Kenya Fish Finder Market: Industry Analysis and Forecast (2022-2027) by Application and Type

  • Kenya Fish Finder Market size was valued at US$ Mn. in 2021 and the total revenue is expected to grow at 7 % through 2022 to 2027, reaching nearly US$ Mn. by 2027.

  • Format : PDF | Report ID : SMR_585

Kenya Fish Finder Market Overview:

Fish finder equipment uses CHIRP (Compressed High Intensity Radar Pulse) sonar technology, which allows anglers to locate fish and other underwater objects. Fish finders have a colour screen display that allows even inexperienced anglers to locate and catch fish. Because CHIRP (Compressed High Intensity Radar Pulse) sonar technology is an open source technology, it is difficult for manufacturers to create superior products than their competitors.

 

The rising use of fish finders for both recreational and commercial purposes is expected to support the fish finders market. It allows an operator to decode data in order to detect underwater detritus, fish schools, and the bottom of a water body. In the near future, increased expenditure on various leisure activities, combined with the launch of new products, is expected to benefit the fish finders market. Furthermore, growing use of fish finders, as well as repair and retrofitting of old technologies, is expected to bring up new potential opportunities for the fish finders market in the coming years.

 

Kenya Fish Finder Market Dynamics

In the fish finders industry, leisure, commercial, and professional fishing are the most common applications. Down imaging, side imaging, Compressed High Intensity Radar Pulse (CHIRP) sonar, and GPS are now available from major market competitors, catering to the combination of high-quality technology that allows competent anglers to discover fishing sites quickly. Fishers or anglers used to spend days or weeks trying to discover fish based on their gut emotions, which has created a rich fish finders business opportunity around the world.

 

All stages of the supply chain and value chain of fish finders have been impacted by tight limitations enforced during the Covid-19 pandemic. Moreover, Kenya’s customer behaviour about the purchase of fish finder goods has altered. As a result, the market for fish finders saw a drop in revenue. During the early phases of the lockdown, recreational fishing was prohibited. The revenue from fish finder goods suffered as a result.

 

The rise of the fish finder business is being fuelled by rising living standards and disposable income. Fish food is a valuable source of protein, hence rising Kenya’s consumption of fish products is boosting the fish finder industry.  The market for fish finders is expected to be driven by the fast adoption of Bluetooth, cell phones, and Wi-Fi. Moreover, because fish finders are adaptable, they are simple to use. They are very simple to use and operate.

 

Radar, raster, and vector GPS maps, video, and SiriusXM satellite radio are all built-in to networked systems. Moreover, many networked system fish finders may be controlled by Bluetooth/Wi-Fi and cell phones. They're mostly found in medium and large ships. All of these capabilities are projected to significantly boost the market for networked system fish finders in the next years.

 

Fisheries and Oceans Canada oversees the aquaculture industry to safeguard fish and fish habitat under the Fisheries Act. The Act establishes regulations for fishing licences, management, protection, and pollution avoidance which acts as a restraint to the market. The following Fisheries Operate restrictions apply to aquaculture and act as roadblocks to industry expansion while protecting the environment: Aquaculture Activities Regulations: Under Sections 35 and 36 of the Fisheries Act, the regulations explain the conditions under which aquaculture operators may treat their fish for disease and parasites, deposit organic matter, and manage their facilities. The regulations also demand specific environmental monitoring and sampling standards, as well as reporting on the sector's environmental performance.

 

Kenya Fish Finder Market Segment Analysis

 

Kenya Fish Finder Market
 

 

By Equipment Type, the Kenya Fish Finder Market is segmented by Portable and Fixed. Fixed Fish Finder holds a dominating share in the Kenya Fish Finder Market. A portable fish finder is a compact gadget that detects objects beneath the surface using sonar technology. It is quite effective at detecting all types of fish, both small and huge. The best part about these devices is that they don't require a boat to function. So since the Sonar Technology is introduced, Portable Fish Finders Market is growing a higher CAGR.

 

By Application, the Kenya Fish Finder Market is segmented by Recreational and Commercial fishing. Among these Recreational Fish Finders dominate the market. Consumers employ a recreational fish-finder (RFF) developed to detect fish in real time to pinpoint favourable fishing locations due to the exorbitant expense of scientific echo-sounders.

 

The objective of the report is to present a comprehensive analysis of the Kenya Fish Finder market to the stakeholders in the industry. The report provides trends that are most dominant in the Kenya Fish Finder market and how these trends will influence new business investments and market development through the forecast period. The report also aids in the comprehension of the Kenya Fish Finder Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Kenya Fish Finder market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Kenya Fish Finder market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Kenya Fish Finder market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Kenya Fish Finder market. The report also analyses if the Kenya Fish Finder market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Kenya Fish Finder market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Kenya Fish Finder market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Kenya Fish Finder market is aided by legal factors.

 

Kenya Fish Finder Market Scope

Kenya Fish Finder Market

Market Segmentation

Market Indicators

Details

by Equipment Type

  • Portable
  • Fixed

Historical Data

2016-2021

by Application

  • Recreational
  • Commercial

Forecast Period

 

2022-2027

by Region

  • Kenya

Base Year

2021

CAGR

7 %

Market Size in 2021

US $ Billion

Market Size in 2027

US $ Billion

 

Kenya Fish Finder Market Key Players

  • Garmin Ltd. (U.S.)
  • Raymarine PLC (U.K.)
  • Furuno Electric Co. (Japan)
  • Johnson Outdoors Inc. (U.S.)
  • Humminbird (U.S.)


Frequently Asked Questions

  1. Scope of the Report
  2. Research Methodology
    • Research Process
    • Kenya Fish Finder Market: Target Audience
    • Kenya Fish Finder Market: Primary Research (As per Client Requirement)
    • Kenya Fish Finder Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Stellar Competition matrix
    • Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
      • Market Challenges
      • PESTLE Analysis
      • PORTERS Five Force Analysis
      • Value Chain Analysis
  5. Kenya Fish Finder Market Segmentation
    • Kenya Fish Finder Market, by Equipment Type (2021-2027)
      • Portable
      • Fixed
    • Kenya Fish Finder Market, by Application (2021-2027)
      • Recreational
      • Commercial
  6. Company Profiles
    • Key Players
      • Garmin Ltd. (U.S.)
      • Raymarine PLC (U.K.)
      • Furuno Electric Co. (Japan)
      • Johnson Outdoors Inc. (U.S.)
      • Humminbird (U.S.)
  7. Key Findings
  8. Recommendations

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