Global Yacht Navigation System Market 2020-2025

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    GLOBAL YACHT NAVIGATION SYSTEM MARKET

    On a recreational boat or a yacht, it is extremely important to know what lies ahead and beneath.

     

    infographic: Yacht Navigation System Market, Yacht Navigation System Market Size, Yacht Navigation System Market trends and forecast, Yacht Navigation System Market Risks, Yacht Navigation System Market report

    Radar is a collision avoidance tool and can pick up vessels which are not fitted with automated identification system (AIS). Radar can also help in setting up guard zones to automatically alert the crew if an object/vessel enters a zone set up around the yacht. Radar can also be very useful for locating rain and the associated wind shift.

     

    GLOBAL YACHT NAVIGATION SYSTEM MARKET DYNAMICS

    In recent years, the term ‘broadband radar’ or ‘3G/ 4G radar’ has gained prominence. The broadband radars have completely do away with phone signals and can even automatically tune themselves.

    Modern broadband radars have a range of upto 35 miles which is good enough for most applications. They have a power requirement of less than 5A and use a continuous radar signal with a changing tone or frequency at a much lower power.

    The radar antenna constantly looks for a change in signal and a difference between frequency in the transmitted and returned waves determines target distance.

    Active sonar, commonly used on yachts, emits an acoustic signal into the water. If acoustic signal bounces off an object and returns an ‘echo’ to the sonar transducer, the distance is calculated. 

    In Sonars, a lot of effort has been put to improve it over many years and the latest products can be a powerful tool for all type of yachts. Now, Sonars offer sufficient clarity, due to CHIRP transducers that can distinguish between multiple targets through scanning using a varying frequency signal.

     

    INCLUSION OF NEW TECHNOLOGIES IN YACHT NAVIGATION MARKET

    Yacht industry has always been among the early adopters of new technologies and it is no different in case of navigation.

    AIS( Automatic Identification system) has gained rapidly in recent years and Satellite imagery is further gaining ground.

    Using satellite imagery can further improve navigation With Google Earth, zooming in on an area  can help identify shallows and deeper areas.

    Many cruisers use Open Source CPN, a chartplotting software on a laptop. 

     

    The W3Pi wireless Wassp is used to map the seafloor, collecting exact depth and data about the area, making it excellent for locating the finest diving, fishing, or anchoring place.

     

    Wassp is a multi-beam sonar technique that is used all over the world. Wassp has been adopted by the commercial fishing, recreational fishing, mega yacht, hydrographic, professional workboat, naval, and coastguard sectors and is now available in over 30 nations.

     

    The W3Pi is a mothership and tender integrated package. The device is centred on a mobile unit with a high-frequency wideband fairing transducer, motion sensors, satellite compass, Wi-Fi transmitter, and wireless mothership kit. Users may swiftly and simply deploy the unit into the water with its bracket-mounted pole, mapping up to 400m depth.

     

    Captains can employ a support vessel or tender to remotely acquire correct bathymetric information with the Wassp W-Series, although some navigation charts can be erroneous. This allows for speedier and safer navigating and anchoring in areas that aren’t well-charted.

     

    The live mapping data from the remote vessel is transmitted in real-time via a dedicated wireless connection to a mapping computer on the mothership, allowing the bridge crew to immediately view a high-detail, real-time live 2D and 3D map of the underwater seafloor of the area being surveyed at the time.

     

    Large vessels (yachts, cruise ships, exploration vessels, and the Navy) that are venturing off the beaten path, exploring new places, and navigating into shallow uncharted seas can benefit from the W3 Wireless Wassp.

     

    The W3 can assist vessels such as superyachts and cruise ships exploring distant regions, dive spots, or wrecks in avoiding impediments and inadvertent damage while planning for the perfect dive, fish, or mooring.

     

    Users can explore the bottom even faster and discover the perfect anchorage with several tenders.

     

    It is possible to quickly perform a high-resolution bathymetric scan of the seafloor using the wireless Wassp W3 system installed on a remote vessel such as a tender, chase boat, or shadow vessel, collecting precise depth and position information of the area where the mothership wishes to safely enter, such as bays, lagoons, fjords, artic areas, archipelagos, and so on.

     

     

    GLOBAL YACHT NAVIGATION SYSTEM MARKET SEGMENTATION

    By Product

    • Sonar
    • Chart plotter
    • Radar

    By Yacht length

    • Under 35 ft
    • 36-60ft
    • More than 60 ft

    By Region

    • US
    • Europe
    • Asia
    • Rest of the world

     

     

    GLOBAL YACHT NAVIGATION SYSTEM MARKET SIZE AND FORECAST

    The global yacht navigation system market is estimated at $XX Billion in 2020, growing at –% CAGR till 2025

     

    COVID IMPACT ON YACHT NAVIGATION SYSTEM MARKET

    For GARMIN, in Q2-2020, Revenue from Marine segment increased 4% YOY as people spent more time on boating and fishing during the pandemic. The retail sales were strong, led by chartplotters and Panoptix sonars.

    As many boat builders were idle during the quarter, it anticipates an extended marine season this year as boat boat builders work through production backlogs to fulfil orders.

     

    COMPETITIVE LANDSCAPE

    GARMIN and Raymarine are market leaders followed by Simrad and Humming Bird. GARMIN is the preferred choice of many yacht builders worldwide can be found on boats ranging from 23ft to 100+ft.

    Raymarine`s parent company FLIR systems has been building military and aviation technology for many years now and they have leveraged the knowledge of augmented reality in consumer marine electronics.

    In  Raymarine’s yacht systems ,chart and traffic information appears in a 3-D format making it extremely intuitive.

    GARMIN `s  latest Nautix kit provides key sailing data on sunglasses frame. The product is similar to those worn by fighter pilots.

    In July 2020, Simrad announced it has been selected as the exclusive marine electronics supplier for Chaparral/Robalo boats. For MY 2021, Simrad will be the only marine electronics option on all 27 Chaparral models and all 22 Robalo models.

     

    COMPANY PROFILES

    1. GARMIN Inc
    2. FLIR Systems
    3. Simrad Yachting
    4. Humming Bird(Johnson outdoors)
    5. Furuno
    6. Navico

     

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Market Size and Forecast (2020-2025), Units and $M
    2. Market split by region, end use segment and Navigation type
    3. Market share of leading vendors, 2020
    4. COVID impact on Yacht Navigation market and suppliers` earnings
    5. Yacht navigation technology trends

     

    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, 2020-2025
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
    19 Market Segmentation, Dynamics and Forecast by Application, 2020-2025
    20 Market Segmentation, Dynamics and Forecast by End use, 2020-2025
    21 Product installation rate by OEM, 2020
    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, 2020
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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