Insights on the Boat Monitoring Global Market to 2027 – Increasing Opportunities in the Electric Boat Industry – Yahoo Finance

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DUBLIN , July 15, 2022 /PRNewswire/ — The “Boat Monitoring Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets. com’s offering.

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Boat monitoring systems track and monitor a boat’s speed, position, and direction of travel. The monitoring system is segregated into position and tracking, control system, security system, and others. The demand plus adoption of boating activities are high in the US due to numerous reasons such as increased urbanization and a rise in living standards, an increase in socializing sports, building family memories and experiences, and unplugging from work.

The importance and widening acceptance of boat monitoring systems have increased market growth within the years to come. Manufacturers are trying to spur the particular demand for boat monitoring devices by adding the latest technology, such as involvement IoT solutions, to simplify and enhance the boating experience.

Adding joysticks to control the particular boat is also the move toward offering a game-like experience. Sending alerts, security and theft prevention, remote boat control, maintenance, reduced insurance costs and fleet managers are the significant advantages that drive the market growth.

Technological Advancements

In 2021, the boat monitoring market witnessed a surge in the launch of technologically advanced boat monitoring systems. Technology is increasingly being used as a tool to monitor plus control boats.

It has become a lot simpler to keep track and monitor boats with advancements in technology.

Some of the particular boat monitoring technologies used in the industry are as follows:

Automatic Positioning Systems: This program acts as a virtual anchor for the vessel. This boat technology uses GPS satellites to maintain the current position of a boat. This system helps boaters explore the surrounding areas without worrying much about leaving their boat unattended.

Boats with Inbuilt Tracking Devices: This technology uses GPS to track a boat. This is beneficial in emergency cases, where emergency services can reach the desired spot in less time as the exact location is known through GPS.

Beacons: These devices can send messages to smartphones within their connectivity range. Boats along with beacons send detailed information about the boat to the user’s smartphone. For instance, BoatGod from Boatpilot receives data from the vessel’s onboard devices and allows users to control the vital functions of the boat, literally turning the boat into a smart home.

Self-sailing boats are usually seen as the future of sailing where boaters can enjoy their time with family while the motorboat drives itself on the pre-defined route. For instance, MIT and the Amsterdam Institute for Advanced Metropolitan Solutions have demonstrated Robot’s self-sailing boat.

Market Dynamics

Trends: Growth in Marine Tourism Business

Marine and ocean tourism are among the fastest-growing areas of the global tourism industry. The growing marine tourism industry has been supporting the growth from the boat checking market in recent years. In the particular US, states such as California , Florida , and New York are usually the country’s major tourist attractions. These states attract millions of both national and international tourists every year.

Drivers: Growing Boat Marketplace

The particular demand for boating plus consumer interest is increasing as people seek sailing as an outdoor activity, particularly as other leisure activities, travel, and sports activities continue to be impacted by COVID-19. According in order to National Marine Manufacturers Association (NMMA), the retail unit sales of new powerboats surpassed 300, 000 units in 2021 for the second consecutive year and a 7% increase in the five-year average sales.

Restraints: Lack of Awareness

The penetration of boat monitoring systems is significantly lower within emerging and underdeveloped nations such as Brazil , India , Turkey , as well as others. Boat monitoring systems are mainly concentrated in developed economies such as Australia , Canada , Japan , the US, and countries in Western Europe . Countries in the Latin American region with poor economic growth have lower demand for boat supervising systems.

Key Questions Answered

1. How Big is the Global Boat Monitoring Market?
2 . What is the particular Growth Rate of the Worldwide Boat Monitoring Market?
3. What Are the Growth Factors in the particular Global Boat Monitoring Market?
4. Who Are the Leading Players within the Global Boat Monitoring Marketplace?
5. Which Region is Expected to Hold the Largest Share in the Global Boat Checking Market by 2028?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4. 1 Market Definition
4. 2 Base Year
4. a few Scope of the Study
4. 4 Market Segmentation

5 Report Assumptions & Caveats
5. 1 Key Caveats
5. 2 Currency Conversion
5. 3 Marketplace Derivation

6 Market at a Glance

7 Premium Information
7. 1 Market Overview
7. 2 Technological Advances
7. 3 Market Dynamics: Key Trends, Drivers, plus Restraints
7. 4 Segment Analysis
seven. 5 Geographical Analysis
7. 6 Competitive Landscape
7. 7 About the Report

8 Introduction
8. 1 Overview
8. 2 Boat-Monitoring Components
8. three or more Technology Used in Vessel Monitoring
8. four Technological Advances in Boating Industry
8. five Value Chain Analysis
8. 6 Impact associated with Covid-19
8. 7 Global Economy

9 Market Opportunities & Trends
9. 1 Technological Advances in Marine Industry
9. 2 Increasing Possibilities in Electric Boat Market
9. 3 Development of Marine Tourism Sector

10 Market Growth Enablers
10. 1 Increasing Participation in Leisure-Boating Activities in Europe
10. 2 Increasing Focus on Avoiding Bad Weather Conditions
10. 3 Security and Theft Prevention
ten. 4 Growing Boat Market

11 Market Restraints
11. 1 Volatility within Raw Material Prices Affecting Vendor Margins
eleven. 2 Lack of Awareness

12 Market Scenery
12. one Market Size & Forecast
12. 2 Five Forces Analysis

13 Monitoring System
13. 1 Market Snapshot & Growth Engine
13. two Market Overview
13. 3 Position and Tracking
13. 4 Control System
13. 5 Security System
thirteen. 6 Others

14 Application
14. 1 Marketplace Snapshot & Growth Engine
14. 2 Market Overview
14. several Boats
14. 4 Yachts
14. five Others

15 Geography
15. 1 Market Snapshot & Growth Engine
15. 2 Geographic Summary

16 North America
sixteen. 1 Market Size & Forecast
16. 2 Monitoring System
16. 3 Application
sixteen. 4 Key Countries

17 Europe
17. 1 Marketplace Size & Forecast
17. 2 Monitoring Program
17. 3 Application
17. 4 Key Countries

18 Apac
18. 1 Market Size & Forecast
18. 2 Monitoring System
18. 3 Application
18. 4 Key Countries

19 Latin The united states
nineteen. 1 Market Size & Forecast
19. two Monitoring System
19. 3 Application
nineteen. 4 Key Countries

20 Middle East & Africa
20. 1 Market Dimension & Forecast
20. 2 Monitoring System
20. 3 Application
20. 4 Key Nations

21 Competitive Landscape
21. 1 Competition Review

22 Company Profiles
22. 1 Azimut-Benetti Group
22. 2 Brunswick Corporation
22. 3 or more Group Beneteau
twenty two. 4 Yamaha
22. 5 Gost
twenty two. 6 Seas of Options
22. 7 Navis Electronika
22. 8 Smartswitch
22. 9 Garmin
22. 10 Monnit
22. 11 Kobelt
22. 12 C-Pod Security Systems
22. 13 Siren Sea
22. 14 Mastervolt
22. 15 Sentinel
22. 16 Yacht Sentinel
22. 17 Gem Elettronica
22. 18 C. Technology
22. 19 Vanemar
22. 20 Barnacle Systems

23 Report Summary
23. 1 Key Takeaways
23. 2 Strategic Recommendations

24 Quantitative Summary
24. 1 Geography
24. 2 North America
24. 3 Europe
24. 4 Apac
24. 5 Latin America
24. 6 Middle East & Africa
24. seven Monitoring System
24. 8 Application

25 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/bmly3o

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