$ 558.5 Million Boat Speedometer Market By 2030 | By type, application
Increasing demand for sailboats, tachometer and odometer demand is expected to increase during the forecast period.
PORTLAND, OR, UNITED STATES, November 1, 2021 /EINPresswire.com/ – Boat speedometer The products are widely used in marine, boats, ships, sailboats and yachts. A boat speedometer is a device used to measure the speed of a boat in relation to water. The boat speedometer is used on submarines and surface boats. The boat speedometer is available in two display modes, analog display and digital display.
The global marine speedometer market was valued at $ 353.3 million in 2020 and is expected to reach $ 558.5 million by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
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The increase in disposable income of the population coupled with the increase in spending on tourism activities is driving the demand for boat speedometers in sailboats and keelboats, leading to the growth of the global market for boat speedometers. For example, the disposable income of Spain registered a growth of 5.9% from 2017 to 2020. The increasing trend of boating across the world is expected to drive the growth of the speedometer market for boats. The boat speedometer is capable of operating with 12V or 24V on all types of boats, which helps to maintain the control and speed of boats and sailboats, thus fueling the growth of the boat speedometer market.
The increase in maritime trade is increasing the demand for ship and yacht systems, which is expected to contribute to the growth of the global marine speedometer market. Pressure gauges, voltmeters, pitometer, tachometer and GPS speedometer are some of the boat speedometer products available in the market which have been widely adopted in boat and yacht systems to maintain the speed of boats and keelboats. .
Key players featured in this report include Faria Beede Instruments, Inc, Veethree Group, Flir Systems Inc (Raymarine Plc), Nasa Marine Ltd, Gaffrig Performance Inc Cruzpro Limited, Autometer Products, Compx International Inc (Livorsi Marine Inc), nKe Marine Electronics , and SAN GIORGIO SEIN srl.
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Key market segments
Sailboats / Yachts
By distribution channel
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