This research report titled ‘Global Marine Electronics Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market research analysis categorizes the global marine electronics market into the following types of product. They are:
- Sonar systems
- GPS tracking devices
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Global marine electronics market by sonar systems
The global marine electronics market by sonar systems is expected to grow at a CAGR of over 3% during the forecast period. Sonar is a technique that uses sound propagation to detect objects. There are two types of sonar systems: active and passive sonar systems.
According to Sunil Kumar Singh, a lead embedded systems research analyst at Technavio, “Vendors in the market are adopting M&A strategies to stay competitive in the market. Acquisitions have helped companies expand their geographical presence and leverage the technical expertise of acquired companies to develop innovative products. In the recent years, vendors have expanded their geographical presence and strengthened their relationships with industry players worldwide.”
Global marine electronics market by radars
The global marine electronics market by radars is expected to grow at a CAGR of around 7% during the forecast period. The components of a radar include transmitters, receivers, radar antennae, duplexers, and indicators. Radars are used to detect ships, aircraft, spacecraft, weather formations, guided missiles, and terrain. They emit radio waves to track and determine the range, velocity, and angle of objects. Radars also transmit microwaves simultaneously in all directions to determine the properties of flying objects within their range.
“Technological advances have led to significant improvements in radar technology. In the navy, radars are used to detect ships, landmarks, missiles, and threats from unmanned weapon systems. They are also used in ocean surveillance and meteorological precipitation monitoring,” adds Sunil.
Global marine electronics market by GPS tracking devices
The global marine electronics market by GPS tracking devices is expected to grow at a CAGR of around 15% during the forecast period. GPS tracking devices are used for navigation (in open sea or in specific situations, such as harbor entrances and approaches) and positioning, including vessel monitoring, managing traffic, and employing locator beacons for distress situations. GPS tracking devices are also utilized to improve marine development activities, such as pipeline laying.
The top vendors in the global marine electronics market are:
- FLIR Systems
- FURUNO ELECTRIC
- Johnson Outdoors
- Kongsberg Maritime
- ATLAS ELEKTRONIK
- Thales Group
- Northrop Grumman
- Sound Metrics
- Neptune Sonar
- Ultra Electronics
- Kraken Sonar
Browse Related Reports:
- Global UV Sensor Market 2017-2021
- Global Handset Flash LED Modules Market 2017-2021
- Global RF Filters Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.