Stratview Research has published a new report on the Wind Vane Sensors Market, segmented by Type (Wired Type, Wireless Type), Application (Passenger Vessels, Cargo Vessels, Naval Vessels, Fishing Vessels, Scientific Research Ships, Other), and Region – COVID-19 Impact Analysis and Forecast to 2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
The growth of the wind vane sensors market is primarily driven by widespread use in applications including passenger vessels, cargo vessels, and fishing vessels among others. Growing international maritime trade with expanding industrialization in the developing countries is likely to drive the growth of the global wind vane sensors market at a significant rate during the review period. In addition to this, increasing demand for advanced wind vane sensors is likely to create lucrative opportunities for the players operating in the global market in the coming years.
COVID-19 Impact on Wind Vane Sensors Market
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the wind vane sensors market negatively as the imposition of complete lockdown and restrictions on trade affected the supply and demand of the product for a short period.
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This report studies the Wind Vane Sensors Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
By application, the wind vane sensors market has been bifurcated into passenger vessels, cargo vessels, naval vessels, fishing vessels, scientific research ships, and others. Under these, the cargo vessels segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to increasing maritime trade coupled with expanding industrialization in developing countries, particularly China and India countries. The market growth in the North American region is expected to be driven by increasing demand for advanced wind vane sensors.
Following are the key players in the Wind Vane Sensors Market:
- CJ Capteurs (France)
- Skyview systems (UK)
- Gill Instruments Pvt. Ltd. (India)
- Instromet Weather Systems Ltd (UK)
- Cassens & Plath GmbH (Germany)
- Veinland GmbH (Germany)
- Garmin Ltd. (US)
- Cruzpro Limited (New Zealand)
- Tecnautic GmbH (Switzerland)
- Simrad Yachting (Norway)
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