(1) Market players are focusing on capacity expansion to attain an extra edge among their competitors DUBAI, UAE / ACCESSWIRE / February 18, 2021 / FMI states in its recent study on the marine radar market that the market will record a CAGR of over 2.4% through 2031. Its needs are anticipated to continue surging as the increasing demand for the fishing vessel is creating worthwhile growth in demand for marine radar. " Suppliers of marine radar adopt acquisition and regional expansion strategies to establish a foothold in new and fast-growing markets. Besides this, there is a significant focus on research and development. " says the FMI analyst. Marine radar market - Important Highlights