The Sonar fish finder market is forecasted to grow at a CAGR of 6.8% within the forecasted period. The global sonar fish finder market is emerging as the technology enhances its growth by research & innovation. Sonar is a high performance horizontal fish finder that can detect and display objects in all directions around the device. The sonar technology is majorly used for fishing in various regions across the globe. The market is driven by the fishing sector as fishing sector is worth of $ 527,052 million worldwide. In 2021 the per person intake of sea food is accounted as 4.5 kg approximately. The use of technology ensures fishing of appropriate fishes, detection of ground levels & object detection. The application of sonar technology in ecofriendly way is the key factor for growth. The key application includes wide range of fishing of sea food. The technical advancement & innovation ensure growth in application of market.
Significant Growth in Fishing Ensures Market Revenues
Fishing is carried out in various regions across the globe; some of the regions have fishing as their primary source of income. The sales have boosted in past few decades, as there was growth in demand for sea food. Change in lifestyle, income sources, and change in eating habits plays a vital role in demand for sea food. The key factors such as increase in fish consumption, ecommerce, wide range of sea food & favorable fish farming ensure growth in revenue. Some of the government policies to protect the coral reefs and other species on verge of extension restrain the revenue generation.
Technology Plays a Vital Role
The GPS, sonar screening & radar systems play important role in fish finder market. The sonar technology is mostly used by the fishermen as it is convenient to use, accurate & is cost efficient. The technology detects accurate location of underwater bodies, in depth temperature and change in surrounding. The fishing is carried out in a cost effective way through sonar technology. Online platforms are very convenient and have been a big boon to sell sea food.
Asia pacific dominates the market
The fishing industries have significant growth in the Asian countries such as India, China and Japan as fishing is carried out on large scale. The North America & Europe are registered as second growing regions. Asia has the most import & export of products across the globe. Many fishers have adopted various technology oriented methods of fishing as they ensure more revenue generation, easy application & low risk of uncertainty.
Key players
The key players in this market include NorCross Marine Products, Inc, Furuno Electric Co., Ltd., Johnson Outdoors Inc., Garmin Ltd.Deeper, Samyung ENC, GME, Humminbird, Navico, FLIR Systems.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.
Report Methodology
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research.
Key questions answered in this report
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Significant Growth in Fishing Ensures Market Revenues
Fishing is carried out in various regions across the globe; some of the regions have fishing as their primary source of income. The sales have boosted in past few decades, as there was growth in demand for sea food. Change in lifestyle, income sources, and change in eating habits plays a vital role in demand for sea food. The key factors such as increase in fish consumption, ecommerce, wide range of sea food & favorable fish farming ensure growth in revenue. Some of the government policies to protect the coral reefs and other species on verge of extension restrain the revenue generation.
Technology Plays a Vital Role
The GPS, sonar screening & radar systems play important role in fish finder market. The sonar technology is mostly used by the fishermen as it is convenient to use, accurate & is cost efficient. The technology detects accurate location of underwater bodies, in depth temperature and change in surrounding. The fishing is carried out in a cost effective way through sonar technology. Online platforms are very convenient and have been a big boon to sell sea food.
Asia pacific dominates the market
The fishing industries have significant growth in the Asian countries such as India, China and Japan as fishing is carried out on large scale. The North America & Europe are registered as second growing regions. Asia has the most import & export of products across the globe. Many fishers have adopted various technology oriented methods of fishing as they ensure more revenue generation, easy application & low risk of uncertainty.
Key players
The key players in this market include NorCross Marine Products, Inc, Furuno Electric Co., Ltd., Johnson Outdoors Inc., Garmin Ltd.Deeper, Samyung ENC, GME, Humminbird, Navico, FLIR Systems.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.
Report Methodology
Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research.
Key questions answered in this report
- What are the key market segments in current scenario and in the future by product categories?
- What are the key market segments in current scenario and in the future by regions?
- What is the key impact of Covid-19 over market revenues and market determinants in the Sonar fish finder market?
- What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
- What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
- How to overcome the current market challenges and leverage the opportunities in each of the market segment?
- Who are the key players in the Sonar fish finder market and what are their key product categories and strategies?
- What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 SFFM Market, By Type
Chapter 5 SFFM Market, By Application area
Chapter 6 North America SFFM Market Analysis
Chapter 7 Europe SFFM Market Analysis
Chapter 8 Asia Pacific SFFM Market Analysis
Chapter 9 Rest of the World SFFM Market Analysis
Chapter 10 Company profiles
Companies Mentioned
- NorCross Marine Products Inc
- Furuno Electric Co. Ltd.
- Johnson Outdoors Inc.
- Garmin Ltd.Deeper
- Samyung ENC
- GME
- Humminbird
- Navico
- FLIR Systems.
