Global Marine Chartplotter Market to Reach USD 1,231.60 Million by 2032 | CAGR of 6.9%
Category : Aerospace and Defence | Published Date : Jan 2025 | Type : Press Release
Marine Chartplotter Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Marine Chartplotter Market size was valued at USD 724.38 million in 2024 and is projected to grow at a CAGR of 6.9%, reaching USD 1,231.60 million by 2032. Marine chartplotters are essential navigation devices combining GPS technology with electronic charts to provide real-time mapping and routing information for maritime operations. These devices cater to both commercial and recreational users, ensuring safe and efficient marine navigation. Chartplotters are designed with features such as radar integration, sonar capabilities, and weather tracking, enhancing operational efficiency and safety in challenging marine environments. Their applications span across navigation, fishing, commercial shipping, and leisure boating, offering precision and reliability in diverse maritime scenarios.
The report comprises the Marine Chartplotter Market Share, Size & Industry Analysis, based on Component (Hardware, Software), Application (Navigation, Fishing, Commercial Use, Leisure Boating), End-User (Commercial Vessels, Recreational Boats, Naval Vessels), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2025-2032.
The report contains detailed information on Marine Chartplotter Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increasing adoption of advanced navigation technologies in commercial shipping and recreational boating is driving market growth.
Segmental Analysis :
Based on component, the market is segmented into Hardware and Software.
- The hardware segment accounted for the largest revenue share in 2024, driven by the integration of advanced GPS modules, high-resolution displays, and durable designs for challenging marine environments.
- The software segment is expected to grow at the fastest rate, supported by AI-driven navigation solutions, real-time weather updates, and advanced route optimization features.
Based on application, the market is segmented into Navigation, Fishing, Commercial Use, and Leisure Boating.
- The navigation segment dominated the market in 2024 with a 42.2% share, attributed to the critical role of chartplotters in ensuring accurate positioning and route planning for maritime operations.
- The fishing segment is projected to register the fastest CAGR, driven by innovations in fish-finding sonar integration and features like depth tracking and water temperature monitoring.
Based on end-user, the market is segmented into Commercial Vessels, Recreational Boats, and Naval Vessels.
- The commercial vessels segment held the largest revenue share in 2024, driven by the adoption of chartplotters for compliance with maritime safety standards and efficient fleet management.
- The recreational boats segment is anticipated to grow at the fastest CAGR, supported by rising interest in leisure boating and advanced user-friendly chartplotter interfaces.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Accounted for the largest share in 2024, driven by expanding maritime trade and recreational boating in China, Japan, and South Korea.
- North America: Expected to grow significantly due to rising demand for advanced navigation systems in both recreational and commercial vessels.
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 1,231.60 Million |
| CAGR (2025-2032) | 6.9% |
| Component | Hardware, Software |
| Application | Navigation, Fishing, Commercial Use, Leisure Boating |
| End-User | Commercial Vessels, Recreational Boats, Naval Vessels |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Marine Chartplotter Industry:
- Garmin Ltd. (USA)
- Raymarine (a division of FLIR Systems) (USA)
- Navico Group (Simrad, Lowrance, B&G) (USA)
- Furuno Electric Co., Ltd. (Japan)
- Humminbird (a brand of Johnson Outdoors) (USA)
- Standard Horizon (a brand of Yaesu) (Japan)
- Icom Inc. (Japan)
- Si-Tex Marine Electronics (USA)
- Koden Electronics Co., Ltd. (Japan)
- JRC (Japan Radio Co., Ltd.) (Japan)
Recent Industry Developments :
- September 2024: Garmin launched the GPSMAP 9500 chartplotter featuring 4K compatibility and enhanced connectivity, integrating sonar, radar, and digital switching for advanced marine navigation.
- January 2023: Garmin introduced the ECHOMAP UHD2 series, incorporating high-definition sonar and wireless connectivity for seamless navigation.
