Smart Detection Technologies to Keep Sports Fishing Equipment Growth on an Upward Trajectory: Fact.MR Study
Rapid integration of Industry 4.0 and IoT generating massive green spaces for key sports fishing equipment manufacturers
ROCKVILLE, MD / ACCESSWIRE / February 1, 2021 / Fact.MR’s extensive sports fishing equipment coverage forecasts the market to make substantial gains in 2021, attributed to a resumption in recreational fishing in the post-pandemic period. Growth prospects for the forthcoming decade are largely positive, with a value CAGR pegged at over 4% across the 2021-2031 forecast period. Manufacturers are especially focusing on integrating smart technologies to aid in better navigation and enhanced catch rate.
Over the years, developments such as craft technology gear, propulsion mechanization, acoustic fish detection and satellite-based remote sensing technologies have emerged at the forefront of the global fishing industry. In 2019, Cyberfishing unveiled its lightweight sensor and smartphone application, enabling anglers to assimilate all data from their fishing trips, enabling them to find more attractive catches in the future.