Precision Aquaculture Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Precision Aquaculture Market 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 By Region – Global Opportunities & Forecast

 

 

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Report

Description

The global precision aquaculture market size valued USD 407 million in 2021 and expected to reach USD 794 million by 2027, at a CAGR of 14.3% over the forecast period 2021-2027. 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.

Precision Aquaculture Market

MARKET SUMMARY
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14.3% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 14.3%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Precision Aquaculture Market

  • The report on global precision aquaculture market gives historical, current and future market sizes (US$ Mn) based on  system type, by application, by offering and geographical regions.
  • precision aquaculture market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • InnovaSea Systems
  • Eruvaka Technology
  • In-Situ
  • Lifegard Aquatics
  • CPI Equipment
  • Aquabyte
Precision Aquaculture Market

Drivers And Restraints

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 precision aquaculture 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 precision aquaculture market. 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.


Asia-Pacific got significant share

Precision Aquaculture Market

The Asia Pacific is expected to drive the market over the forecast period as there is great demand for aquaculture technology and increase in aquaculture farms in countries like Japan, China, Indonesia and India. Another major reason to drive aquaculture market growth in such region is prevalent automation of aquaculture farms.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Precision Aquaculture Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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

Description

The global precision aquaculture market size valued USD 407 million in 2021 and expected to reach USD 794 million by 2027, at a CAGR of 14.3% over the forecast period 2021-2027. 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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX