Research Methodology on Marine Electronics Market
Market Research Future (MRFR) used an extensive range of primary and secondary sources to undertake a comprehensive study of the Marine Electronics Market. A comprehensive analysis of macro and microeconomic factors was also conducted to provide a reliable estimation.
1.0 Research Process
A comprehensive research process is followed before the commencement of the report. Primary and secondary sources were taken into account for the research process. Sources such as news articles, key industry participant interviews, financial reports, government papers, an internal database, and expert opinions are taken into consideration during the research.
1.1 Primary Research
The primary objective of the primary research is to gain a deep understanding of the market dynamics, current scenario, and technical advancements. For the same, various sources have been included. Different key opinion leaders of the market were interviewed to determine the current trends, industry outlook for the next five growth years, potential opportunities, and potential threats. The outcome of the primary research was then analyzed to compile the data.
1.1.1 Key Component
The key component of the primary research include:
1.2 Secondary Research
The secondary research is used to collect an extensive range of information related to the Marine Electronics Market. The secondary research was initiated with an extensive review of secondary sources such as company websites, company literature, annual reports, investor presentations, SEC filings, and industry white papers.
The secondary research is further fortified with information collected from a variety of accredited sources such as industry magazines, trade journals, and paid databases. Major companies’ websites were scanned along with the call transcripts by industry analysts and research analyst houses. This research process enabled us to gain in-depth information related to the market and industry.
1.3 Market Size Estimation
Market size estimation was undertaken through the bottom-up and top-down approaches. Both approaches were used together to calculate the market size. The top-down approach was used to break down the data and examine each segment based on the relative market share and growth rates of each segment. The bottom-up approach was used to validate the total market size using the estimated market size of each application segment.
1.4 Data Triangulation
Data triangulation was used to confirm the accuracy of the data collected from the primary and secondary research. The data triangulation approach was used to analyze and cross-check the information received from various sources for the market size calculations. The data was entrusted with a mix of primary sources such as financial reports and expert surveys and secondary sources such as industry leader websites, press releases, and distributors of the same research report.
1.5 Report Scope
This research report is an in-depth analysis of the Marine Electronics Market covering the segmentation of the market based on geography, technology, product type, application, and user type. It further covers the value chain analysis, competitive landscape, and market dynamics such as drivers, restraints, opportunities, and challenges.
2.0 Assumptions
This market study relies on various assumptions to present a comprehensive market forecast. Some of the key assumptions considered in this report are:
3.0 Summary
The Market Research Future (MRFR) Marine Electronics Market Report is an in-depth and extensive analysis of the Marine Electronics Market, including market size and share, product segmentation, competitive landscape, analysis of the key segments, geographical segmentation, and industry analysis. The data used in this report is collected through extensive primary and secondary research and exhaustive industry analysis with the help of reliable sources.
The primary research included meetings with political associations, key industry participants, industry veterans, and financial experts, while the secondary research included an extensive review of company websites, company literature, annual reports, investor presentations, and other financial reports. The market size was determined using the bottom-up and top-down approaches, and the data triangulation approach is used to analyze and cross-check the data from various sources. The report is based on various assumptions and presented with due consideration to the challenges and limitations posed by the research process.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objectives
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Marine Electronics Market, by Component Type
5.1 Introduction
5.2 Hardware
5.2.1 Market Estimates & Forecast, 2023–2030
5.2.2 Market Estimates & Forecast, by Region, 2023–2030
5.2.3 Display
5.2.3.1 Market Estimates & Forecast, 2023–2030
5.2.3.2 Market Estimates & Forecast, by Region, 2023–2030
5.2.4 Radar
5.2.4.1 Market Estimates & Forecast, 2023–2030
5.2.4.2 Market Estimates & Forecast, by Region, 2023–2030
5.2.5 Sonar/ GPS
5.2.5.1 Market Estimates & Forecast, 2023–2030
5.2.5.2 Market Estimates & Forecast, by Region, 2023–2030
5.2.6 Others
5.2.6.1 Market Estimates & Forecast, 2023–2030
5.2.6.2 Market Estimates & Forecast, by Region, 2023–2030
5.3 Software
5.3.1 Market Estimates & Forecast, 2023–2030
5.3.2 Market Estimates & Forecast, by Region, 2023–2030
6 Global Marine Electronics Market, by Vessel Type
6.1 Introduction
6.2 Merchant Vessels
6.2.1 Market Estimates & Forecast, 2023–2030
6.2.2 Market Estimates & Forecast, by Region, 2023–2030
6.3 Fishing Vessels
6.3.1 Market Estimates & Forecast, 2023–2030
6.3.2 Market Estimates & Forecast, by Region, 2023–2030
6.4 Naval Vessels
6.4.1 Market Estimates & Forecast, 2023–2030
6.4.2 Market Estimates & Forecast, by Region, 2023–2030
6.5 Recreational Boats
6.5.1 Market Estimates & Forecast, 2023–2030
6.5.2 Market Estimates & Forecast, by Region, 2023–2030
6.6 Others
6.6.1 Market Estimates & Forecast, 2023–2030
6.6.2 Market Estimates & Forecast, by Region, 2023–2030
7 Global Marine Electronics Market, by Application
7.1 Introduction
7.2 Navigation
7.2.1 Market Estimates & Forecast, 2023–2030
7.2.2 Market Estimates & Forecast, by Region, 2023–2030
7.3 Communication
7.3.1 Market Estimates & Forecast, 2023–2030
7.3.2 Market Estimates & Forecast, by Region, 2023–2030
7.4 Automation
7.4.1 Market Estimates & Forecast, 2023–2030
7.4.2 Market Estimates & Forecast, by Region, 2023–2030
7.5 Others
7.5.1 Market Estimates & Forecast, 2023–2030
7.5.2 Market Estimates & Forecast, by Region, 2023–2030
8 Global Marine Electronics Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2023–2030
8.2.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.2.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.2.4 Market Estimates & Forecast, by Application, 2023–2030
8.2.6 US
8.2.6.1 Market Estimates & Forecast, 2023–2030
8.2.6.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.2.6.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.2.6.4 Market Estimates & Forecast, by Application, 2023–2030
8.2.7 Canada
8.2.7.1 Market Estimates & Forecast, 2023–2030
8.2.7.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.2.7.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.2.7.4 Market Estimates & Forecast, by Application, 2023–2030
8.3 Europe
8.3.1 Market Estimates & Forecast, 2023–2030
8.3.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.3.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.3.4 Market Estimates & Forecast, by Application, 2023–2030
8.3.6 UK
8.3.6.1 Market Estimates & Forecast, 2023–2030
8.3.6.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.3.6.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.3.6.4 Market Estimates & Forecast, by Application, 2023–2030
8.3.7 Germany
8.3.7.1 Market Estimates & Forecast, 2030-2030
8.3.7.2 Market Estimates & Forecast, by Component Type, 2030-2030
8.3.7.3 Market Estimates & Forecast, by Vessel Type, 2030-2030
8.3.7.4 Market Estimates & Forecast, by Application, 2023–2030
8.3.8 France
8.3.8.1 Market Estimates & Forecast, 2030-2030
8.3.8.2 Market Estimates & Forecast, by Component Type, 2030-2030
8.3.8.3 Market Estimates & Forecast, by Vessel Type, 2030-2030
8.3.8.4 Market Estimates & Forecast, by Application, 2023–2030
8.3.8 Italy
8.3.8.1 Market Estimates & Forecast, 2023–2030
8.3.8.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.3.8.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.3.8.4 Market Estimates & Forecast, by Application, 2023–2030
8.3.10 Rest of Europe
8.3.10.1 Market Estimates & Forecast, 2023–2030
8.3.10.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.3.10.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.3.10.4 Market Estimates & Forecast, by Application, 2023–2030
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2023–2030
8.4.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.4.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.4.4 Market Estimates & Forecast, by Application, 2023–2030
8.4.5 China
8.4.5.1 Market Estimates & Forecast, 2023–2030
8.4.5.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.4.5.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.4.5.4 Market Estimates & Forecast, by Application, 2023–2030
8.4.7 Japan
8.4.7.1 Market Estimates & Forecast, 2023–2030
8.4.7.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.4.7.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.4.7.4 Market Estimates & Forecast, by Application, 2023–2030
8.4.7 India
8.4.7.1 Market Estimates & Forecast, 2023–2030
8.4.7.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.4.7.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.4.7.4 Market Estimates & Forecast, by Application, 2023–2030
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2023–2030
8.4.8.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.4.8.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.4.8.4 Market Estimates & Forecast, by Application, 2023–2030
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2023–2030
8.5.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.5.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.5.4 Market Estimates & Forecast, by Application, 2023–2030
8.7 Latin America
8.7.1 Market Estimates & Forecast, 2023–2030
8.7.2 Market Estimates & Forecast, by Component Type, 2023–2030
8.7.3 Market Estimates & Forecast, by Vessel Type, 2023–2030
8.7.4 Market Estimates & Forecast, by Application, 2023–2030
9 Competitive Landscape
10 Company Profiles
10.1 Atlas Elektronik GmbH
10.1.1 Company Overview
10.1.2 Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Strategy
10.1.7 SWOT Analysis
10.2 FLIR Systems Inc.
10.2.1 Company Overview
10.2.2 Offering
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 Strategy
10.2.7 SWOT Analysis
10.3 Furuno Electric Co. Ltd
10.3.1 Company Overview
10.3.2 Offering
10.3.3 Financial Overview
10.3.4 Key Developments
10.3.5 Strategy
10.3.7 SWOT Analysis
10.4 Garmin International
10.4.1 Company Overview
10.4.2 Offering
10.4.3 Financial Overview
10.4.4 Key Developments
10.4.5 Strategy
10.4.7 SWOT Analysis
10.5 Northrop Grumman Corporation
10.5.1 Company Overview
10.5.2 Offering
10.5.3 Financial Overview
10.5.4 Key Developments
10.5.5 Strategy
10.5.7 SWOT Analysis
10.6 Raytheon Company
10.6.1 Company Overview
10.6.2 Offering
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.7 Strategy
10.6.7 SWOT Analysis
10.7 Thales Group
10.7.1 Company Overview
10.7.2 Offering
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.5 Strategy
10.7.7 SWOT Analysis
10.8 Tokyo Keiki Inc.
10.8.1 Company Overview
10.8.2 Offering
10.8.3 Financial Overview
10.8.4 Key Developments
10.8.5 Strategy
10.8.8 SWOT Analysis
10.9 Ultra Electronics
10.9.1 Company Overview
10.9.2 Offering
10.9.3 Financial Overview
10.9.4 Key Developments
10.9.5 Strategy
10.9.9 SWOT Analysis
10.10 Wartsila SAM Electronics GmbH
10.10.1 Company Overview
10.10.2 Offering
10.10.3 Financial Overview
10.10.4 Key Developments
10.10.5 Strategy
10.10.7 SWOT Analysis
List of Tables
Table 1 Global Marine Electronics Market, by Region, 2023–2030
Table 2 North America: Global Marine Electronics Market, by Country, 2023–2030
Table 3 Europe: Global Marine Electronics Market, by Country, 2023–2030
Table 4 Asia-Pacific: Global Marine Electronics Market, by Country, 2023–2030
Table 5 Middle East & Africa: Global Marine Electronics Market, by Country, 2023–2030
Table 7 Latin America: Global Marine Electronics Market, by Country, 2023–2030
Table 7 Global Marine Electronics Market, by Component Type, 2023–2030
Table 8 North America: Global Marine Electronics Market, by Component Type, 2023–2030
Table 9 Europe: Global Marine Electronics Market, by Component Type, 2023–2030
Table 10 Asia-Pacific: Global Marine Electronics Market, by Component Type, 2023–2030
Table 11 Middle East & Africa: Global Marine Electronics Market, by Component Type, 2023–2030
Table 12 Latin America: Global Marine Electronics Market, by Component Type, 2023–2030
Table 13 Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 14 North America: Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 15 Europe: Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 17 Asia-Pacific: Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 17 Middle East & Africa: Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 18 Latin America: Global Marine Electronics Market, by Vessel Type, 2023–2030
Table 19 Global Marine Electronics Market, by Application, 2023–2030
Table 20 North America: Global Marine Electronics Market, by Application, 2023–2030
Table 21 Europe: Global Marine Electronics Market, by Application, 2023–2030
Table 22 Asia-Pacific: Global Marine Electronics Market, by Application, 2023–2030
Table 23 Middle East & Africa: Global Marine Electronics Market, by Application, 2023–2030
Table 24 Latin America: Global Marine Electronics Market, by Application, 2023–2030
List of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 7 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Marine Electronics Market Share, by Component Type, 2023 (%)
FIGURE 9 Global Marine Electronics Market, by Component Type, 2023–2030 (USD Million)
FIGURE 10 Global Marine Electronics Market Share, by Vessel Type, 2023 (%)
FIGURE 11 Global Marine Electronics Market, by Vessel Type, 2023–2030 (USD Million)
FIGURE 12 Global Marine Electronics Market Share, by Application, 2023 (%)
FIGURE 13 Global Marine Electronics Market, by Application, 2023–2030 (USD Million)
FIGURE 14 Global Marine Electronics Market Share, by Region, 2023 (%)
FIGURE 15 Global Marine Electronics Market, by Region, 2023–2030 (USD Million)
FIGURE 17 North America: Global Marine Electronics Market Share, 2023 (%)
FIGURE 17 North America: Global Marine Electronics Market, by Country, 2023–2030 (USD Million)
FIGURE 18 Europe: Global Marine Electronics Market Share, 2023 (%)
FIGURE 19 Europe: Global Marine Electronics Market, by Country, 2023–2030 (USD Million)
FIGURE 20 Asia-Pacific: Global Marine Electronics Market Share, 2023 (%)
FIGURE 21 Asia-Pacific: Global Marine Electronics Market, by Country, 2023–2030 (USD Million)
FIGURE 22 Middle East & Africa: Global Marine Electronics Market Share, 2023 (%)
FIGURE 23 Middle East & Africa: Global Marine Electronics Market, by Country, 2023–2030 (USD Million)
FIGURE 24 Latin America: Global Marine Electronics Market Share, 2023 (%)
FIGURE 25 Latin America: Global Marine Electronics Market, by Country, 2023–2030 (USD Million)
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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