Yacht Market Top Key Players – Sunreef, Sunseeker, Pershing, Azimut-Benetti, Jeanneau, Benetau, Princess, Bavaria, Lagoon, Falcon, Riva, Ferreti, Sea Ray, Fountaine Pajot, Cranchi, Custom, Bayliner

The global yacht market size is estimated at $XX Billion in 2020 growing at XX% CAGR till 2026. The global outbreak of corona-19 (COVID19) infectious disease has had a major impact on the travel and yacht Market, especially the yacht charter market, which has been disrupted by the spread of COVID-19.

With lightweight, recyclable interiors, eco-friendly epoxy or propelling electric hybrids, the global trend is towards a sustainable mode of maritime transport, even on cruise ships.

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YACHT MARKET DYNAMICS

• The onboard security system and maritime sunlight and thermal imaging cameras operated independently for some time. Through these systems, the owner can not only integrate the camera with the onboard alarm, but also control and manage it via a multifunction display, app or dedicated aperture screen. When the yacht is connected to the internet, users can't take their eyes off even from a distance. Also, depending on the model, the user can record the camera's video stream locally.

• The Cellular Support Security System can alert the crew of today's yachts to intruders, and the onboard camera can simplify docking to a steering device with a hidden field of view.

• The anti-collision system uses sunlight and thermal imaging cameras, artificial intelligence, deep learning and machine vision to provide seafarers with sufficient time to recognize navigation hazards and correct their course. Developed for Some systems automatically control the boat's autopilot to change paths.

YACHT MARKET SEGMENTATION

By Yacht Type
• Cruiser Motor yacht
• Sailing yacht (Including catamaran)
• Fishing yacht
• Megayacht

By Yacht Length
• 30ft-50ft
• 50ft-80ft
• Superyacht (More than 24M/80ft in length)

By Region
• US
• Canada
• Europe
• Australia
• ROW

DEVELOPMENTS IN ELECTRIC YACHT MARKET

• There is a growing demand for day boating experiences. The Mireniaru generation loves going out 3-4 hours on the weekend with friends and family and doesn't sleep well on the boat. The electric yacht market is likely to expand in the next few years as the Mireniaru generation also prefers products that are environmentally friendly and emit low carbon dioxide.

• The Sunreef 80 Eco is powered by two energy-efficient 180kW electric motors or wind power. At sea, the vessel employs an advanced hydroelectric power system to actually recover energy from the rotation of the propellers. The most innovative feature is the ship's sun skin.

• This PV system can be seen to integrate the world's lightest solar cells into the superstructure, bimini and carbon mast on the sides of the hull. The skin, which covers an entire surface of approximately 1,600 square feet, produces up to 34kWp of clean energy and is stored in a customized lithium battery.

COMPETITIVE LANDSCAPE

• Based in Italy, the Ferretti Group is one of the largest manufacturers in the luxury yacht market with over 170 years of history, with eight brands, six shipyards and yachts between 8m and 95m.

• Over the next decade, the market is steadily increasing the use of 3D printing in boat drying. This technology, already used for custom parts, can be used to create hulls and decks. The surrounding natural fiber skin-printed construction eliminates the need for wasted molds.

COMPANY PROFILES
• Sunreef
• Sunseeker
• Pershing
• Azimut-Benetti
• Jeanneau
• Benetau
• Princess
• Bavaria
• Lagoon
• Falcon
• Riva
• Ferreti
• Sea Ray
• Fountaine Pajot
• Cranchi
• Custom
• Bayliner
• Monte Carlo Yachts
• Greenline yachts
• Oyster

Read More Information: https://mobilityforesights.com/product/yacht-market/

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Contact Person: Kunal Roy
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This release was published on openPR.