Fishing Sonar Market
Fishing Sonar Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Fishing Sonar Market Size and Growth
The Fishing Sonar market is experiencing significant growth, driven by technological advancements and increasing demand for efficient fishing methods. Currently valued at approximately $300 million, the market is projected to expand at a CAGR of 7% over the next five years, reflecting rising adoption among commercial and recreational fishing segments. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Furuno
◍ Humminbird
◍ Navico
◍ Raymarine
◍ Garmin
◍ Deeper
◍ Norcross Marine Products
◍ Japan Radio Company
The Fishing Sonar Market features strong competition among companies like Furuno, Humminbird, Navico, Raymarine, Garmin, Deeper, Norcross Marine Products, and Japan Radio Company. These companies innovate with advanced sonar technologies, enhancing user experience and enabling better catch rates, thereby driving market growth through increased adoption and sales.
- Garmin: Approx. $4.5 billion (2022)
- Furuno: Approx. $1 billion (2022)
- Navico: Estimated $500 million (2022)
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Market Segmentation
By Application
Offshore/Coastal
Freshwater/Coastal
Game
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By Product
Digital Sonar
Imaging Sonar
Market Growth
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$ X Billion USD
