U.S.: Marine Gps Navigator Market 2025

Marine Gps Navigator Market Size in the U.S.

In 2022, the U.S. marine GPS navigator market decreased by -2% to $X, falling for the second year in a row after seven years of growth. In general, consumption, however, continues to indicate a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Marine Gps Navigator Production in the U.S.

In value terms, marine GPS navigator production expanded remarkably to $X in 2022. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 205%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Marine Gps Navigator Exports

Exports from the U.S.

Marine GPS navigator exports from the United States declined notably to X units in 2022, with a decrease of -18.8% compared with 2021 figures. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, marine GPS navigator exports dropped to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2014 indices. The growth pace was the most rapid in 2017 with an increase of 13%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Canada (X units), Australia (X units) and Taiwan (Chinese) (X units) were the main destinations of marine GPS navigator exports from the United States, together comprising 52% of total exports. Mexico, the Netherlands, China, the UK, India, France, Japan, Norway and South Korea lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Australia ($X) and South Korea ($X) were the largest markets for marine GPS navigator exported from the United States worldwide, together comprising 40% of total exports. France, Taiwan (Chinese), Mexico, the UK, Norway, the Netherlands, China, Japan and India lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, India, with a CAGR of +30.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average marine GPS navigator export price amounted to $X per unit, growing by 16% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 23% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Marine Gps Navigator Imports

Imports into the U.S.

In 2022, the amount of marine or river navigation instruments and appliances imported into the United States contracted rapidly to X units, reducing by -22.5% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 52%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, marine GPS navigator imports rose modestly to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Taiwan (Chinese) (X units), Mexico (X units) and Japan (X units) were the main suppliers of marine GPS navigator imports to the United States, with a combined 87% share of total imports. China, Canada and Malaysia lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +90.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Mexico ($X) and Japan ($X) constituted the largest marine GPS navigator suppliers to the United States, with a combined 79% share of total imports. China, Malaysia and Canada lagged somewhat behind, together accounting for a further 5%.

Among the main suppliers, Malaysia, with a CAGR of +100.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marine GPS navigator import price stood at $X per unit in 2022, picking up by 32% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marine GPS navigator import price increased by +72.3% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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