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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]
A fishfinder or sounder (Australia) is a sonar instrument used on boats to identify aquatic animals, underwater topography and other objects by detecting reflected pulses of sound energy, usually during fishing activities. A modern fishfinder displays measurements of reflected sound on a graphical display, allowing an operator to interpret ...
The Navman Marine division, which designs and manufactures fish finders, sonar, VHF radios, autopilots, and sailing instruments, was sold by Brunswick to the Norwegian company Navico in April 2007. The Navman PND (Portable Navigation Device) division was sold to MiTAC in the first half of 2007. This business retains principal use of the Navman ...
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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).
Raymarine is a manufacturer and major supplier of electronic equipment for marine use. The company targets both recreational and light commercial markets with their products, which include: GPS Chartplotters; VHF Radios; Digital Fishfinders / Sonar; Radar
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