PUBLISHER: The Business Research Company | PRODUCT CODE: 1730941
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730941
A marine chartplotter is an electronic device used on boats and ships to display navigational charts, offering real-time information about a vessel's position, course, and speed. It integrates data from multiple sources to visually represent the vessel's location on digital maps. Marine chartplotters are vital for safe navigation, hazard avoidance, and real-time route planning in both inland and offshore waters.
The primary components of a marine chartplotter include hardware and software. Hardware consists of the physical elements, such as displays, GPS antennas, and transducers, which are essential for receiving and processing navigational data, allowing mariners to accurately visualize their position and surroundings. The main types of chartplotters include standalone chartplotters, integrated chartplotters, and networked chartplotters. These devices are used in various applications, including navigation, safety and rescue, fishing, and recreational boating. They serve multiple end users, such as commercial vessels, recreational boats, and naval vessels.
The marine chartplotter market research report is one of a series of new reports from The Business Research Company that provides marine chartplotter market statistics, including the marine chartplotter industry global market size, regional shares, competitors with the marine chartplotter market share, detailed marine chartplotter market segments, market trends, and opportunities, and any further data you may need to thrive in the marine chartplotter industry. These marine chartplotter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The marine chartplotter market size has grown strongly in recent years. It will grow from $0.68 billion in 2024 to $0.73 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth during the historic period can be attributed to the rise in recreational boating activities, increased use of GPS technology, higher procurement of yachts in the tourism sector, advancements in boating safety innovations, and a stronger emphasis on maritime safety and navigation accuracy.
The marine chartplotter market size is expected to see strong growth in the next few years. It will grow to $0.96 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period will be driven by the adoption of commercial shipping fuels, increasing demand for real-time data, widespread adoption of advanced navigation systems, a growing need for high-precision depth and sonar mapping, and the expansion of marine tourism. Key trends expected in this period include technological advancements, integration with autonomous systems, high-resolution and 3D mapping, augmented reality (AR) applications, and the incorporation of artificial intelligence (AI) and machine learning for enhanced navigation capabilities.
The marine chartplotter market is experiencing growth driven by the expansion of maritime trade. As global commerce continues to increase, fueled by global economic growth and the rise of e-commerce, the demand for efficient and precise maritime transportation has surged. Maritime trade is a vital part of the global supply chain, enabling the movement of goods and raw materials across international waters. The use of marine chartplotters, which provide accurate navigation, real-time route optimization, and seamless integration with GPS and AIS, is becoming more essential for ensuring the safety and efficiency of shipping operations. For example, in July 2024, the United Nations Conference on Trade and Development (UNCTAD) reported a 2.4% increase in global maritime trade volumes in 2023, totaling 12,292 million tons. As trade continues to expand, the need for advanced navigation solutions will further propel the growth of the marine chartplotter market.
Leading companies in the marine electronics industry are focused on developing advanced technologies to improve the accuracy, efficiency, and safety of maritime operations. For instance, in February 2022, Simrad Yachting AS launched the NSX chartplotter and fishfinder, which provides real-time data and features a user-friendly interface, advanced navigation tools, and weather information. These innovations enhance the overall boating experience, catering to both novice and experienced users, and reflect the ongoing demand for more sophisticated and integrated systems in maritime navigation.
In December 2024, Raymarine plc, a UK-based marine electronics manufacturer, partnered with Maretron LLP, a US-based company specializing in vessel monitoring and control systems. This collaboration aims to integrate Maretron's advanced monitoring systems with Raymarine's products, enhancing vessel safety, navigation, and automation. By combining the strengths of both companies, this partnership will help address the growing need for more efficient and safer maritime operations, further contributing to the growth of the marine chartplotter market.
Major players in the marine chartplotter market are Furuno Electric Co. Ltd., Garmin Ltd., Kongsberg Maritime AS, Onwa Marine Electronics Co. Ltd., Navico Group Inc., Humminbird Inc., Raymarine Limited, Koden Electronics Co. Ltd., Simrad Yachting AS, Japan Radio Co. Ltd., Digital Yacht Ltd., Honda Electronics Co. Ltd., ComNav Marine Ltd., Si-Tex Marine Electronics Inc., Alphatron Marine B.V., Maptech Inc., Brookes And Gatehouse, SI-TEX Marine Electronics, NKE Marine Electronics, Northstar Technology Inc.
North America was the largest region in the marine chartplotter market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in marine chartplotter report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the marine chartplotter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The marine chartplotter market consists of revenues earned by entities by providing services such as software updates, digital chart subscriptions, technical support, system integration, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The marine chartplotter market also includes sales of GPS devices, multifunction displays, and sonar systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Marine Chartplotter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on marine chartplotter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for marine chartplotter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The marine chartplotter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.