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Increase in adoption of Marine Electronics Market Will Reach At CAGR Of 4.77% Between 2017-2021

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September 21, 2017 in Resistance


“The Report Global Marine Electronics Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz”

About Marine Electronics

Marine electronics are electronic devices that are specifically designed for the marine environment. Each device has its own specific function. The report considers the following marine electronic products: Sonar (sound navigation and ranging) systems, Radars, and GPS tracking devices. The global marine electronics market is segmented based on product and geography. Sonar systems dominated the global marine electronics market in 2016, accounting for a share of 61.19%. It is expected to account for 57.29% of the market by 2021.

Technavios analysts forecast the global marine electronics market to grow at a CAGR of 4.77% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global marine electronics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine electronics.

The market is divided into the following segments based on geography:




Technavio’s report, Global Marine Electronics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

View Report @ https://www.marketresearchreports.biz/reports/1315149/global-marine-electronics-market-research-reports

Key vendors


FLIR Systems



Johnson Outdoors

Kongsberg Maritime

Kraken Sonar


Neptune Sonar

Northrop Grumman



Sound Metrics

Thales Group

Ultra Electronics

View Sample PDF @ https://www.marketresearchreports.biz/reports/1315149/global-marine-electronics-market-research-reports.pdf

Market driver

Increase in adoption of GPS systems

For a full, detailed list, view our report

Market challenge

Requirement of high R&D investments for sonar modules

For a full, detailed list, view our report

Market trend

Growing adoption of UUVs

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

About us

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.


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