Market Overview:
The Global Marine Electronic Navigation System Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for marine electronic navigation systems in the commercial and defense applications. The vector chart (ENC) type segment is projected to grow at a higher CAGR during the forecast period, owing to its advantages such as high accuracy and real-time updates over traditional raster charts (RNC). In terms of application, the commercial segment is projected to grow at a higher CAGR during the forecast period, owing to increase in maritime trade activities across different regions. However, defense application is expected witness highest growth rate during 2018-2030 due rising concerns over maritime security among various countries across the globe. Regionally, North America accounted for majority share of global marine electronic navigation system market in 2017 and it will continue its dominance throughout forecast period due growing demand from commercial sector coupled with presence of major players operating in this region.
Product Definition:
A Marine Electronic Navigation System is a system that uses electronic devices to help navigate a vessel. This can include devices such as Global Positioning Systems (GPS), Loran-C, and Radar. These systems can help provide accurate positioning information as well as tracking of other vessels in the area. They are important for navigation because they provide reliable and accurate information which can be used to make decisions while sailing.
Vector Chart (ENC):
A vector chart is an electronic navigation chart which uses a series of vectors to represent the course and position of objects in the maritime environment. The term vector is used because these charts are created using advanced computer technology and use mathematical formulas to plot data points on a map. These maps can be displayed in two different forms, namely as detailed T-shaped charts or L-shaped charts (known as contour maps) depending upon user requirements.
Raster Chart (RNC):
Raster chart is a type of electronic navigation map which displays geographic information in the form of lines and points. It is commonly used for marine applications such as shipping, coastal navigation, nautical charts etc. The term “raster” derived from the German word “rasten” which means array or grid. A raster chart consists of series of gridslines and data values that are used to represent geographical features such as coastline, islands, bays etc.
Application Insights:
The defense segment dominated the global marine electronic navigation system market in 2017 and is expected to maintain its dominance over the forecast period. The growing need for enhancing maritime security, coupled with a rise in military activities across various regions, has led to an increased adoption of MENCs by defense agencies. Furthermore, governments are increasingly focusing on enhancing their naval capabilities as they believe that it is the only way to safeguard their sovereignty and ensure safety at sea.
The commercial segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to an increase in shipping activities across major waterways such as Panama Canal and Suez Canal. Moreover, increasing trade between Asia Pacific and North America will drive demand for MENCs used for navigation purposes along these waterways which otherwise would have been done using dead reckoning techniques (D/L).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of ship traffic, which makes it an ideal location for marine electronics navigation systems. China, Japan, South Korea and India are some of the countries that have adopted these systems on a large scale owing to their extensive coastline and high trade volume across various sectors such as bulk & container shipping, fishing vessels etc.
Europe accounted for more than 25% share in 2017 owing to adoption by several commercial ships including cruise ships operating from U.K., Germany, Italy and other European countries among others using both vector charting system (ENC) as well raster chart RNC).
Growth Factors:
- Increasing demand for marine electronic navigation systems from the commercial shipping sector as a result of the need to improve safety and efficiency at sea.
- The increasing popularity of recreational boating, which is driving demand for more sophisticated marine electronic navigation systems.
- The development of new technologies that are making marine electronic navigation systems smaller, lighter and more affordable, thus widening their appeal to a wider range of consumers.
- Government regulations mandating the use of certain types of marine electronic navigation systems in order to improve safety at sea.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Electronic Navigation System Market Research Report
By Type
Vector Chart (ENC), Raster Chart (RNC)
By Application
Defense, Commercial
By Companies
RH Marine, Furuno Electric, Raytheon Anschütz, DANELEC MARINE, Northrop Grumman Sperry Marine, StormGeo(Nautisk), Kongsberg Maritime, Raymarine Marine Electronics, Japan Radio, B&G Company, RH Marine, Highlander, Dalian Navtech Information, Xinuo Information Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Marine Electronic Navigation System Market Report Segments:
The global Marine Electronic Navigation System market is segmented on the basis of:
Types
Vector Chart (ENC), Raster Chart (RNC)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RH Marine
- Furuno Electric
- Raytheon Anschütz
- DANELEC MARINE
- Northrop Grumman Sperry Marine
- StormGeo(Nautisk)
- Kongsberg Maritime
- Raymarine Marine Electronics
- Japan Radio
- B&G Company
- RH Marine
- Highlander
- Dalian Navtech Information
- Xinuo Information Technology
Highlights of The Marine Electronic Navigation System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vector Chart (ENC)
- Raster Chart (RNC)
- By Application:
- Defense
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Electronic Navigation System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine Electronic Navigation System (MENS) is a type of electronic navigation system that uses satellites to provide navigational information. MENS systems can be used in boats, ships, and aircraft.
Some of the key players operating in the marine electronic navigation system market are RH Marine, Furuno Electric, Raytheon Ansch¼tz, DANELEC MARINE, Northrop Grumman Sperry Marine, StormGeo(Nautisk), Kongsberg Maritime, Raymarine Marine Electronics, Japan Radio, B&G Company, RH Marine, Highlander, Dalian Navtech Information, Xinuo Information Technology.
The marine electronic navigation system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Electronic Navigation System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Electronic Navigation System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Electronic Navigation System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Electronic Navigation System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Electronic Navigation System Market Size & Forecast, 2018-2028
4.5.1 Marine Electronic Navigation System Market Size and Y-o-Y Growth
4.5.2 Marine Electronic Navigation System Market Absolute $ Opportunity
Chapter 5 Global Marine Electronic Navigation System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Electronic Navigation System Market Size Forecast by Type
5.2.1 Vector Chart (ENC)
5.2.2 Raster Chart (RNC)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Electronic Navigation System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Electronic Navigation System Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Electronic Navigation System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Electronic Navigation System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Electronic Navigation System Analysis and Forecast
9.1 Introduction
9.2 North America Marine Electronic Navigation System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Electronic Navigation System Market Size Forecast by Type
9.6.1 Vector Chart (ENC)
9.6.2 Raster Chart (RNC)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Electronic Navigation System Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Electronic Navigation System Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Electronic Navigation System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Electronic Navigation System Market Size Forecast by Type
10.6.1 Vector Chart (ENC)
10.6.2 Raster Chart (RNC)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Electronic Navigation System Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Electronic Navigation System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Electronic Navigation System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Electronic Navigation System Market Size Forecast by Type
11.6.1 Vector Chart (ENC)
11.6.2 Raster Chart (RNC)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Electronic Navigation System Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Electronic Navigation System Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Electronic Navigation System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Electronic Navigation System Market Size Forecast by Type
12.6.1 Vector Chart (ENC)
12.6.2 Raster Chart (RNC)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Electronic Navigation System Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Electronic Navigation System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Electronic Navigation System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Electronic Navigation System Market Size Forecast by Type
13.6.1 Vector Chart (ENC)
13.6.2 Raster Chart (RNC)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Electronic Navigation System Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Electronic Navigation System Market: Competitive Dashboard
14.2 Global Marine Electronic Navigation System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RH Marine
14.3.2 Furuno Electric
14.3.3 Raytheon Anschütz
14.3.4 DANELEC MARINE
14.3.5 Northrop Grumman Sperry Marine
14.3.6 StormGeo(Nautisk)
14.3.7 Kongsberg Maritime
14.3.8 Raymarine Marine Electronics
14.3.9 Japan Radio
14.3.10 B&G Company
14.3.11 RH Marine
14.3.12 Highlander
14.3.13 Dalian Navtech Information
14.3.14 Xinuo Information Technology
