by The global precision aquaculture market size was estimated to be around US$ 481.5 billion in 2022. It is projected to reach US$ 899.57 billion by 2032, indicating a CAGR of 6.50% from 2023 to 2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By Offering, the hardware segment has held the largest market share of 61% in 2022.
- By Offering, the service segment is anticipated to grow at a remarkable CAGR of 10.2% between 2023 and 2032.
- By Application, the monitoring & surveillance segment generated over 34% of revenue share in 2022.
- By Application, the feed optimization segment is expected to expand at the fastest CAGR over the projected period.
- By System Type, the monitoring & control system segment had the largest market share of 50% in 2022.
- By System Type, the smart feeding system segment is expected to expand at the fastest CAGR over the projected period.
- By Farm Type, the open aquaculture farm segment generated over 59% of revenue share in 2022.
- By Farm Type, the RAS farm segment is expected to expand at the fastest CAGR over the projected period.
Precision aquaculture refers to the use of advanced technologies and data-driven approaches to optimize and enhance various processes within the aquaculture industry. This includes the cultivation of aquatic organisms such as fish and shellfish in a controlled and precise environment. The integration of cutting-edge technologies, including sensors, automation, and data analytics, allows for better monitoring and management of aquaculture operations. This results in improved efficiency, sustainability, and overall productivity in the aquaculture sector.
Get a Sample: https://www.precedenceresearch.com/sample/3475
Growth Factors
The precision aquaculture market is experiencing significant growth due to several key factors. Firstly, the increasing global demand for seafood has put pressure on the aquaculture industry to enhance production capabilities. Precision aquaculture enables farmers to optimize feeding practices, monitor water quality, and manage disease outbreaks more effectively, contributing to higher yields. Additionally, advancements in sensor technologies and the Internet of Things (IoT) have empowered aquaculturists with real-time data, facilitating informed decision-making and minimizing operational risks. As environmental concerns rise, precision aquaculture’s ability to reduce resource wastage and ecological impact further fuels its growth.
Precision Aquaculture Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 6.50% |
| Market Size in 2023 | USD 510.39 Billion |
| Market Size by 2032 | USD 899.57 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Offering, By Application, By System Type, and By Farm Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Paper and Paperboard Packaging Market Size To Increase USD 670.38 Billion By 2030
Region Snapshot
The growth of precision aquaculture is witnessed on a global scale, with various regions adopting these technologies to meet the demands of a burgeoning population and changing dietary preferences.
Asia-Pacific stands out as a prominent region in the precision aquaculture market, driven by the significant aquaculture industry in countries like China and India. North America and Europe also play crucial roles, with a focus on sustainable and technologically advanced farming practices. As awareness and acceptance of precision aquaculture increase, the market is expected to witness further expansion across diverse geographical regions.
Recent Developments
- In 2021, Innovasea Systems launched the V3 acoustic telemetry transmitters, a groundbreaking addition to their fish tracking tag portfolio. These tags, among the smallest available, enable comprehensive research on smaller and younger fish species, offering scientists valuable insights into various stages of their lifecycles.
- In 2020, Bluegrove, along with its subsidiary CageEye AS, acquired SEALAB, an aquatech company. This strategic move aims to merge their sensor technologies and establish an open platform for seamless integration with other suppliers. Bluegrove’s focus on shaping the Internet of Species (10S) is poised to drive innovation in aquaculture, agriculture, and forestry, potentially sparking an ecological revolution.
- In 2020, AKVA group has successfully acquired Newfoundland Aqua Service Ltd (NAS), a prominent provider of fish farming services in Newfoundland and Labrador. NAS specializes in manufacturing fish cages, docks, boats, barges, nets, and offers various services such as net washing, manufacturing, testing, repair, and antifoulant treatment. This strategic acquisition enhances AKVA group’s footprint in the region.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Precision Aquaculture Market Players
- AKVA Group
- Aquabyte
- Aquafine Corporation
- Aquaculture Systems Technologies (AST)
- Cermaq
- Cooke Aquaculture
- Deep Trekker Inc.
- In-Situ, Inc.
- InnovaSea Systems, Inc.
- Jala Tech
- Pentair Aquatic Eco-Systems
- Pioneer AQUA
- XpertSea
- Steinsvik
- Vaki
Segments Covered in the Report
By Offering
- Hardware
- Software
- Service
By Application
- Feed Optimization
- Monitoring & Surveillance
- Yield analysis & Measurement
- Others
By System Type
- Smart Feeding System
- Monitoring & Control System
- Underwater Remotely Operated Vehicle System
- Others
By Farm Type
- Open Aquaculture Farm
- RAS Farm
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Precision Aquaculture Market
5.1. COVID-19 Landscape: Precision Aquaculture Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Precision Aquaculture Market, By Offering
8.1. Precision Aquaculture Market, by Offering, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Service
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Precision Aquaculture Market, By Application
9.1. Precision Aquaculture Market, by Application, 2023-2032
9.1.1. Feed Optimization
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Monitoring & Surveillance
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Yield analysis & Measurement
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Precision Aquaculture Market, By System Type
10.1. Precision Aquaculture Market, by System Type, 2023-2032
10.1.1. Smart Feeding System
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Monitoring & Control System
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Underwater Remotely Operated Vehicle System
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Precision Aquaculture Market, By Farm Type
11.1. Precision Aquaculture Market, by Farm Type, 2023-2032
11.1.1. Open Aquaculture Farm
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. RAS Farm
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Precision Aquaculture Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
Chapter 13. Company Profiles
13.1. AKVA Group
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Aquabyte
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Aquafine Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Aquaculture Systems Technologies (AST)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cermaq
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Cooke Aquaculture
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Deep Trekker Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. In-Situ, Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. InnovaSea Systems, Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Jala Tech
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
Blog: https://www.uswebwire.com/
