Marine Electronics Market Summary

The global marine electronics market size was estimated at USD 6.66 billion in 2024 and is projected to reach USD 9.73 billion by 2030, reflecting a CAGR of 6.7% from 2025 to 2030. Market growth is strongly influenced by rising demand for advanced navigation, communication, and automation systems that enhance maritime safety, operational efficiency, and compliance with evolving regulations. Increased adoption of IoT platforms, satellite connectivity, and smart ship technologies continues to support this expansion, enabling vessels to operate more effectively in dynamic marine environments.

Demand for advanced electronic systems is gaining momentum across both commercial and recreational vessels due to heightened global maritime activity. Concerns regarding navigation accuracy, route optimization, and onboard safety have encouraged widespread integration of modern electronic solutions. With operational cost reduction and fuel efficiency becoming key performance priorities, more vessel operators are adopting electronic systems to streamline movement, minimize downtime, and support informed decision-making. Continued growth in fishing, shipping, and leisure boating industries further fuels the use of marine electronics.

Technological advancements are significantly transforming marine electronic equipment by improving accuracy, connectivity, and automation. Solutions such as integrated bridge systems, digital chart displays, and real-time data monitoring enhance vessel management and response capabilities. The increasing incorporation of IoT and AI technologies also drives predictive maintenance, remote diagnostics, and environmental monitoring, helping operators meet performance expectations while reducing operational risks. Investments aimed at modernizing fleets and upgrading maritime infrastructure globally are also expanding the deployment of advanced electronic systems.

Sustainability trends and stringent environmental regulations are prompting vessel operators to implement electronics that aid energy efficiency and emissions monitoring. The emergence of smart ports, enhanced tracking technologies, and digital maritime ecosystems creates additional demand for sophisticated communication and monitoring solutions. Rising consumer interest in recreational boating and water-sport activities broadens the market’s customer base, encouraging manufacturers to produce more intuitive, connected, and durable systems. Together, these developments continue to shape the evolution and diversification of the marine electronics market.

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Key Market Trends & Insights

• North America accounted for the largest revenue share of 36.48% in 2024.
• The marine electronics industry in the U.S. is expected to experience significant growth over the forecast period.
• By component, hardware led the market with a 63.7% revenue share in 2024.
• By vessel type, the merchant vessel segment dominated the market.
• By application, the navigation system segment held the largest share in 2024.

Market Size & Forecast

• 2024 Market Size: USD 6.66 Billion
• 2030 Market Size: USD 9.73 Billion
• CAGR (2025–2030): 6.7%
• North America: Largest market in 2024
• Asia Pacific: Fastest-growing region

Key Marine Electronics Company Insights

Major companies active in the marine electronics market include Garmin Ltd., Furuno Electric Co., Ltd., Kongsberg Maritime AS, and Navico. Garmin Ltd. provides integrated navigation, communication, and fish-finding systems designed for safety and operational efficiency. Its multifunction displays, radar, autopilot technologies, and sonar systems support both recreational and commercial maritime activities with enhanced connectivity and real-time situational awareness.

Furuno Electric Co., Ltd. is known for its high-performance radar, sonar, GPS, and communication systems, serving commercial shipping and fishing sectors. Its products, including electronic chart systems and integrated bridge solutions, are built for precision and durability under demanding maritime conditions. With a strong heritage in marine electronics, the company delivers equipment that improves vessel safety and operational effectiveness worldwide.

Key Marine Electronics Companies

• Garmin Ltd.
• Furuno Electric Co., Ltd.
• Kongsberg Maritime AS
• Navico
• Wärtsilä Corporation
• Northrop Grumman Corporation
• Thales Group
• Tokyo Keiki Inc.
• L3Harris Technologies, Inc.
• Japan Radio Co., Ltd.
• FLIR Systems, Inc.
• ATLAS ELEKTRONIK GmbH

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Conclusion

The marine electronics market is expanding steadily as vessel operators increasingly rely on digital technologies for safety, navigation accuracy, and cost-efficient operations. With rising maritime activity, stricter environmental regulations, and rapid technological advancements, the adoption of integrated and connected marine systems is gaining momentum across commercial and recreational sectors. As innovation continues to elevate performance and automation, the market is set to maintain strong growth through 2030.