The demand for marine electronics is growing rapidly owing to increasing demand from the defense sector, and rise in marine trade activities.
Marine electronics are electronic components designed for the marine environment on ships for various applications such as navigation and communication.
Request for Free Sample Pages: https://www.marketresearchfuture.com/sample_request/6881
The global marine electronics market has been studied by region, such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest- growing regional market during in the review period.
By component, the global marine electronics market has been segmented into hardware and software. The hardware segment is expected to account for the largest market share during the forecast period owing to the increasing adoption of GPS and sonar technology by maritime force and merchant navy.
Based on vessel type, the global marine electronics market has been segmented into merchant vessels, fishing vessels, naval vessels, recreational boats, and others. The naval vessels segment is expected to account for the largest market share during the forecast period owing to the increase demand of marine electronics by marine industry.
Based on application, the global marine electronics market has been segmented into navigation, communication, automation, and others. The navigation segment is expected to account for the largest market share during the forecast period. The communication segment of the market is expected to register the higher CAGR during the review period.
The key players in the marine electronics market are Atlas Elektronik GmbH (Germany), FLIR Systems Inc. (US), Furuno Electric Co. Ltd (Japan), Garmin International (US), Ultra Electronics (UK), Thales Group (France), Northrop Grumman Corporation (US), Raytheon Company (US), Tokyo Keiki Inc. (Japan), and Wartsila SAM Electronics GmbH (Germany)
Access Full Summary of Report: https://www.marketresearchfuture.com/reports/marine-electronics-market-6881
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
The MRFR team has the supreme objective to provide optimum quality market research and intelligence services to our clients.
+1 646 845 9312
Email: [email protected]