| Product Code: ETC5129053 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guyana`s marine radar import shipments in 2024 continued to be dominated by top exporting countries such as the USA, Norway, UK, China, and Canada. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -25.54% from 2020 to 2024. The growth rate plummeted even further in 2024 with a staggering -45.58% drop compared to the previous year, reflecting challenging market conditions and potential shifts in demand dynamics.

Guyana's Marine Radar market is anticipated to experience a exponential growth rate of 55.17% by 2027, reflecting trends observed in the largest economy Brazil, followed by Mexico, Argentina, Colombia and Chile.

The marine radar market in Guyana supports navigation and safety at sea. Advancements in radar technologies and increasing maritime activities drive the demand for these systems in fishing and commercial vessels.
The Guyana marine radar market is being driven by the growing need for enhanced navigation, safety, and collision avoidance in the countrys maritime sector. As shipping traffic and recreational boating activities increase, the demand for advanced radar systems that can provide accurate real-time data on weather conditions, obstacles, and other vessels is rising. Marine radar technology plays a crucial role in ensuring the safety of vessels navigating through congested or challenging waters. Additionally, as the maritime industry in Guyana modernizes and incorporates smart technologies, the adoption of marine radar systems is becoming more widespread, further boosting the markets growth.
The marine radar market in Guyana faces hurdles such as high costs of advanced radar systems and limited demand from the small-scale fishing and maritime sectors. A lack of awareness of radar benefits also affects adoption.
To enhance the safety and operational efficiency of the maritime industry, the Guyanese government is encouraging the use of marine radar technologies. Policies include providing financial incentives for companies that invest in radar systems and grants for research into the development of advanced radar technologies. The government is also focused on ensuring that marine radar systems comply with international safety standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guyana Marine Radar Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Marine Radar Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Marine Radar Market - Industry Life Cycle |
3.4 Guyana Marine Radar Market - Porter's Five Forces |
3.5 Guyana Marine Radar Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guyana Marine Radar Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Guyana Marine Radar Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Guyana Marine Radar Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Guyana Marine Radar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing maritime trade activities in Guyana |
4.2.2 Growing emphasis on maritime safety regulations and security measures |
4.2.3 Technological advancements in marine radar systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with marine radar systems |
4.3.2 Limited awareness and adoption of advanced radar technologies in Guyana |
4.3.3 Dependence on external suppliers for radar equipment |
5 Guyana Marine Radar Market Trends |
6 Guyana Marine Radar Market Segmentations |
6.1 Guyana Marine Radar Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Marine Radar Market Revenues & Volume, By X-Band, 2021-2031F |
6.1.3 Guyana Marine Radar Market Revenues & Volume, By S-Band, 2021-2031F |
6.2 Guyana Marine Radar Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Guyana Marine Radar Market Revenues & Volume, By Transmitter, 2021-2031F |
6.2.3 Guyana Marine Radar Market Revenues & Volume, By Receiver, 2021-2031F |
6.2.4 Guyana Marine Radar Market Revenues & Volume, By Antennae, 2021-2031F |
6.2.5 Guyana Marine Radar Market Revenues & Volume, By Others, 2021-2031F |
6.3 Guyana Marine Radar Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guyana Marine Radar Market Revenues & Volume, By Fishing Vessel, 2021-2031F |
6.3.3 Guyana Marine Radar Market Revenues & Volume, By Recreational Boat, 2021-2031F |
6.3.4 Guyana Marine Radar Market Revenues & Volume, By Merchant Marine, 2021-2031F |
6.3.5 Guyana Marine Radar Market Revenues & Volume, By Others, 2021-2031F |
6.4 Guyana Marine Radar Market, By Industry |
6.4.1 Overview and Analysis |
6.4.2 Guyana Marine Radar Market Revenues & Volume, By Naval, 2021-2031F |
7 Guyana Marine Radar Market Import-Export Trade Statistics |
7.1 Guyana Marine Radar Market Export to Major Countries |
7.2 Guyana Marine Radar Market Imports from Major Countries |
8 Guyana Marine Radar Market Key Performance Indicators |
8.1 Number of maritime incidents reported in Guyana |
8.2 Percentage increase in government spending on maritime safety measures |
8.3 Adoption rate of AIS (Automatic Identification System) integrated radar systems in Guyana |
8.4 Average age of radar systems in use in Guyana |
8.5 Number of training programs conducted for maritime personnel on radar operation and maintenance. |
9 Guyana Marine Radar Market - Opportunity Assessment |
9.1 Guyana Marine Radar Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guyana Marine Radar Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Guyana Marine Radar Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Guyana Marine Radar Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Guyana Marine Radar Market - Competitive Landscape |
10.1 Guyana Marine Radar Market Revenue Share, By Companies, 2024 |
10.2 Guyana Marine Radar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |