Marine Navigation Systems Market 2019 Global Size, Regional Outlook, End User, Development, Emerging Technology, Innovation, Segmentation, Strategy, Growth Opportunities, Latest Trends Forecast 2023

Marine Navigation Systems Market 2019 Global Size, Regional Outlook, End User, Development, Emerging Technology, Innovation, Segmentation, Strategy, Growth Opportunities, Latest Trends Forecast 2023

“Marine Navigation Systems Market”
Marine Navigation Systems Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Chart Plotter, Electronic Navigation Chart, Others), Application (Ship, Remotely Operated Underwater Vehicle, Autonomous Underwater Vehicle, Boat) End-use Industry (Defense, Commercial) and Region – Forecast till 2023

Marine Navigation Systems Market – Market Overview

Of late, with the rapid advances in technologies, various software tools, gadgets, and instruments are being used for marine navigation. These electronic or digital systems help the naval sailor navigate the ship conveniently, during low-visibility conditions such as fogs and blizzards, to the intended directions. The use of global positioning system (GPS) has become indispensable for marine navigation, in particular. Moreover, approximately every ship today is integrated with such advanced navigation tools for safe transport. In addition, with the integration of mobile tablets, the market is transforming towards the era of handheld GPS and navigation devices.

Traditionally, the sailors were reliant on the nautical charts that were actually plotted on papers. Such charts used to give a two-dimensional view of the sea and were updated after certain gaps. As a result, navigation became vulnerable with respect to sudden changes in the sea conditions. To avoid such concerns, electronic nautical charts were developed.

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The raster chart and vector chart are the two major types of electronic nautical charts. While the raster chart focuses primarily on paper-based navigation, the vector chart is more data-oriented. Although, the data is hidden, the use of navigational software such as the Electronic Chart Display Information System (ECDIS), helps in the instant provision of data, via the display systems.

Intended Audience

  • Service Providers
  • Policy Maker
  • Naval Equipment Manufacturers

Marine Navigation Systems Market – Competitive Analysis

The leading market players in the global marine navigation systems market primarily include DANELEC MARINE, FLIR Systems, Inc., Kongsberg Maritime, Northrop Grumman Sperry Marine B.V., Raytheon Anschütz, FURUNO ELECTRIC CO. LTD., Honeywell International, Icom America Inc., Periskal group, SevenCs GmbH, Transas, and Tresco Engineering bvba.

The global Marine Navigation Systems Market is fragmented as a result of the presence of a large number of vendors. The market is characterized by the presence of well-diversified small and medium-sized vendors. The competitive environment in this market is expected to intensify with the increase in product extensions, technological innovations, and increase in the number of mergers and acquisitions. It is expected that international players may grow organically during the forecast period by acquiring smaller players. 

Currently, there are several chart plotting technologies that exist in the market. One prominent one is called SEA CLARE, a PC-based software that can be accessible in Windows 2000 and higher operating systems. The software, upon connection with the GPS, shows the speed, direction of heading, and position of the naval vessel in real-time. Similarly, Maris, a Norway-based company, had developed Pilot Mate, a chart system based on the ECDIS. In this chart, real-time updates, regarding the direction of heading and tidal information, are received over emails. Such systems also aid in route planning and monitoring.

Marine Navigation Systems Market – Segments

For the convenience of the report and enhanced understanding; the marine navigation systems market is segmented in to four key dynamics:

Segmentation by Type: Chart Plotter, Electronic Navigation Chart, and Others.

Segmentation by Application: Ship, Boat, Autonomous underwater vehicle (AUV), and Remotely operated underwater vehicle (ROV).

Segmentation by End User: Commercial and Defense.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Marine Navigation Systems Market – Regional Analysis

North America extensively invests in the marine navigation systems, and thus generates a very high demand for these systems. In the recent years, the US has also been at the forefront of naval technology innovations. Although, Brazil and Canada make some investments in the development of such systems, yet the market is primarily dominated by the US. Moreover, the North American region is surrounded by seas and ocean, which makes the region a very attractive market for ships, boats, and submarines etc., and consequently for the maritime systems that are integrated with such vessels.

Similarly, over the years, a large focus on increasing the efficiency of maritime systems has been witnessed, in the European region, where the sea-freight is a major boost to the national revenue. The European Union (EU), naval shipyards, and other governing bodies ensure the continuous maintenance and upgrade of the maritime systems.

As a result, it is expected that the North American and the European region, in particular, would witness a significant growth in their market revenues, during the forecast period.

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Research Methodology

Market Research Future (MRFR) employ a selective body of methods which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been used as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Inquisitive and proficient data analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety.

List of Tables

Table 1 Market Synopsis 
Table 2 List of Assumptions 
Table 3 Major Granted Patents on Marine Navigation System(June 15, 2013 – June 15, 2018) 
Table 4 Global Marine Navigation System Market, by Type, 2017-2023 (Usd Million) 
Table 5 Chart Plotter: Marine Navigation System Market, by Region, 2017-2023 (Usd Million) 
Table 6 Electronic Navigation Chart: Marine Navigation System Market, by Region, 2017-2023 (Usd Million) 
Table 7 Electronic Navigation Chart: Marine Navigation System Market, by Type, 2017-2023 (Usd Million) 
Table 8 Others: Marine Navigation System Market, by Region, 2017-2023 (Usd Million) 
Table 9 Global Marine Navigation System Market, by Application, 2017-2023 (Usd Million) 
Table 10 Ship: Marine Navigation System Market, by Region, 2017-2023 (Usd Million)

Continued…….

List of Figures

Figure 1 Global Marine Navigation System Market: Market Structure 
Figure 2 Key Takeaways From Marine Navigation System Market 
Figure 3 Key Buying Criteria of Marine Navigation Systems 
Figure 4 Research Process of Mrfr 
Figure 5 Top Down & Bottom Up Approach 
Figure 6 Drot Analysis of Global Marine Navigation System Market 
Figure 7 Growth in International Seaborne Trade (1970 – 2016) 
Figure 8 Global Ocean Cruise Passengers (in Millions) 2009 – 2018 
Figure 9 Porter’s Five Forces Analysis of the Global Marine Navigation System Market 
Figure 10 Supply Chain: Marine Navigation Systems

Continued……..

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