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Upcoming Allied Market Research
2021
Fish Finders Market

Fish Finders Market by Product Type (Standalone, Combined, and Networked System), Equipment (Fixed, Portable, and Others), Depth of Reach (Greater than 150m, Greater than 500m, and Others), and Application (Recreational Fishing, Commercial Fishing, Professional Fishing, Fishing Enthusiast, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jan 2022 | 28 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A fish finder is a device that detects fish underwater by finding reflected sound energy pulses (sonar). A contemporary fish finder uses a graphical display to show measures of reflected sound, allowing an operator to detect schools of fish, underwater trash, and the bottom of a body of water. Fish finder devices are used by both recreational and commercial fishermen. The fish finder has an autopilot, radar, GPS, and a transducer built-in. The fish finders are available in a variety of sizes, price ranges, and features. The advent of the COVID-19 pandemic had affected the fish finders market, as the disruption in the supply chain caused a deficit in stocks. To slow the spread of the virus, the government had to impose a lockdown, which forced fishing firms to temporarily halt operations. Individuals who were interested in fishing were forced to stay at home, obviating the need for fish finders.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

 2021–2030

  Forecast Unit

 Value (USD)

  Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

Product Type, Equipment, Depth of Reach, Application, and Region

  Companies Covered

NorCross Marine Products, Inc., Furuno Electric Co. Ltd., Johnson Outdoors Inc., Garmin Ltd., Samyung ENC., Navico, Inc., Raymarine Plc., Deeper UAB., Hule, Inc., and GME Holdings AE.

 

COVID-19 Impact Analysis

  • Countries had to enforce lockdown that restricted the consumers to move outdoors due to the outbreak of the COVID-19 pandemic. As a result, the demand for fish finders had decreased. The fish finders market saw a dip in production as sufficient labours were not available to continue the production process. The sales procedure couldn't complete as there was the unavailability of stocks in stores and online retails.
  • Disruption in the supply channel was a significant reason because the manufacturing sectors were unable to obtain the appropriate raw material. It was not feasible to transport final items to specific retailers. Consumers could not visit the specialist shops, whilst websites were not available online.

Top Impacting Factors

  • The rise in living standards and disposable income is driving the growth of the fish finder market. Growing consumption of fish products across the world, as fish food is a valuable source of protein, is propelling the fish finder market globally. Fish such as salmon and tuna are in great demand, forcing fishing firms to invest in better fish finders that can locate fish from other regions of the sea, which are becoming scarce due to overfishing.
  • The market for fish finders is projected to be driven by the rising usage of Bluetooth, cell phones, and Wi-Fi. Furthermore, because fish finders are versatile, they are simple to use. They are very simple to use and operate. Individuals who go fishing for fun prefer to use fish finders since it simplifies their job and lowers the amount of time they have to wait to explore places where they could find fish.

Market Trends
In the Fish Finders Business, Networked Solutions such as Radar and Vector GPS Charts are Providing Potential

Radar, raster, and vector GPS maps, video, and Sirius satellite radio are built-in to networked systems. Furthermore, many networked system fish finders may be controlled by Bluetooth/Wi-Fi and cell phones. The radars and GPS charts mostly found in medium- and large-sized ships. The enhanced qualities of the new chips are likely to significantly boost the market for networked system fish finders in the future years.

The Fish Finders Market is restricted by Government Regulations under the Fisheries Act.

The aquaculture industry is controlled by the Fisheries Act, as well as other fisheries and oceans legislation, to protect fish and fish habitat. The bill provides rules for fishing licenses, administration, and preservation, as well as pollution prevention. The rules of the Fisheries Function apply to aquaculture and act as a barrier to business expansion while also protecting the environment. The laws and fishing acts in different countries are reducing the fishing business to grow, and the fishing companies are bound to halt or end their outings. The governments are declaring several fishing areas as protected lands so that they could save the species that are on the verge of extinction. The regulations and acts are impeding the expansion of the fishing industry, which has a direct impact on fish finder sales. As a result, the market for fish finders is contracting.
   
Key Segments Covered
Product Type

  • Standalone
  • Combined
  • Networked System

Equipment

  • Fixed
  • Portable
  • Others

Depth of Reach

  • Greater than 150m
  • Greater than 500m
  • Others

Application

  • Recreational Fishing
  • Commercial Fishing
  • Professional Fishing
  • Fishing Enthusiast
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the fish finders industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fish finders’ market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the fish finders’ market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed fish finders market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Which are the leading players active in the fish finders market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
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