Marine Chartplotter Market Value

Marine Chartplotter Market Size Valued at USD 1145 Million, market Grow at a CAGR Of 7% by 2020 -2030. The global marine chartplotter market is expected to witness phenomenal growth during the forecast period due to increasing adoption of SONAR systems for search and rescue operations and rising use of anti-submarine warfare systems. Furthermore, the upgrade of existing boats with devices such as marine chartplotters is expected to encourage market growth during the forecast period. A marine chartplotter is a critical hardware that provides safety to the naval vessel. Chartplotter systems help in the detection of fish, which, in turn, is expected to drive the market growth during the forecast period.

The global Marine Chartplotter Market has been segmented on the basis of component, application, end use, and region.

Based on component, the market has been segmented into hardware and software. Hardware was a larger segment in 2018, while software is projected to be the faster-growing segment during the review period. The hardware segment includes displays, radar, sonar/GPS, and others. The sonar/GPS sub-segment is expected to register the highest CAGR during the forecast period. Increasing use of chartplotter devices for finding fish is expected to drive the growth of the segment during the forecast period.

By application, the global marine chartplotter market has been classified as navigation, fish finders, and others. Navigation was the largest segment in 2018, whereas fish finders is estimated to be the fastest-growing segment during the review period. The growth of the fish finders’ segment can be attributed to the increasing use of boats for leisure purposes across the globe.

On the basis of end use, the market has been classified as yachts and boats. Boats was the largest segment in 2018, and the yachts segment is expected to register a higher CAGR during the forecast period. Upgradation of existing yachts is expected to drive the growth of the segment during the forecast period.

Based on region, the global marine chartplotter market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the market in 2018. However, the market in Asia-Pacific is estimated to be the fastest-growing during the forecast period. High naval investments in Asia-Pacific are expected to drive the market in the region during the forecast period.

Key Players

The key players in the global marine chartplotter market are Semrad (Norway), Lowrance (US), Garmin Ltd (US), ONWA Marine Electronics Co. Ltd (Hong Kong), FLIR Systems (Ray marine) (US), B&G (US), Furuno Electric Co., Ltd (Japan), Hummingbird (US), Navionics srl (Italy), and Japan Marina Co., Ltd (Japan).

Table Of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Marine Chartplotter Market, By Component

1.1.2. Global Marine Chartplotter Market, By Application

1.1.3. Global Marine Chartplotter Market, By End Use

1.1.4. Global Marine Chartplotter Market, By Region

2. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Global Sea Trade

5.2.2. Increasing Adoption Of Sonar Systems For Search And Rescue Operations

5.2.3. Stringent Regulations Related To Naval Security

5.2.4. Rising Use Of Anti-Submarine Warfare Systems And Unmanned Underwater Vehicle

5.3. Restraints

5.3.1. High Cost Of Systems

5.4. Opportunities

5.4.1. Technological Advancement And Development In Navigation And Communication Systems

5.4.2. Rising Use Of Marine Chartplotter Equipment For Recreational Boats

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

Global Marine Chartplotter Market Research Report: Information by Component (Hardware and Software), Application (Navigation, Fish Finders and others), End Use (Yachts and Boats), by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030 @ https://www.marketresearchfuture.com/reports/marine-chartplotter-market-8273

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