The marine electronics market was valued at US$ 5.2 billion in 2022 and is expected to reach US$ 7.5 billion by 2029, growing at a CAGR of 5.3% throughout that time. Increased demand for ships and boats as a result of increased industrialization and globalization is driving the expansion of the marine electronics industry. The usage of marine electronics equipment has expanded as …
Tag Archives: Marine Electronics Market
Marine Electronics Market Forecasted at 5.3% CAGR, Envisioning a US$ 7.5 Billion Seascape
The marine electronics market was valued at US$ 5.2 billion in 2022 and is expected to reach US$ 7.5 billion by 2029, growing at a CAGR of 5.3% throughout that time. Increased demand for ships and boats as a result of increased industrialization and globalization is driving the expansion of the marine electronics industry. The usage of marine electronics equipment has expanded as …
Marine Electronics Market Set to Surge with a 5.3% CAGR, Anticipated to Reach US$ 7.5 Billion
The marine electronics market was valued at US$ 5.2 billion in 2022 and is expected to reach US$ 7.5 billion by 2029, growing at a CAGR of 5.3% throughout that time. Increased demand for ships and boats as a result of increased industrialization and globalization is driving the expansion of the marine electronics industry. The usage of marine electronics equipment has expanded as …
Marine Electronics Market is Booming Across the Globe and Witness Huge Growth by Key Players to 2029
The market for marine electronics is expected to be worth US$ 5.2 billion in 2022 and US$ 7.5 billion by 2029, growing at a CAGR of 5.3 percent over that time. Marine Electronics Market Size (2022) US$ 5.2 Bn Sales Forecast (2029) US$ 7.5 Bn Global Market Growth Rate (2022 to 2029) 5.3% CAGR Share …