Marine Electronics Industry growth analysis and key business strategies 2026
                     Marine Electronics Industry growth analysis and key business strategies 2026 
Market Overview 
Marine electronics are specially designed electronic devices used in ships, yachts or boats, which have 
water proofing or water corrosion resistance properties that protect ships, boats or yachts from salty 
water, brackish water, and irregular waves. These devices come in sizes ranging from 7 inches to 19 
inches. Each marine device has its own specific function. Electronic devices that are used in marine 
environment comprise global positioning system devices (GPS), radio detection and ranging (RADAR) 
and video displays, chart plotters, sound navigation and ranging (SONAR) systems, radar displays used to 
give radar data to operator, and chart plotters used in navigation application. 
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Market Dynamics 
Electronic devices such as VHF radio systems and Digital Selective Calling (DSC) systems are used to 
facilitate ship to ship or ship to shore communication. This type of communication is useful, as alert signals 
can be given to the concerned officials in case of a technical snag or a problem, which is very important 
for safety and security of seafarers. Therefore, growing use of electronic devices in marine communication 
helps in increasing the market revenue of companies manufacturing marine electronic devices. The 
National Marine Electronics Association (NMEA), in 2000, presented a new standard for data 
communication among shipboard electronic devices, which are used in power generation, navigation, fire 
alarm, and vessel control applications. This standard mandates the deployment of a faster network in 
comparison to other conventional networks, as it is devoid of any setup and it also eliminates the 
requirement of a master controller for operating it. As a result, the implementation of the new effective 
standard in data communication leads to the use of advanced electronic devices in the marine 
environment, which results in growth of the marine electronics market.  
Unmanned Underwater Vehicle (UUV) is an underwater drone, which is capable of traveling under water 
without human intervention. This equipment is used to search for underwater mines and in the 
investigation of nuclear reactor waste and removal. Sound Navigation and Ranging (SONAR) device is also 
known as a fish finder device, which is mainly used in the fishing industry. The usage of SONAR device has 
increased over the last few decades, as it is primarily used for searching fish, and other marine and aquatic 
life. Radio Detection and Ranging (RADAR) is an essential device, which is used for various applications 
such as ocean surveillance, to trace landmarks, and track other ships. Moreover, it is also used in ice 
navigation and ice management. The adoption of UUV, RADAR, and SONAR in the marine electronics 
market is expected to drive growth of the market. According to Coherent Market Insights, it is expected 
that the global UUV market will be sized at around US$ 4 billion by 2021. The market was valued at around 
US$2.2 billion in 2015. 
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Key players operating in the global marine electronics market include Transas, Kongsberg Gruppen, 
Intellian, Honeywell Process Solutions, Johnson Outdoors Marine Electronics Inc. (Hummingbird), Atlas 
Electronics, FLIR Systems, Furuno electric, Garmin, Navico, Neptune Sonar, and Northrop Grumman. 
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