Precision Aquaculture Market
Precision Aquaculture Market Forecasts to 2030 - Global Analysis by Farm Type (Offshore Farms, Recirculating Aquaculture Systems, Floating Fish Farms and Land-Based Farms), System Type, Offering, Fish Species, Technology, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $640.2 MN |
|
Projected Year Value (2030) |
US $1584.2 MN |
|
CAGR (2024 - 2030) |
16.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Precision Aquaculture Market is accounted for $640.2 million in 2024 and is expected to reach $1584.2 million by 2030 growing at a CAGR of 16.3% during the forecast period. Precision aquaculture is a cutting-edge method of fish farming that combines automation, data analytics, and technology to improve fish health, sustainability, and production efficiency. In order to track important variables like temperature, oxygen levels, fish activity, and water quality in real time, sensors, artificial intelligence, and Internet of Things (IoT) devices are used. Precision aquaculture minimizes environmental impact, decreases waste, and improves feeding schedules by utilizing machine learning and predictive analytics.
Market Dynamics:
Driver:
Growing Demand for Seafood
The rising demand for seafood is a major driver of the precision aquaculture market, pushing the industry to adopt sophisticated technology for sustainable and efficient fish farming. The need to increase production while reducing environmental effect due to rising worldwide seafood consumption is propelling the use of IoT, AI, and automated monitoring systems. Precision aquaculture improves feed optimization, disease prevention, and water quality management while increasing productivity and decreasing waste. Thus, it drives the growth of the market.
Restraint:
High Initial Investment Costs
High initial investment costs stifle the growth of the precision aquaculture sector by limiting adoption, particularly among small and medium-sized businesses. Financial obstacles are brought up by the requirement for costly sensors, automated feeding systems, and data analytics infrastructure. This slows market expansion by discouraging farmers from implementing cutting-edge technologies. Long payback times and unpredictable returns often discourage investment, which limits industry innovation and scalability.
Opportunity:
Technological Advancements
Technological advancements are transforming the market by enhancing efficiency, sustainability, and yield. Innovations such as AI-driven monitoring systems, IoT-enabled sensors, and automated feeding solutions optimize water quality, fish health, and resource utilization. Blockchain ensures transparency in supply chains, while machine learning predicts disease outbreaks, reducing losses. The integration of robotics streamlines operations, lowering labor costs. These advancements improve productivity, driving market growth and adoption across the industry.
Threat:
Data Security and Privacy Concerns
Data security and privacy issues are impeding the market by limiting the use of IoT, AI, and cloud-based solutions. Farmers worry about data breaches, cyberattacks, and improper use of private operational information. Digital transformation is further slowed by inadequate legal frameworks and a lack of cybersecurity knowledge. Small-scale aquaculture enterprises are also discouraged from utilizing precise technology to their full potential due to the high expenses of security infrastructure, thus it hinders market expansion.
Covid-19 Impact
The COVID-19 pandemic disrupted the Precision Aquaculture Market in the Asia-Pacific region through supply chain disruptions, labor shortages, and reduced seafood demand. Lockdowns delayed equipment installations and technology adoption. However, the crisis accelerated the shift toward automation and remote monitoring to ensure operational continuity. Post-pandemic, increased investments in digital aquaculture solutions are driving market recovery and long-term resilience.
The feeding management segment is expected to be the largest during the forecast period
The feeding management segment is expected to account for the largest market share during the forecast period, as cutting-edge technology like real-time sensors, AI-driven monitoring, and automated feeders increase feeding accuracy, guaranteeing sustainability and ideal growth rates. Adoption is further pushed by growing feed costs and environmental concerns. Feeding management is a crucial part of precision aquaculture innovations around the world since it increases farm profitability and decreases ecological impact by reducing overfeeding and increasing efficiency.
The robotics & drones segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the robotics & drones segment is predicted to witness the highest growth rate, because underwater robots and aerial drones provide real-time data on water quality, fish health, and feeding patterns, reducing manual labor and operational costs. AI-powered drones optimize feeding schedules, minimizing waste and improving yield. Autonomous systems streamline maintenance and disease detection, ensuring sustainable aquaculture practices. These advancements boost productivity, resource utilization, and environmental sustainability, driving the market’s growth and technological evolution.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to increasing demand for sustainable seafood, advancements in IoT, AI, and automation, and government initiatives supporting aquaculture innovation. The rising need to enhance fish yield, reduce environmental impact, and improve resource efficiency propels market growth. Key factors include the adoption of smart feeding systems, real-time water quality monitoring, and predictive analytics. Additionally, stringent regulations on wild fishing and the push for traceable, high-quality seafood further accelerate market expansion.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to the growing demand for seafood, improvements in technology, and government programs that promote sustainable aquaculture. Smart aquaculture solutions are being used in response to worries about climate change and the depletion of marine resources. Because of their significant aquaculture activity, nations like China, India, and Indonesia dominate the market. Investments in sensor-based feeding systems and digital platforms also quicken the region's market expansion.
Key players in the market
Some of the key players profiled in the Precision Aquaculture Market include AKVA Group, InnovaSea Systems, ScaleAQ, Deep Trekker, Aquabyte, Eruvaka Technologies, Akuakare, CPI Equipment, Lifegard Aquatics, Bluegrove, Imenco AS, In-Situ, Signify, Jala Tech, Planet Lighting, Maritech Systems, OxyGuard, Aquaconnect, AquaMaof and MonitorFish.
Key Developments:
In April 2024, AKVA group has announced a new contract with Laxey to advance land-based aquaculture technology in the Westman Islands, Iceland.
In January 2024, Aquaconnect, has formalized a strategic partnership by signing a Memorandum of Understanding (MoU) with StartupTN. This collaboration aims to stimulate innovation and provide support for the growth of emerging startups in the aquaculture sector within the state.
Farm Types Covered:
• Offshore Farms
• Recirculating Aquaculture Systems
• Floating Fish Farms
• Land-Based Farms
System Types Covered:
• Smart Feeding Systems
• Monitoring and Control Systems
• Underwater Remotely-Operated Vehicle Systems
• Other System Types
Offerings Covered:
• Hardware
• Software
• Services
Fish Species Covered:
• Salmon
• Tilapia
• Catfish
• Shrimp
• Trout
Technologies Covered:
• Automation & Control Systems
• IoT & AI-Based Aquaculture
• Robotics & Drones
• Big Data & Cloud Computing
• Blockchain Technology
Applications Covered:
• Feeding Management
• Water Quality Management
• Disease & Health Monitoring
• Production Management
• Traceability & Supply Chain Optimization
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Precision Aquaculture Market, By Farm Type
5.1 Introduction
5.2 Offshore Farms
5.3 Recirculating Aquaculture Systems
5.4 Floating Fish Farms
5.5 Land-Based Farms
6 Global Precision Aquaculture Market, By System Type
6.1 Introduction
6.2 Smart Feeding Systems
6.3 Monitoring and Control Systems
6.4 Underwater Remotely-Operated Vehicle Systems
6.5 Other System Types
7 Global Precision Aquaculture Market, By Offering
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Services
8 Global Precision Aquaculture Market, By Fish Species
8.1 Introduction
8.2 Salmon
8.3 Tilapia
8.4 Catfish
8.5 Shrimp
8.6 Trout
9 Global Precision Aquaculture Market, By Technology
9.1 Introduction
9.2 Automation & Control Systems
9.2.1 Sensors
9.2.2 Smart Feeders
9.3 IoT & AI-Based Aquaculture
9.3.1 AI-Driven Analytics
9.3.2 IoT-Enabled Water Quality Monitoring
9.4 Robotics & Drones
9.5 Big Data & Cloud Computing
9.6 Blockchain Technology
10 Global Precision Aquaculture Market, By Application
10.1 Introduction
10.2 Feeding Management
10.3 Water Quality Management
10.4 Disease & Health Monitoring
10.5 Production Management
10.6 Traceability & Supply Chain Optimization
10.7 Other Applications
11 Global Precision Aquaculture Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 AKVA Group
13.2 InnovaSea Systems
13.3 ScaleAQ
13.4 Deep Trekker
13.5 Aquabyte
13.6 Eruvaka Technologies
13.7 Akuakare
13.8 CPI Equipment
13.9 Lifegard Aquatics
13.10 Bluegrove
13.11 Imenco AS
13.12 In-Situ
13.13 Signify
13.14 Jala Tech
13.15 Planet Lighting
13.16 Maritech Systems
13.17 OxyGuard
13.18 Aquaconnect
13.19 AquaMaof
13.20 MonitorFish
List of Tables
1 Global Precision Aquaculture Market Outlook, By Region (2022-2030) ($MN)
2 Global Precision Aquaculture Market Outlook, By Farm Type (2022-2030) ($MN)
3 Global Precision Aquaculture Market Outlook, By Offshore Farms (2022-2030) ($MN)
4 Global Precision Aquaculture Market Outlook, By Recirculating Aquaculture Systems (2022-2030) ($MN)
5 Global Precision Aquaculture Market Outlook, By Floating Fish Farms (2022-2030) ($MN)
6 Global Precision Aquaculture Market Outlook, By Land-Based Farms (2022-2030) ($MN)
7 Global Precision Aquaculture Market Outlook, By System Type (2022-2030) ($MN)
8 Global Precision Aquaculture Market Outlook, By Smart Feeding Systems (2022-2030) ($MN)
9 Global Precision Aquaculture Market Outlook, By Monitoring and Control Systems (2022-2030) ($MN)
10 Global Precision Aquaculture Market Outlook, By Underwater Remotely-Operated Vehicle Systems (2022-2030) ($MN)
11 Global Precision Aquaculture Market Outlook, By Other System Types (2022-2030) ($MN)
12 Global Precision Aquaculture Market Outlook, By Offering (2022-2030) ($MN)
13 Global Precision Aquaculture Market Outlook, By Hardware (2022-2030) ($MN)
14 Global Precision Aquaculture Market Outlook, By Software (2022-2030) ($MN)
15 Global Precision Aquaculture Market Outlook, By Services (2022-2030) ($MN)
16 Global Precision Aquaculture Market Outlook, By Fish Species (2022-2030) ($MN)
17 Global Precision Aquaculture Market Outlook, By Salmon (2022-2030) ($MN)
18 Global Precision Aquaculture Market Outlook, By Tilapia (2022-2030) ($MN)
19 Global Precision Aquaculture Market Outlook, By Catfish (2022-2030) ($MN)
20 Global Precision Aquaculture Market Outlook, By Shrimp (2022-2030) ($MN)
21 Global Precision Aquaculture Market Outlook, By Trout (2022-2030) ($MN)
22 Global Precision Aquaculture Market Outlook, By Technology (2022-2030) ($MN)
23 Global Precision Aquaculture Market Outlook, By Automation & Control Systems (2022-2030) ($MN)
24 Global Precision Aquaculture Market Outlook, By Sensors (2022-2030) ($MN)
25 Global Precision Aquaculture Market Outlook, By Smart Feeders (2022-2030) ($MN)
26 Global Precision Aquaculture Market Outlook, By IoT & AI-Based Aquaculture (2022-2030) ($MN)
27 Global Precision Aquaculture Market Outlook, By AI-Driven Analytics (2022-2030) ($MN)
28 Global Precision Aquaculture Market Outlook, By IoT-Enabled Water Quality Monitoring (2022-2030) ($MN)
29 Global Precision Aquaculture Market Outlook, By Robotics & Drones (2022-2030) ($MN)
30 Global Precision Aquaculture Market Outlook, By Big Data & Cloud Computing (2022-2030) ($MN)
31 Global Precision Aquaculture Market Outlook, By Blockchain Technology (2022-2030) ($MN)
32 Global Precision Aquaculture Market Outlook, By Application (2022-2030) ($MN)
33 Global Precision Aquaculture Market Outlook, By Feeding Management (2022-2030) ($MN)
34 Global Precision Aquaculture Market Outlook, By Water Quality Management (2022-2030) ($MN)
35 Global Precision Aquaculture Market Outlook, By Disease & Health Monitoring (2022-2030) ($MN)
36 Global Precision Aquaculture Market Outlook, By Production Management (2022-2030) ($MN)
37 Global Precision Aquaculture Market Outlook, By Traceability & Supply Chain Optimization (2022-2030) ($MN)
38 Global Precision Aquaculture Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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