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Global Marine Wind Sensor Market 2017-2021

Global Marine Wind Sensor Market 2017-2021

About Marine Wind Sensor

A marine wind sensor is a vital component of a boat. Most of the powerboats are equipped with a wind sensor, whereas yachts are generally equipped with multiple wind sensors to measure the wind speed and direction accurately.

Technavio’s analysts forecast the global marine wind sensor market to grow at a CAGR of 3.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine wind sensor market for 2017-2021. To calculate the market size, the report presents the sales volume of marine wind sensors in different regions.

The market is divided into the following segments based on geography:

  • Europe
  • ROW
  • US
Technavio's report, Global Marine Wind Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Garmin
  • Gill Instruments
  • Renewable NRG System
Other prominent vendors
  • Biral
  • LAMBRECHT meteo
  • Thies Clima
  • Vaisala
Market driver
  • Growth of boating industry is leading to higher sales of powerboats
  • For a full, detailed list, view our report
Market challenge
  • Increasing sales of pre-owned boats is acting as a barrier to new boat sales
  • For a full, detailed list, view our report
Market trend
  • Increase in the preference for ultrasonic wind sensors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Wind Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine wind sensor market: Garmin, Gill Instruments and Renewable NRG System.

Other Prominent Vendors in the market are: Biral, LAMBRECHT meteo, Thies Clima and Vaisala.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in the preference for ultrasonic wind sensors. There has been growing trend where cup or vane wind sensors in powerboats are being replaced by ultrasonic wind sensors. Ultrasonic wind sensors measure the speed of wind using high-frequency sound waves, even above the range a human ear can hear.”

According to the report, one driver in the market is growth of boating industry is leading to higher sales of powerboats. The sales of powerboats in the US increased by about 8.26% in 2015, whereas the sales of powerboats in 2016 increased by about 9.26% compared with the previous year. Wakeboards, personal watercraft, ski boats, aluminum fishing boats, fiberglass, pontoon boats, and runabouts accounted for the majority of the powerboat sales in the US.

Further, the report states that one challenge in the market is increasing sales of pre-owned boats is acting as a barrier to new boat sales. Pre-owned boats are preferred by young customers as new boats are usually expensive. The pre-owned boat market in the US is growing at a faster rate than the new boat market. The rise in the sales of pre-owned boats poses a serious challenge for the new boat sales. In addition, the market for pre-owned boats is becoming more organized, leading to a challenge for the marine wind sensor market.



Companies Mentioned

Garmin, Gill Instruments, Renewable NRG System, Biral, LAMBRECHT meteo, Thies Clima and Vaisala.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Different types of marine wind sensors
    • Product life cycle
      • Table Product life cycle of marine wind sensors
  • Market landscape
    • Market overview
      • Table Overview of global marine wind sensor market
    • Market size and forecast
      • Table Global marine wind sensor market 2016-2021 (units in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global marine wind sensor market by application
      • Table Global marine wind sensor market by application 2016 (% share)
      • Table Global marine wind sensor market by application 2021 (% share)
    • Global marine wind sensor market by powerboats
      • Table Global marine wind sensors market by powerboats: Segmentation by engine type 2016 (% share)
      • Table Global marine wind sensor market by powerboats 2016-2021 (units in thousands)
      • Table Global marine wind sensor market by powerboats equipped with inboard engines: Segmentation by region 2016-2021 (units in thousands)
      • Table Global marine wind sensor market by powerboats equipped with outboard engines: Segmentation by region 2016-2021 (units in thousands)
    • Global marine wind sensor market by yachts
      • Table Global marine wind sensor market by yachts 2016-2021 (units in thousands)
      • Table Global marine wind sensor market by yacht: Segmentation by region 2016-2021 (units in thousands)
  • Geographical segmentation
    • Global marine wind sensor market by geography
      • Table Global marine wind sensor market by geography 2016 and 2021
    • Global marine wind sensor market in US
      • Table Global marine wind sensor market in US 2016-2021 (units in thousands)
    • Global marine wind sensor market in Europe
      • Table Global marine wind sensor market in Europe 2016-2021 (units in thousands)
    • Global marine wind sensor market in ROW
      • Table Global marine wind sensor market in ROW 2016-2021 (units in thousands)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table US GDP 2006-2016 (in $ trillions)
      • Table GDP of European Union 2006-2016 (in $ trillions)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Percentage of population in US above 65 years of age, 2008-2016
    • Impact of challenge on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increase in the preference for ultrasonic wind sensors
    • Increased use of advanced automotive technologies in boats
    • Increase in the popularity of pontoon boats
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Garmin
      • Table Garmin: Product portfolio in wind sensors
      • Table Garmin: Business segmentation by revenue 2015 (% share)
      • Table Garmin: Revenue from marine business segment 2013-2015 (units in millions)
      • Table Garmin: Recent developments
    • Gill Instruments
      • Table Gill Instruments: Product portfolio in wind sensors
      • Table Gill Instruments: Recent developments
    • Renewable NRG System
      • Table Renewable NRG System: Product portfolio
      • Table Renewable NRG System: Product portfolio in wind sensors
      • Table Renewable NRG System: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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