Market Research Future published a cooked research report global marine navigation systems market that contains the information from 2017 to 2022. The Global Marine Navigation Systems Market is expected to grow with the CAGR of approximately 5.85% from 2017 to 2023.
Taste the market data and market information presented through more than 80 market data tables and figures spread in more than 80 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Marine Navigation Systems Market Information from 2017 to 2023"
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The global marine navigation system market has seen a rising demand for marine navigation systems owing to its growing demand from its application sectors such as commercial and military. The global market is majorly influenced by the factors such as growth of marine industry, increasing demand for accuracy in navigation, technological advancements, increasing marine activities, and growing investment. Over the last few years, there has been an increase in the need of higher accuracy in navigation. As a result the demand for marine navigation system has increased steadily. Moreover, in the last few years, the technology has upgraded which has made the voyage much easier and safer.
As per MRFR analysis, the global marine navigation system market has seen a significant growth in the last couple of years and it has been observed that, the market will remain in the growing phase till forecast period. This market was valued at USD 1,370.47 million in 2016, and is expected to reach USD 1,927.97 million by 2022 with the CAGR of 5.85%.
For this study, the global marine navigation system market has been segmented, based on types and applications.
For this study, the global marine navigation system market has been segmented, based on types and applications.
On the basis of type, the market has been segmented as chartplotter, weather satellite system and radar. Among these types, chartplotter has accounted the largest market share of 48.54%, in 2016, followed by radar and weather satellite system. The growing demand for chartplotter in marine navigation system, has pushed the market growth.
On the basis of application, the market has been segmented as commercial and military. Among these, military application has registered the largest market share in 2016. The increasing investment on marine industry, has fueled the demand for navigation systems.
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The major players operating in global marine navigation system market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are Teledyne Marine, Icom America, Simrad, Consilium, Kongsberg Maritime, Northrop Grumman, SevenCs, QPS (SAAB), Raytheon Anschuetz and Tresco.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global marine navigation system market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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Marine GPS systems have come a long way since their introduction to the market, and you don’t have to be an expert of the sea to use one effectively.
Before you buy marine GPS navigation online, let’s talk about what are they, what they do and why you might need one.What are GPS marine navigation systems?Marine GPS systems are designed especially for the marine setting.
These gadgets are strongly recommended because of the increased safety they offer to the navigators in the open water.
In fact, sailing courses these days widely use GPS systems within their training programs.Different types of GPS marine navigation systems available:Handheld:Though these are the cheapest of devices they’re generally just as accurate.
Handheld devices can also be used in other situations like hiking or in the car.
Chartplotters: Compared to the handheld GPS marine navigation systems the chartplotters are a significant improvement.
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