Market Overview:
The global marine autopilots market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for maritime transportation, rising awareness about safety and security measures in marine transportation, and technological advancements in autopilot systems. Based on type, the global marine autopilots market is segmented into hydraulic, electronic, and pneumatic autopilot systems. The hydraulic autopilot system segment is expected to hold the largest share of the global marine autopilots market during the forecast period owing to its high reliability and low maintenance requirements. Based on application, the global marine autopilots market is segmented into passenger ships, cargo ships, sailboats fishing boats warships other applications). Passenger ship segments are projected to witness highest growth rate over next 10 years due increase maritime tourism across globe .
Product Definition:
Marine autopilots are used to navigate boats and ships. They are important because they help keep boats on course, which can be especially important in rough weather or when traveling through difficult waterways.
Hydraulic:
Hydraulic is the force that is generated when a liquid is applied at constant pressure on the surface of an object. In other words, hydraulic means “liquid applied pressure”. The word comes from the Greek word "hydro", which means water. When we talk about hydraulic systems in an automobile, it generally refers to systems that are used for steering and suspension purposes; i.e.
Electronic:
Electronic is the part of technology that involves electrical circuits and associated devices. It's usage in marine autopilots has been growing rapidly as it helps to increase safety, enhance efficiency and comfort, and help to reduce human errors. Electronic controls are used in various applications such as engine control systems, navigation systems, communication systems etc.
Application Insights:
The passenger ship application segment led the market and accounted for more than 40.0% share of the global revenue in 2017 owing to increasing demand from cruise liners for marine autopilots with enhanced features, such as advanced maneuvering capabilities and increased safety equipment. The growing trend of cruising has resulted in an increase in passenger ships on scheduled cruises as well as on-call charters, thereby augmenting product demand over the forecast period.
Cargo ships are expected to be among fastest-growing segments during the forecast period due to rising demand from bulk carriers for improved maneuverability while loading and unloading cargo at port facilities. Furthermore, these vessels also require autonomous navigation systems that can help avoid collisions at sea by providing a digital map display along with a radar system that provides accurate range measurements and vessel position information toward avoiding obstacles during cargo operations at sea. These factors are anticipated to drive product adoption across various types of cargo ships over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the forecast period. This growth can be attributed to increasing maritime trade activities, especially across Southeast Asian countries such as Indonesia, Malaysia, Thailand, Vietnam among others. Increasing demand for passenger ships from developing economies such as China and India coupled with rising investments by various governments in these countries are some factors that are projected to drive regional growth during the forecast period.
Europe was valued at USD X billion in 2017 owing to growing marine transportation activities across European countries including Germany, Italy among others which are major consumers of marine autopilots worldwide due to their well-established shipbuilding sector along with advanced technology adoption rate higher than other regions globally making it one of the most attractive markets globally for industry players seeking high growth potential through expansion or joint ventures etc.).
Growth Factors:
- Increasing demand for marine autopilots from the commercial shipping sector as a result of the need to improve safety and efficiency at sea.
- The increasing popularity of recreational sailing, which is driving demand for marine autopilots from the leisure boating market.
- The development of new and more advanced autopilot technologies that can provide greater levels of accuracy and reliability.
- Growing awareness among boat owners about the benefits of using marine autopilots, which is helping to boost sales growth in this market segment.
- The increasing number of regulations governing maritime safety, which are encouraging boat owners to invest in marine autopilots as a way to ensure compliance with these regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Autopilots Market Research Report
By Type
Hydraulic, Electronic, Pneumatic
By Application
Passenger Ship, Cargo Ship, Sailboat, Fishing Ship, Warship, Other
By Companies
Garmin, Simrad, Raymarine, SI-TEX Marine Electronics, FURUNO ELECTRIC, Lowrance, Intellisteer, B&G, FLIR, Volvo Penta
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Marine Autopilots Market Report Segments:
The global Marine Autopilots market is segmented on the basis of:
Types
Hydraulic, Electronic, Pneumatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Ship, Cargo Ship, Sailboat, Fishing Ship, Warship, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garmin
- Simrad
- Raymarine
- SI-TEX Marine Electronics
- FURUNO ELECTRIC
- Lowrance
- Intellisteer
- B&G
- FLIR
- Volvo Penta
Highlights of The Marine Autopilots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydraulic
- Electronic
- Pneumatic
- By Application:
- Passenger Ship
- Cargo Ship
- Sailboat
- Fishing Ship
- Warship
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Autopilots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine autopilots are a type of aircraft automation system that helps pilots fly planes by controlling the aircraft's engines and flight controls.
Some of the major players in the marine autopilots market are Garmin, Simrad, Raymarine, SI-TEX Marine Electronics, FURUNO ELECTRIC, Lowrance, Intellisteer, B&G, FLIR, Volvo Penta.
The marine autopilots market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Autopilots Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Autopilots Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Autopilots Market - Supply Chain
4.5. Global Marine Autopilots Market Forecast
4.5.1. Marine Autopilots Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Autopilots Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Autopilots Market Absolute $ Opportunity
5. Global Marine Autopilots Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Autopilots Market Size and Volume Forecast by Type
5.3.1. Hydraulic
5.3.2. Electronic
5.3.3. Pneumatic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Autopilots Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Autopilots Market Size and Volume Forecast by Application
6.3.1. Passenger Ship
6.3.2. Cargo Ship
6.3.3. Sailboat
6.3.4. Fishing Ship
6.3.5. Warship
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Autopilots Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Autopilots Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Autopilots Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Autopilots Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Autopilots Demand Share Forecast, 2019-2026
9. North America Marine Autopilots Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Autopilots Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Autopilots Market Size and Volume Forecast by Application
9.4.1. Passenger Ship
9.4.2. Cargo Ship
9.4.3. Sailboat
9.4.4. Fishing Ship
9.4.5. Warship
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Autopilots Market Size and Volume Forecast by Type
9.7.1. Hydraulic
9.7.2. Electronic
9.7.3. Pneumatic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Autopilots Demand Share Forecast, 2019-2026
10. Latin America Marine Autopilots Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Autopilots Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Autopilots Market Size and Volume Forecast by Application
10.4.1. Passenger Ship
10.4.2. Cargo Ship
10.4.3. Sailboat
10.4.4. Fishing Ship
10.4.5. Warship
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Autopilots Market Size and Volume Forecast by Type
10.7.1. Hydraulic
10.7.2. Electronic
10.7.3. Pneumatic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Autopilots Demand Share Forecast, 2019-2026
11. Europe Marine Autopilots Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Autopilots Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Autopilots Market Size and Volume Forecast by Application
11.4.1. Passenger Ship
11.4.2. Cargo Ship
11.4.3. Sailboat
11.4.4. Fishing Ship
11.4.5. Warship
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Autopilots Market Size and Volume Forecast by Type
11.7.1. Hydraulic
11.7.2. Electronic
11.7.3. Pneumatic
11.8. Basis Point Share (BPS) Analyss by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Autopilots Demand Share, 2019-2026
12. Asia Pacific Marine Autopilots Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Autopilots Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Autopilots Market Size and Volume Forecast by Application
12.4.1. Passenger Ship
12.4.2. Cargo Ship
12.4.3. Sailboat
12.4.4. Fishing Ship
12.4.5. Warship
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Autopilots Market Size and Volume Forecast by Type
12.7.1. Hydraulic
12.7.2. Electronic
12.7.3. Pneumatic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Autopilots Demand Share, 2019-2026
13. Middle East & Africa Marine Autopilots Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Autopilots Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Autopilots Market Size and Volume Forecast by Application
13.4.1. Passenger Ship
13.4.2. Cargo Ship
13.4.3. Sailboat
13.4.4. Fishing Ship
13.4.5. Warship
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Autopilots Market Size and Volume Forecast by Type
13.7.1. Hydraulic
13.7.2. Electronic
13.7.3. Pneumatic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Autopilots Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Autopilots Market: Market Share Analysis
14.2. Marine Autopilots Distributors and Customers
14.3. Marine Autopilots Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Garmin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Simrad
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raymarine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SI-TEX Marine Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FURUNO ELECTRIC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lowrance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Intellisteer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. B&G
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FLIR
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Volvo Penta
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
