Marine Electronics Market Expands with New Communication Protocols as per Maximize Market Research

(IT-NEWSWIRE.COM, February 03, 2025 ) The research methodology for the Global Marine Electronics Market includes a combination of primary research, such as interviews with industry experts and stakeholders, and secondary research through industry reports, company publications, and trade data. Market sizing uses top-down and bottom-up approaches, focusing on demand trends, technological advancements, and regional dynamics to provide accurate insights and reliable forecasts.

Region-wise, North America dominated the market in 2023 and is expected to maintain its dominance at a CAGR of 5% during the forecast period. The US and Canada are the major contributors behind the growth of the market in the region. The growth is attributed to the massive presence of various marine electronics device manufacturing companies across the region. Growing investment in anti-submarine warfare and unmanned underwater vehicle systems and rising advancements in marine industry is driving the growth of the market.

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Global Marine Electronics Market Segmentation

By Component

Hardware

Software

By Application

Multifunctional Navigations

GPS and Radar Systems

Very High Frequency communication systems

SONAR systems

Marine Autopilot

Thermal & Security Cameras

Lighting appliances

By Industry

Defence

Merchant Navy

Fishing

Sports and Cruise

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Global Marine Electronics Market Top Leaders:

Atlas Elektronik GmbH

FLIR Systems Inc

Furuno Electric Co. Ltd

Garmin International

Ultra-Electronics

Thales Group

Northrop Grumman Corporation

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Marine Electronics Market Expands with New Communication Protocols as per Maximize Market Research