Fixed Fish Finders Market Scope
A fixed fish finder is an instrument that uses the basic principle of sonar for finding the location of fish underwater. It transmits the sound pulses, measures the time it takes for echoes to return, and calculates the distance of the fish. It operates at high frequencies of sound. It gives the fisherman the options of viewing the depth, aqua structures, fish hiding locations, speed, and depth temperature. It displays measurements of reflected sound on a graphical display allowing an operator to interpret information to locate schools of fish, underwater debris, and the bottom of the water.
According to AMA, the Global Fixed Fish Finders market is expected to see growth rate of 7.5%The key manufacturers in the market focus on the penetration of IoT devices, as well as the high manufacturing costs of radars, sonar, and high-precision interactive displays. Large corporations in the industry are pursuing growth strategies such as innovation of new technology and deployment of a new products. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Fixed Fish Finders market throughout the predicted period.
Hummingbird Ltd. (Canada), Furuno (Japan), Navico (Norway), Raymarine (United Kingdom), Garmin Ltd. (United States), Samyung ENC (South Korea), Lucky Manufacturer Co., Ltd. (China), FLIR Systems (United States), Lowrance (United States) and Japan Marina Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Johnson Outdoors Inc. (United States) and GME (United States).
Segmentation Overview
The study have segmented the market of Global Fixed Fish Finders market by Type (Standalone and Combination), by Application (Recreational Fishing and Commercial Fishing) and Region with country level break-up.
On the basis of geography, the market of Fixed Fish Finders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Demand for Innovative and Improved Products and Rise in living standards and disposable income
Market Growth Drivers:
Increasing Adoption of Bluetooth, Smartphone and Wi-Fi, User-Friendly Product Features and Rising Disposable Income of the People
Challenges:
Lack of Awareness about the Product
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Consumption of Fish Products Worldwide and Technological Improvements in the Modern Fish Finders
Market Leaders and their Expansionary Development Strategies
In October 2021- Brunswick Corporation announced that it has completed its acquisition of Navico, a global leader in marine electronics and sensors for 1.05 billion. Navico is a world-class manufacturer of multi-function displays, fish finders, autopilots, sonar, radar, and cartography. The strong brands of Navico serve the majority of the major powerboat and sailing markets for both recreational and commercial applications.
In September 2021- The Garmin Striker launches a new fish finder that works on the technology and principle of SONAR (Sound Navigation and Ranging) by sending ultrasonic sound waves into the water and detecting the reflected pulses.
Recently a Fisheries Act was passed by Fisheries and Oceans Canada to regulate the aquaculture industry to better protect fish and fish habitats. The Act regulates law for fisheries licensing, management, protection, and pollution prevention. This may act as a growth hurdle while safeguarding the environment, but slowly may be adopted by other nations as well which could bring a big impact. and The regulations highlight conditions and code of conduct following which operators in the aquaculture industry should treat their fish against disease and parasites, how to deposit organic matter, and what precautions need to be taken to manage their facilities covered under Sections 35 and 36 of the Fisheries Act. The regulations also impose compulsory reporting on the environmental performance as well as monitoring and sampling needs
Key Target Audience
Fixed Fish Finder Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.