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Marine Navigation Systems Industry Share, Size, Global Top Leading Countries, Future Growth, Top Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast to 2023
Posted on Mar 8 2021 6:38 AM
"Global Marine Navigation Systems Industry research analysts provide an elaborate description of the value chain and its distributor analysis The Global Marine Navigation Systems Market study provides comprehensive data which enhances the understanding, scope and application of this report.
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Global Marine Navigation Systems Market Research Report Focuses on the key global Marine Navigation Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in forecast period.Marine Navigation Systems Market Report organizes across the globe into distinct portion based on industry standards. It also distinguishes the market based on geographical regions. The Marine Navigation Systems report mainly throws light on dominant players in the regions of (North America, Europe, China, Japan, Latin America and India). Other regions can be added accordingly.Marine Navigation Systems market understand the structure by identifying its various subsegments.
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Marine Navigation Systems Market Size (sales, revenue) forecast by regions and countries from 2021 to 2023 of Marine Navigation Systems industry.Marine Navigation Systems Market with respect to individual growth trends, future prospects, and their contribution to the total market. Marine Navigation Systems Market analysis have current study and addition to the potential feature of the market primarily depends upon the facet of the business which compete on the current market, high factors and appropriated analysis. Global Marine Navigation Systems Market report consumption (value and volume) by key regions/countries, product type and application.Marine Navigation Systems Market Report also mentions market share accrued by each product in the Marine Navigation Systems market, along with the production growth.
Marine Navigation Systems Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Marine Navigation Systems submarkets, with respect to key regions (along with their respective key countries). It analyzes competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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A marine navigation system is one of the essential systems utilized in naval vessels for navigational functions. Its purpose is to supervise and manage the movement of a vessel as it makes its way from one location to another. Marine navigation system encompasses equipment, such as chart plotter and electronic navigation chart, which aid in the navigation of both commercial and defense marine vessels. Over the past few years, the navigation systems industry has been greatly influenced by copious changes in technology. Companies, along with governments, are consistently working on innovating new technologies to increase the efficiency. For instance, augmented reality applications in marine navigation systems is a key upcoming trend in the market. Seas and oceans cover more than 70% of the global surface and are home to approximately 50,000 large ships, which carry 80% of the world's traded cargo. With the increasing awareness of seaborne navigation and safety, there have been extensive developments on the marine navigation system front due to which the global market has gained momentum. Factors such as growing emphasis on maritime security and subsequent increase in naval budgets worldwide, surge in international seaborne trade, and rise in coastal and maritime tourism are the prime driving factors of the marine navigation system market. Meanwhile, the vulnerability of electronic navigation systems to cyberattacks hinders the market growth. However, upgrading fishing vessels with marine navigation systems and increasing the demand for recreational boating offer promising growth opportunities to the market.
Regional Analysis
The global marine navigation system market is estimated to witness 12.42% CAGR during the forecast period, 2018-2024. In 2017, the market was led by North America with 33.10% share, followed by Asia-Pacific and Europe with shares of 27.48% and 25.61%, respectively. Asia-Pacific is the fastest growing region for marine navigation systems market. In Asia-Pacific, the market growth is significantly driven by the major countries, such as China, Japan, India, and Australia, due to the rising number of maritime conflicts in the Indian Ocean and South China Sea. As a result, these countries are developing their naval capabilities. Other developing countries in the region are also investing in the market, to strengthen their marine capabilities. Moreover, the naval defense budgets for countries such as China, India, Japan, South Korea, and Australia have exhibited an increase in the past few years. In addition, it is likely that the countries would spend more on naval upgrade programs, in the next decade. Similarly, in the recent times, the commercial sea-borne applications, including sea-based tourism and fishing, have witnessed an upsurge in the region.
Key Players
Danelec Marine A/S (Denmark), FLIR Systems, Inc. (U.S.), Furuno Electric Co., Ltd. (Japan), Honeywell International Inc. (U.S.), Kongsberg Maritime (Norway), Northrop Grumman Sperry Marine B.V. (Netherlands), Raytheon Anschütz (Germany), Periskal Group (Belgium), Safran Electronics & Defense (France), and Wartsila (Finland) are some of the key players profiled in this report. The marine navigation systems market is dominated by top five players, namely Wartsila, Northrop Grumman Sperry Marine B.V., Raytheon Anschütz, and Kongsberg Maritime, accounting for more than 85% of the global market size.
Objective of the Global Marine Navigation Systems Market Report â€' Forecast to 2023
To provide insights into factors influencing the market growth
To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
To provide historical and forecast revenue of the market segments based on type, application, end-user, and region
To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
Target Audience
Manufacturers of Marine Vessels
Navigation System Equipment OEMs
Ship and Boat Owners
Investment Agencies
Government and Regulatory Authorities
Key Findings
The global marine navigation systems market in this report has been segmented on the basis of type into three, namely, chart plotter, electronic navigation chart, and others. The electronic navigation chart segment market is projected to register the highest CAGR of 13.18% during the forecast period.
The global marine navigation systems market has been segmented, by end-user, into defense and commercial. The defense segment market is projected to register the highest CAGR of 12.75% during the forecast period.
The global marine navigation systems market in this report has been segmented on the basis of application into four, namely, ship, remotely operated underwater vehicle, autonomous underwater vehicle, and boat. The ship segment market is projected to register the highest CAGR of 14.43% during the forecast period.
North America would dominate the marine navigation systems market by 2023. It is expected to register a CAGR of 12.40% during the forecast period. It is expected to reach a market size of USD 3,159.5 million by 2023.
The regional analysis also includes:
North America
o U.S.
o Canada
Asia-Pacific
o China
o Japan
o Australia
o India
o Rest of Asia-Pacific
Europe
o U.K
o Russia
o France
o Germany
o Rest of Europe
Latin America
o Brazil
o Mexico
o Rest of Latin America
Middle East & Africa
o Israel
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
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The global Marine Navigation Systems market Growth is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2023. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.Marine Navigation Systems Market provides sizing and growth opportunities for the period 2021-2023. Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. Report Includes a detailed analysis of growth drivers, challenges, and investment opportunities. Delivers a complete overview of segments and the regional outlook of the market. Marine Navigation Systems Market Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
Marine Navigation Systems Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.Marine Navigation Systems Market Forecast by regions, type and application, with sales and revenue, from 2021 to 2023.Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Marine Navigation Systems Market Report are:
Chapter 1 Overview of Marine Navigation Systems Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Marine Navigation Systems Market Competition Status by Major Manufacturers
Chapter 12 Marine Navigation Systems Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Marine Navigation Systems Market
Chapter 14 Cost and Gross Margin Analysis of Marine Navigation Systems Market
And Continued…
Detailed TOC of Global Marine Navigation Systems Market Analysis & Forecast
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Rising Security and Safety Concern
2.1.2 Marine Navigation Systems in Developing Countries
2.1.3 Enhanced Business Productivity
2.2 Market Restraints
2.3 Marine Navigation Systems Supply Chain Process
2.4 Porter's Five Forces Analysis
3 Global Marine Navigation Systems Market, By Type
3.1 Introduction
3.2 Sub-segment
4 Global Marine Navigation Systems Market, By Component
4.1 Introduction
4.2 Sub-segment
4.2.1 Marine Navigation Systems Components
5 Global Marine Navigation Systems Market, By Verticals
5.1 Introduction
6 Global Marine Navigation Systems Market, By Region
6.1 Introduction
6.2 Market, By Regions
6.2.1 North America
6.2.1.1 U.S. 33
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.3 U.K.
6.2.3.1 Germany
6.2.3.2 France
6.2.3.3 Rest of Europe
6.2.4 Asia-Pacific
6.2.5 China
6.2.6 Japan
6.2.7 India
6.2.7.1 Rest of Asia-pacific
6.2.8 Rest of the World (RoW)
6.2.8.1 Middle East & Africa
6.2.8.2 Latin Countries
7 Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
7.3 Company Profiles
7.3.1.1 Business Overview
7.3.1.2 Product/Service Portfolio
7.3.1.3 Business Strategy
7.3.1.4 SWOT Analysis
8 Appendix
8.1 Scope of the Study
8.1.1 Research Objective
8.1.2 Assumption
8.1.3 Limitation
8.2 Market Structure
9 Research Methodologies
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
9.4 Market Size Estimation
9.5 Forecast Model
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