Marine Navigation System Market Overview
Naval vessels use the maritime navigation system to find their way around. Marine navigation systems are used for a variety of purposes, including fishing, leisure boats, cargo ships, and marine vessels. GPS has become an essential part of marine navigation systems. The demand for integrated maritime navigation systems is increasing due to the bigger focus on cost-effectiveness. The global Marine Navigation System market is expected to rise at a considerable rate in the forthcoming years.
The primary reasons projected to fuel the growth of the marine navigation system market are an increase in seaborne trade, an increase in naval budgets, and an increase in cruise tourism. The marine navigation system market is very competitive, and to establish a solid client base, several companies in the industry are focusing on giving more precise solutions. The increased focus on marine security is projected to open up lucrative business prospects for market participants looking to build a strong client base and increase revenue.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, End-Use, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Elcome International LLC, FLIR Systems, Garmin Ltd., Icom America Inc, Kongsberg Maritime, Navico, Northrop Grumman Sperry Marine B.V., Raytheon Anschütz, Satcom Global, Wärtsilä. |
Covid-19 Impact on Marine Navigation System Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Marine Navigation System Market Segment Overview
According to Type, the Marine Radar is one of the largest segments in the global Marine Navigation System market. Marine radars are X band or S-band radars installed on ships that detect other ships and land barriers and offer bearing and distance information for collision avoidance and navigation at sea. They are electronic navigation equipment that sweeps a narrow beam of microwaves over the water surface surrounding the ship to the horizon, identifying targets via microwaves reflected from them, and providing a picture of the ship's surroundings on a display screen.
Marine Navigation System Market, By Type
· Marine Radar
· Fish Finders
· AIS (Automatic Identification System) and VHF Transceiver
· Chart-Plotters
· Others
Marine Navigation System Market, By Application
· Ship
· Remotely Operated Underwater Vehicle
· Autonomous Underwater Vehicle
· Others
Marine Navigation System Market, By End-Use
· Defense
· Commercial
Marine Navigation System Regional Overview
In terms of region, North America and Europe are the most prominent regions for the Marine Navigation System market. The strong manufacturing capabilities and demand for marine vessels directly influence the substantial demand for the marine navigation system. This key fact boosts the growth of the market in these regions. Likewise, the market in the Asia Pacific is anticipated to expand at a rapid pace in the coming years. In addition to this, the government of China and the China Association of the National Shipbuilding Industry are poised to promote the initiatives about the R&D spending to upgrade the industry and building marina navigation systems. These factors are expected to propel the growth of the market in this region.
Marine Navigation System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Marine Navigation System Market, Key Players
· Elcome International LLC
· FLIR Systems
· Garmin Ltd.
· Icom America Inc
· Kongsberg Maritime
· Navico
· Northrop Grumman Sperry Marine B.V.
· Raytheon Anschütz
· Satcom Global
· Wärtsilä
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Marine Navigation System market?
An increase in seaborne trade, an increase in naval budgets, and an increase in cruise tourism are some most prominent reasons that are boosting the growth of the Marine Navigation System market.
Q2. Which Segments are covered in the Marine Navigation System market report?
Type, Application, End-Use, and Region, these segments are covered in the Marine Navigation System market report.
Q3. Which segment is projected to hold the largest share in the Marine Navigation System Market?
The Marine Radar segment is projected to hold the largest share in the Marine Navigation System Market.
Q4. Which region holds the largest share in the Marine Navigation System market?
North America and Europe are the most prominent regions for the Marine Navigation System market.
Q5. Which are the prominent players in the Marine Navigation System Market?
Elcome International LLC, FLIR Systems, Garmin Ltd., Icom America Inc, Kongsberg Maritime, Navico, Northrop Grumman Sperry Marine B.V., Raytheon Anschütz, Satcom Global, Wärtsilä. are some key players in the Marine Navigation System Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Marine Navigation System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Marine Radar
- 5.2.2. Fish Finders
- 5.2.3. AIS (Automatic Identification System) and VHF Transceiver
- 5.2.4. Chart-Plotters
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Ship
- 5.3.2. Remotely Operated Underwater Vehicle
- 5.3.3. Autonomous Underwater Vehicle
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By End-Use
- 5.4.1. Defense
- 5.4.2. Commercial
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Marine Navigation System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Marine Radar
- 6.2.2. Fish Finders
- 6.2.3. AIS (Automatic Identification System) and VHF Transceiver
- 6.2.4. Chart-Plotters
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Ship
- 6.3.2. Remotely Operated Underwater Vehicle
- 6.3.3. Autonomous Underwater Vehicle
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By End-Use
- 6.4.1. Defense
- 6.4.2. Commercial
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Marine Navigation System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Marine Radar
- 7.2.2. Fish Finders
- 7.2.3. AIS (Automatic Identification System) and VHF Transceiver
- 7.2.4. Chart-Plotters
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Ship
- 7.3.2. Remotely Operated Underwater Vehicle
- 7.3.3. Autonomous Underwater Vehicle
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By End-Use
- 7.4.1. Defense
- 7.4.2. Commercial
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Marine Navigation System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Marine Radar
- 8.2.2. Fish Finders
- 8.2.3. AIS (Automatic Identification System) and VHF Transceiver
- 8.2.4. Chart-Plotters
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Ship
- 8.3.2. Remotely Operated Underwater Vehicle
- 8.3.3. Autonomous Underwater Vehicle
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By End-Use
- 8.4.1. Defense
- 8.4.2. Commercial
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Marine Navigation System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Marine Radar
- 9.2.2. Fish Finders
- 9.2.3. AIS (Automatic Identification System) and VHF Transceiver
- 9.2.4. Chart-Plotters
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Ship
- 9.3.2. Remotely Operated Underwater Vehicle
- 9.3.3. Autonomous Underwater Vehicle
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By End-Use
- 9.4.1. Defense
- 9.4.2. Commercial
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Elcome International LLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. FLIR Systems
- 10.6. Garmin Ltd.
- 10.7. Icom America Inc
- 10.8. Kongsberg Maritime
- 10.9. Navico
- 10.10. Northrop Grumman Sperry Marine B.V.
- 10.11. Raytheon Anschütz
- 10.12. Satcom Global
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
