Marine Electronics and Marine Navigation Market - Forecast(2021 - 2026)

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Marine navigation marketMarine Electronics and
Marine Navigation Market - Forecast(2021 - 2026)
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• With marine navigation market as a profit
  inducing sub-sector, both arcade were evaluated
  worth 3,980m in 2018, and the market is
  estimated to grow at a CAGR of 8.10 during the
  forecast period 2019-2025.
• 90 of the world trade is carried out by the
  international shipping industry, according to the
  International Chamber of Shipping. Additionally,
  as per NASA, 40 of the global population reside
  within 60 miles of an oceanic coast. Water bodies
  are an essential constituent of globalization and
  plays predominant role in national trade and
  security of regions, such concerns boost the role
  of marine fleet as water bodies

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• Marine Electronics Market Growth Drivers
• Infusion of IoT in marine navigation - IoT
  mechanism includes connection of onboard systems
  to shore for data analytics to condense fuel
  consumption, improve navigational safety and
  advance regulation compliance. This trending
  front is delivering abundant economic efficacy to
  the shipping sector.
•  Nuclear powered vessels are being profusely adopt
  ed by navies globally. It has determined the
  transition of submarines from sluggish submerged
  vessels to warships.

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• Marine Electronics Market Growth Drivers
• Buttressed by socio-political friction amongst
  countries, global submarines market is estimated
  to exhibit a global CAGR of 3.24 during the
  forecast period 2019-2025 and has already reached
  market value of worth 27.2 billion in
  2018. Submarines being an integral part of marine
  fleet, is disrupting the marine electronics
  market growth.

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• Marine Electronics and Marine Navigation Market
  Company Analysis
• Al T. Marine Electronics, LLC
• Alcom Marine Electronics
• Anchor Marine Electric, Ltd.
• Aqua Marine Electronics, LLC
• Aquatronics Intl Inc
• Bay Marine Technology, LLC
• Bayou Marine Electronics, Inc. 

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Marine navigation- Forecast(2021 - 2026) Learn
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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