. Navigating the Future: Growth Prospects of the Marine Electronics Market
The marine industry has always been central to global trade, defense, and recreation. With technology advancing at an unprecedented pace, the role of marine electronics is becoming more crucial than ever. These systems—ranging from navigation and communication to surveillance and automation—are not just...
The Marine Electronics Market Size, was US$ 6.06 Bn in 2023 and is expected to reach US$ 8.53 Bn by 2030, at a CAGR of 5% during the forecast period.
The growth of the market can be attributed to advancements in technology, increasing marine activities, and improved safety protocols.
Market Definition & Estimation
The Marine...
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