Global Precision Aquaculture Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
Precision aquaculture has transformed the traditional aquaculture activities and offers better efficiency and productivity of the aquaculture industry. Precision aquaculture is aiming to deploy various sensors for enhancing the farmer's ability to monitor, control, and analyze the biological processes in fish farms. The increasing income levels and demand for protein-rich aqua food, rising government support for freshwater aquaculture production, coupled with growing adoption of advanced technologies such as AI, ROVs, and IoT for real-time monitoring of aquaculture farms are the chief driving factors for the global market growth. For instance, in 2019 fish production around the world is recorded with 172.6 million metric tons, and the amount increases and reaches 178.1 million metric tons in 2021. Accordingly, the rising fish production is surging the demand for precision aquaculture, thus, in turn, augments the market growth worldwide. However, the rising need for skilled operators for effective management of complex systems and lack of technological awareness among aquaculture farmers impedes the growth of the market over the forecast period of 2022-2028. Also, the growing adoption of aquaculture monitoring and feed optimization devices in developing countries and the rising popularity of land-based recirculating aquaculture systems is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Precision Aquaculture Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the high acceptance of aquaculture technology and increasing aquaculture farms activities in regions such as Japan, China, Indonesia, India, and South Korea. Whereas, Latin America is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as increasing penetration of automated solutions like underwater ROVs and smart camera systems in aquaculture farms, as well as the rising emphasis on the deployment of IoT-based monitoring devices, would create lucrative growth prospects for the Precision Aquaculture Market across the Latin American region.
Major market players included in this report are:
AKVA group
InnovaSea Systems, Inc.
Deep Trekker, Inc.
Aquabyte AS
Eruvaka Technologies Pvt. Ltd.
CPI Equipment Inc.
Lifegard Aquatics
Bluegrove AS
Imenco AS
Aquaconnect
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software
Services
By System Type:
Smart Feeding Systems
Monitoring and Control Systems
Underwater Remotely-Operated Vehicle Systems
Others
By Application:
Feed Optimization
Monitoring and Surveillance
Yield Analysis and Measurement
Others
By Farm Type:
Open Aquaculture Farms
RAS Farms
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Precision Aquaculture Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Global Precision Aquaculture Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Global Precision Aquaculture Market, by Offering, 2020-2028 (USD Million)
- 1.2.3. Global Precision Aquaculture Market, by System Type, 2020-2028 (USD Million)
- 1.2.4. Global Precision Aquaculture Market, by Application, 2020-2028 (USD Million)
- 1.2.5. Global Precision Aquaculture Market, by Farm Type, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Precision Aquaculture Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Precision Aquaculture Market Dynamics
- 3.1. Precision Aquaculture Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging adoption of advanced technologies such as IoT, ROVs, and AI for real-time monitoring of aquaculture farms
- 3.1.1.2. Rising income levels and demand for protein-rich aqua food
- 3.1.2. Market Challenges
- 3.1.2.1. Rising need for skilled operators for effective management of complex systems
- 3.1.2.2. Lack of technological awareness among aquaculture farmers
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing adoption of aquaculture monitoring and feed optimization devices in developing countries
- 3.1.3.2. Rising popularity of land-based recirculating aquaculture systems
Chapter 4. Global Precision Aquaculture Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Precision Aquaculture Market, by Offering
- 6.1. Market Snapshot
- 6.2. Global Precision Aquaculture Market by Offering, Performance - Potential Analysis
- 6.3. Global Precision Aquaculture Market Estimates & Forecasts by Offering 2018-2028 (USD Million)
- 6.4. Precision Aquaculture Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Software
- 6.4.3. Services
Chapter 7. Global Precision Aquaculture Market, by System Type
- 7.1. Market Snapshot
- 7.2. Global Precision Aquaculture Market by System Type, Performance - Potential Analysis
- 7.3. Global Precision Aquaculture Market Estimates & Forecasts by System Type 2018-2028 (USD Million)
- 7.4. Precision Aquaculture Market, Sub Segment Analysis
- 7.4.1. Smart Feeding Systems
- 7.4.2. Monitoring and Control Systems
- 7.4.3. Underwater Remotely-Operated Vehicle Systems
- 7.4.4. Others
Chapter 8. Global Precision Aquaculture Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Precision Aquaculture Market by Application, Performance - Potential Analysis
- 8.3. Global Precision Aquaculture Market Estimates & Forecasts by Application 2018-2028 (USD Million)
- 8.4. Precision Aquaculture Market, Sub Segment Analysis
- 8.4.1. Feed Optimization
- 8.4.2. Monitoring and Surveillance
- 8.4.3. Yield Analysis and Measurement
- 8.4.4. Others
Chapter 9. Global Precision Aquaculture Market, by Farm Type
- 9.1. Market Snapshot
- 9.2. Global Precision Aquaculture Market by Farm Type, Performance - Potential Analysis
- 9.3. Global Precision Aquaculture Market Estimates & Forecasts by Farm Type 2018-2028 (USD Million)
- 9.4. Precision Aquaculture Market, Sub Segment Analysis
- 9.4.1. Open Aquaculture Farms
- 9.4.2. RAS Farms
Chapter 10. Global Precision Aquaculture Market, Regional Analysis
- 10.1. Precision Aquaculture Market, Regional Market Snapshot
- 10.2. North America Precision Aquaculture Market
- 10.2.1. U.S. Precision Aquaculture Market
- 10.2.1.1. Offering estimates & forecasts, 2018-2028
- 10.2.1.2. System Type estimates & forecasts, 2018-2028
- 10.2.1.3. Application estimates & forecasts, 2018-2028
- 10.2.1.4. Farm Type estimates & forecasts, 2018-2028
- 10.2.2. Canada Precision Aquaculture Market
- 10.3. Europe Precision Aquaculture Market Snapshot
- 10.3.1. U.K. Precision Aquaculture Market
- 10.3.2. Germany Precision Aquaculture Market
- 10.3.3. France Precision Aquaculture Market
- 10.3.4. Spain Precision Aquaculture Market
- 10.3.5. Italy Precision Aquaculture Market
- 10.3.6. Rest of Europe Precision Aquaculture Market
- 10.4. Asia-Pacific Precision Aquaculture Market Snapshot
- 10.4.1. China Precision Aquaculture Market
- 10.4.2. India Precision Aquaculture Market
- 10.4.3. Japan Precision Aquaculture Market
- 10.4.4. Australia Precision Aquaculture Market
- 10.4.5. South Korea Precision Aquaculture Market
- 10.4.6. Rest of Asia Pacific Precision Aquaculture Market
- 10.5. Latin America Precision Aquaculture Market Snapshot
- 10.5.1. Brazil Precision Aquaculture Market
- 10.5.2. Mexico Precision Aquaculture Market
- 10.6. Rest of The World Precision Aquaculture Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. AKVA group
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. InnovaSea Systems, Inc.
- 11.2.3. Deep Trekker, Inc.
- 11.2.4. Aquabyte AS
- 11.2.5. Eruvaka Technologies Pvt. Ltd.
- 11.2.6. CPI Equipment Inc.
- 11.2.7. Lifegard Aquatics
- 11.2.8. Bluegrove AS
- 11.2.9. Imenco AS
- 11.2.10. Aquaconnect
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption