Boat Monitoring Market - Global Outlook and Forecast 2022-2027

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62 tables

68 charts

5 region

17 countries

20 company

3 segments

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THE GLOBAL BOAT MONITORING MARKET WAS VALUED AT USD 425.18 MILLION IN 2021 AND IS EXPECTED TO REACH USD 841.54 MILLION BY 2027, GROWING AT A CAGR OF 12.05%.

The global boat monitoring market size, share, trends analysis by

  • Monitoring System: Position and Tracking, Control System, Security System, and Others
  • Application: Boats, Yachts, and Others
  • Regions: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2027

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GLOBAL BOAT MONITORING MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2027)USD 841.54 Million
Market Size (2021)USD 425.18 Million
CAGR (2022-2027)12.05%
Base Year2021
Forecast Year2022-2027
Market SegmentsMonitoring System, Application, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
Countries CoveredUS, Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia, India, South Korea, Mexico, Brazil, Argentina, South Africa, and UAE
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MARKET OVERVIEW

The boat monitoring market size was valued at USD 425.18 million in 2021 and is projected to reach USD 841.54 million by 2027, growing at a CAGR of 12.05%. 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 and 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 during 2022-2027.

Manufacturers are trying to spur the 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 boat is also a 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.

 

Boat Monitoring Market Size

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

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

Automatic Positioning Systems: This system acts as a virtual anchor for the boat. 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 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 seen as the future of sailing where boaters can enjoy their time with family while the boat drives itself on a 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 Industry

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 of the boat monitoring market in recent years. In the US, states such as California, Florida, and New York are the country's major tourist attractions. These states attract millions of both national and international tourists every year.

Drivers: Growing Boat Market

The demand for boating and consumer interest is increasing as people seek boating as an outdoor activity, particularly as other leisure activities, travel, and sports continue to be impacted by COVID-19. According 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 in emerging and underdeveloped nations such as Brazil, India, Turkey, and 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 monitoring systems.

SEGMENT ANALYSIS

This research report includes a detailed segmentation by

  1. Monitoring System
  2. Application

The position and tracking segment is expected to be the largest in the global boat monitoring market. This segment helps identify, track, and monitor the boat's location, position, and other information essential in stabilizing and maneuvering a boat's route and course. Boat tracking systems are available in a wide variety, whereas the Global Positioning System (GPS) is the most common among boat tracking systems.

The boat market will be the dominant segment in the global boat monitoring industry. The boat market segment includes outboard boats, inboard boats, and personal watercraft boats. The expansion of the North American market has inspired boat and engine makers to invest in developing modern, creative boats with monitoring systems. Exports to developing markets play a vital role in the revenue generation of this segment. However, the yacht tracking systems will witness growth during the forecast period.

GEOGRAPHICAL ANALYSIS

The global boat monitoring market is developed in North America, Europe, and APAC due to the increasing penetration of boat tracking systems. On the other hand, Latin America and the Middle East are highly potential markets with enough opportunity for growth. North America was the largest industry for boat monitoring in 2021, with a revenue share of 43.27%. In the US, the demand for boat monitoring market accounted for a revenue share of 87.36% in 2021. Several factors, such as growth in the safety and security concerns among boat users and boat monitoring systems technology developments, are driving the market's growth in the United States.

COMPETITIVE LANDSCAPE

The global boat monitoring market is fragmented, and the degree of fragmentation is expected to accelerate during the forecast period. There is a significant number of global and domestic vendors across the geographies. The adoption rate of boat monitoring systems among end-users worldwide has been impressive. Due to the higher demand for yachts and different outboard boats, the industry has witnessed the entry of several new vendors. The competition among these companies has intensified, leading to several innovative and advanced solutions. These players compete on various factors such as price, quality, availability, brand, and variety. However, the price is set to become a significant base for competition among players to gain an edge over other vendors in the market.

The market concentration in developed countries such as the US and other Western European countries is high, while the industry is growing in developing economies such as China and India because of the entry of several international brands in these countries. The competition among vendors is based on product offerings and pricing. Vendors are using new business models and focusing on developing the portfolio of their established products to drive growth.

ABOUT THE REPORT

The boat monitoring market report provides an in-depth analysis of the revenue and growth of the industry from 2022 to 2027 and the base year of 2021. The report offers a holistic approach to the global boat monitoring market to enable customers to analyze the industry efficiently.

For further information and clarification on the market, an analyst discussion can also be arranged at the feasibility of the client.

SNAPSHOT

The global boat monitoring market is expected to reach USD 841.54 million by 2027, growing at a CAGR of 12.05%.

The following factors will drive the global boat monitoring market growth during the forecast period:

  • Technological Advancements in Marine Industry
  • Increasing Participation in Leisure Boating Activities in Europe
  • Rising Focus on Avoiding Bad Weather Conditions
  • Increasing Opportunities in Electric Boat Industry

Base Year: 2021

Forecast Year: 2022-2027

The study considers a detailed scenario of the present global boat monitoring market and its dynamics for the forecasted period. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the industry. 

Key Vendors

  • Azimut-Benetti Group
    • Business Overview
    • Product Offerings
  • Brunswick Corporation
  • Groupe Beneteau
  • Yamaha
  • GOST
  • Seas of Solutions
  • Navis Elektronika
  • Smart switch
  • Garmin
  • Monnit
  • Kobelt
  • C-pod Security Systems
  • Siren Marine
  • Mastervolt
  • Sentinel
  • Yacht Sentinel
  • GEM Elettronica
  • C.technology
  • Vanemar
  • Barnacle Systems

Segmentation by Monitoring System

  • Position and Tracking
  • Control System
  • Security System
  • Others

Segmentation by Application

  • Boats
  • Yachts
  • Others

Segmentation by Regions

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • Australia
    • India
    • South Korea
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE

Frequently Asked Questions

HOW BIG IS THE GLOBAL BOAT MONITORING MARKET?

The global boat monitoring market was valued at USD 425.18 million in 2021 and is expected to reach USD 841.54 million by 2027.

WHAT IS THE GROWTH RATE OF THE GLOBAL BOAT MONITORING MARKET?

The global boat monitoring market is expected to grow at a CAGR of 12.05% during 2022-2027.

WHAT ARE THE GROWTH FACTORS IN THE GLOBAL BOAT MONITORING MARKET?

Technological advancements in the marine industry, increasing participation in leisure boating activities in Europe, rising focus on avoiding bad weather conditions, AND growing opportunities in the electric boat industry are the major factor driving the growth of the global boat monitoring market.

WHO ARE THE LEADING PLAYERS IN THE GLOBAL BOAT MONITORING MARKET?

Azimut-Benetti Group, Brunswick Corporation, Groupe Beneteau, Yamaha, GOST, Seas of Solutions, Navis Elektronika, and Smart switch are some of the leading players in the global boat monitoring market.

WHICH REGION IS EXPECTED TO HOLD THE LARGEST SHARE IN THE GLOBAL BOAT MONITORING MARKET BY 2028?

North America is expected to hold the largest share in the market.

LIST OF EXHIBITS

EXHIBIT 1 GLOBAL BOAT MONITORING MARKET: SEGMENTATION

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021

EXHIBIT 3 GLOBAL BOAT MONITORING MARKET 2022 & 2027

EXHIBIT 4 CAGR COMPARISON BY GEOGRAPHY, 2021-2027

EXHIBIT 5 BENEFITS OF BOAT MONITORING

EXHIBIT 6 BOAT MONITORING MARKET BY COUNTRIES (CAGR)

EXHIBIT 7 BOAT MONITORING MARKET BY MONITORING SYSTEMS: OVERVIEW

EXHIBIT 8 BOAT MONITORING COMPONENTS

EXHIBIT 9 VALUE CHAIN ANALYSIS OF BOAT MONITORING MARKET

EXHIBIT 10 IMPACT OF TECHNOLOGICAL ADVANCES IN MARINE INDUSTRY

EXHIBIT 11 KEY TECH ADVANCES IN MARINE INDUSTRY

EXHIBIT 12 IMPACT OF INCREASING OPPORTUNITIES IN ELECTRIC BOAT INDUSTRY

EXHIBIT 13 EXPECTED RISE IN SALES OF ELECTRIC OUTBOARD MOTORS IN US 2018 & 2024 ($ MILLION)

EXHIBIT 14 IMPACT OF GROWTH OF MARINE TOURISM INDUSTRY

EXHIBIT 15 IMPACT OF INCREASING PARTICIPATION IN LEISURE-BOATING ACTIVITIES IN EUROPE

EXHIBIT 16 LANDSCAPE OF BELGIUM BOAT MARKET 2020

EXHIBIT 17 IMPACT OF INCREASING FOCUS ON AVOIDING BAD WEATHER CONDITIONS

EXHIBIT 18 IMPACT OF SECURITY AND THEFT PREVENTION

EXHIBIT 19 SOME OF THE NEW ANTI-THEFT AND REMOTE-CONTROL SYSTEMS

EXHIBIT 20 IMPACT OF GROWING BOAT MARKET

EXHIBIT 21 SOME STATISTICS ON GROWING BOAT INDUSTRY

EXHIBIT 22 IMPACT OF VOLATILITY IN RAW MATERIAL PRICES AFFECTING VENDOR MARGINS

EXHIBIT 23 IMPACT OF LACK OF AWARENESS

EXHIBIT 24 GLOBAL BOAT MONITORING MARKET 2021–2027 ($ MILLION)

EXHIBIT 25 INCREMENTAL CONTRIBUTION BY REGION

EXHIBIT 26 FIVE FORCES ANALYSIS 2021

EXHIBIT 27 INCREMENTAL GROWTH BY MONITORING SYSTEM 2021 & 2027

EXHIBIT 28 GLOBAL BOAT MONITORING MARKET BY MONITORING SYSTEM: OVERVIEW

EXHIBIT 29 GLOBAL POSITION & TRACKING BOAT MONITORING MARKET 2021–2027 ($ MILLION)

EXHIBIT 30 GLOBAL CONTROL SYSTEM BOAT MONITORING MARKET 2021–2027 ($ MILLION)

EXHIBIT 31 GLOBAL SECURITY SYSTEM BOAT MONITORING MARKET 2021–2027 ($ MILLION)

EXHIBIT 32 GLOBAL OTHERS BOAT MONITORING MARKET 2021–2027 ($ MILLION)

EXHIBIT 33 INCREMENTAL GROWTH BY APPLICATION 2021 & 2027

EXHIBIT 34 GLOBAL BOAT MONITORING MARKET BY APPLICATION: OVERVIEW

EXHIBIT 35 GLOBAL BOAT MONITORING MARKET BY BOATS 2021–2027 ($ MILLION)

EXHIBIT 36 GLOBAL BOAT MONITORING MARKET BY YACHTS 2021–2027 ($ MILLION)

EXHIBIT 37 GLOBAL BOAT MONITORING MARKET BY OTHERS 2021–2027 ($ MILLION)

EXHIBIT 38 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027

EXHIBIT 39 REGIONAL CONTRIBUTION TO GLOBAL BOAT MONITORING MARKET 2021

EXHIBIT 40 BOAT MONITORING MARKET IN NORTH AMERICA 2021–2027 ($ MILLION)

EXHIBIT 41 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027

EXHIBIT 42 BOAT MONITORING MARKET IN US 2021–2027 ($ MILLION)

EXHIBIT 43 BOAT MONITORING MARKET IN CANADA 2021–2027 ($ MILLION)

EXHIBIT 44 BOAT MONITORING MARKET IN EUROPE 2021–2027 ($ MILLION)

EXHIBIT 45 BOAT MONITORING MARKET IN EUROPE: OVERVIEW

EXHIBIT 46 INCREMENTAL GROWTH IN EUROPE 2021 & 2027

EXHIBIT 47 BOAT MONITORING MARKET IN UK 2021–2027 ($ MILLION)

EXHIBIT 48 BOAT MONITORING MARKET IN GERMANY 2021–2027 ($ MILLION)

EXHIBIT 49 BOAT MONITORING MARKET IN FRANCE 2021–2027 ($ MILLION)

EXHIBIT 50 BOAT MONITORING MARKET IN ITALY 2021–2027 ($ MILLION)

EXHIBIT 51 BOAT MONITORING MARKET IN SPAIN 2021–2027 ($ MILLION)

EXHIBIT 52 BOAT MONITORING MARKET IN APAC 2021–2027 ($ MILLION)

EXHIBIT 53 BOAT MONITORING MARKET IN APAC: OVERVIEW

EXHIBIT 54 INCREMENTAL GROWTH IN APAC 2021 & 2027

EXHIBIT 55 BOAT MONITORING MARKET IN CHINA 2021–2027 ($ MILLION)

EXHIBIT 56 BOAT MONITORING MARKET IN JAPAN 2021–2027 ($ MILLION)

EXHIBIT 57 BOAT MONITORING MARKET IN AUSTRALIA 2021–2027 ($ MILLION)

EXHIBIT 58 BOAT MONITORING MARKET IN INDIA 2021–2027 ($ MILLION)

EXHIBIT 59 BOAT MONITORING MARKET IN SOUTH KOREA 2021–2027 ($ MILLION)

EXHIBIT 60 BOAT MONITORING MARKET IN LATIN AMERICA 2021–2027 ($ MILLION)

EXHIBIT 61 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027

EXHIBIT 62 BOAT MONITORING MARKET IN MEXICO 2021–2027 ($ MILLION)

EXHIBIT 63 BOAT MONITORING MARKET IN BRAZIL 2021–2027 ($ MILLION)

EXHIBIT 64 BOAT MONITORING MARKET IN ARGENTINA 2021–2027 ($ MILLION)

EXHIBIT 65 BOAT MONITORING MARKET IN MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)

EXHIBIT 66 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027

EXHIBIT 67 BOAT MONITORING MARKET IN SOUTH AFRICA 2021–2027 ($ MILLION)

EXHIBIT 68 BOAT MONITORING MARKET IN UAE 2021–2027 ($ MILLION)

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015−2021

TABLE 3 GLOBAL BOAT MONITORING MARKET BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 4 GLOBAL POSITION AND TRACKING BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 5 GLOBAL CONTROL SYSTEM BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 6 GLOBAL SECURITY SYSTEM BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 7 GLOBAL OTHERS BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 8 GLOBAL BOAT MONITORING MARKET BY APPLICATION 2021−2027 ($ MILLION)

TABLE 9 GLOBAL BOAT MONITORING MARKET BY BOATS: GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 10 GLOBAL BOAT MONITORING MARKET BY YACHTS: GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 11 GLOBAL BOAT MONITORING MARKET BY OTHERS: GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 12 GLOBAL BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 13 BOAT MONITORING MARKET IN NORTH AMERICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 14 BOAT MONITORING MARKET IN NORTH AMERICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 15 BOAT MONITORING MARKET IN EUROPE BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 16 BOAT MONITORING MARKET IN EUROPE BY APPLICATION 2021−2027 ($ MILLION)

TABLE 17 BOAT MONITORING MARKET IN APAC BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 18 BOAT MONITORING MARKET IN APAC BY APPLICATION 2021−2027 ($ MILLION)

TABLE 19 BOAT MONITORING MARKET IN LATIN AMERICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 20 BOAT MONITORING MARKET IN LATIN AMERICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 21 BOAT MONITORING MARKET IN MIDDLE EAST & AFRICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 22 BOAT MONITORING MARKET IN MIDDLE EAST & AFRICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 23 AZIMUT-BENETTI GROUP: MAJOR PRODUCT OFFERINGS

TABLE 24 BRUNSWICK CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 25 GROUP BENETEAU: MAJOR PRODUCT OFFERINGS

TABLE 26 YAMAHA: MAJOR PRODUCT OFFERINGS

TABLE 27 GOST: MAJOR PRODUCT OFFERINGS

TABLE 28 SEAS OF SOLUTIONS: MAJOR PRODUCT OFFERINGS

TABLE 29 NAVIS ELEKTRONIKA: MAJOR PRODUCT OFFERINGS

TABLE 30 SMARTSWITCH: MAJOR PRODUCT OFFERINGS

TABLE 31 GARMIN: MAJOR PRODUCT OFFERINGS

TABLE 32 MONNIT: MAJOR PRODUCT OFFERINGS

TABLE 33 KOBELT: MAJOR PRODUCT OFFERINGS

TABLE 34 C-POD SECURITY SYSTEMS: MAJOR PRODUCT OFFERINGS

TABLE 35 SIREN MARINE: MAJOR PRODUCT OFFERINGS

TABLE 36 MASTERVOLT: MAJOR PRODUCT OFFERINGS

TABLE 37 SENTINEL: MAJOR PRODUCT OFFERINGS

TABLE 38 YACHT SENTINEL: MAJOR PRODUCT OFFERINGS

TABLE 39 GEM ELETTRONICA: MAJOR PRODUCT OFFERINGS

TABLE 40 C.TECHNOLOGY: MAJOR PRODUCT OFFERINGS

TABLE 41 VANEMAR: MAJOR PRODUCT OFFERINGS

TABLE 42 BARNACLE SYSTEMS: MAJOR PRODUCT OFFERINGS

TABLE 43 GLOBAL BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 44 BOAT MONITORING MARKET IN NORTH AMERICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 45 BOAT MONITORING MARKET IN NORTH AMERICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 46 BOAT MONITORING MARKET IN EUROPE BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 47 BOAT MONITORING MARKET IN EUROPE BY APPLICATION 2021−2027 ($ MILLION)

TABLE 48 BOAT MONITORING MARKET IN APAC BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 49 BOAT MONITORING MARKET IN APAC BY APPLICATION 2021−2027 ($ MILLION)

TABLE 50 BOAT MONITORING MARKET IN LATIN AMERICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 51 BOAT MONITORING MARKET IN LATIN AMERICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 52 BOAT MONITORING MARKET IN MIDDLE EAST & AFRICA BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 53 BOAT MONITORING MARKET IN MIDDLE EAST & AFRICA BY APPLICATION 2021−2027 ($ MILLION)

TABLE 54 GLOBAL BOAT MONITORING MARKET BY MONITORING SYSTEM 2021−2027 ($ MILLION)

TABLE 55 GLOBAL POSITION AND TRACKING BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 56 GLOBAL CONTROL SYSTEM BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 57 GLOBAL SECURITY SYSTEM BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 58 GLOBAL OTHERS BOAT MONITORING MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 59 GLOBAL BOAT MONITORING MARKET BY APPLICATION 2021−2027 ($ MILLION)

TABLE 60 GLOBAL BOAT MONITORING MARKET BY BOATS: GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 61 GLOBAL BOAT MONITORING MARKET BY YACHTS: GEOGRAPHY 2021−2027 ($ MILLION)

TABLE 62 GLOBAL BOAT MONITORING MARKET BY OTHERS: GEOGRAPHY 2021−2027 ($ MILLION)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.4 MARKET SEGMENTATION

4.4.1 MARKET SEGMENTATION BY MONITORING SYSTEM

4.4.2 MARKET SEGMENTATION BY APPLICATION

4.4.3 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 MARKET OVERVIEW

7.2 TECHNOLOGICAL ADVANCES

7.3 MARKET DYNAMICS: KEY TRENDS, DRIVERS, AND RESTRAINTS

7.3.1 MARKET TRENDS

7.3.2 MARKET DRIVERS

7.3.3 MARKET RESTRAINTS

7.4 SEGMENT ANALYSIS

7.5 GEOGRAPHICAL ANALYSIS

7.6 COMPETITIVE LANDSCAPE

7.7 ABOUT THE REPORT

8 INTRODUCTION

8.1 OVERVIEW

8.2 BOAT-MONITORING COMPONENTS

8.3 TECHNOLOGY USED IN BOAT MONITORING

8.3.1 M2M TECHNOLOGY

8.3.2 GPS

8.3.3 SCADA MONITORING SYSTEM

8.3.4 WIRELESS SENSOR NETWORK

8.3.5 IOT SENSORS

8.4 TECHNOLOGICAL ADVANCES IN BOATING INDUSTRY

8.5 VALUE CHAIN ANALYSIS

8.5.1 MATERIAL SUPPLIERS

8.5.2 MANUFACTURERS

8.5.3 DISTRIBUTORS

8.5.4 APPLICATION

8.6 IMPACT OF COVID-19

8.7 GLOBAL ECONOMY

8.7.1 APAC ECONOMY

8.7.2 EUROPE ECONOMY

8.7.3 NORTH AMERICA ECONOMY

8.7.4 MIDDLE EAST & AFRICA ECONOMY

8.7.5 LATIN AMERICA ECONOMY

9 MARKET OPPORTUNITIES & TRENDS

9.1 TECHNOLOGICAL ADVANCES IN MARINE INDUSTRY

9.2 INCREASING OPPORTUNITIES IN ELECTRIC BOAT INDUSTRY

9.3 GROWTH OF MARINE TOURISM INDUSTRY

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

10.4 GROWING BOAT MARKET

11 MARKET RESTRAINTS

11.1 VOLATILITY IN RAW MATERIAL PRICES AFFECTING VENDOR MARGINS

11.2 LACK OF AWARENESS

12 MARKET LANDSCAPE

12.1 MARKET SIZE & FORECAST

12.2 FIVE FORCES ANALYSIS

12.2.1 THREAT OF NEW ENTRANTS

12.2.2 BARGAINING POWER OF SUPPLIERS

12.2.3 BARGAINING POWER OF BUYERS

12.2.4 THREAT OF SUBSTITUTES

12.2.5 COMPETITIVE RIVALRY

13 MONITORING SYSTEM

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 POSITION AND TRACKING

13.3.1 MARKET SIZE & FORECAST

13.3.2 MARKET BY GEOGRAPHY

13.4 CONTROL SYSTEM

13.4.1 MARKET SIZE & FORECAST

13.4.2 MARKET BY GEOGRAPHY

13.5 SECURITY SYSTEM

13.5.1 MARKET SIZE & FORECAST

13.5.2 MARKET BY GEOGRAPHY

13.6 OTHERS

13.6.1 MARKET SIZE & FORECAST

13.6.2 MARKET BY GEOGRAPHY

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 BOATS

14.3.1 MARKET SIZE & FORECAST

14.3.2 MARKET BY GEOGRAPHY

14.4 YACHTS

14.4.1 MARKET SIZE & FORECAST

14.4.2 MARKET BY GEOGRAPHY

14.5 OTHERS

14.5.1 MARKET SIZE & FORECAST

14.5.2 MARKET BY GEOGRAPHY

15 GEOGRAPHY

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 GEOGRAPHIC OVERVIEW

16 NORTH AMERICA

16.1 MARKET SIZE & FORECAST

16.2 MONITORING SYSTEM

16.2.1 MARKET SIZE & FORECAST

16.3 APPLICATION

16.3.1 MARKET SIZE & FORECAST

16.4 KEY COUNTRIES

16.4.1 US: MARKET SIZE & FORECAST

16.4.2 CANADA: MARKET SIZE & FORECAST

17 EUROPE

17.1 MARKET SIZE & FORECAST

17.2 MONITORING SYSTEM

17.2.1 MARKET SIZE & FORECAST

17.3 APPLICATION

17.3.1 MARKET SIZE & FORECAST

17.4 KEY COUNTRIES

17.4.1 UK: MARKET SIZE & FORECAST

17.4.2 GERMANY: MARKET SIZE & FORECAST

17.4.3 FRANCE: MARKET SIZE & FORECAST

17.4.4 ITALY: MARKET SIZE & FORECAST

17.4.5 SPAIN: MARKET SIZE & FORECAST

18 APAC

18.1 MARKET SIZE & FORECAST

18.2 MONITORING SYSTEM

18.2.1 MARKET SIZE & FORECAST

18.3 APPLICATION

18.3.1 MARKET SIZE & FORECAST

18.4 KEY COUNTRIES

18.4.1 CHINA: MARKET SIZE & FORECAST

18.4.2 JAPAN: MARKET SIZE & FORECAST

18.4.3 AUSTRALIA: MARKET SIZE & FORECAST

18.4.4 INDIA: MARKET SIZE & FORECAST

18.4.5 SOUTH KOREA: MARKET SIZE & FORECAST

19 LATIN AMERICA

19.1 MARKET SIZE & FORECAST

19.2 MONITORING SYSTEM

19.2.1 MARKET SIZE & FORECAST

19.3 APPLICATION

19.3.1 MARKET SIZE & FORECAST

19.4 KEY COUNTRIES

19.4.1 MEXICO: MARKET SIZE & FORECAST

19.4.2 BRAZIL: MARKET SIZE & FORECAST

19.4.3 ARGENTINA: MARKET SIZE & FORECAST

20 MIDDLE EAST & AFRICA

20.1 MARKET SIZE & FORECAST

20.2 MONITORING SYSTEM

20.2.1 MARKET SIZE & FORECAST

20.3 APPLICATION

20.3.1 MARKET SIZE & FORECAST

20.4 KEY COUNTRIES

20.4.1 SOUTH AFRICA: MARKET SIZE & FORECAST

20.4.2 UAE: MARKET SIZE & FORECAST

21 COMPETITIVE LANDSCAPE

21.1 COMPETITION OVERVIEW

22 COMPANY PROFILES

22.1 AZIMUT-BENETTI GROUP

22.1.1 BUSINESS OVERVIEW

22.1.2 PRODUCT OFFERINGS

22.2 BRUNSWICK CORPORATION

22.2.1 BUSINESS OVERVIEW

22.2.2 PRODUCT OFFERINGS

22.3 GROUP BENETEAU

22.3.1 BUSINESS OVERVIEW

22.3.2 PRODUCT OFFERINGS

22.4 YAMAHA

22.4.1 BUSINESS OVERVIEW

22.4.2 PRODUCT OFFERINGS

22.5 GOST

22.5.1 BUSINESS OVERVIEW

22.5.2 PRODUCT OFFERINGS

22.6 SEAS OF SOLUTIONS

22.6.1 BUSINESS OVERVIEW

22.6.2 PRODUCT OFFERINGS

22.7 NAVIS ELECTRONIKA

22.7.1 BUSINESS OVERVIEW

22.7.2 PRODUCT OFFERINGS

22.8 SMARTSWITCH

22.8.1 BUSINESS OVERVIEW

22.8.2 PRODUCT OFFERINGS

22.9 GARMIN

22.9.1 BUSINESS OVERVIEW

22.9.2 PRODUCT OFFERINGS

22.10 MONNIT

22.10.1 BUSINESS OVERVIEW

22.10.2 PRODUCT OFFERINGS

22.11 KOBELT

22.11.1 BUSINESS OVERVIEW

22.11.2 PRODUCT OFFERINGS

22.12 C-POD SECURITY SYSTEMS

22.12.1 BUSINESS OVERVIEW

22.12.2 PRODUCT OFFERINGS

22.13 SIREN MARINE

22.13.1 BUSINESS OVERVIEW

22.13.2 PRODUCT OFFERINGS

22.14 MASTERVOLT

22.14.1 BUSINESS OVERVIEW

22.14.2 PRODUCT OFFERINGS

22.15 SENTINEL

22.15.1 BUSINESS OVERVIEW

22.15.2 PRODUCT OFFERINGS

22.16 YACHT SENTINEL

22.16.1 BUSINESS OVERVIEW

22.16.2 PRODUCT OFFERINGS

22.17 GEM ELETTRONICA

22.17.1 BUSINESS OVERVIEW

22.17.2 PRODUCT OFFERINGS

22.18 C.TECHNOLOGY

22.18.1 BUSINESS OVERVIEW

22.18.2 PRODUCT OFFERINGS

22.19 VANEMAR

22.19.1 BUSINESS OVERVIEW

22.19.2 PRODUCT OFFERINGS

22.20 BARNACLE SYSTEMS

22.20.1 BUSINESS OVERVIEW

22.20.2 PRODUCT OFFERINGS

23 REPORT SUMMARY

23.1 KEY TAKEAWAYS

23.2 STRATEGIC RECOMMENDATIONS

24 QUANTITATIVE SUMMARY

24.1 GEOGRAPHY

24.2 NORTH AMERICA

24.2.1 MONITORING SYSTEM

24.2.2 APPLICATION

24.3 EUROPE

24.3.1 MONITORING SYSTEM

24.3.2 APPLICATION

24.4 APAC

24.4.1 MONITORING SYSTEM

24.4.2 APPLICATION

24.5 LATIN AMERICA

24.5.1 MONITORING SYSTEM

24.5.2 APPLICATION

24.6 MIDDLE EAST & AFRICA

24.6.1 MONITORING SYSTEM

24.6.2 APPLICATION

24.7 MONITORING SYSTEM

24.7.1 POSITION AND TRACKING

24.7.2 CONTROL SYSTEM

24.7.3 SECURITY SYSTEM

24.7.4 OTHERS

24.8 APPLICATION

24.8.1 BOATS

24.8.2 YACHTS

24.8.3 OTHERS

25 APPENDIX

25.1 ABBREVIATIONS

Select a license type that suits your business needs

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  • Continuous support through email

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  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
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  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

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$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Frequently Asked Questions

HOW BIG IS THE GLOBAL BOAT MONITORING MARKET?

The global boat monitoring market was valued at USD 425.18 million in 2021 and is expected to reach USD 841.54 million by 2027.

WHAT IS THE GROWTH RATE OF THE GLOBAL BOAT MONITORING MARKET?

The global boat monitoring market is expected to grow at a CAGR of 12.05% during 2022-2027.

WHAT ARE THE GROWTH FACTORS IN THE GLOBAL BOAT MONITORING MARKET?

Technological advancements in the marine industry, increasing participation in leisure boating activities in Europe, rising focus on avoiding bad weather conditions, AND growing opportunities in the electric boat industry are the major factor driving the growth of the global boat monitoring market.

WHO ARE THE LEADING PLAYERS IN THE GLOBAL BOAT MONITORING MARKET?

Azimut-Benetti Group, Brunswick Corporation, Groupe Beneteau, Yamaha, GOST, Seas of Solutions, Navis Elektronika, and Smart switch are some of the leading players in the global boat monitoring market.

WHICH REGION IS EXPECTED TO HOLD THE LARGEST SHARE IN THE GLOBAL BOAT MONITORING MARKET BY 2028?

North America is expected to hold the largest share in the market.