Aquaculture Monitoring Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Water Quality Monitoring, Environmental Monitoring, Fish Health Monitoring, Feed Monitoring, and Others), By Technology (IoT-Based Monitoring, Non-IoT-Based Monitoring, Automation and Control Systems), By End-User (Commercial Aquaculture, Small-Scale Aquaculture, and Research and Development), and Region Forecast 2024-2030

The global aquaculture monitoring market size was valued at US$ 37,296.5 million in 2023 and is projected to reach US$ 54,978.5 million by 2030, growing at a CAGR of 5.7% from 2024-2030. Rising demand for sustainable aquaculture, advanced technologies, and aquatic health management are driving the market for aquaculture monitoring.

Costliness and regulatory restrictions can turn out to be some concerns for small-scale producers, though emerging markets open up opportunities for IoT and AI system advancement, which enables wider deployment and functionality enhancements. Examples of trends leading to such rapid growth of the sustainability concern could include real-time analytics, environmental monitoring, and the incorporation of machine learning.

However, a lack of skilled human resources and issues with standardization of data handling will still pose challenges to widespread implementation. These factors seem promising for a technology-driven future for the industry but would need an adequate balance between affordability and accessibility for wider adoption.

Key Players

The Aquaculture Monitoring Market size includes several companies such as Kongsberg Maritime, OsmoBot, Campbell Scientific, Aanderaa, Pentair, EnviroMonitors, Unidata, Nautikaris, Endress+Hauser Process Solutions, Xylem and others

Key Takeaways

• The Asia-Pacific leads the aquaculture monitoring market, driven by massive investment in aquaculture infrastructure and a high demand for seafood, especially in China and Southeast Asia.
• According to the Fisheries of the United States, 2020 report U.S. commercial fishermen landed 8.4 billion pounds valued at $4.7 billion in 2020.
• The water quality monitoring segment has the largest share by type in aquaculture monitoring involves determining the pH, dissolved oxygen, temperature, and ammonia levels in these aquatic environments to maintain the survival and growth of the species of fish or other aquatic organisms.
• Iot-based monitoring is the fastest growing technology type in aquaculture monitoring which uses connected devices and sensors that collect live data on aquatic environments like water quality, temperature, and oxygen levels

Facts & Figures

• According to the Fisheries of the United States, 2020 report U.S. commercial fishermen landed 8.4 billion pounds valued at $4.7 billion in 2020.
• S. anglers took nearly 200 million trips in 2020. These recreational anglers caught an estimated 1 billion fish and released 65 percent of those caught. The total recreational harvest was estimated at 344 million fish weighing 353 million pounds.
• From 2016 to 2020, the world trend of production of fishery from capture fisheries and aquaculture was going up steadily at a mean rate of 3.8 million MT yearly or approximately 1.9 % annually.
• Countries from Asia (excluding Southeast Asia) have been among the major fish producers during the past five years, contributing about 53.3 % to the total fishery production in 2020.
• The Southeast Asian area region's total fishery production grew, starting at 45.3 million MT in 2016 and rising by 2020 to an average of 46.2 million MT annually over an average annual increase of 0.23 million MT or 0.5 %. This translates into approximately 21.6 % of the world's contribution towards fishery production as reported for 2020.

Key Developments

• Oct 2024, Data intelligence firm Manolin is now unveiling a major update for the Watershed Explorer. In this new release, this platform will boast some industry-leading capabilities to help its users track, analyze, and compare data that better than ever before was necessary for fish farms.
• July 2022, Aquabyte the technology firm using computer vision and artificial intelligence to bring unprecedented insight into health, growth, and sustainability into fish farms for their fish, announced its Series B financing was completed at $25 million. The financing round was led by SoftBank Ventures Asia and will assist in continuing a mission to change aquaculture and answer the call to sustainable protein in the world.

Aquaculture Monitoring Market Segmentation

By Type: The overall monitoring of water quality monitoring involves determining the pH, dissolved oxygen, temperature, and ammonia levels in these aquatic environments to maintain the survival and growth of the species of fish or other aquatic organisms.

By Technology: IoT-Based Monitoring uses connected devices and sensors that collect live data on aquatic environments like water quality, temperature, and oxygen levels so that farmers can make appropriate decisions and improve conditions for the aquatic life. This technology increases operational efficiency and sustainability while reducing environmental impact.

By End-user: Research and Development is composed of academic institutions, government agencies, and private entities engaged in innovation work within the practice of aquaculture. This category commonly applies advanced monitoring systems in the research of aspects within aquaculture, including breeding, disease control, and interaction with the ecosystem. All these insights that come through R&D may lead to new technologies and methodologies useful for both commercial and small-scale aquaculture.