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Lowrance was founded in Tulsa, Oklahoma in 1957. In 2006, Simrad Yachting and Lowrance merged in a deal valued at $215 million, creating a new company named Navico. In 2006, Lowrance was purchased by Simrad Yachting for $215 million. [8] This merger went on to create Navico, now the largest leisure marine electronics manufacturer in the world. [9]
Navman's Marine Division was acquired by Navico, the world's largest marine electronics company, and is the parent company to leading marine electronics brands: Lowrance, Simrad and B&G. Navico has approximately 1,500 employees globally and distribution in more than 100 countries worldwide.
The top manufacturer is Garmin's Marine division with a turnover of US$917 Million in 2023 [8] followed by Brunswick-owned Navico Group (Simrad, Lowrance, B&G and several other brands), with a turnover of US$915 Million (although this includes sales of equipment which is not marine electronics, such as batteries, cables and pumps).
On October 4, 2021, Brunswick Corporation announced that it has completed its acquisition of Navico, a global leader in marine electronics and sensors for $1.05 billion, adding to Brunswick the industry leading Navico brands of Lowrance, Simrad, B&G, and C-MAP.
Samyung ENC is a South Korean manufacturer of marine ... fragmented marine electronics industry that includes Raymarine, Humminbird, Lowrance, Simrad, B ...
NMEA 2000, abbreviated to NMEA2k or N2K and standardized as IEC 61162-3, is a plug-and-play communications standard used for connecting marine sensors and display units within ships and boats. Communication runs at 250 kilobits-per-second and allows any sensor to talk to any display unit or other device compatible with NMEA 2000 protocols.
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