Market Overview:
The global Fishfinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for fish and seafood, rising awareness about the benefits of consuming fish, and technological advancements in fishing gear. The global Fishfinders market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into portable and fixed Fishfinders. The portable Fishfinder segment is expected to grow at a higher CAGR than that of fixed Fishfinder during the forecast period owing to its features such as easy portability and low price point. On the basis of application, it is divided into recreational fishing and commercial fishing segments. The recreational fishing segment dominates this market owing to increased spending by consumers on leisure activities coupled with growing popularity of angling as a hobby across regions worldwide.
Product Definition:
A fishfinder is a device used to locate fish underwater. Fishfinders use sonar to detect the location of schools of fish and display the information on a screen. The importance of Fishfinders is that they allow fishermen to find and catch more fish.
Portable:
Portable fish finders are electronic devices used for helping boaters and anglers to locate objects underwater. They can be either battery-powered or solar-powered. The product is witnessing a high growth rate owing to the growing popularity of recreational fishing, as well as increasing demand for marine life conservation across various regions including Europe, North America, and Asia Pacific.
Fixed:
The fixed is a device used in fishfinders to help the operator to find objects by directing sound waves towards the object. It works on the principle of detecting and locating objects by using their acoustic properties. The main function of a fishfinder is to produce an image or receive radio signals from satellites and direct them towards the transducer which converts them into audio frequencies that are then played back for finding targets.
Application Insights:
The recreational fishing segment dominated the global fishfinders market in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030. Increasing disposable income, coupled with rising spending on sports activities such as golf, skiing and surfing has led to an increase in demand for fish finders among recreational fishermen. Furthermore, governments have implemented various schemes encouraging people to participate in outdoor activities such as hiking and camping which has further driven the growth of this application segment.
Commercial fishing was the second largest application segment accounting for 39% share of the overall revenue in 2017 owing to increasing utilization of electronic equipment by commercial fishermen along with growing emphasis on improving their productivity through advanced technology products that aid them achieve their goals more efficiently while saving time or labor involved.
Regional Analysis:
North America dominated the global fishfinders market in 2017. The region is expected to maintain its position during the forecast period owing to high disposable income of consumers and increased adoption of recreational fishing as a hobby. Furthermore, increasing demand for seafood products has led to an increase in demand for fishfinder technologies such as sonar and radar systems that help fishermen find schools or shoals of fishes easier underwater.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income, growing population, and improved standard of living especially among middle-class groups in countries including China, India, Thailand Philippines Singapore Indonesia Malaysia Vietnam South Korea Sri Lanka Bangladesh & Maldives.
Growth Factors:
- Increasing demand for seafood products: The global population is growing and so is the demand for seafood products. Fishfinders help fishermen locate fish in the sea, making it easier to catch them. This increases the efficiency of fishing and helps meet the increasing demand for seafood products.
- Technological advancements: Fishfinders are becoming more sophisticated with each passing day, thanks to technological advancements. They are now equipped with features such as GPS tracking, sonar imaging, and mapping capabilities that make them more efficient and accurate in locating fish underwater. This has led to an increase in their adoption by fishermen worldwide.
- Government initiatives supporting sustainable fishing practices: Governments around the world are promoting sustainable fishing practices through initiatives such as subsidies and regulations on catches per vessel/per day etcetera . These measures have helped reduce overfishing of certain species of fish, which has led to a resurgence in their populations in recent years . Fishfinders that help fishermen adhere to these regulations stand to benefit from this trend..
Scope Of The Report
Report Attributes
Report Details
Report Title
Fishfinders Market Research Report
By Type
Portable, Fixed
By Application
Recreational Fishing, Commercial Fishing
By Companies
Humminbird, Furuno, Navico, Raymarine, Garmin, Hule, Deeper, Samyung ENC, Norcross Marine Products, GME
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Fishfinders Market Report Segments:
The global Fishfinders market is segmented on the basis of:
Types
Portable, Fixed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Recreational Fishing, Commercial Fishing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Humminbird
- Furuno
- Navico
- Raymarine
- Garmin
- Hule
- Deeper
- Samyung ENC
- Norcross Marine Products
- GME
Highlights of The Fishfinders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable
- Fixed
- By Application:
- Recreational Fishing
- Commercial Fishing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fishfinders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fishfinders is a global technology company that provides innovative marine navigation and search solutions. Fishfinders' products are used by commercial fishermen, recreational anglers, military personnel, and others who rely on accurate navigation to find their way in the water.
Some of the major companies in the fishfinders market are Humminbird, Furuno, Navico, Raymarine, Garmin, Hule, Deeper, Samyung ENC, Norcross Marine Products, GME.
The fishfinders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fishfinders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fishfinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fishfinders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fishfinders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fishfinders Market Size & Forecast, 2020-2028
4.5.1 Fishfinders Market Size and Y-o-Y Growth
4.5.2 Fishfinders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable
5.2.2 Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Recreational Fishing
6.2.2 Commercial Fishing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fishfinders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fishfinders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable
9.6.2 Fixed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Recreational Fishing
9.10.2 Commercial Fishing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable
10.6.2 Fixed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Recreational Fishing
10.10.2 Commercial Fishing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable
11.6.2 Fixed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Recreational Fishing
11.10.2 Commercial Fishing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable
12.6.2 Fixed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Recreational Fishing
12.10.2 Commercial Fishing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable
13.6.2 Fixed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Recreational Fishing
13.10.2 Commercial Fishing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fishfinders Market: Competitive Dashboard
14.2 Global Fishfinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Humminbird
14.3.2 Furuno
14.3.3 Navico
14.3.4 Raymarine
14.3.5 Garmin
14.3.6 Hule
14.3.7 Deeper
14.3.8 Samyung ENC
14.3.9 Norcross Marine Products
14.3.10 GME
