Market Overview:
The global fishing sonar 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 seafood, rising awareness about the benefits of using sonars for fishing, and technological advancements in sonar technology. The global fishing sonar market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into digital sonar, imaging sonar, and othersonars. Imaging sonars are further sub-segmented into forward-looking imaging (FLI)sonarsandside scanningimaging (SSI)sonars.
Product Definition:
Sonar used in fishing is a technology that uses sound waves to determine the location, size and shape of objects under water. Fishing sonar is important because it allows fishermen to find fish more easily and track their movements.
Digital Sonar:
Digital sonar is a term used for underwater sound technology. It's an advanced form of Sonar which helps in detecting objects under water by generating and sending out ultrasonic pulses and receiving the echo responses. The main advantage of using digital sonar over conventional methods is that it can detect objects even if they are slightly below the surface of water.
Imaging Sonar:
Imaging sonar is a technology that uses sound waves to create images of objects in the water. It works by sending out pulses of sound and measuring the time it takes for them to return. By using this method, an image can be created from different angles and distances with high accuracy.
The major advantage of imaging sonar is that it does not require special equipment or a diver; instead, all the equipment needed are present on board ship (fishing vessel).
Application Insights:
The offshore/coastal application segment led the global fishing sonar market in 2017. This is attributed to the growing importance of deep-sea resources for commercial fisheries and increasing demand for seafood. Furthermore, technological advancements in acoustic instruments have enabled their use on large scales at sea, which has further propelled their demand from this segment. For instance, active denial system (ADS) uses multi-beam technology to track targets and avoid collision with them by providing a warning beep every time a vessel approaches the area where there are fish schools or concentrations of marine life near the seabed.
The freshwater/coastal application segment is expected to witness significant growth over the forecast period owing to rising environmental concerns regarding overfishing of freshwater sources such as lakes and reservoirs across various regions including North America and Europe coupled with government initiatives aimed at protecting these aquatic systems from depletion.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to technological advancements and high adoption rate of such systems. Moreover, rising offshore oil & gas exploration activities are anticipated to drive regional growth over the forecast period.
The Asia Pacific regional market is projected to grow at a significant pace during the forecast years due to increasing government initiatives for marine resource development and infrastructure expansion along coastal areas, which would subsequently boost demand for fishing equipment including sonar systems in this region. Furthermore, growing demand from developing countries such as China and India may further propel industry growth during the estimated time span.
Growth Factors:
- Increasing demand for seafood products is expected to drive the fishing sonar market growth over the forecast period.
- Growing popularity of recreational fishing is also anticipated to boost the demand for fishing sonars in near future.
- Proliferation of smartphones and other portable devices has led to increasing adoption of sonar technology among fishermen, which is likely to propel market growth during forecast period.
- Technological advancements in fishing sonars are projected to create new opportunities for this market over the next few years. 5 Emerging economies such as China and India are expected to offer lucrative opportunities for Fishing Sonar manufacturers in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Fishing Sonar Market Research Report
By Type
Digital Sonar, Imaging Sonar, Other
By Application
Offshore/Coastal, Freshwater/Coastal, Game
By Companies
Furuno, Humminbird, Navico, Raymarine, Garmin, Deeper, Norcross Marine Products, Japan Radio Company
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Fishing Sonar Market Report Segments:
The global Fishing Sonar market is segmented on the basis of:
Types
Digital Sonar, Imaging Sonar, Other
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
Offshore/Coastal, Freshwater/Coastal, Game
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:
- Furuno
- Humminbird
- Navico
- Raymarine
- Garmin
- Deeper
- Norcross Marine Products
- Japan Radio Company
Highlights of The Fishing Sonar 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:
- Digital Sonar
- Imaging Sonar
- Other
- By Application:
- Offshore/Coastal
- Freshwater/Coastal
- Game
- 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 Fishing Sonar 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?
Fishing sonar is a type of acoustic technology that can be used to locate and track fish in water. It emits sound waves that travel through the water and are reflected back by objects in the vicinity, such as fish. By analyzing these reflections, fishing sonar systems can determine the location, size, and movement of nearby fish.
Some of the major companies in the fishing sonar market are Furuno, Humminbird, Navico, Raymarine, Garmin, Deeper, Norcross Marine Products, Japan Radio Company.
The fishing sonar 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 Fishing Sonar 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 Fishing Sonar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fishing Sonar 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 Fishing Sonar 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 Fishing Sonar Market Size & Forecast, 2018-2028
4.5.1 Fishing Sonar Market Size and Y-o-Y Growth
4.5.2 Fishing Sonar Market Absolute $ Opportunity
Chapter 5 Global Fishing Sonar 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 Fishing Sonar Market Size Forecast by Type
5.2.1 Digital Sonar
5.2.2 Imaging Sonar
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fishing Sonar 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 Fishing Sonar Market Size Forecast by Applications
6.2.1 Offshore/Coastal
6.2.2 Freshwater/Coastal
6.2.3 Game
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fishing Sonar 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 Fishing Sonar 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 Fishing Sonar Analysis and Forecast
9.1 Introduction
9.2 North America Fishing Sonar 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 Fishing Sonar Market Size Forecast by Type
9.6.1 Digital Sonar
9.6.2 Imaging Sonar
9.6.3 Other
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 Fishing Sonar Market Size Forecast by Applications
9.10.1 Offshore/Coastal
9.10.2 Freshwater/Coastal
9.10.3 Game
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 Fishing Sonar Analysis and Forecast
10.1 Introduction
10.2 Europe Fishing Sonar 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 Fishing Sonar Market Size Forecast by Type
10.6.1 Digital Sonar
10.6.2 Imaging Sonar
10.6.3 Other
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 Fishing Sonar Market Size Forecast by Applications
10.10.1 Offshore/Coastal
10.10.2 Freshwater/Coastal
10.10.3 Game
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 Fishing Sonar Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fishing Sonar 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 Fishing Sonar Market Size Forecast by Type
11.6.1 Digital Sonar
11.6.2 Imaging Sonar
11.6.3 Other
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 Fishing Sonar Market Size Forecast by Applications
11.10.1 Offshore/Coastal
11.10.2 Freshwater/Coastal
11.10.3 Game
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 Fishing Sonar Analysis and Forecast
12.1 Introduction
12.2 Latin America Fishing Sonar 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 Fishing Sonar Market Size Forecast by Type
12.6.1 Digital Sonar
12.6.2 Imaging Sonar
12.6.3 Other
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 Fishing Sonar Market Size Forecast by Applications
12.10.1 Offshore/Coastal
12.10.2 Freshwater/Coastal
12.10.3 Game
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) Fishing Sonar Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fishing Sonar 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) Fishing Sonar Market Size Forecast by Type
13.6.1 Digital Sonar
13.6.2 Imaging Sonar
13.6.3 Other
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) Fishing Sonar Market Size Forecast by Applications
13.10.1 Offshore/Coastal
13.10.2 Freshwater/Coastal
13.10.3 Game
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 Fishing Sonar Market: Competitive Dashboard
14.2 Global Fishing Sonar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Furuno
14.3.2 Humminbird
14.3.3 Navico
14.3.4 Raymarine
14.3.5 Garmin
14.3.6 Deeper
14.3.7 Norcross Marine Products
14.3.8 Japan Radio Company
