Rise in commercial and recreational fishing activities and increase in adoption of noise reduction software in fish finder devices drive the growth of the global fish finders market.

PORTLAND, Ore., May 2, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Fish Finders Market by Product Type (Standalone, Combined, Networked System), by Equipment Type (Fixed, Portable), by Application (Recreational Fishing, Commercial Fishing, Professional Fishing, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global fish finders industry generated $465.21 million in 2020, and is expected to reach $879.10 million by 2030, registering a CAGR of 6.7% from 2021 to 2030.

Drivers, Restraints, and Opportunities

Rise in commercial and recreational fishing activities, surge in consumption of fish products globally, and increase in adoption of noise reduction software in fish finder devices drive the growth of the global fish finders market. However, stringent government policies about designated on-shore and off-shore fishing restrain the market growth. On the other hand, integration of GPS technology in fish finder devices and product innovations create new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF – 253+ Pages) @ https://www.alliedmarketresearch.com/request-sample/14765

Covid-19 Scenario

• Owing to lockdown restrictions imposed during the Covid-19 pandemic, all the stages of the supply chain and value chain of fish finders have been affected.
• Moreover, consumer behavior regarding purchasing fish finder products has changed globally. This led to reduced revenue for the fish finder market.
• There was a ban on recreational fishing activities during the initial stages of lockdown. This impacted the revenue from fish finder products.

The combined segment to continue its lead position throughout the forecast period

Based on product type, the combined segment contributed to the largest market share in 2020, holding more than one-third of the global fish finders market, and is expected to continue its lead position throughout the forecast period. This is due to its usefulness in performing a combination of basic functionalities and ability to offer meaningful information such as GPS charts, radar screens, and others.  However, the networked system segment is estimated to witness the largest CAGR of 7.8% from 2021 to 2030, owing to enhanced capabilities provided by this type as it combines standalone and combined systems.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/14765

The commercial fishing segment to maintain its leadership status during the forecast period

Based on application, the commercial fishing segment held the highest market share in terms of revenue in 2020, accounting for nearly one-third of the global fish finders market, and is projected to maintain its leadership status during the forecast period. However, the recreational fishing segment is projected to register the fastest CAGR of 8.3% from 2021 to 2030. This is attributed to increasing trends toward sports fishing and leisure fishing globally.

North America to maintain its dominance in terms of revenue by 2030

Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for more than one-third of the global fish finders market, and is expected to maintain its dominance by 2030. Rise in product innovations and adoption of technologically advanced equipment in the region. However, Asia-Pacific is estimated to manifest the largest CAGR of 9.1% during the forecast period. This is attributed to technological advancements and rise in fishing activities in developing countries such as India, South Korea, and Indonesia.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/14765?reqfor=covid

Leading Market Players

• Brunswick Corporation
• Deeper UAB
• Furuno Electric Co. Ltd.
• Garmin Ltd.
• GME Holdings AE (GME Pty Ltd)
• Hule, Inc.
• Humminbird
• Johnson Outdoors Inc.
• Lowrance
• NorCross Marine Products, Inc.
• Samyung ENC.
• Teledyne Technologies Inc.

Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

5G Chipset Market is projected to reach $92.05 billion by 2030, registering a CAGR of 21.8%.

Emergency Lighting Market is projected to reach $10.73 billion by 2030, registering a CAGR of 6.9%.

Environmental Sensor Market is projected to reach $3.86 billion by 2030, registering a CAGR of 9.7%.

Soil Monitoring System Market is expected to reach $853.4 million by 2027, growing at a CAGR of 6.7%.

Wireless Security Cameras Systems Market is projected to reach $18.30 billion by 2030, registering a CAGR of 12.4%.

Outdoor LED Display Market is projected to reach $14,522.40 million by 2030, registering a CAGR of 9.10%.

U.S. Video Surveillance Market is projected to reach $23.60 billion by 2027, registering a CAGR of 13.9%.

Pre-Book Now With 10% Discount:

Marine Radar Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Smart Water Leak Detector Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Submarine Electrical System Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn and Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg