NAICS Code 423860-18 - Nautical Instruments (Wholesale)

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NAICS Code 423860-18 Description (8-Digit)

Nautical Instruments (Wholesale) is a subdivision of the Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers industry. This industry involves the wholesale distribution of instruments and equipment used in nautical activities such as sailing, boating, and fishing. Nautical instruments are essential tools for navigation, communication, and safety at sea. Companies in this industry supply a range of products to retailers, boat builders, and other businesses involved in the nautical industry.

Hierarchy Navigation for NAICS Code 423860-18

Tools

Tools commonly used in the Nautical Instruments (Wholesale) industry for day-to-day tasks and operations.

  • Marine compasses
  • Sextants
  • Nautical charts
  • GPS devices
  • Marine binoculars
  • Marine radios
  • Marine depth sounders
  • Marine radar systems
  • Marine autopilots
  • Marine wind instruments
  • Marine speedometers
  • Marine thermometers
  • Marine barometers
  • Marine clocks and watches
  • Marine searchlights
  • Marine horns and whistles
  • Marine safety equipment
  • Marine anchors and chains
  • Marine ropes and lines

Industry Examples of Nautical Instruments (Wholesale)

Common products and services typical of NAICS Code 423860-18, illustrating the main business activities and contributions to the market.

  • Marine equipment suppliers
  • Boating and sailing retailers
  • Fishing equipment suppliers
  • Yacht builders
  • Marine electronics distributors
  • Marine safety equipment wholesalers
  • Nautical chart distributors
  • Marine navigation equipment suppliers
  • Marine communication equipment suppliers
  • Marine instrument manufacturers

Certifications, Compliance and Licenses for NAICS Code 423860-18 - Nautical Instruments (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • National Marine Electronics Association (NMEA) Certification: This certification is required for technicians who install and service marine electronics. It ensures that the technician has the necessary knowledge and skills to perform the job safely and effectively. The certification is provided by the National Marine Electronics Association (NMEA).
  • Federal Communications Commission (FCC) License: This license is required for anyone who operates a marine radio. It ensures that the operator has the necessary knowledge to operate the radio safely and effectively. The license is provided by the Federal Communications Commission (FCC).
  • National Association Of Marine Surveyors (NAMS) Certification: This certification is required for marine surveyors who inspect boats and other vessels. It ensures that the surveyor has the necessary knowledge and skills to perform the job safely and effectively. The certification is provided by the National Association of Marine Surveyors (NAMS).
  • American Boat and Yacht Council (ABYC) Certification: This certification is required for technicians who work on boats and other vessels. It ensures that the technician has the necessary knowledge and skills to perform the job safely and effectively. The certification is provided by the American Boat and Yacht Council (ABYC).
  • United States Coast Guard (USCG) License: This license is required for anyone who operates a commercial vessel. It ensures that the operator has the necessary knowledge and skills to operate the vessel safely and effectively. The license is provided by the United States Coast Guard (USCG).

History

A concise historical narrative of NAICS Code 423860-18 covering global milestones and recent developments within the United States.

  • The nautical instruments industry has a long history dating back to the early days of seafaring. The first navigational instruments were simple devices like the astrolabe and compass, which were used to determine a ship's position and direction. Over time, these instruments became more sophisticated, with the introduction of the sextant, chronometer, and other devices. In the 20th century, electronic instruments like radar, sonar, and GPS revolutionized the industry, making navigation safer and more accurate. In recent years, the industry has seen a trend towards more compact and portable instruments, as well as increased use of automation and digital technology. In the United States, the nautical instruments industry has a rich history, with many notable companies and innovations. One of the most famous American nautical instrument makers is the Sextant Group, which was founded in 1946 and produced high-quality sextants and other instruments for the US Navy and other customers. In the 1960s and 70s, the industry saw a boom in demand for electronic instruments, with companies like Raytheon and Sperry Rand leading the way. Today, the industry continues to evolve, with a focus on innovation and sustainability.

Future Outlook for Nautical Instruments (Wholesale)

The anticipated future trajectory of the NAICS 423860-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Nautical Instruments (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for nautical instruments in the marine industry. The growth of the marine industry, including the shipping and boating sectors, is expected to drive the demand for nautical instruments. Additionally, the increasing popularity of recreational boating is expected to contribute to the growth of the industry. The industry is also expected to benefit from the increasing adoption of advanced technologies, such as GPS and radar systems, in the marine industry. However, the industry may face challenges due to the increasing competition from online retailers and the rising prices of raw materials. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423860-18

Recent groundbreaking advancements and milestones in the Nautical Instruments (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Navigation Systems: These systems use advanced technologies, such as GPS and radar, to provide real-time information about the vessel's location, speed, and direction. They also provide information about the weather, tides, and other navigational hazards. Smart navigation systems are becoming increasingly popular in the marine industry due to their accuracy and reliability.
  • Wireless Communication Systems: These systems allow the crew members to communicate with each other and with the shore using wireless devices, such as smartphones and tablets. They also allow the crew members to access real-time information about the vessel's status, such as fuel levels and engine performance. Wireless communication systems are becoming increasingly popular in the marine industry due to their convenience and efficiency.
  • Advanced Sonar Systems: These systems use advanced technologies, such as 3D imaging and underwater mapping, to provide detailed information about the underwater environment. They are used for a variety of applications, such as fish finding, underwater exploration, and search and rescue operations. Advanced sonar systems are becoming increasingly popular in the marine industry due to their accuracy and versatility.
  • Eco-Friendly Instruments: These instruments are designed to minimize the environmental impact of the vessel by reducing fuel consumption and emissions. They include eco-friendly engines, propellers, and navigation systems. Eco-friendly instruments are becoming increasingly popular in the marine industry due to the growing concern about the environment.
  • Advanced Weather Monitoring Systems: These systems use advanced technologies, such as satellite imaging and weather modeling, to provide real-time information about the weather conditions. They are used for a variety of applications, such as route planning, weather forecasting, and storm tracking. Advanced weather monitoring systems are becoming increasingly popular in the marine industry due to their accuracy and reliability.

NAICS Code 423860-18 - Nautical Instruments (Wholesale)

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