Precision Aquaculture Market By System Type, By Application By Offering and Geography

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Precision Aquaculture Market Size, Share, Growth, Trends, and Global Industry Analysis: By System Type (Monitoring & Control Systems, Smart Feeding Systems, Underwater Rov Systems and Others), By Application (Monitoring, Control & Surveillance, Feeding Management and Others) By Offering (Hardware, Software and Services) and Region

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The Precision aquaculture market size valued US$ 407 million in 2022 and expected to reach US$ 794 million by 2029, at a CAGR of 14.3% over the forecast period 2023-2029. Precision aquaculture aims to change the commercial aquaculture system by making it a knowledge-based production system. This system involves different software and hardware elements interrelated with each other. This technique is widely used in the fish production hence augmenting the ability of farmer to monitor, control and analyze the biological processes of fish farming. Using precision aquaculture has a number of advantages such as providing reliable decision support and improving accuracy. Sensors of this system such as biological, acoustic and optical sensors are broadly utilized for obtaining insights into the farm environment and consequently improve the fish health and obtain great returns.

Using precision aquaculture has several advantages such as in facilitating independent and constant monitoring, reliable decision support, faring operating repeatability and augmenting accuracy. In addition, use of precision aquaculture system enhances the staff safety by reducing the reliance on physical operations. It is forecasted that aquaculture is estimated to supply almost 62% of fish till 2030 for human consumption. Consequently there is an increasing demand for aquaculture in the global market. It also creates a number of crucial growth opportunities for the key players of precision aquaculture market.

The Precision Aquaculture Market Key Developments:

  • In Mar 2019, Innovasea Systems acquired Nortek Akvakultur of Norway. Innovasea and Nortek Akvakultur will combine their technology to allow current Nortek Akvakultur installations to incorporate Realtime Aquaculture underwater wireless environmental sensors.

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Precision Aquaculture Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

14.3%

Largest Market

Asia-Pacific

Fastest Growing Market

Europe

Precision Aquaculture Market Dynamics

There are several factors that are driving the precision aquaculture market. Growing preference to protein-rich aqua food and growing earnings of the middle class people are two major reasons contribute towards driving the global market. Increasing favor to feeding robots, underwater remotely operated vehicles; artificial intelligence and advanced technology are the main factors to drive the market for aquaculture.

Aquaculture production is increased due to increasing number of aquaculture farms, which in turn create a number of growth opportunities in the market of precision aquaculture. An increasing fame for aquaculture, increasing several government initiatives and rising favor of using large-scale offshore aquaculture projects are some prominent elements to enhance the potent of the market growth. There are some factors restraining the market growth are system complexity, high observing price of aquaculture farms, lack of technological awareness amid famers around the globe, less number of skilled operators and the need of huge capital expenses.

Precision Aquaculture Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2022

US$ 407 million

Market Size in 2029

US$ 794 million

Market CAGR

14.3%

By System Type

  • Monitoring & Control Systems,
  • Smart Feeding Systems,
  • Underwater Rov Systems
  • Others

By Application

  • Monitoring,
  • Control & Surveillance,
  • Feeding Management and
  • Others

By Offering

  • Hardware,
  • Software and Services

Key Features of the Report

  • The precision aquaculture market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

2022 is the base year and 2029 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Precision Aquaculture Market size valued US$ 407 million in 2022 and expected to reach US$ 794 million by 2029, at a CAGR of 14.3% over the forecast period 2023-2029.

Europe is the fastest-growing for market

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Precision Aquaculture Market Introduction 
2.1.Global Precision Aquaculture Market  - Taxonomy
2.2.Global Precision Aquaculture Market  - Definitions
2.2.1.System Type
2.2.2.Application
2.2.3.Offering
2.2.4.Region
3.Global Precision Aquaculture Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Precision Aquaculture Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Precision Aquaculture Market  By System Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Monitoring & Control Systems,
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Smart Feeding Systems,
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Underwater Rov Systems
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Precision Aquaculture Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Monitoring,
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Control & Surveillance,
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Feeding Management and
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Precision Aquaculture Market  By Offering, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Hardware,
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Software and Services
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Precision Aquaculture Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Precision Aquaculture Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. System Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Monitoring & Control Systems,
9.1.2.Smart Feeding Systems,
9.1.3.Underwater Rov Systems
9.1.4.Others
9.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Monitoring,
9.2.2.Control & Surveillance,
9.2.3.Feeding Management and
9.2.4.Others
9.3.  Offering Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hardware,
9.3.2.Software and Services
9.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Precision Aquaculture Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. System Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Monitoring & Control Systems,
10.1.2.Smart Feeding Systems,
10.1.3.Underwater Rov Systems
10.1.4.Others
10.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Monitoring,
10.2.2.Control & Surveillance,
10.2.3.Feeding Management and
10.2.4.Others
10.3.  Offering Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hardware,
10.3.2.Software and Services
10.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Precision Aquaculture Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. System Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Monitoring & Control Systems,
11.1.2.Smart Feeding Systems,
11.1.3.Underwater Rov Systems
11.1.4.Others
11.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Monitoring,
11.2.2.Control & Surveillance,
11.2.3.Feeding Management and
11.2.4.Others
11.3.  Offering Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hardware,
11.3.2.Software and Services
11.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Precision Aquaculture Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. System Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Monitoring & Control Systems,
12.1.2.Smart Feeding Systems,
12.1.3.Underwater Rov Systems
12.1.4.Others
12.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Monitoring,
12.2.2.Control & Surveillance,
12.2.3.Feeding Management and
12.2.4.Others
12.3.  Offering Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hardware,
12.3.2.Software and Services
12.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Precision Aquaculture Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. System Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Monitoring & Control Systems,
13.1.2.Smart Feeding Systems,
13.1.3.Underwater Rov Systems
13.1.4.Others
13.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Monitoring,
13.2.2.Control & Surveillance,
13.2.3.Feeding Management and
13.2.4.Others
13.3.  Offering Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hardware,
13.3.2.Software and Services
13.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.InnovaSea Systems
14.2.2.Eruvaka Technology
14.2.3.In-Situ
14.2.4.Lifegard Aquatics
14.2.5.CPI Equipment
14.2.6.Aquabyte
14.2.7.Scale AQ
14.2.8.Observe Technology
14.2.9.Deep Trekker
14.2.10.Steinsvik
14.2.11.Akuakare
14.2.12.JALA Tech
14.2.13.Monitor Fish
14.2.14.Imenco Aquaculture
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • InnovaSea Systems
  • Eruvaka Technology
  • In-Situ
  • Lifegard Aquatics
  • CPI Equipment
  • Aquabyte
  • Scale AQ
  • Observe Technology
  • Deep Trekker
  • Steinsvik
  • Akuakare
  • JALA Tech
  • Monitor Fish
  • Imenco Aquaculture

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