Marine Navigation Systems Market - Top Companies and Manufacturers

Companies Dominating the Marine Navigation Systems Market

Key players are driving growth through a combination of technological innovation, strategic partnerships, and expanding product offerings. These players are particularly focusing on integrating features like automated route planning, collision avoidance, and predictive analytics, which improve safety and operational efficiency for both commercial and recreational vessels. Moreover, mergers and acquisitions are helping companies expand their product portfolios and improve their market reach.

Here are some key players in the marine navigation systems market:

Inmarsat Group Limited

Company Overview
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Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis

Northrop Grumman Corporation
Honeywell International Inc.
Hughes Network Systems LLC
Thales Group
Thurava Telecommunications Company
Safran SA
Network Innovation Inc.
FLIR Systems Inc
SevenCs
Iridium Communications Inc.

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Marine Navigation Systems Market Size, Forecast Report 2037

In the News

In September 2024, Iridium Communications Inc. introduced Iridium Certus GMDSS, a revolutionary leap in marine safety, compliance, and communication. Building on the powerful capabilities of Iridium Certus technology, Iridium Certus GMDSS includes distress alert, safety voice, and Maritime Safety Information (MSI), as well as additional regulated services such as Long Range Identification and Tracking (LRIT) and Ship Security Alert System (SSAS).
In June 2020, FLIR Systems released Raymarine Axiom+, a series of multifunction displays (MFDs) designed for fishermen, cruisers, and sailors. It also includes enhanced Raymarine LightHouse Charts cartography, providing improved clarity and control for marine navigation.

Frequently Asked Questions (FAQ)

The global marine navigation systems sector was valued at USD 14.1 billion in 2024 and is projected to expand at a profitable CAGR of 4.2% during the forecast period, i.e., 2025-2037.

The global marine navigation systems sector registered a profitable valuation of USD 14.1 billion in 2024 and is poised to reach USD 24.07 billion by 2037 expanding at a CAGR of 4.2% during the forecast period, i.e., 2025-2037.

The major players in the market are Honeywell International Inc., Hughes Network Systems LLC, Thales Group, Thurava Telecommunications Company, Safran SA, Network Innovation Inc. and others.

By type, the electronic navigation chart (ENC) segment is estimated to register a revenue share of 38.8% by the end of 2037. The growth can be attributed to rising technological advancements, maritime traffic, and stringent safety regulations.

North America is poised to register the largest revenue share of 23.68% in the global marine navigation systems market by the end of 2037. The market growth is driven by advancements in technology, an increase in recreational boating, and a focus on maritime safety and security.

Marine Navigation Systems Market - Top Companies and Manufacturers

Companies Dominating the Marine Navigation Systems Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the marine navigation systems market?

What is the outlook for the marine navigation systems market?

Who are the major players dominating the marine navigation systems market?

Which type segment will capture the significant market share for the marine navigation systems sector by 2037?

Which region will provide more business opportunities for the growth of the marine navigation systems market in the future?