The global boat speedometer market is forecast to reach US$ 558.2 million by 2030, with a growing compound annual growth rate (CAGR) of 4.3% during the forecast period from 2021-2030. The global boat speedometer market value was US$353 million in 2020.

Boat speedometers are essential for measuring the speed of boats on the water surface. They are also known as pitometer logs. Boat speedometers come in analog and digital displays. Depending on the model, it can come with either a pilot tube or GPS gauge. Yachts, dinghies, sailboats, and keelboats use boat speedometers heavily. In various countries around the world, tourists participate in sailboat tourism. Boat speedometers are an essential component of sailboats and jetboats for determining a boat's speed.

Factors Influencing the Market Growth

Sailboats are adopting tachometers, pitometers, and digital displays in order to prevent collisions and stabilize their balance. The increasing number of dinghies, boats, yachts, and ships equipped with GPS speedometers drives the growth of the global boat speedometer market.
The rise in spending on boating and racing activities drives the market growth for boat speedometers.
Price fluctuations in raw materials and availability of substitutes, such as impeller logs and propeller logs, are expected to restrain the growth of the global boat speedometer market.
Globally, water sports activities are forecast to rise, which will provide opportunities for growth for the global boat speedometer market.
Impact Analysis of COVID-19

In response to the COVID 19 outbreak, the boat speedometer industry has suffered a setback due to lockdown measures in various countries and a delay in production and manufacturing of the wide variety of boat speedometers used in sailboats, motorboats, and sailing yachts.

Regional Analysis

Globally, Europe held the largest share of the boat speedometer market and is forecast to maintain its dominant position over the forecast period. As the boating industry in France develops rapidly, it is likely to drive the demand for boat speedometers in boats and sailboats, which anticipates fueling the market growth in Europe.

Additionally, Asia Pacific will grow at a significant growth rate during the forecast period. The increasing demand for jet boats, sailboats, and motorboats is likely to cause a spurt in the market for boat speedometers in this region.

Leading Competitors

The global leading companies profiled in the global boat speedometer market are:

Actisense
Autometer Products
Beede Electrical Instrument
Compx International Inc (Livorsi Marine Inc)
Cruzpro Limited
Dotando
Faria Beede Instruments, Inc
Flir Systems Inc (Raymarine Plc)
Gaffrig Performance Inc
Nasa Marine Ltd
nKe Marine Electronics
Raymarine plc
San Giorgio S.E.I.N srl
Simrad Yachting
Tecnautic
Veethree Group
Velocitek, LLC
Wema System
Other Prominent Players
Scope of the Report

The global boat speedometer market segmentation focuses on Application, Type, Distribution Channel, and Region.

Segmentation based on Application

Motor Boats
Sailboats
Yachts
Others
Segmentation based on Type

Analog
Digital
Segmentation based on Distribution Channel

Offline
Online
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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