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
- Furuno
- Wartsila
- Garmin
- Kongsberg Maritime
- Navico
- ThyssenKrupp Marine Systems
- JRC
- Northrop Grumman
- FLIR Systems
- Thales Group
- Ultra Electronics
- Raytheon Anschutz
- ICOM
- Johnson Outdoors
- Highlander
- Kraken Robotics
- Neptune Sonar
Segment by Type
- GPS & Radar Systems
- Fish Finders & Sonar
- Marine Autopilots
- Communication Equipment
- Audio & Video Equipment
Segment by Application
- Merchant Marine
- Fishing Vessel
- Yachts/Recreation
- Military
- Underwater Drones
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
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.
Table of Contents
1 Market Overview
- 1.1 Marine Electronics Product Introduction
- 1.2 Global Marine Electronics Market Size Forecast (2020-2031)
- 1.3 Marine Electronics Market Trends & Drivers
- 1.3.1 Marine Electronics Industry Trends
- 1.3.2 Marine Electronics Market Drivers & Opportunity
- 1.3.3 Marine Electronics Market Challenges
- 1.3.4 Marine Electronics Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Marine Electronics Players Revenue Ranking (2024)
- 2.2 Global Marine Electronics Revenue by Company (2020-2025)
- 2.3 Key Companies Marine Electronics Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Marine Electronics Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Marine Electronics
- 2.6 Marine Electronics Market Competitive Analysis
- 2.6.1 Marine Electronics Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Marine Electronics Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Marine Electronics as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 GPS & Radar Systems
- 3.1.2 Fish Finders & Sonar
- 3.1.3 Marine Autopilots
- 3.1.4 Communication Equipment
- 3.1.5 Audio & Video Equipment
- 3.2 Global Marine Electronics Sales Value by Type
- 3.2.1 Global Marine Electronics Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Marine Electronics Sales Value, by Type (2020-2031)
- 3.2.3 Global Marine Electronics Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Merchant Marine
- 4.1.2 Fishing Vessel
- 4.1.3 Yachts/Recreation
- 4.1.4 Military
- 4.1.5 Underwater Drones
- 4.2 Global Marine Electronics Sales Value by Application
- 4.2.1 Global Marine Electronics Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Marine Electronics Sales Value, by Application (2020-2031)
- 4.2.3 Global Marine Electronics Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Marine Electronics Sales Value by Region
- 5.1.1 Global Marine Electronics Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Marine Electronics Sales Value by Region (2020-2025)
- 5.1.3 Global Marine Electronics Sales Value by Region (2026-2031)
- 5.1.4 Global Marine Electronics Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Marine Electronics Sales Value, 2020-2031
- 5.2.2 North America Marine Electronics Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Marine Electronics Sales Value, 2020-2031
- 5.3.2 Europe Marine Electronics Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Marine Electronics Sales Value, 2020-2031
- 5.4.2 Asia Pacific Marine Electronics Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Marine Electronics Sales Value, 2020-2031
- 5.5.2 South America Marine Electronics Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Marine Electronics Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Marine Electronics Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Marine Electronics Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Marine Electronics Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Marine Electronics Sales Value, 2020-2031
- 6.3.2 United States Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Marine Electronics Sales Value, 2020-2031
- 6.4.2 Europe Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Marine Electronics Sales Value, 2020-2031
- 6.5.2 China Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Marine Electronics Sales Value, 2020-2031
- 6.6.2 Japan Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Marine Electronics Sales Value, 2020-2031
- 6.7.2 South Korea Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Marine Electronics Sales Value, 2020-2031
- 6.8.2 Southeast Asia Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Marine Electronics Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Marine Electronics Sales Value, 2020-2031
- 6.9.2 India Marine Electronics Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Marine Electronics Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Furuno
- 7.1.1 Furuno Profile
- 7.1.2 Furuno Main Business
- 7.1.3 Furuno Marine Electronics Products, Services and Solutions
- 7.1.4 Furuno Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.1.5 Furuno Recent Developments
- 7.2 Wartsila
- 7.2.1 Wartsila Profile
- 7.2.2 Wartsila Main Business
- 7.2.3 Wartsila Marine Electronics Products, Services and Solutions
- 7.2.4 Wartsila Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.2.5 Wartsila Recent Developments
- 7.3 Garmin
- 7.3.1 Garmin Profile
- 7.3.2 Garmin Main Business
- 7.3.3 Garmin Marine Electronics Products, Services and Solutions
- 7.3.4 Garmin Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.3.5 Garmin Recent Developments
- 7.4 Kongsberg Maritime
- 7.4.1 Kongsberg Maritime Profile
- 7.4.2 Kongsberg Maritime Main Business
- 7.4.3 Kongsberg Maritime Marine Electronics Products, Services and Solutions
- 7.4.4 Kongsberg Maritime Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.4.5 Kongsberg Maritime Recent Developments
- 7.5 Navico
- 7.5.1 Navico Profile
- 7.5.2 Navico Main Business
- 7.5.3 Navico Marine Electronics Products, Services and Solutions
- 7.5.4 Navico Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.5.5 Navico Recent Developments
- 7.6 ThyssenKrupp Marine Systems
- 7.6.1 ThyssenKrupp Marine Systems Profile
- 7.6.2 ThyssenKrupp Marine Systems Main Business
- 7.6.3 ThyssenKrupp Marine Systems Marine Electronics Products, Services and Solutions
- 7.6.4 ThyssenKrupp Marine Systems Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.6.5 ThyssenKrupp Marine Systems Recent Developments
- 7.7 JRC
- 7.7.1 JRC Profile
- 7.7.2 JRC Main Business
- 7.7.3 JRC Marine Electronics Products, Services and Solutions
- 7.7.4 JRC Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.7.5 JRC Recent Developments
- 7.8 Northrop Grumman
- 7.8.1 Northrop Grumman Profile
- 7.8.2 Northrop Grumman Main Business
- 7.8.3 Northrop Grumman Marine Electronics Products, Services and Solutions
- 7.8.4 Northrop Grumman Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.8.5 Northrop Grumman Recent Developments
- 7.9 FLIR Systems
- 7.9.1 FLIR Systems Profile
- 7.9.2 FLIR Systems Main Business
- 7.9.3 FLIR Systems Marine Electronics Products, Services and Solutions
- 7.9.4 FLIR Systems Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.9.5 FLIR Systems Recent Developments
- 7.10 Thales Group
- 7.10.1 Thales Group Profile
- 7.10.2 Thales Group Main Business
- 7.10.3 Thales Group Marine Electronics Products, Services and Solutions
- 7.10.4 Thales Group Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.10.5 Thales Group Recent Developments
- 7.11 Ultra Electronics
- 7.11.1 Ultra Electronics Profile
- 7.11.2 Ultra Electronics Main Business
- 7.11.3 Ultra Electronics Marine Electronics Products, Services and Solutions
- 7.11.4 Ultra Electronics Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.11.5 Ultra Electronics Recent Developments
- 7.12 Raytheon Anschutz
- 7.12.1 Raytheon Anschutz Profile
- 7.12.2 Raytheon Anschutz Main Business
- 7.12.3 Raytheon Anschutz Marine Electronics Products, Services and Solutions
- 7.12.4 Raytheon Anschutz Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.12.5 Raytheon Anschutz Recent Developments
- 7.13 ICOM
- 7.13.1 ICOM Profile
- 7.13.2 ICOM Main Business
- 7.13.3 ICOM Marine Electronics Products, Services and Solutions
- 7.13.4 ICOM Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.13.5 ICOM Recent Developments
- 7.14 Johnson Outdoors
- 7.14.1 Johnson Outdoors Profile
- 7.14.2 Johnson Outdoors Main Business
- 7.14.3 Johnson Outdoors Marine Electronics Products, Services and Solutions
- 7.14.4 Johnson Outdoors Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.14.5 Johnson Outdoors Recent Developments
- 7.15 Highlander
- 7.15.1 Highlander Profile
- 7.15.2 Highlander Main Business
- 7.15.3 Highlander Marine Electronics Products, Services and Solutions
- 7.15.4 Highlander Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.15.5 Highlander Recent Developments
- 7.16 Kraken Robotics
- 7.16.1 Kraken Robotics Profile
- 7.16.2 Kraken Robotics Main Business
- 7.16.3 Kraken Robotics Marine Electronics Products, Services and Solutions
- 7.16.4 Kraken Robotics Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.16.5 Kraken Robotics Recent Developments
- 7.17 Neptune Sonar
- 7.17.1 Neptune Sonar Profile
- 7.17.2 Neptune Sonar Main Business
- 7.17.3 Neptune Sonar Marine Electronics Products, Services and Solutions
- 7.17.4 Neptune Sonar Marine Electronics Revenue (US$ Million) & (2020-2025)
- 7.17.5 Neptune Sonar Recent Developments
8 Industry Chain Analysis
- 8.1 Marine Electronics Industrial Chain
- 8.2 Marine Electronics Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Marine Electronics Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Marine Electronics Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer