The marine navigation system is used by naval vessels for navigation purposes. Marine navigation systems have a wide range of applications from fishing to recreational boats and merchant ships to maritime vessels. GPS has become an essential part of marine navigation systems. The demand for integrated maritime navigation systems is growing owing to the increased focus towards cost-effectiveness.
Increasing seaborne trade, increasing naval budgets and growth in cruise tourism are the major factors that are expected to drive the growth of marine navigation system market. The marine navigation system market is highly competitive and various players operating in the market are focusing towards providing more precise solutions to gain a strong customer base. The growing focus towards maritime security is expected to create lucrative market opportunities for players operating in the market to gain a strong customer base and generate more revenues.
The "Global Marine Navigation System Market Analysis to 2027" is a specialized and in-depth study of the marine navigation system industry with a special focus on the global market trend analysis. The report aims to provide an overview of marine navigation system market with detailed market segmentation by type, application, end-use and geography. The global marine navigation system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine navigation system market players and offers key trends and opportunities in the marine navigation system market.
The global marine navigation system market is segmented on the basis of type, application and end-use. Based on type, the market is segmented as marine radar, fish finders, AIS (Automatic Identification System) and VHF transceiver, chart-plotters and others. On the basis of application the market is segmented ship, remotely operated underwater vehicle, autonomous underwater vehicle, others. Based on the end-use the market is segmented into defense and commercial.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global marine navigation system market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The marine navigation system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting marine navigation system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive Porter's analysis.
The reports cover key developments in the marine navigation system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from marine navigation system market are anticipated to lucrative growth opportunities in the future with the rising demand for marine navigation system in the global market. Below mentioned is the list of few companies engaged in the marine navigation system market.
The report also includes the profiles of key marine navigation system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Elcome International LLC
- FLIR Systems
- Garmin Ltd.
- Icom America Inc
- Kongsberg Maritime
- Northrop Grumman Sperry Marine B.V.
- Raytheon Anschütz
- Satcom Global
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.