Marine Chartplotter Market Research Report: Information by Component (Hardware and Software), Application (Navigation, Fish Finders and others), End Use (Yachts and Boats), by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

Marine Chartplotter MarketScenario

Marine Chartplotter Market Size Valued at USD 1145 Million, market Grow at a CAGR Of 7% by 2020 -2030

A chartplotter is a device that that uses global positioning system (GPS) to show a location on a map. This device is pre-installed with maps. Chartplotters are largely used in boats to assess the location of a vessel with and the surrounding environment of the boat to warn the operator of any underwater debris. The device shows real-time data such as the speed and direction of a vessel and calculates the voyage time.

Boat owners can preload navigation routes on the chartplotters and edit them anytime during the voyage. Chartplotters can store several routes for future use. Each route has multiple waypoints to avoid hazards such as reefs and shallow rocks. These obstacles are visually represented on maps using latitude and longitude references. The device warns the user if the boat strays off course.

The global marine chartplotter market is anticipated to witness significant growth during the forecast period owing to the increase in global sea trade and stringent regulations regarding maritime security.  Furthermore, growing adoption of sonar systems for search and rescue operations and rising use of anti-submarine warfare systems are expected to fuel the demand for marine chartplotters across the globe.

Segmentation of the Global Marine Chartplotter Market  

On the basis of component, the global marine chartplotters market has been segmented into hardware and software. The software segment is expected to register the higher CAGR during the forecast period. Continuous improvements in chartplotter functions through software updates are expected to drive the growth of the segmental during the forecast period. Furthermore, regular software updates enable chartplotter manufacturers to add new navigation features and maps that can be downloaded by the user using the Internet.

Based on application, the market has been divided into navigation, fish finders, and others. The fish finders segment is expected to register the highest CAGR during the forecast period. The fish finder is a function in the chartplotters that uses the sonar technology to locate fish underwater. The fish finder function is gaining popularity in chartplotters, which, in turn, is driving the growth of the segment.

In terms of end user, the global marine chartplotter market has been classified as yachts and boats. The yachts segment is expected to register the higher CAGR during the forecast period due to increasing demand for the upgrade of yachts. Furthermore, multiple functionalities offered by chartplotters are expected to increase their use in yachts for navigation and security purposes.

Based on region, the global marine chartplotter market has been categorized as  North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North American market is projected to register the highest CAGR owing to the growing demand for personal yachts in the region. Furthermore, increase in per capita disposible income in countries such as  the US enables the purchasing of yachts, which, in turn, is expected to boost the regional market growth during the forecast period. High investments in military and defense are expected to fuel the demand for marine chartplotters in the region.

Key Players

The key players in the global marine chartplotter market include Simrad (Norway), Garmin Ltd (US), FLIR Systems (Raymarine) (US), B&G (US), Lowrance (US), Furuno Electric Co., Ltd (Japan), Humminbird (US), Navionics srl (Italy), ONWA Marine Electronics Co. Ltd (Hong Kong), and Japan Marina Co., Ltd (Japan).

Research Methodology

The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.

Secondary Research

In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.

Primary Research

In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.

Key Insights

• Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments


• Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region


• Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis


• Technology Trends, Regulatory Landscape, and Patent Analysis Outlook


• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions


• Regional attractiveness and related growth opportunities

Intended Audience

• Chartplotter manufacturers


• Law enforcement agencies


• Naval authorities


• Government authorities


• Defense companies


• Research institutes


• Regulatory bodies