South Korea Marine Electronics Market Size & Outlook
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South Korea marine electronics market highlights
- The South Korea marine electronics market generated a revenue of USD 228.3 million in 2024 and is expected to reach USD 378.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9% 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.
Marine electronics market data book summary
| Market revenue in 2024 | USD 228.3 million |
| Market revenue in 2030 | USD 378.1 million |
| Growth rate | 9% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, South Korea accounted for 3.4% of the global marine electronics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China marine electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 595.5 million by 2030.
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Marine Electronics Market Scope
Marine Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nisshinbo Holdings Inc ADR | View profile | 22225 | 2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, Japan, 103-8650 | http://www.nisshinbo.co.jp |
| Furuno Electric Co Ltd | View profile | 3356 | 9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, Japan | http://www.furuno.co.jp |
| Kongsberg Gruppen ASA | View profile | 13602 | Kirkegardsveien 45, Kongsberg, Norway, N-3616 | https://www.kongsberg.com |
| Brunswick Corp | View profile | 17300 | 26125 N. Riverwoods Boulevard, Suite 500, Mettawa, IL, United States, 60045-3420 | https://www.brunswick.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
| Wartsila Corp | View profile | 17909 | Hiililaiturinkuja 2, Helsinki, Finland, FI-00180 | https://www.wartsila.com |
| Garmin Ltd | View profile | 19900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | https://www.garmin.com |
South Korea 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 will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 68.42% in 2024. Horizon Databook has segmented the South Korea marine electronics market based on software, services, hardware covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea marine electronics market databook
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Our clientele includes a mix of marine electronics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the South Korea marine electronics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea marine electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea marine electronics market size, by component, 2018-2030 (US$M)
South Korea Marine Electronics Market Outlook Share, 2024 & 2030 (US$M)
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