North America Marine Electronics Market Size & Outlook
The marine electronics market in North America is expected to reach a projected revenue of US$ 3,296.8 million by 2030. A compound annual growth rate of 5.4% is expected of North America marine electronics market from 2025 to 2030.
Revenue, 2024 (US$M)
$2,430.6
Forecast, 2030 (US$M)
$3,296.8
CAGR, 2025 - 2030
5.4%
Report Coverage
North America
Global Market
Related Markets
North America marine electronics market highlights
- The North America marine electronics market generated a revenue of USD 2,430.6 million in 2024.
- The market is expected to grow at a CAGR of 5.4% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 2,430.6 million |
| Market revenue in 2030 | USD 3,296.8 million |
| Growth rate | 5.4% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services, Hardware |
| Key market players worldwide | Garmin Ltd, Furuno Electric Co Ltd, Kongsberg Gruppen ASA, Brunswick Corp, Wartsila Corp, Northrop Grumman Corp, Thales Group, L3Harris Technologies Inc, Nisshinbo Holdings Inc ADR, Thyssenkrupp AG |
Other key industry trends
- In terms of revenue, North America region accounted for 36.5% of the global marine electronics market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,288.1 million by 2030.
No credit card required*
Publish Date: Aug 25, 2025
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Marine Electronics Market Scope
Marine Electronics Market segmentation & scope
Marine Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Wartsila Corp | View profile | 17,909 | Hiililaiturinkuja 2, Helsinki, Finland, FI-00180 | www.wartsila.com |
| L3Harris Technologies Inc | View profile | 50,000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | www.l3harris.com |
| Thyssenkrupp AG | View profile | 100,202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | www.thyssenkrupp.com |
| Northrop Grumman Corp | View profile | 101,000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | www.northropgrumman.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | www.thalesgroup.com |
| Brunswick Corp | View profile | 17,300 | 26125 N. Riverwoods Boulevard, Suite 500, Mettawa, IL, United States, 60045-3420 | www.brunswick.com |
| Kongsberg Gruppen ASA | View profile | 13,602 | Kirkegardsveien 45, Kongsberg, Norway, N-3616 | www.kongsberg.com |
| Furuno Electric Co Ltd | View profile | 3,356 | 9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, Japan | www.furuno.co.jp |
| Nisshinbo Holdings Inc ADR | View profile | 22,225 | 2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, Japan, 103-8650 | www.nisshinbo.co.jp |
North America Marine Electronics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Marine Electronics Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.4% in 2024.
Horizon Databook has segmented the North America marine electronics market based on software, services, hardware covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Marine Electronics Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- North America Marine Electronics Market Vessel Type Outlook (Revenue, USD Million , 2018-2030)
- Merchant Vessels
- Fishing Vessels
- Recreational Boats
- Other Vessel Type
- North America Marine Electronics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Navigation System
- Communication System
- Entertainment System
- Other Application
Reasons to subscribe to Marine Electronics Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Marine Electronics Market Outlook databook
- Our clientele includes a mix of Marine Electronics Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Marine Electronics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Marine Electronics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Marine Electronics Market, 2018-2030 (US$M)
