Global Marine GPS Chartplotters Market was valued at USD 0.30 Billion in 2022 and is projected to reach USD 0.55 Billion by 2030, growing at a CAGR of 7.50% from 2024 to 2030.
The Marine GPS Chartplotters Market is experiencing significant growth, driven by technological advancements and increasing demand for precise navigation tools in both recreational and commercial maritime sectors. Valued at approximately USD 2.1 billion in 2023, the market is projected to reach around USD 4.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.5%. This surge is attributed to the rising adoption of advanced navigational technologies and the growing popularity of recreational boating activities.
One of the primary factors propelling this market is the escalating demand for sophisticated navigational tools among mariners. Modern GPS chartplotters now offer high-resolution displays, real-time data integration, and enhanced accuracy, making them indispensable for safe and efficient marine navigation. The increasing affordability and accessibility of these advanced devices also contribute to their widespread adoption, further boosting market growth.
Additionally, the surge in recreational boating activities has played a pivotal role in driving the demand for marine GPS chartplotters. The growing interest in water sports, fishing, and leisure sailing has led to a rise in the number of recreational boat owners who require reliable and user-friendly navigational tools. This trend is particularly strong in regions with a high prevalence of coastal tourism, where boating and sailing are popular pastimes.
Another significant factor contributing to the growth of the marine GPS chartplotters market is the increasing emphasis on marine safety regulations. Governments and regulatory bodies across the globe are enforcing stricter safety standards for marine vessels, mandating the use of advanced navigational equipment to prevent accidents and ensure the safety of crew and passengers. This regulatory push has led to a higher adoption rate of GPS chartplotters in commercial and military marine sectors.
Regionally, the Asia Pacific region is expected to exhibit the highest growth rate in the marine GPS chartplotters market. This growth can be attributed to the region's expanding marine trade activities and increasing investments in maritime infrastructure. Additionally, the rising disposable income and growing interest in recreational boating among middle-class consumers in countries like China and India are expected to fuel the demand for marine GPS chartplotters in this region.
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Garmin
Navico
Fruno
Raymarine
Humminbird
Samyung ENC
Deeper
Lucky Sonar
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Marine GPS Chartplotters Market
Commercial Boat
Leisure Boat
Based on Types the Market is categorized into Below types that held the largest Marine GPS Chartplotters market share In 2023.
Cockpit Autopilots
Onboard Autopilots
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Marine GPS Chartplotters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Marine GPS Chartplotters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Marine GPS Chartplotters Market, By Type
6. Global Marine GPS Chartplotters Market, By Application
7. Global Marine GPS Chartplotters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Marine GPS Chartplotters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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