Technologically advanced Fish Aggregating Device (FAD) are increasingly being adopted by fishing companies for increased production. FAD is a structure or device, made of any material, used to lure fish. In recent years, the FAD is available with sonar and satellite buoys for receiving efficient tracking information related to the marine animals.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL FISHING, HUNTING AND TRAPPING MARKET AT $482 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for almost two-third of the global market share. This can be attributed to vast rural areas in the region where hunting and trapping are particularly popular.
According to The Business Research Company’s Consultants, Nitin Gianchandani, satellite based remote detecting methods are widely used. This method uses sea surface temperature and ocean color to detect the zones of possible fish abundance. It diminishes the investigation time as close actual time information is transferred to the fishermen.
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Angler’s Legacy was the largest player in the market in 2017. It is an American based company that promotes and inspires people to explore, contribute and conserve the tradition of boating, hunting and fishing. Its growth strategy aims at reaching more number of people through various campaigns and promotional activities.
Fishing, hunting and trapping market includes establishments involved in the commercial catching or taking of shellfish, finfish and other wild animals from their natural habitat. Hunting and trapping activities are classified in the same subsector as fishing as the availability of resources and the constraints imposed, such as conservation requirements and proper habitat maintenance, are similar.
Fishing, Hunting and Trapping Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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