronics Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Marine Electronics Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.5. Use Case Analysis
Chapter 4. Marine Electronics Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Marine Electronics Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Marine Electronics Market: Vessel Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Marine Electronics Market: Vessel Type Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Merchant Vessels
- 5.3.1. Merchant Vessels Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Fishing Vessels
- 5.4.1. Fishing Vessels Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Recreational Boats
- 5.5.1. Recreational Boats Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Marine Electronics Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Marine Electronics Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Navigating System
- 6.3.1. Navigating System Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Communication System
- 6.4.1. Communication System Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Entertainment System
- 6.5.1. Entertainment System Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Marine Electronics Market: Regional Estimates & Trend Analysis
- 7.1. Marine Electronics Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.2.3. North America Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.2.4. North America Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.3.3. Europe Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.3.4. Europe Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.5. U.K.
- 7.3.5.1. U.K. Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. U.K. Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.3.5.3. U.K. Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.3.5.4. U.K. Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.3.7.3. France Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.3.7.4. France Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.5.3. China Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.5.4. China Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.7.3. India Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.7.4. India Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. South Korea Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.8.3. South Korea Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.8.4. South Korea Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa (MEA)
- 7.6.1. Middle East and Africa Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East and Africa Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.5. KSA
- 7.6.5.1. KSA Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. KSA Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.6.5.3. KSA Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.6.5.4. KSA Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. UAE Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.6.6.3. UAE Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.6.6.4. UAE Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Marine Electronics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Marine Electronics Market Estimates and Forecasts, By Component, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Marine Electronics Market Estimates and Forecasts, By Vessel Type, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Marine Electronics Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Companies
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Component Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Garmin Ltd.
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Component Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. Furuno Electric Co., Ltd.
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Component Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. Kongsberg Maritime
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Component Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Navico Group
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Component Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. Wartsila
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Component Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Northrop Grumman Corporation
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Component Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. Thales
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Component Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. Tokyo Keiki
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Component Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. L3Harris Technologies, Inc.
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Component Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. Japan Radio Co.
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Component Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. Teledyne FLIR LLC
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Component Benchmarking
- 8.6.11.4. Recent Developments
- 8.6.12. ATLAS ELEKTRONIK GmbH
- 8.6.12.1. Company Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Component Benchmarking
- 8.6.12.4. Recent Developments