India Marine Electronics Market Size & Outlook, 2025-2030
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India marine electronics market highlights
- The India marine electronics market generated a revenue of USD 329.0 million in 2024 and is expected to reach USD 595.5 million by 2030.
- The India market is expected to grow at a CAGR of 10.6% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Marine electronics market data book summary
| Market revenue in 2024 | USD 329.0 million |
| Market revenue in 2030 | USD 595.5 million |
| Growth rate | 10.6% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services, Hardware |
| Key market players worldwide | Garmin Ltd, Furuno Electric Co Ltd, Kongsberg Gruppen ASA, Brunswick Corp, Wartsila Corp, Northrop Grumman Corp, Thales Group, L3Harris Technologies Inc, Nisshinbo Holdings Inc ADR, Thyssenkrupp AG |
Other key industry trends
- In terms of revenue, India accounted for 4.9% of the global marine electronics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China marine electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 595.5 million by 2030.
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Marine Electronics Market Scope
Marine Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nisshinbo Holdings Inc ADR | View profile | 22225 | 2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, Japan, 103-8650 | http://www.nisshinbo.co.jp |
| Furuno Electric Co Ltd | View profile | 3356 | 9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, Japan | http://www.furuno.co.jp |
| Kongsberg Gruppen ASA | View profile | 13602 | Kirkegardsveien 45, Kongsberg, Norway, N-3616 | https://www.kongsberg.com |
| Brunswick Corp | View profile | 17300 | 26125 N. Riverwoods Boulevard, Suite 500, Mettawa, IL, United States, 60045-3420 | https://www.brunswick.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
| Wartsila Corp | View profile | 17909 | Hiililaiturinkuja 2, Helsinki, Finland, FI-00180 | https://www.wartsila.com |
| Garmin Ltd | View profile | 19900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | https://www.garmin.com |
India 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 69.42% in 2024. Horizon Databook has segmented the India marine electronics market based on software, services, hardware covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of India marine electronics market databook
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Our clientele includes a mix of marine electronics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India marine electronics market , including forecasts for subscribers. This country databook contains high-level insights into India marine electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India marine electronics market size, by component, 2018-2030 (US$M)
India Marine Electronics Market Outlook Share, 2024 & 2030 (US$M)
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