Global Yacht Electronics Market 2021-2026

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    GLOBAL YACHT ELECTRONICS MARKET

     

    INTRODUCTION

    The yacht business is growing increasingly reliant on two fundamental elements: design or comfort, and electronic systems that enable a greater number of individuals towards becoming Seamans or boat masters.

     

    The complete systems of maritime electronics and communication engineering enable less experienced boaters to operate in a pretty safe manner.

     

    The minimum needed navigation, safety, and communication tools are already established from national rules, however for inexperienced Seamen, these are frequently insufficient.

     

    The NMEA protocol enables electrical interaction across all electronic equipment on a boat. All data, instructions, and equipment status are now compatible.

     

    Hydrographic activity has made a significant impact on the economic development of countries and coastal towns in a variety of fields. Specifically in port activities, transport, and vacation.

     

     

    infographic: Yacht Electronics Market, Yacht Electronics Market Size, Yacht Electronics Market Trends, Yacht Electronics Market Forecast, Yacht Electronics Market Risks, Yacht Electronics Market Report, Yacht Electronics Market Share

     

    The purpose of a yacht’s electrical network is to securely deliver electrical power to all devices connected. The main switchboard is the most visible component of the system.

     

    Yacht electronics have simplified activities like navigating, which used to take years of practise to perfect, to as simple as clicking a few buttons or tapping on a touch interface.

     

    When it comes to running huge yacht vessels, there are still some very difficult jobs and equipment to address.

     

     

    GLOBAL YACHT ELECTRONICS MARKET DYNAMICS

    A yacht is a recreational vessel that is used for both enjoyment and sport. The word derives from the Dutch term jaght, which translated as ‘hunter,’ referring to a quick, light sailing vessel employed by the nation’s navy in the past to pursue pirates and other ne’er-do-wells. “Super yachting” is now officially recognised as being one of the country’s most costly pastimes.

     

    The development and effective use of the aforementioned standard benefits not only producers and dealers, but also users.

     

    A ship is similar to a flying metropolis, with practically all of the benefits accessible to any operating setup on land. The yacht, like any other metropolis, requires basic facilities to maintain life on board, the most important of which is power or electricity.

     

    An alternator or generator aboard a yacht generates electricity. To have these created, maintained, and controlled, numerous electronics are required at various places, giving the boat an advantage in terms of control needs.

     

    Given their enhanced safety choices, the worldwide market has experienced a dynamic change in the usage of electrical components within yacht design.

     

    GPS, Radar, VHF, and AIS from companies like Garmin, Raymarine, Icom, Standard Horizon, and Lowrance have been key contributors to electronics production and integration at different demands and expectations.

     

     

    GLOBAL YACHT ELECTRONICS MARKET SEGMENTATION

    The Global Yacht Electronics Market can be segmented into following categories for further analysis.

    By Boat / Ship Infrastructure Volume Type

    • 75 to 120 Feet
    • 121 to 250 Feet
    • Above 250 Feet

     

    By Component Type

    • Hardware Component Based
    • Software Component Based

     

    By Product Technology Type

    • RADAR
    • SONAR
    • GPS
    • Other Display based sensors

     

    By Application Type

    • Navigation
    • Communication
    • Automation
    • Security
    • Entertainment

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL YACHT ELECTRONICS MARKET

    The subject of maritime electronics is evolving at a dizzying pace, with new breakthroughs coming every few months. With an ever-increasing requirement for tracking and optimal connectivity, these gadgets offer themselves as marine saviours.

     

    Automatic Identification System (AIS) is the term given to a worldwide marine communication network that was built in the late 1990s. AIS has become one of the most widely used and important navigational safety technologies since the invention of radar.

     

    Navigation/mapping programmes and software for Android and Apple products are becoming increasingly popular and numerous, and most of them now support NMEA data, enabling the tablet, smartphone, or laptop to become a comprehensive and trustworthy navigation system.

     

    The ability to utilise a laptop, tablet, or smartphone for navigating and mapping is referred to as portable navigation. Portable navigation is becoming increasingly widespread as technology advances.

     

    There are various advantages to utilising an iPad or tablet as a navigation system. Obviously, the most significant part for portable navigation is the financial side, where a simple system allows you to acquire all satellite signals on your mobile devices.

     

    Because the majority of people already own a tablet or smartphone, the user simply has to acquire the product required to send data to these devices.

     

    The technology was first designed as a collision avoidance tool to let commercial vessels see each other more clearly in all situations and to increase the helmsman’s knowledge about his surroundings.

     

    The AIS network is a MESH network that employs actual data technology. The International Maritime Organization (IMO) created the standard to reduce the danger of accidents in the ocean when boats are out of range of any land-based system and cannot rely on a centralised network.

     

    An AIS transmitter is required on any vessels weighing more than 300 tonnes and carrying 12 or more people.

     

     

    YACHT ELECTRONICS MARKET COMPETITIVE LANDSCAPE

    With the cruise sector in shambles and a bigger demand for distant travel than ever before, chartering a boat with luxury facilities and needs has been a key emphasis in recent days.

     

    This has resulted in a variety of concepts for long-term chartering and greater technical installation within the boat for better monitoring services for stakeholders as well as those participating in the chartering process.

     

    Ray marine devices has been a component of the largest yacht electronics production on a global scale. It has combined electrical and navigation systems into a variety of boats.

     

    Ray marine has been the technology supplier on numerous yacht production needs, including the powerful Axiom multifunction display, award-winning Evolution autopilots, tiny yet powerful Ray marine i40 instrument display series, and high-end, wide screen i70s instrument displays.

     

    Ray maritime instruments are well-known for their precision, unique features, and great performance. Ray maritime instruments are available to meet the needs of any boater, from the space-saving i40 series to the multifunction i70s series.

     

    The second ClearCruise AR solution enhances on-water awareness on Ray marine’s Axiom multifunction displays by superimposing chart items, waypoints, and AIS targets onto a live dynamic video view.

     

    Furuno Marine Systems has become a major contributor to the Yacht Equipment manufacturing area, which would be engaged in the creation of Omni Sonars in the global market.

     

    Furuno provides a number different types of Omni Sonar, but the CSH8LMK2, or 8L, is perhaps the most important sports fisher. The 85 kHz device transmits a mid-frequency, 360-degree signal around five times each second.

     

    This allows the captain, or in many cases, a member of the crew whose duty it is to keep an eye on the sonar all day, to observe what’s going on around the boat in live time.

     

    YACHT ELECTRONICS MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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