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Marine electronics market to grow at a CAGR of 4.77% to 2021 according to market forecasts

Global Marine Electronics Market is Projected to grow at 4.77% CAGR during the period 2017-2022. Marine Electronics Industry research report also provides granular analysis of the market share, Size, Market driver, Market challenge and geographic regions of the market.

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

Marine electronics are electronic devices that are specifically designed for the marine environment. Each device has its own specific function.

The report considers the following marine electronic products: Sonar (sound navigation and ranging) systems, Radars, and GPS tracking devices. The global marine electronics market is segmented based on product and geography.

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Sonar systems dominated the global marine electronics market in 2016, accounting for a share of 61.19%. It is expected to account for 57.29% of the market by 2021.

Report: www.marketstudyreport.com/553325/?utm_source=WTEC-AN

Covered in this report

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 presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:  Americas, APAC, EMEA

The report, Global Marine Electronics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Key vendors Raytheon, R2Sonic, Sound Metrics, Thales Group, Ultra Electronics

Market driver Increase in adoption of GPS systems, For a full, detailed list, view our report

Report: www.marketstudyreport.com/request-…tm_source=WTEC-AN

Market challenge Requirement of high R&D investments for sonar modules, For a full, detailed list, view our report

Market trend Growing adoption of UUVs, For a full, detailed list, view our report

Key questions answered in this report What will the market size be in 2021 and what will the growth rate be What are the key market trends?, What is driving this market?, What are the challenges to market growth?, Who are the key vendors in this market space?, What are the market opportunities and threats faced by the key vendors?, What are the strengths and weaknesses of the key vendors

Report: www.openpr.com/news/archive/144590…dyreport-com.html

 

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