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Boat Monitoring Market By Monitoring System (Position & Tracking, Control System, Security System, Others) By Application (Boats, Yachts, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The global boat monitoring market is segmented based on the monitoring system, application, and region. The position & tracking segment is the leading category by the monitoring system, driven by the need for real-time vessel location and monitoring. In terms of application, the boat segment dominates the global market, reflecting the high demand for monitoring solutions among boat owners. Geographically, North America holds a significant market share, followed by Europe and Asia-Pacific.

The market is primarily driven by the increasing need for vessel safety and security, effective fleet management, and the adoption of advanced sensor technologies for real-time data collection. However, challenges such as high implementation costs and limited awareness among boat owners can restrict the market growth. Nonetheless, integrating AI and IoT technologies and the rising focus on sustainability and regulatory compliance presents growth opportunities for the global boat monitoring market.

Market Overview

The global boat monitoring market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 12.9% between 2023 and 2030. The market was valued at USD 435.1 million in 2022 and is expected to reach USD 1017.29 million in 2030.

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What Are The Main Drivers Of The Global Boat Monitoring Market?

The global boat monitoring market is primarily driven by the growing need for enhanced maritime safety and security measures, increasing demand for efficient fleet management solutions, and technological advancements such as sensors, GPS tracking, and satellite communication. Additionally, stringent regulatory requirements related to vessel monitoring and rising concerns regarding piracy and theft further contribute to the market’s growth.

What Are The Major Challenges Faced By The Global Boat Monitoring Market?

The global boat monitoring market faces challenges, including the high cost of implementing advanced monitoring systems, particularly for small & medium-sized vessel owners. The complex and dynamic marine environment, including harsh weather and remote locations, can challenge reliable and real-time data transmission. Moreover, the lack of standardized regulations across different regions and limited awareness about the benefits of boat monitoring systems among certain user segments present barriers to market expansion.

What Are The Growth Opportunities In The Global Boat Monitoring Market?

The global boat monitoring market presents growth opportunities fuelled by the rising demand for vessel tracking and safety solutions, effective fleet management, and the integration of advanced sensor technologies. Furthermore, adopting AI and IoT in boat monitoring systems enhances vessel performance and regulatory compliance in the maritime industry.

Executive Summary

Overview of the Global Boat Monitoring Market

The boat monitoring market encompasses various products that monitor and track ships and other marine vessels. These products include GPS tracking devices, satellite communication systems, onboard sensors, data analytics platforms, and mobile applications. They provide real-time monitoring of vessel location, performance, and safety parameters. Boat monitoring products enable boat owners, fleet operators, and maritime authorities to enhance safety, optimize operational efficiency, and ensure compliance with regulatory standards. The growing demand for marine safety and security, the requirement for effective fleet management, and the expanding usage of IoT and advanced sensor technologies in the maritime industry are driving the global market for boat monitoring.

Market Definition

Boat monitoring systems are specialized solutions for tracking and monitoring boats and other marine vessels. These systems utilize advanced technologies such as GPS, satellite communication, sensors, and data analytics to monitor vessel location, performance, and safety parameters. Boat monitoring systems offer vessel tracking, remote diagnostics, geofencing, and emergency alerts to ensure efficient fleet management, enhance safety and security, and optimize operational performance.

Market Insights

The global demand for boat monitoring was valued at USD 435.1 Million in 2022 and is expected to reach USD 1017.29 Million in 2030, growing at a CAGR of 12.9% between 2023 and 2030.
Position & tracking is the leading segment by the monitoring system, holding over 40% share in value in 2022, while the control system segment is likely to exhibit the fastest CAGR in the forecast period.
The yachts segment governs the global demand for boat monitoring, holding a massive market share of over 52% in 2022, and is likely to grow at the highest CAGR.
North America is the dominant region in the global boat monitoring market, with over a 44% market share in 2022.
The Asia-Pacific region is expected to witness substantial growth in the boat monitoring market, driven by increasing maritime trade and investments in the marine sector.
Key market players are actively investing in product development and technological advancements to cater to the evolving needs of the boat monitoring market.

Segmentation by Monitoring System

The position & tracking segment is the leading segment by the monitoring system, holding over 40% share in terms of value in 2022.
The control system segment is projected to exhibit the fastest CAGR in the forecast period.

Segmentation by Application

The boat segment is expected to post the highest CAGR in the forecast period. This can be attributed to the growing adoption of boat monitoring systems by individual boat owners and small-scale operators for enhanced safety and operational efficiency.
The yachts segment leads the market share with over 52% in 2022. This is primarily driven by the high-end yacht owner’s need for advanced monitoring and tracking systems for luxury vessels.

Segmentation by Region

North America holds a significant share of the global boat monitoring market, driven by the presence of many boat owners, stringent safety regulations, and the high adoption of advanced technologies in the maritime sector.
Europe is another prominent region in the global boat monitoring market, contributing to the overall market share. The region’s strong maritime industry, including commercial shipping and recreational boating, fuels the demand for boat monitoring solutions.
The Asia-Pacific region, led by India and China, is estimated to witness substantial growth in the boat monitoring market. This is attributed to the increasing maritime activities, investments in port infrastructure, and rising awareness about safety and security measures in the region.
The rest of the world, including regions such as the Middle East, Latin America, and Africa, also contributes to the demand for boat monitoring, completing the market revenue share.

The United States is a prominent market for boat monitoring solutions, driven by the country’s extensive coastline, thriving boating industry, and stringent safety regulations. The demand for boat monitoring systems in the U.S. is fuelled by the need to ensure vessel safety, track real-time location, and optimize fleet management. With many boat owners and marinas, the U.S. offers a conducive market environment for adopting advanced monitoring technologies. Besides, the presence of established marine technology providers and a strong focus on maritime security further contribute to the country’s boat monitoring market growth.

China is emerging as a key boat monitoring solution market owing to its expanding maritime activities and increasing focus on safety and security. Chinese naval authorities and boat owners increasingly recognize the importance of real-time vessel tracking, navigation safety, and efficient fleet management. Government initiatives promoting maritime security and integrating advanced technologies like satellite communication, IoT, and data analytics propel the adoption of boat monitoring systems in China. The growing focus on security enhancement, operational efficiency, and adherence to maritime regulations in the country further supports market expansion.

Increasing Emphasis on Maritime Safety and Security

The growing awareness about the importance of maritime safety and security is driving the demand for boat monitoring systems. Governments, naval authorities, and boat owners worldwide are investing in advanced monitoring technologies to track vessel location, ensure compliance with safety regulations, and mitigate potential risks.

Rising Adoption of IoT and Advanced Sensor Technologies

Integrating IoT and advanced sensor technologies like GPS, radar, and AIS enables real-time monitoring of vessel movements, fuel consumption, and engine performance, driving operational efficiency and reducing maintenance costs. This facilitates improved fleet management, route optimization, and proactive maintenance planning.

High Implementation and Maintenance Costs

The high upfront costs of installing boat monitoring systems, including hardware, software, and communication infrastructure, can be a barrier to entry for smaller boat owners and operators. This cost factor may limit the widespread adoption of boat monitoring solutions, particularly among budget-conscious market segments.

Regulatory Challenges and Privacy Concerns

Compliance with maritime regulations, such as SOLAS and GDPR, and addressing data privacy and security concerns pose challenges for boat monitoring providers. Ensuring compliance with regulatory requirements and implementing robust data protection measures are crucial to gain trust and overcoming privacy concerns.

Integration of Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML algorithm integration allow advanced data analysis for vessel performance optimization, anomaly identification, and predictive maintenance. This integration offers increased safety, improved fuel efficiency, and cost savings. Boat monitoring systems can give actionable insights and automate decision-making processes by employing AI and ML capabilities.

Robust Expansion into Emerging Markets

The rapid growth of maritime activities in emerging markets, such as Southeast Asia and Latin America, driven by increasing trade and tourism, presents untapped opportunities for boat monitoring solution providers. These regions offer potential for market expansion and customer acquisition, particularly by catering to the evolving needs of boat owners and fleet operators in these emerging markets.

Competitive Landscape

Key Players

The global boat monitoring market is highly competitive, with several key players competing for market share. Some of the main players in the global market and their market share are as follows:

Azimut-Benetti Group
Brunswick Corporation
Groupe Beneteau
Yamaha
GOST (Global Ocean Security Technologies)
Seas of Solutions
Navis Elektronika
Smart Switch
Garmin
Monnit
Kobelt
C-pod Security Systems
Siren Marine LLC
Mastervolt
Yacht Sentinel Ltd
GEM Elettronica
Vanemar
Barnacle Systems

These players employ product innovation, partnerships, and acquisitions to strengthen their market position. They focus on developing advanced boat monitoring solutions, expanding their customer base, and enhancing their service offerings. In addition, these companies often invest in research and development activities to stay at the forefront of technological advancements in the boat monitoring industry.

For instance, in January 2023, Siren Marine LLC introduced its latest boat monitoring system with advanced features such as remote control and real-time alerts.

Similarly, in October 2022, Trackimo LLC launched its upgraded boat tracking device with improved location accuracy and battery life.

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Summary of Key Findings

The need for safety and security, efficient fleet management, and advanced sensor technologies drives the global boat monitoring market growth.
Market segmented by the monitoring system, application, and region.
The position & tracking monitoring system segment holds a major global market share, while the control system segment exhibits the fastest growth.
The boat application segment shows the highest growth rate, driven by increasing adoption in recreational and commercial activities.
North America is a key market, followed by Europe, with a strong focus on safety and regulatory compliance.
The global market is highly competitive, with key players focusing on strategies like product innovation, partnerships, and geographical expansion to strengthen their market presence.

Future Outlook

Rising concerns about maritime security and the need for effective fleet management will continue to drive the demand for boat monitoring solutions.
The expected increase in autonomous and unmanned marine vehicles opens up new opportunities for boat monitoring systems to ensure their safe and effective operation.
Asia-Pacific, particularly China & India, is anticipated to witness significant market growth due to increasing maritime activities and government initiatives to enhance marine safety and security.

Segmentation

By Monitoring System
- Position & Tracking
- Control System
- Security System
- Others
By Application
- Boats
- Yachts
- Others
By Region

North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue-Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Boat Monitoring Market
2.2. Global Boat Monitoring Market, By Monitoring System
2.3. Global Boat Monitoring Market, By Application
2.4. Global Boat Monitoring Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Boat Monitoring Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Monitoring System
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Boat Monitoring Market, By Monitoring System
7.1. Global Boat Monitoring Market Overview, by Monitoring System
7.1.1. Global Boat Monitoring Market Revenue Share, By Monitoring System, 2022 Vs 2030 (in %)
7.2. Position & Tracking
7.2.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)
7.3. Control System
7.3.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)
7.4. Security System
7.4.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)
7.5. Others
7.5.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)

8. Global Boat Monitoring Market, By Application
8.1. Global Boat Monitoring Market Overview, by Application
8.1.1. Global Boat Monitoring Market, By Application, 2022 vs 2030 (in %)
8.2. Boats
8.2.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)
8.3. Yachts
8.3.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)
8.4. Others
8.4.1. Global Boat Monitoring Market, By Region, 2017-2030 (US$ Mn)

9. Global Boat Monitoring Market, By Region
9.1. Global Boat Monitoring Market Overview, by Region
9.1.1. Global Boat Monitoring Market, By Region, 2022 vs 2030 (in%)
9.2. Monitoring System
9.2.1. Global Boat Monitoring Market, By Monitoring System, 2017-2030 (US$ Mn)
9.3. Application
9.3.1. Global Boat Monitoring Market, By Application, 2017-2030 (US$ Mn)

10. North America Boat Monitoring Market Analysis
10.1. North America Boat Monitoring Market, by Monitoring System, 2017-2030(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Boat Monitoring Market, by Application, 2017-2030(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Boat Monitoring Market, by Country, 2017-2030 (US$ Mn)
10.3.1. North America Boat Monitoring Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.2.2. U.S. Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
10.3.2.3. U.S. Boat Monitoring, By Application, 2017-2030 (US$ Mn)
10.3.3. Canada
10.3.3.1. Canada Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.3.2. Canada Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
10.3.3.3. Canada Boat Monitoring, By Application, 2017-2030 (US$ Mn)
10.3.4. Mexico
10.3.4.1. Mexico Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.4.2. Mexico Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
10.3.4.3. Mexico Boat Monitoring, By Application, 2017-2030 (US$ Mn)

11. Europe Boat Monitoring Market Analysis
11.1. Europe Boat Monitoring Market, by Monitoring System, 2017-2030(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Boat Monitoring Market, by Application, 2017-2030(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Boat Monitoring Market, by Country, 2017-2030 (US$ Mn)
11.3.1. Europe Boat Monitoring Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.2.2. Germany Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.2.3. Germany Boat Monitoring, By Application, 2017-2030 (US$ Mn)
11.3.3. France
11.3.3.1. France Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.3.2. France Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.3.3. France Boat Monitoring, By Application, 2017-2030 (US$ Mn)
11.3.4. UK
11.3.4.1. UK Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.4.2. UK Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.4.3. UK Boat Monitoring, By Application, 2017-2030 (US$ Mn)
11.3.5. Italy
11.3.5.1. Italy Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.5.2. Italy Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.5.3. Italy Boat Monitoring, By Application, 2017-2030 (US$ Mn)
11.3.6. Spain
11.3.6.1. Spain Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.6.2. Spain Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.6.3. Spain Boat Monitoring, By Application, 2017-2030 (US$ Mn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.7.2. Rest of Europe Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
11.3.7.3. Rest of Europe Boat Monitoring, By Application, 2017-2030 (US$ Mn)

12. Asia Pacific Boat Monitoring Market Analysis
12.1. Asia Pacific Boat Monitoring Market, by Monitoring System, 2017-2030(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Boat Monitoring Market, by Application, 2017-2030(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Boat Monitoring Market, by Country, 2017-2030 (US$ Mn)
12.3.1. Asia Pacific Boat Monitoring Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.2.2. China Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.2.3. China Boat Monitoring, By Application, 2017-2030 (US$ Mn)
12.3.3. Japan
12.3.3.1. Japan Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.3.2. Japan Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.3.3. Japan Boat Monitoring, By Application, 2017-2030 (US$ Mn)
12.3.4. India
12.3.4.1. India Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.4.2. India Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.4.3. India Boat Monitoring, By Application, 2017-2030 (US$ Mn)
12.3.5. South Korea
12.3.5.1. South Korea Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.5.2. South Korea Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.5.3. South Korea Boat Monitoring, By Application, 2017-2030 (US$ Mn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.6.2. South-East Asia Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.6.3. South-East Asia Boat Monitoring, By Application, 2017-2030 (US$ Mn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.7.2. Rest of Asia Pacific Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
12.3.7.3. Rest of Asia Pacific Boat Monitoring, By Application, 2017-2030 (US$ Mn)

13. Latin America Boat Monitoring Market Analysis
13.1. Latin America Boat Monitoring Market, by Monitoring System, 2017-2030(US$ Mn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Boat Monitoring Market, by Application, 2017-2030(US$ Mn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Boat Monitoring Market, by Country, 2017-2030 (US$ Mn)
13.3.1. Latin America Boat Monitoring Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.2.2. Brazil Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
13.3.2.3. Brazil Boat Monitoring, By Application, 2017-2030 (US$ Mn)
13.3.3. Argentina
13.3.3.1. Argentina Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.3.2. Argentina Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
13.3.3.3. Argentina Boat Monitoring, By Application, 2017-2030 (US$ Mn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.4.2. Rest of Latin America Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
13.3.4.3. Rest of Latin America Boat Monitoring, By Application, 2017-2030 (US$ Mn)

14. Middle East and Africa Boat Monitoring Market Analysis
14.1. Middle East and Africa Boat Monitoring Market, by Monitoring System, 2017-2030(US$ Mn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Boat Monitoring Market, by Application, 2017-2030(US$ Mn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Boat Monitoring Market, by Country, 2017-2030 (US$ Mn)
14.3.1. Middle East and Africa Boat Monitoring Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.2.2. GCC Countries Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
14.3.2.3. GCC Countries Boat Monitoring, By Application, 2017-2030 (US$ Mn)
14.3.3. South Africa
14.3.3.1. South Africa Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.3.2. South Africa Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
14.3.3.3. South Africa Boat Monitoring, By Application, 2017-2030 (US$ Mn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Boat Monitoring Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.4.2. Rest of Middle East and Africa Boat Monitoring, By Monitoring System, 2017-2030 (US$ Mn)
14.3.4.3. Rest of Middle East and Africa Boat Monitoring, By Application, 2017-2030 (US$ Mn)

15. Company Profiles
15.1. Azimut-Benetti Group
15.1.1. Company Overview
15.1.2. Products/Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. Brunswick Corporation
15.3. Groupe Beneteau
15.4. Yamaha
15.5. GOST
15.6. Seas of Solutions
15.7. Navis Elektronika
15.8. Smart Switch
15.9. Garmin
15.10. Monnit
15.11. Kobelt
15.12. C-pod Security Systems
15.13. Siren Marine
15.14. Mastervolt
15.15. Yacht Sentinel
15.16. GEM Elettronica
15.17. Vanemar
15.18. Barnacle Systems

List of Figures
FIG. 1 Global Boat Monitoring Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom Up Approach
FIG. 3 Global Boat Monitoring Market Segmentation
FIG. 4 Global Boat Monitoring Market, by Monitoring System, 2022 (US$ Mn)
FIG. 5 Global Boat Monitoring Market, by Application, 2022 (US$ Mn)
FIG. 6 Global Boat Monitoring Market, by Geography, 2022 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Monitoring System, 2022
FIG. 8 Attractive Investment Proposition, by Application, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Boat Monitoring Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Boat Monitoring Market Manufacturers, 2022
FIG. 12 Global Boat Monitoring Market Value Contribution, By Monitoring System, 2022 & 2030 (Value %)
FIG. 13 Global Boat Monitoring Market, by Position & Tracking, Value, 2017-2030 (US$ Mn)
FIG. 14 Global Boat Monitoring Market, by Control System, Value, 2017-2030 (US$ Mn)
FIG. 15 Global Boat Monitoring Market, by Security System, Value, 2017-2030 (US$ Mn)
FIG. 16 Global Boat Monitoring Market, by Others, Value, 2017-2030 (US$ Mn)
FIG. 17 Global Boat Monitoring Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 18 Global Boat Monitoring Market, by Boats, Value, 2017-2030 (US$ Mn)
FIG. 19 Global Boat Monitoring Market, by Yachts, 2017-2030 (US$ Mn)
FIG. 20 Global Boat Monitoring Market, by Others, Value, 2017-2030 (US$ Mn)
FIG. 21 North America Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 22 U.S. Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 23 Canada Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 24 Europe Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 25 Germany Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 26 France Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 27 U.K. Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 28 Italy Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 29 Spain Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 30 Rest of Europe Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 31 Asia Pacific Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 32 China Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 33 Japan Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 34 India Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 35 South Korea Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 36 South-East Asia Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 37 Rest of Asia Pacific Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 38 Latin America Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 39 Brazil Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 40 Mexico Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 41 Rest of Latin America Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 42 Middle East & Africa Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 43 GCC Countries Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 44 South Africa Boat Monitoring Market, 2017-2030 (US$ Mn)
FIG. 45 Rest of Middle East and Africa Boat Monitoring Market, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Boat Monitoring Market
TABLE 2 Global Boat Monitoring Market: Market Drivers Impact Analysis
TABLE 3 Global Boat Monitoring Market: Market Restraints Impact Analysis
TABLE 4 Global Boat Monitoring Market, by Competitive Benchmarking, 2022
TABLE 5 Global Boat Monitoring Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Boat Monitoring Market, by Key Strategies Analysis, 2022
TABLE 7 Global Boat Monitoring Market, by Position & Tracking, By Region, 2017-2022 (US$ Mn)
TABLE 8 Global Boat Monitoring Market, by Position & Tracking, By Region, 2023-2030 (US$ Mn)
TABLE 9 Global Boat Monitoring Market, by Control System, By Region, 2017-2022 (US$ Mn)
TABLE 10 Global Boat Monitoring Market, by Control System, By Region, 2023-2030 (US$ Mn)
TABLE 11 Global Boat Monitoring Market, by Security System, By Region, 2017-2022 (US$ Mn)
TABLE 12 Global Boat Monitoring Market, by Security System, By Region, 2023-2030 (US$ Mn)
TABLE 13 Global Boat Monitoring Market, by Others, By Region, 2017-2022 (US$ Mn)
TABLE 14 Global Boat Monitoring Market, by Others, By Region, 2023-2030 (US$ Mn)
TABLE 15 Global Boat Monitoring Market, by Boats, By Region, 2017-2022 (US$ Mn)
TABLE 16 Global Boat Monitoring Market, by Boats, By Region, 2023-2030 (US$ Mn)
TABLE 17 Global Boat Monitoring Market, by Yachts, By Region, 2017-2022 (US$ Mn)
TABLE 18 Global Boat Monitoring Market, by Yachts, By Region, 2023-2030 (US$ Mn)
TABLE 19 Global Boat Monitoring Market, by Others, By Region, 2017-2022 (US$ Mn)
TABLE 20 Global Boat Monitoring Market, by Others, By Region, 2023-2030 (US$ Mn)
TABLE 21 Global Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 22 Global Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 23 Global Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 24 Global Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 25 Global Boat Monitoring Market, by Region, 2017-2022 (US$ Mn)
TABLE 26 Global Boat Monitoring Market, by Region, 2023-2030 (US$ Mn)
TABLE 27 North America Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 28 North America Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 29 North America Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 30 North America Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 31 North America Boat Monitoring Market, by Country, 2017-2022 (US$ Mn)
TABLE 32 North America Boat Monitoring Market, by Country, 2023-2030 (US$ Mn)
TABLE 33 United States Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 34 United States Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 35 United States Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 36 United States Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 37 Canada Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 38 Canada Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 39 Canada Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 40 Canada Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 41 Mexico Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 42 Mexico Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 43 Mexico Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 44 Mexico Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 45 Europe Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 46 Europe Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 47 Europe Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 48 Europe Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 49 Europe Boat Monitoring Market, by Country, 2017-2022 (US$ Mn)
TABLE 50 Europe Boat Monitoring Market, by Country, 2023-2030 (US$ Mn)
TABLE 51 Germany Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 52 Germany Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 53 Germany Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 54 Germany Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 55 France Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 56 France Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 57 France Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 58 France Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 59 United Kingdom Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 60 United Kingdom Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 61 United Kingdom Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 62 United Kingdom Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 63 Italy Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 64 Italy Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 65 Italy Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 66 Italy Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 67 Spain Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 68 Spain Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 69 Spain Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 70 Spain Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 71 Rest of Europe Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 72 Rest of Europe Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 73 Rest of Europe Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 74 Rest of Europe Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 75 Asia Pacific Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 76 Asia Pacific Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 77 Asia Pacific Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 78 Asia Pacific Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 79 China Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 80 China Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 81 China Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 82 China Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 83 Japan Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 84 Japan Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 85 Japan Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 86 Japan Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 87 India Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 88 India Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 89 India Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 90 India Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 91 South Korea Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 92 South Korea Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 93 South Korea Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 94 South Korea Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 95 South-East Asia Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 96 South-East Asia Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 97 South-East Asia Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 98 South-East Asia Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 99 Rest of Asia Pacific Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 100 Rest of Asia Pacific Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 101 Rest of Asia Pacific Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 102 Rest of Asia Pacific Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 103 Latin America Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 104 Latin America Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 105 Latin America Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 106 Latin America Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 107 Brazil Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 108 Brazil Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 109 Brazil Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 110 Brazil Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 111 Argentina Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 112 Argentina Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 113 Argentina Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 114 Argentina Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 115 Rest of Latin America Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 116 Rest of Latin America Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 117 Rest of Latin America Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 118 Rest of Latin America Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 119 Middle East and Africa Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 120 Middle East and Africa Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 121 Middle East and Africa Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 122 Middle East and Africa Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 123 GCC Countries Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 124 GCC Countries Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 125 GCC Countries Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 126 GCC Countries Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 127 South Africa Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 128 South Africa Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 129 South Africa Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 130 South Africa Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)
TABLE 131 Rest of Middle East and Africa Boat Monitoring Market, by Monitoring System, 2017-2022 (US$ Mn)
TABLE 132 Rest of Middle East and Africa Boat Monitoring Market, by Monitoring System, 2023-2030 (US$ Mn)
TABLE 133 Rest of Middle East and Africa Boat Monitoring Market, by Application, 2017-2022 (US$ Mn)
TABLE 134 Rest of Middle East and Africa Boat Monitoring Market, by Application, 2023-2030 (US$ Mn)

Frequently Asked Questions

What is the current size of the global boat monitoring market?

The global boat monitoring market was valued at USD 435.1 Million in 2022.

What is the anticipated growth rate of the boat monitoring market between 2023 and 2030?

The boat monitoring market is anticipated to grow at a CAGR of 12.9% between 2023 and 2030, reaching USD 1017.29 Million in 2030.

Which segment is leading the market share in terms of monitoring systems?

Position & tracking is the leading segment by the monitoring system, holding over 40% share in terms of value in 2022.

Which application segment governs the global demand for boat monitoring?

The yachts segment governs the demand for boat monitoring worldwide, holding a massive share of over 52% in 2022.

Which monitoring system segment will post the highest CAGR during the forecast period?

The control system segment will post the highest CAGR in the projected period.

Which region is fuelling the growth of the boat monitoring industry?

Asia Pacific is fuelling the rapid growth of the boat monitoring industry, with an over one-third share in 2022.

Who are the major players in the global boat monitoring market?

The top players include Azimut-Benetti Group, Groupe Beneteau, GEM Elettronica, and Barnacle Systems. Other major players include Brunswick Corporation, Yamaha, Navis Elektronika, and Yacht Sentinel.

What are the major market drivers of the boat monitoring industry?

The major market drivers of the boat monitoring industry include increasing maritime safety regulations, growing concerns about vessel security, and the need for effective fleet management and operational efficiency.

What are the major market restraints of the boat monitoring industry?

The major market restraints of the boat monitoring industry include high implementation and maintenance costs, limited adoption among small-scale boat operators, and privacy concerns related to data monitoring and tracking.

What are the major market opportunities of the boat monitoring industry?

The major market opportunities in the boat monitoring industry are the growing demand for advanced vessel tracking and safety solutions, increasing focus on environmental sustainability in the maritime sector, and the emergence of integrated IoT and AI technologies for enhanced monitoring and operational efficiency.

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