Market Overview:
The global sonar fishfinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sonar fishfinders from professional fishermen and amateurs enthusiasts, globally. Additionally, the growing awareness about the benefits of using sonar fishfinders is also contributing to the growth of this market. On the basis of type, wireless type sonar fishfinders are expected to witness higher growth than wired type during the forecast period. This can be attributed to their ease-of-use and portability as compared with wired type sonar fishfinders.
Product Definition:
Sonar fishfinders are devices used to detect fish underwater by emitting sound waves and measuring the time it takes for the sound waves to bounce off the fish and return to the device. This information is then displayed on a screen as an image of where the fish are in relation to the boat. Sonar fishfinders are important for fishermen because they allow them to find and catch more fish.
Wireless Type:
The wireless type is used in sonar fish finders to transmit the signals from one device to another without using cables. The growth factor of this market is increasing demand for wireless devices due to less maintenance and high efficiency as compared to other wired devices.
Advancements in technology have led the development of various types of wireless systems such as RF, microwave, infrared,.
Wired Type:
Wired type is a transducer that converts acoustic energy into electrical signals. It is used in Sonar Fishfinders for detecting objects underwater. The market size of wired type fish finder was valued at USD 1,37,500 million in 2015 and is expected to grow at CAGR of XX% over the forecast period. Increasing demand for integrated systems with improved performance and technological advancements are some factors driving the growth of this industry globally.
Application Insights:
Professional man was the largest application segment in 2017. Sonar fishfinders are widely used by professional fishermen across the world to find schools of fishes hiding in deep waters. The use of such devices helps them to cover more area underwater and detect smaller objects with greater clarity, which aids them in catching a larger number of species. Moreover, technological advancements and growing demand for high-tech products among professional fishermen have driven the growth of this segment over recent years. Amatur enthusiasts is expected to be the fastest-growing application segment during forecast years owing to rising awareness about marine life and conservation efforts being made by various governments across countries worldwide.
Regional Analysis:
North America dominated the global sonar fishfinders market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to increasing recreational and commercial fishing activities in U.S., which has resulted in increased demand for marine products including fish finders, thus boosting the regional market growth.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income of consumers, coupled with growing popularity of recreational fishing as a sport activity across countries such as China and India, thereby driving regional demand for sonar fishfinders over the forecast period. Europe also held a considerable share of global revenue due to high popularity of marine sports among European population thus generating substantial demand for products including fish finder that aid fishermen while at sea such as acoustic Fishfinder by Lowrance International (U K).
Growth Factors:
- Increasing demand for quality seafood products is expected to drive the growth of sonar fishfinders market over the forecast period.
- Growing popularity of recreational fishing is also anticipated to boost the demand for sonar fishfinders in near future.
- Rising disposable income of consumers coupled with technological advancements are some other factors that are likely to fuel the growth of sonar fishfinders market in coming years.
- Increasing awareness about benefits offered by sonar fishfinders is another key factor that is projected to propel the growth of this market during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sonar Fishfinders Market Research Report
By Type
Wireless Type, Wired Type
By Application
Professional Man, Amatur Enthusiasts, Others
By Companies
Garmin, Lowrance ( Navico), Humminbird (Johnson Outdoors), Raymarine (FLIR), Deeper Sonars, Zhejiang Lucky Manufacturer, Simrad, Furuno, MarCum, Lionwei
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Sonar Fishfinders Market Report Segments:
The global Sonar Fishfinders market is segmented on the basis of:
Types
Wireless Type, Wired Type
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
Professional Man, Amatur Enthusiasts, Others
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:
- Garmin
- Lowrance ( Navico)
- Humminbird (Johnson Outdoors)
- Raymarine (FLIR)
- Deeper Sonars
- Zhejiang Lucky Manufacturer
- Simrad
- Furuno
- MarCum
- Lionwei
Highlights of The Sonar 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:
- Wireless Type
- Wired Type
- By Application:
- Professional Man
- Amatur Enthusiasts
- Others
- 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 Sonar 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.
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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?
Sonar Fishfinders are a type of sonar device that uses sound waves to detect objects in the water. They can be used for navigation, fishing, and other activities in the water.
Some of the major players in the sonar fishfinders market are Garmin, Lowrance ( Navico), Humminbird (Johnson Outdoors), Raymarine (FLIR), Deeper Sonars, Zhejiang Lucky Manufacturer, Simrad, Furuno, MarCum, Lionwei.
The sonar 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 Sonar 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 Sonar Fishfinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sonar 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 Sonar 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 Sonar Fishfinders Market Size & Forecast, 2020-2028
4.5.1 Sonar Fishfinders Market Size and Y-o-Y Growth
4.5.2 Sonar 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 Wireless Type
5.2.2 Wired Type
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 Professional Man
6.2.2 Amatur Enthusiasts
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sonar 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 Sonar 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 Wireless Type
9.6.2 Wired Type
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 Professional Man
9.10.2 Amatur Enthusiasts
9.10.3 Others
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 Wireless Type
10.6.2 Wired Type
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 Professional Man
10.10.2 Amatur Enthusiasts
10.10.3 Others
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 Wireless Type
11.6.2 Wired Type
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 Professional Man
11.10.2 Amatur Enthusiasts
11.10.3 Others
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 Wireless Type
12.6.2 Wired Type
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 Professional Man
12.10.2 Amatur Enthusiasts
12.10.3 Others
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 Wireless Type
13.6.2 Wired Type
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 Professional Man
13.10.2 Amatur Enthusiasts
13.10.3 Others
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 Sonar Fishfinders Market: Competitive Dashboard
14.2 Global Sonar Fishfinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 Lowrance ( Navico)
14.3.3 Humminbird (Johnson Outdoors)
14.3.4 Raymarine (FLIR)
14.3.5 Deeper Sonars
14.3.6 Zhejiang Lucky Manufacturer
14.3.7 Simrad
14.3.8 Furuno
14.3.9 MarCum
14.3.10 Lionwei
