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The marine radar market is forecasted to grow by USD 163.1 million during 2023-2028, accelerating at a CAGR of 4% during the forecast period. The report on the marine radar market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for enhanced maritime safety and security, increasing naval defense budgets and modernization programs, and rise in marine tourism.
The marine radar market is segmented as below:
By Application
- Fishing vessel
- Merchant vessel
- Naval vessel
- Recreational vessel
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the marine radar market covers the following areas:
- Marine Radar Market sizing
- Marine Radar Market forecast
- Marine Radar Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global marine radar market: Alphatron Marine B.V., BAE Systems Plc, Brunswick Corp., Dassault Systemes SE, Furuno Electric Co. Ltd., Garmin Ltd., GEM elettronica, General Dynamics Corp., Honeywell International Inc., Koden Electronics Co. Ltd., L3Harris Technologies Inc., Lockheed Martin Corp., Nisshinbo Holdings Inc., Northrop Grumman Corp., RTX Corp., Saab AB, Teledyne FLIR LLC, Thales Group, Wartsila Corp., and WMJ Marine Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising adoption of advanced solid-state radar systems."
According to the report, one of the major drivers for this market is the increasing demand for enhanced maritime safety and security.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphatron Marine B.V.
- BAE Systems Plc
- Brunswick Corp.
- Dassault Systemes SE
- Furuno Electric Co. Ltd.
- Garmin Ltd.
- GEM elettronica
- General Dynamics Corp.
- Honeywell International Inc.
- Koden Electronics Co. Ltd.
- L3Harris Technologies Inc.
- Lockheed Martin Corp.
- Nisshinbo Holdings Inc.
- Northrop Grumman Corp.
- RTX Corp.
- Saab AB
- Teledyne FLIR LLC
- Thales Group
- Wartsila Corp.
- WMJ Marine Corp.
