PUBLISHER: TechSci Research | PRODUCT CODE: 1152219
PUBLISHER: TechSci Research | PRODUCT CODE: 1152219
Precision Aquaculture Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Farm Type, By System Type, By Application and By Region
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The global precision aquaculture market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors driving the growth of the market include technological advancements and demand for protein-rich aqua food. Nowadays, people are consuming seafoods for protein rich diet, as it helps to reduce health problems. Precision aquaculture has altered the traditional aquaculture activities and offers enhanced productivity of the aquaculture industry. The other factors supporting the market's growth are increasing awareness among farmers, growing investments in technological research and product innovation, and support from governments for infrastructure development in aquaculture. Additionally, the increasing income of the middle-class population, is driving the precision aquaculture market, globally.
Demand For Protein-Rich Aqua Food
The increase in consumption of protein rich food among masses in order to reduce health complications is surging the demand of aqua animals in market. Also, this inclination towards seafood is encouraging manufacturers and producers to expand their aquaculture platform in the global market. As per IEEE Xplore, aquaculture is estimated to supply almost 62% of fish till 2030 for human consumption.
Surging adoption of advanced technologies
Various advancements in aquaculture tools, technologies and techniques are being done, which is transforming the traditional farming into automated aquaculture. These automated systems help companies to reduce the labor costs, minimize wastage of resources and enhance production efficiency. In addition, rise in investments and tech-oriented start-ups are bolstering the growth of market. Leading market players are adopting advanced technologies such as ROVs, AI and IoT which are propelling the growth of the market. For instance, in 2020, SinkabergHansen purchased an AC 600 VR feed barge with new technology for waterborne feeding from AKVA group ASA.
Rise in investment in technological research and Increasing Awareness
Expansion of precision aquaculture industry is due to the support provided by governments worldwide for infrastructure development of the aquaculture sector. The rising efforts of investors, the health of the aquaculture industry is expected to augment by coupling the next-generation technologies, government initiatives, and smart solutions. For instance, NOAA's SBIR program is supporting and investing in aquaculture research and development, which encourages small businesses to leverage federal funds to invest in innovative technologies and next-generation products, which lead to proper optimization. In addition, farmers in developing as well as developed countries are getting aware about the precision aquaculture and well-established aqua farms respectively. For instance, in 2021, ICAR, launched ICAR-NePPA, which is designed to develop precision AG-Techs for sustained enhanced input use and production system with safe environment and quality produce to make agriculture a profit-making enterprise.
Market Segmentation
The global precision aquaculture market is segmented into farm type, system type, and application. Based on farm type, the market is divided into open aquaculture farms, and RAS farms. Based on system type, the market is divided smart feeding systems, monitoring and control systems, underwater remotely operated vehicle systems, and others. Based on application, the market is divided into feed optimization, monitoring and surveillance, yield analysis and measurement, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising demand of protein rich food and organic seafoods in the country.
Market Players
AKVA Group, InnovaSea Systems, Inc., Steinsvik Group AS, Deep Trekker Inc., Eruvaka Technologies Pvt Ltd, AKUAKARE-Aquaculture Ltd., Aquamaof Aquaculture Technologies Ltd., Aquabyte, Inc., Bluegrove AS, and Maritech Systems AS are some of the leading companies operating in the market.
Report Scope:
In this report, global precision aquaculture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Precision Aquaculture Market, By Farm Type:
Open Aquaculture Farms
RAS Farms
- Precision Aquaculture Market, By System Type:
Smart Feeding Systems
Monitoring and Control Systems
Underwater Remotely Operated Vehicle Systems
Others
- Precision Aquaculture Market, By Application:
Feed Optimization
Monitoring and Surveillance
Yield Analysis and Measurement
Others
- Precision Aquaculture Market, By Region:
North America
- United States
- Canada
- Mexico
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in precision aquaculture market
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Precision Aquaculture Market
5. Voice of Customer
6. Global Precision Aquaculture Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Farm Type (Open Aquaculture Farms v/s RAS Farms)
- 6.2.2. By System Type (Smart Feeding Systems, Monitoring and Control Systems, Underwater Remotely Operated Vehicle Systems, Others)
- 6.2.3. By Application (Feed Optimization, Monitoring and Surveillance, Yield Analysis and Measurement, Others)
- 6.2.4. By Region
- 6.3. Product Market Map
7. North America Precision Aquaculture Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Farm Type
- 7.2.2. By System Type
- 7.2.3. By Application
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Precision Aquaculture Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Farm Type
- 7.3.1.2.2. By System Type
- 7.3.1.2.3. By Application
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Mexico Precision Aquaculture Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Farm Type
- 7.3.2.2.2. By System Type
- 7.3.2.2.3. By Application
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Canada Precision Aquaculture Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Farm Type
- 7.3.3.2.2. By System Type
- 7.3.3.2.3. By Application
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Precision Aquaculture Market Outlook
8. Europe Precision Aquaculture Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Farm Type
- 8.2.2. By System Type
- 8.2.3. By Application
- 8.2.4. By Country
- 8.3. Europe: Country Analysis
- 8.3.1. France Precision Aquaculture Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Farm Type
- 8.3.1.2.2. By System Type
- 8.3.1.2.3. By Application
- 8.3.1.1. Market Size & Forecast
- 8.3.2. Germany Precision Aquaculture Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Farm Type
- 8.3.2.2.2. By System Type
- 8.3.2.2.3. By Application
- 8.3.2.1. Market Size & Forecast
- 8.3.3. United Kingdom Precision Aquaculture Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Farm Type
- 8.3.3.2.2. By System Type
- 8.3.3.2.3. By Application
- 8.3.3.1. Market Size & Forecast
- 8.3.4. Italy Precision Aquaculture Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Farm Type
- 8.3.4.2.2. By System Type
- 8.3.4.2.3. By Application
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Spain Precision Aquaculture Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Farm Type
- 8.3.5.2.2. By System Type
- 8.3.5.2.3. By Application
- 8.3.5.1. Market Size & Forecast
- 8.3.1. France Precision Aquaculture Market Outlook
9. Asia-Pacific Precision Aquaculture Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Farm Type
- 9.2.2. By System Type
- 9.2.3. By Application
- 9.2.4. By Country
- 9.3. Asia-Pacific: Country Analysis
- 9.3.1. China Precision Aquaculture Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Farm Type
- 9.3.1.2.2. By System Type
- 9.3.1.2.3. By Application
- 9.3.1.1. Market Size & Forecast
- 9.3.2. India Precision Aquaculture Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Farm Type
- 9.3.2.2.2. By System Type
- 9.3.2.2.3. By Application
- 9.3.2.1. Market Size & Forecast
- 9.3.3. South Korea Precision Aquaculture Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Farm Type
- 9.3.3.2.2. By System Type
- 9.3.3.2.3. By Application
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Japan Precision Aquaculture Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Farm Type
- 9.3.4.2.2. By System Type
- 9.3.4.2.3. By Application
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Australia Precision Aquaculture Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Farm Type
- 9.3.5.2.2. By System Type
- 9.3.5.2.3. By Application
- 9.3.5.1. Market Size & Forecast
- 9.3.1. China Precision Aquaculture Market Outlook
10. South America Precision Aquaculture Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Farm Type
- 10.2.2. By System Type
- 10.2.3. By Application
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Precision Aquaculture Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Farm Type
- 10.3.1.2.2. By System Type
- 10.3.1.2.3. By Application
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Precision Aquaculture Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Farm Type
- 10.3.2.2.2. By System Type
- 10.3.2.2.3. By Application
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Precision Aquaculture Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Farm Type
- 10.3.3.2.2. By System Type
- 10.3.3.2.3. By Application
- 10.3.3.1. Market Size & Forecast
- 10.3.1. Brazil Precision Aquaculture Market Outlook
11. Middle East and Africa Precision Aquaculture Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Farm Type
- 11.2.2. By System Type
- 11.2.3. By Application
- 11.2.4. By Country
- 11.3. MEA: Country Analysis
- 11.3.1. South Africa Precision Aquaculture Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Farm Type
- 11.3.1.2.2. By System Type
- 11.3.1.2.3. By Application
- 11.3.1.1. Market Size & Forecast
- 11.3.2. Saudi Arabia Precision Aquaculture Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Farm Type
- 11.3.2.2.2. By System Type
- 11.3.2.2.3. By Application
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Precision Aquaculture Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Farm Type
- 11.3.3.2.2. By System Type
- 11.3.3.2.3. By Application
- 11.3.3.1. Market Size & Forecast
- 11.3.4. Israel Precision Aquaculture Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Farm Type
- 11.3.4.2.2. By System Type
- 11.3.4.2.3. By Application
- 11.3.4.1. Market Size & Forecast
- 11.3.5. Turkey Precision Aquaculture Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Farm Type
- 11.3.5.2.2. By System Type
- 11.3.5.2.3. By Application
- 11.3.5.1. Market Size & Forecast
- 11.3.1. South Africa Precision Aquaculture Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
13. Market Trends & Developments
14. Funding Analysis
15. Competitive Landscape
- 15.1. AKVA Group
- 15.2. InnovaSea Systems, Inc.
- 15.3. Steinsvik Group AS
- 15.4. Deep Trekker Inc.
- 15.5. Eruvaka Technologies Pvt Ltd
- 15.6. AKUAKARE-Aquaculture Ltd.
- 15.7. Aquamaof Aquaculture Technologies Ltd.
- 15.8. Aquabyte, Inc.
- 15.9. Bluegrove AS
- 15.10. Maritech Systems AS
16. Strategic Recommendations
