Global Yacht Electronics Market 2021-2026

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    GLOBAL YACHT ELECTRONICS MARKET

     

    INTRODUCTION

    Yacht industry is becoming more and more dependent on two basic things; design or comfort and electronic installations which allow a larger number of people to become Seamans or yacht masters. The full systems of marine electronics and communications allow less skilled skippers to navigate in a relatively safe way. What are the minimum required navigation, safety and communication instruments is already known from national regulations, but usually for unskilled Seamans those are not enough

     

    NMEA   protocol   allows   electronic   communication between  all   yacht`s   electronic   instruments.  Data,   commands and  status   of   all  equipment   is   now  compatible. Hydrographic  activity  has   a   great   contribution   to   the economic evolution of countries  and   coastal cities in different branches.   Particularly   in   port   activity,   transportation   and  tourism.

     

    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 function of a yacht’s electrical distribution system is to safely convey electrical power to every item of equipment connected to it. The most obvious element in the system is the main switchboard. The main board supplies bulk power to motor starter groups (often part of the main board), section boards and distribution boards.

     

    The Yacht electronics have taken tasks like navigation, which once required years of learning to master, and made them as simple as pressing a few buttons or swiping on a touch screen. There are still some rather complex tasks and gear involved when one considers operating some large yacht vessels.

     

    GLOBAL YACHT ELECTRONICS MARKET DYNAMICS

    A yacht is a craft used for pleasure and sport. The name comes from the Dutch word jaght, which translates as ‘hunter’, a fast, light sailing vessel used in the past by the nation’s navy to chase pirates and other ne’er-do -wells. Super yachting” is officially one of the world’s most extravagant hobbies.

     

    Development   and   practical   use   of the mentioned standard  is  good not only  for manufacturers  and sellers,  but also for  users.  From  the  user’s point  of  view the advantage   is  in the ability  to  connect  all   instruments of the yacht electronics components and systems within a single  network in contrast   to the previous standard  which allows only the connection of instruments of the same manufacturer.

     

    A ship is equivalent to a floating city that enjoys almost all privileges available to any operational set-up on land. Just like any conventional city, the yacht also requires the basic amenities to sustain life on board, the chief among them being power or electricity. Electricity on yachts is generated by an alternator or generator. To have these generated, maintained and monitored various electronics are essential at various points which gives the edge on the yacht’s control requirements.

     

    The global market has seen a dynamic change in the adoption of the electronic components within yacht construction considering their increased safety preferences. GPS, Radar, VHF and AIS from manufacturers such as Garmin, Ray marine, Icom, Standard Horizon & Lowrance have been one of the major contributors towards electronics manufacturing and integration at various levels of requirements.

     

    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 MARKET TECHNOLOGICAL TRENDS IN GLOBAL YACHT ELECTRONICS MARKET

    The world of marine electronics evolves at a mind-boggling pace, with remarkable advancements emerging every month or two. With the daily increasing requirements of tracking and better-established communication possibilities, these electronics place themselves as the saviours in the ocean.

     

    Navigation/mapping applications and software are more and more popular and numerous for Android or Apple products and now most of them support NMEA data allowing your tablet, smartphone, laptop to become a complete and trusted navigation system. Portable Navigation as being able to use a laptop, tablet, smartphone for navigation and mapping. With the rise of technology, portable navigation is becoming more and more common.

     

    There are numerous benefits of using an iPad or tablet for navigation. Obviously, the financial aspect is the most important for portable navigation, where a simple system allows you to get all navigation data on your mobile devices. With most people already owning a tablet or smartphone, the user only needs to purchase the product needed to transmit the data to these devices.

     

    Automatic Identification System (AIS) is the name given to an international maritime communications protocol developed back in the late 90s. AIS is now one of the most widely used and significant navigation safety technologies since the introduction of radar.

     

    The system was originally developed as a collision avoidance tool to enable commercial vessels to ‘see’ each other more clearly in all conditions and improve the helmsman’s information about his surrounding environment. AIS is a MESH network using real-time data communications technology.

     

    The IMO developed the standard to minimize the risk of collisions in the ocean when vessels may be out of range of any land-based system so it can’t rely on a central network. An AIS transponder is a mandatory fit on all vessels greater than 300 tonnes or carrying 12 or more passengers.

     

    COMPETITIVE LANDSCAPE

    With the cruising industry in tatters and the desire for remote travel greater than ever, chartering a yacht with luxury amenities and requirements has been a major focus in recent days. This has generated various ideas of long week chartering and better technological implementation within the yacht for better monitoring services for the stakeholder as well as the person involved in the chartering process.

     

    Ray marine electronics has been part of the largest yacht electronics on a global scale of production. It has integrated the technologies of electronic and navigation requirements within various yachts. From the powerful Axiom multifunction display, award winning Evolution autopilots, compact but powerful Ray marine i40 instrument displays series through to the high-end, large screen i70s instrument displays, Ray marine has been the technology provider on various yacht manufacturing requirements.

     

    Ray marine instruments are world renowned for accuracy, innovative features and high-performance. From the space saving i40 series to the multifunction i70s series, there are Ray marine instruments available to fit every boater’s requirements. The other product of ClearCruise™ AR brings enhanced on water perception to Ray marine’s family of Axiom® multifunction displays, overlaying chart objects, waypoints and AIS targets onto a live dynamic video image.

     

    The Furuno Marine Systems has been a major contributor to Yachts Electronics manufacturing segment which is involved in manufacturing of the Omni Sonars in the Global market. Omni Sonar has been around for more than 40 years, the Furuno offers a few different models of Omni Sonar, but the CSH8LMK2, or “8L,” is the most popular sport fishers. The 85 kHz unit blasts out a mid-frequency, 360-degree ­transmission about five times every second. This lets the captain, or in many cases a crewmember whose job it is to watch the sonar all day, see what’s going on around the boat in real time.

     

    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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