Global Marine Electronics Market Size & Outlook, 2023-2030

The marine electronics industry worldwide is expected to reach a projected revenue of US$ 9,727.5 million by 2030. A compound annual growth rate of 6.3% is expected of the worldwide marine electronics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,341.2
Forecast, 2030 (US$M)
$9,727.5
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide

Global marine electronics market, 2018-2030 (US$M)

Global marine electronics market highlights

  • The global marine electronics market generated a revenue of USD 6,341.2 million in 2023 and is expected to reach USD 9,727.5 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 6,341.2 million in 2023.
  • Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 6,341.2 million
Market revenue in 2030USD 9,727.5 million
Growth rate6.3% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware

Other key industry trends

  • In terms of revenue, the North America accounted for 36.6% of the global marine electronics market in 2023.

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Marine Electronics Market Scope

Marine electronics market segmentation & scope
Software
Services
Vessel Type
Merchant Vessels
Fishing Vessels
Recreational Boats
Other Vessel Type
Application
Navigation System
Communication System
Entertainment System
Other Application
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
Saudi Arabia
UAE
South Africa

Marine Electronics Market Companies

Name Profile # Employees HQ Website

Global marine electronics market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to marine electronics market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global marine electronics market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Marine Electronics Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
    • Software
    • Services
  • Global Marine Electronics Vessel Type Outlook (Revenue, USD Million, 2018-2030)
    • Merchant Vessels
    • Fishing Vessels
    • Recreational Boats
    • Other Vessel Type
  • Global Marine Electronics Application Outlook (Revenue, USD Million, 2018-2030)
    • Navigation System
    • Communication System
    • Entertainment System
    • Other Application

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  • Our clientele includes a mix of marine electronics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global marine electronics market , including forecasts for subscribers. This global databook contains high-level insights into Global marine electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global marine electronics market size, by regions, 2018-2030 (US$M)

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