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Simultaneously, a large chunk of the population in several countries indulged in fishing creating a derived demand for the boating industry. For instance, according to the American Sportfishing Association, 42 million Americans ages 6 and over freshwater fished in 2022, representing 7 in 10 total fishing participants. Freshwater's national participation rate rose to 14.0%, up from 13.0% in 2021. Average outings per freshwater angler held steady at 15.0%, while total outings increased 2.0% to 634 million
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Marine Electronics Market Report Segment
By Component Type
- Hardware
- Software
By Application
- Merchant marine electronics
- Fishing vessel electronics
- Yacht/Recreation boat electronics
- Military naval electronics
- Autonomous shipping electronics
- Smart boat electronics
- Underwater drone electronics
Global Marine Electronics Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global marine electronics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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