Market Overview:
The global marine electronics tester market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for marine electronics testers from merchant vessels, fishing vessels, and military naval vessels across the globe. Additionally, the growing awareness about safety and security among vessel operators is also contributing to the growth of this market. The global marine electronics tester market can be segmented on the basis of type into sonar tester, environment tester, VHF communication device tester, and others. The sonar tester segment is expected to hold a major share of the global marine electronics testers market during the forecast period owing to its wide usage in various applications such as merchant vessels, fishing boats, and military naval ships. On the basis of application,the global marinetronics testersmarket can be divided into merchant vessels,,fishing boats,,and military naval ships,.
Product Definition:
A Marine Electronics Tester is an electronic device used to test the performance of marine electronic equipment. The importance of a Marine Electronics Tester is that it allows for the testing and inspection of marine electronics prior to installation, in order to ensure that they are working properly.
SONAR Tester:
SONAR Tester is a device used to test the SONAR systems. It's an electronic device which produces sound waves and measures the time taken for these sound waves to travel from the testing equipment to the receiving antenna. The testing of SONAR consists of two phases, namely search and detection, and measurement or calibration.
Environment Tester:
Environment tester is a device used to test the environment of marine electronics. It helps in testing and monitoring corrosion, immunity, noise & temperature etc. of marine electronics such as engine control modules (ECM), propulsion systems etc.
The global environment tester and it's usage in the marine electronics tester market was valued at USD 472 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5% from 2019 to 2023.
Application Insights:
The military naval vessel segment dominated the global marine electronics tester market in terms of revenue share in 2017. The growth can be attributed to the increasing defense expenditure by countries such as China, Japan, and India. Moreover, growing maritime trade across the Asia Pacific region is expected to boost demand for efficient cargo and container handling systems which will further propel demand over the forecast period.
The fishing vessels segment accounted for a significant revenue share in 2017 owing to rising awareness about sustainable fishing practices coupled with an increase in fish production globally. Technological advancements have also enabled fishermen to use electronic equipment such as Global Positioning Systems (GPS) devices and depth finders that help them land more fishes at sea thereby boosting product demand among small scale fishermen worldwide.
Regional Analysis:
Asia Pacific dominated the global marine electronics tester market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for recreational boats and growing popularity of marine sports activities such as fishing, water skiing, wakeboarding, and white-water rafting. In addition, rising number of shipbuilding projects in developing economies including China and India are anticipated to fuel product demand over the next eight years.
The North American regional market held a share of more than 20% in terms of revenue in 2017 on account of high penetration rates for advanced VHF communication devices among commercial vessels operating within U.S., which enable efficient communication with other ships at sea as well as with shore stations using public safety radio systems (DSC). Moreover, presence of major manufacturers such as General Dynamics; Lockheed Martin Corporation; Raytheon Company; Harris Corporation; Cetron Inc.; ITT Exelis Inc.; Keyence Corp.
Growth Factors:
- Increasing demand for marine electronics from the shipping and defense sectors
- Growing popularity of leisure boats and yachts
- Proliferation of advanced digital technologies in marine electronics
- Rising concerns over safety and security of maritime transportation systems
- Emergence of new applications for marine electronics
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Electronics Tester Market Research Report
By Type
SONAR Tester, Environment Tester, VHF Communication Device Tester, Others
By Application
Merchant Vessels, Fishing Vessels, Military Naval Vessels
By Companies
Nemko, IKM Instrutek, Safetbag, Aeromarine, Elite Electronic Engineering, Parker Hannifin Manufacturing, FURUNO ELECTRIC, CDI Electronics, Elite Electronic Engineering, METRAWATT International
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Marine Electronics Tester Market Report Segments:
The global Marine Electronics Tester market is segmented on the basis of:
Types
SONAR Tester, Environment Tester, VHF Communication Device Tester, Others
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
Merchant Vessels, Fishing Vessels, Military Naval Vessels
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:
- Nemko
- IKM Instrutek
- Safetbag
- Aeromarine
- Elite Electronic Engineering
- Parker Hannifin Manufacturing
- FURUNO ELECTRIC
- CDI Electronics
- Elite Electronic Engineering
- METRAWATT International
Highlights of The Marine Electronics Tester 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:
- SONAR Tester
- Environment Tester
- VHF Communication Device Tester
- Others
- By Application:
- Merchant Vessels
- Fishing Vessels
- Military Naval Vessels
- 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 Electronics Tester 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?
A Marine Electronics Tester is a device used to test and diagnose marine electronics.
Some of the key players operating in the marine electronics tester market are Nemko, IKM Instrutek, Safetbag, Aeromarine, Elite Electronic Engineering, Parker Hannifin Manufacturing, FURUNO ELECTRIC, CDI Electronics, Elite Electronic Engineering, METRAWATT International.
The marine electronics tester market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Electronics Tester Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Electronics Tester Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Electronics Tester Market - Supply Chain
4.5. Global Marine Electronics Tester Market Forecast
4.5.1. Marine Electronics Tester Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Electronics Tester Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Electronics Tester Market Absolute $ Opportunity
5. Global Marine Electronics Tester Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Electronics Tester Market Size and Volume Forecast by Type
5.3.1. SONAR Tester
5.3.2. Environment Tester
5.3.3. VHF Communication Device Tester
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Electronics Tester Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Electronics Tester Market Size and Volume Forecast by Application
6.3.1. Merchant Vessels
6.3.2. Fishing Vessels
6.3.3. Military Naval Vessels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Electronics Tester Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Electronics Tester Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Electronics Tester Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Electronics Tester Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Electronics Tester Demand Share Forecast, 2019-2026
9. North America Marine Electronics Tester Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Electronics Tester Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Electronics Tester Market Size and Volume Forecast by Application
9.4.1. Merchant Vessels
9.4.2. Fishing Vessels
9.4.3. Military Naval Vessels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Electronics Tester Market Size and Volume Forecast by Type
9.7.1. SONAR Tester
9.7.2. Environment Tester
9.7.3. VHF Communication Device Tester
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Electronics Tester Demand Share Forecast, 2019-2026
10. Latin America Marine Electronics Tester Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Electronics Tester Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Electronics Tester Market Size and Volume Forecast by Application
10.4.1. Merchant Vessels
10.4.2. Fishing Vessels
10.4.3. Military Naval Vessels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Electronics Tester Market Size and Volume Forecast by Type
10.7.1. SONAR Tester
10.7.2. Environment Tester
10.7.3. VHF Communication Device Tester
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Electronics Tester Demand Share Forecast, 2019-2026
11. Europe Marine Electronics Tester Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Electronics Tester Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Electronics Tester Market Size and Volume Forecast by Application
11.4.1. Merchant Vessels
11.4.2. Fishing Vessels
11.4.3. Military Naval Vessels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Electronics Tester Market Size and Volume Forecast by Type
11.7.1. SONAR Tester
11.7.2. Environment Tester
11.7.3. VHF Communication Device Tester
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Electronics Tester Demand Share, 2019-2026
12. Asia Pacific Marine Electronics Tester Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Electronics Tester Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Electronics Tester Market Size and Volume Forecast by Application
12.4.1. Merchant Vessels
12.4.2. Fishing Vessels
12.4.3. Military Naval Vessels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Electronics Tester Market Size and Volume Forecast by Type
12.7.1. SONAR Tester
12.7.2. Environment Tester
12.7.3. VHF Communication Device Tester
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Electronics Tester Demand Share, 2019-2026
13. Middle East & Africa Marine Electronics Tester Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Electronics Tester Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Electronics Tester Market Size and Volume Forecast by Application
13.4.1. Merchant Vessels
13.4.2. Fishing Vessels
13.4.3. Military Naval Vessels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Electronics Tester Market Size and Volume Forecast by Type
13.7.1. SONAR Tester
13.7.2. Environment Tester
13.7.3. VHF Communication Device Tester
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Electronics Tester Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Electronics Tester Market: Market Share Analysis
14.2. Marine Electronics Tester Distributors and Customers
14.3. Marine Electronics Tester Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nemko
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IKM Instrutek
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Safetbag
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aeromarine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elite Electronic Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Parker Hannifin Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FURUNO ELECTRIC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CDI Electronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elite Electronic Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. METRAWATT International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook