Fish Finders Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Humminbird, Furuno, Navico, Raymarine, Garmin, Hule, Lowrance, Deeper

Acknowledging the kind of traction gained by this market, recently published a study report asserts in 2020, the global Fish Finders market size was US$ 461 million and it is expected to reach US$ 664.6 million by the end of 2027, registering a phenomenal CAGR of 5.2% during the review period (2022 to 2027).

Fish Finders Market Overview

Fish finder is an instrument utilized to detect fish underwater by locating reflected pulses of sound energy (sonar). A modern fish finder displays measurements of reflected sound on a graphical display, permitting an operator to get data to locate schools of fish, underwater debris, and the bottom of a body of water. Fish finder instruments are utilized both by sport and commercial fishermen. The fish finder proposals built-in functions such as autopilot, radar, GPS, and transducer. Fish finders are available in different sizes, price ranges, and numerous advance features. A contemporary fish finder uses a graphical display to display measures of reflected sound, agreeing an operator to detect schools of fish, underwater trash, and the bottom of a body of water. Fish finder devices are utilized by both recreational and commercial fishermen. The fish finder has an autopilot, radar, GPS, and a transducer built-in. The fish finders are obtainable in a variability of sizes, price ranges, and features. Networked systems offer built-in functions that include radar, raster, and vector GPS charts, video, and SiriusXM satellite radio. Furthermore, many networked systems fish finders can easily operate through Bluetooth/Wi-Fi and smartphones. They are mostly used in medium-sized or large vessels. All these features are projected to increase the market size of networked system fish finders to a large extent in the coming years.

Growth in global level competitions where high precision tools, rods, reels, chartplotters, autopilot motors and waterproof rotors are essential will help propel the growth of the global fish finders market. Though, intense competition, owing to surge in penetration of IoT devices, high manufacturing cost of radars, sonar, and high precision interactive displays act as the key deterrent aspects of the global market.In addition, government policies on designated on-shore and off-shore fishing will be a key aspect to keep the biodiversity of near-extinct fishes. On the contrary, a fish finder is utilized in research-based geological studies to check the different terrains of contours using a C-map, which comes with a networked system.

Recent Development

Humminbird Unveils Newest Fish Finder — APEX Series - Humminbird has broadcasted the declare of their APEX series of multi-function-displays, featuring their most-advanced fish finding technology, fastest processing, and sharpest displays yet. Targeted at the most demanding fishermen, the top-of-the-line APEX Series joins the SOLIX and HELIX series of fish finders in the Humminbird fish finder lineup. APEX is available in six models and three sizes – 13 inches, 16 inches, and 19 inches –  ranging from $3,699.99 – $4,999.99.

In July 2019, US-based Humminbird Fishing Electronics & Mapping is equipping ice anglers with extra mapping abilities than ever before. With the introduction of AutoChart Live Ice, the anglers will now be able to create customized contour maps on the ice. It will no longer need the guesswork of locating a fishing spot on lakes. This innovative product is projected to draw attention of the costumers and increase customer base of the company.

Key Drivers of the Fish Finder Market

Increase in living standards and disposable income is driving the development of the fish finder market. Increasing consumption of fish products across the world, as fish food is a valuable source of protein, is propelling the fish finder market worldwide.

Adoption of Bluetooth, smartphones, and Wi-Fi is rising rapidly, which is projected to drive the fish finder market. Moreover, fish finders are easy to handle, as they are flexible. They are easy to utilized and operate as well.

What are the major Applications, Types and Regions for Fish Finders Market?

By Type, it is segmented into

• Portable Fish Finders


• Fixed Fish Finders

By Applications, it is segmented into

• Recreational Fishing


• Commercial Fishing

Fish Finders Market Regional Analysis

China, India, and Japan contribute the greatest in the fish finder market. Rapid development in the fishing industry has improved the adoption of fish finders that in turn has improved their demand in countries such as China and India. The fishing industry has improved awareness and benefits of fish finders and is offering new opportunities in such regions.

North America, specifically the U.S., remains a significant participant in the universal satellite modem industry. Key organizations and government institutions in the country are intensely putting resources into technology to grab fish finders market chance.

Growth in living standards of people around the globe and significant growth in consumption of fish products owing to their high nutritional value have played a key role in fueling the demand for fish finders industry in the market. In addition, the upward concerns regarding the well-being of the marine ecosystem has led to increase in demand for noise-free fish finders around the world. Besides, aquaculture for fish finders industry is regulated with stringent government regulations in the global economy which has a direct effect on the fish finders market share. Furthermore, an opportunity lies ahead of numerous organizations and manufacturers for product innovation and technological developments in fish finders companies coupled with integration of GPS fish finder system such as deeper fish finder, REVEAL Lowrance and others which are expected to provide a better experience for recreational and commercial fishing and is projected to be lucrative for the fish finders market growth in the coming years.

All these factors greatly affect the Fish Finders market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Asia Pacific leading market - China, India, and Japan contribute the most in the fish finder market. Fast growth in the fishing industry has increased the adoption of fish finders that in turn has increased their demand in countries such as China and India. The fishing industry has increased awareness and benefits of fish finders and is offering new opportunities in such regions.

What is our Fish Finders Market report scope?

Key Takeaways from this Fish Finders Report

• Evaluate Fish Finder's market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Fish Finders market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than the top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Fish Finders Market is studied from 2017 - 2027.

 What is the growth rate of Fish Finders Market?

The Fish Finders Market is growing at a CAGR of 5.2% over the next 5 years.

What regions does this Fish Finders Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.