PUBLISHER: QYResearch | PRODUCT CODE: 1861289
PUBLISHER: QYResearch | PRODUCT CODE: 1861289
The global market for Marine Electronics was estimated to be worth US$ 14413 million in 2024 and is forecast to a readjusted size of US$ 19775 million by 2031 with a CAGR of 4.6% during the forecast period 2025-2031.
Marine electronics refers to electronics devices designed and classed for use in the marine environment on board ships and yachts where even small drops of salt water will destroy electronics devices. Therefore, the majority of these types of devices are either water resistant or waterproof.
In this report, marine electronics include GPS & radar systems, fish finders & sonar, marine autopilots, communication equipment, audio & video equipment and others (boat surillance & security, autonomous identification systems)
More than 80% of global trade by volume is carried by sea, and this share continues to rise with globalization and e-commerce.
Ships require modern navigation, communication, and monitoring electronics to ensure safe and efficient voyages.
Increased vessel traffic creates demand for advanced collision avoidance systems, real-time tracking, and integrated bridge systems.
International bodies like the International Maritime Organization (IMO) enforce strict rules under SOLAS (Safety of Life at Sea) and other conventions.
Ships must be equipped with Automatic Identification Systems (AIS), Electronic Chart Display and Information Systems (ECDIS), radar, and distress communication equipment.
Growing focus on passenger safety in cruise liners and crew safety in commercial shipping is accelerating adoption of certified marine electronics.
IMO's emissions reduction targets (IMO 2020, IMO 2030, and IMO 2050) are pushing vessels toward fuel-efficient navigation and real-time emissions monitoring.
Marine electronics play a role in fuel consumption tracking, route optimization, and integration with energy management systems.
Increased monitoring of ballast water, emissions, and waste management is also boosting demand for specialized sensors and electronic controls.
The shift toward smart ships and autonomous vessels is transforming marine electronics.
Integration of IoT, AI, and cloud-based platforms allows for real-time vessel monitoring, predictive maintenance, and data-driven decision-making.
Marine electronics are increasingly part of integrated bridge systems (IBS) that unify navigation, communication, and automation under one digital interface.
This report aims to provide a comprehensive presentation of the global market for Marine Electronics, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Marine Electronics by region & country, by Type, and by Application.
The Marine Electronics market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Electronics.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Marine Electronics company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Marine Electronics in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Marine Electronics in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.