PRN: Global Marine Electronics Market 2017-2021 - Growing Adoption of UUVs

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Global Marine Electronics Market 2017-2021 - Growing Adoption of UUVs

 
[14-September-2017]
 

DUBLIN, September 14, 2017 /PRNewswire/ --

The "Global Marine Electronics Market 2017-2021" report has been added to Research and Markets' offering.

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The global marine electronics market to grow at a CAGR of 4.77% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global marine electronics market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine electronics. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growing adoption of UUVs. UUVs are underwater drones that are used for various applications, including naval mine detection, seabed mapping, seabed mining, searching for underwater mines, and search and recovery missions. The global UUV market was valued at $2.47 billion in 2015, and it is expected to grow at a CAGR of more than 20% during the forecast period.

According to the report, one driver in the market is increase in adoption of GPS systems. There is an increase in the adoption of GPS systems to determine the location of ships and facilitate immediate rescue efforts during an emergency. GPS systems combine multiple devices and provide accurate details and information. GPS systems, which work on a satellite transmission basis, are highly authentic and effective. They help in pinpointing the position and location of vessels. With the use of GPS systems, seaborne vessels will know which route to take and what courses to avoid.

Further, the report states that one challenge in the market is requirement of high R&D investments for sonar modules. Sonar systems are categorized into two segments: commercial and defense. Sonars for commercial applications are mainly used by individuals for fishing, treasure hunting, and seabed surveys. These sonars cost $100-$1,000 and do not require high! R&D investments. However, sonars that are used for defense applications have much higher average selling prices and require huge R&D investments, which are factors that are impeding new developments in sonar modules. This is because sonar system manufacturers have to customize these devices according to their customers' requirements.

Key vendors

  • ATLAS ELEKTRONIK
  • FLIR Systems
  • FURUNO ELECTRIC
  • Garmin
  • Johnson Outdoors
  • Kongsberg Maritime
  • Kraken Sonar
  • Navico
  • Neptune Sonar
  • Northrop Grumman
  • Raytheon
  • R2Sonic
  • Sound Metrics
  • Thales Group
  • Ultra Electronics

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Market overview
  • Global marine electronics market by sonar systems
  • Global marine electronics market by radars
  • Global marine electronics market by GPS tracking devices

PART 07: Geographical segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

  • Growing adoption of UUVs
  • Increasing adoption of sonar systems for search and rescue operations
  • Growing use of passive radars
  • Developments in SAS technology

PART 11: Vendor landscape

PART 12: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/qww76t/global_marine

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Laura Wood, Senior Manager
press@researchandmarkets.com

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