Precision Aquaculture Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Service); System (Smart Feeding Systems, Monitoring and Control Systems, Underwater Rov Systems, Others); Application (Feeding Management, Monitoring, Control and Surveillance, Others) and Geography

Publication Month: Mar 2021 | Report Code: TIPRE00008032 | No. of Pages: 135 | Category: Technology, Media and Telecommunications | Status: Published

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In terms of revenue, the global Precision Aquaculture market was valued at US$ 422.43 million in 2020 and is projected to reach US$ 1,209.96 million by 2028; it is expected to grow at a CAGR of 14.5% during the forecast period from 2021 to 2028.

 

Precision aquaculture involves various hardware and software components interconnected with each other. Sensors installed in the marine environment form a key part of these components as they monitor, interpret, analyze, and offer decision support for farm operations. A wide variety of sensors, such as acoustic, optical, and biological sensors, are used to gain insights into the farm environment, which assist in making decisions to enhance fish health and economic return, along with mitigating risk to the environment. The precision aquaculture benefits through farming operation repeatability, improving accuracy, facilitating autonomous and continuous monitoring, and offering reliable decision support. Moreover, it helps reduce dependency on manual operations and subjective assessments, thereby enhancing the staff safety. As per IEEE Xplore, aquaculture is likely to supply ~62% of fish for human consumption by 2030. Thus, the increase in yields of aquaculture across the world offers significant growth opportunities to the precision aquaculture market players.

 

Impact of COVID-19 Pandemic on the Market

According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Spain, and Italy are among the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the world. As of 24th March 2021, 123,902,242 confirmed COVID-19 cases registered globally, with 2,727,837 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis affects the industries worldwide, and the global economy adversely affected in 2020 and likely in 2021. The pandemic has disturbed precision aquaculture businesses and suppliers around the globe. Market players experienced disruptions to their operations, and it’s likely to have consequences till mid-2021. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the precision aquaculture industry.  

 

Lucrative Regional Precision Aquaculture Market

Lucrative Regional Precision Aquaculture Market

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Market Insights–Precision Aquaculture Market

 

Increasing Government Support for Development of Aquaculture Infrastructure

Increasing trend of smart fishing and growth in seafood trade are magnifying the demand for products required for the development of aquaculture infrastructure. Changes in the food consumption pattern worldwide are also contributing to the expansion and diversification of this industry. Besides, the growth of retail industry and the easy availability of aquaculture products through numerous channels propel the sales of these products. The vigorous and continuous growth of aquaculture in various prominent countries, such as Norway, China, India, and Indonesia, is driving the global precision aquaculture market.


Component Segment Insights

Based on component, the precision aquaculture market is segmented into hardware, software, and services. Hardware components are integrated with software components to provide the most accurate, real-time information about the water bodies for effective aquafarming or aquaculture. Aquaculture is in the nascent stage; however, according to the FAO, aquafarming is projected to feed a large percentage of population in the coming years. IoT, advanced sensors, cameras, and analytics software are being used to perform aquaculture operations.

 

System Segment Insights

Based on system, the precision aquaculture market is segmented into smart feeding systems, monitoring and control systems, and underwater ROV systems. The monitoring and control system accounted for the largest share in the year 2020; it is anticipated to continue its dominance during the forecast period. Monitoring and control systems are used in precision aquaculture comprise various sensors and high-resolution cameras that display images and collect data on the health of farms, seas, and fishes. Fish farming, in general, is subjected to changing environmental conditions such as varying water supply due to different rainfall patterns or higher temperatures during summer, which are among the most critical ones.

 

Precision Aquaculture Market, by Application (% share)

Precision Aquaculture Market, by Application (% share)

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Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

 

  • In 2021, Scale Aquaculture AS had released FeedStation v. 2.4. It has now been integrated with UniteAQ. With FeedStation v.2.4, the logging can be done directly from FeedStation to UniteAQ with detailed data and without any additional software installed. The long-term plan is to include all relevant data and logging to the cloud, making a true IoT device-twin for FeedStation in UniteAQ.
  • In 2020, SinkabergHansen purchased an AC 600 VR feed barge with new technology for waterborne feeding from AKVA group ASA.

 

The global precision aquaculture market has been segmented as follows:

 

Precision Aquaculture Market – By Component

  • Hardware
    • Control and Monitoring Device
    • Camera System
  • Software
  • Services

Precision Aquaculture Market – By System

  • Smart Feeding System
  •  Monitoring and Control System
  •  Underwater ROV System

Precision Aquaculture Market- By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Norway
    • Spain
    • France
    • Italy
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Egypt
    • Saudi Arabia
    • Rest of MEA
    • UAE
  • South America (SAM)
    • Brazil
    • Chile
    • Rest of SAM

Precision Aquaculture Market – Companies Profiles

  • AKVA GROUP
  • Scale AQ
  • CHETU INC
  • DEEP TREKKER
  • INNOVASEA SYSTEMS
  • PENTAIR AES
  • SOLVAY
  • STEINSVIK
  • XYLEM INC
  • ERUVAKA TECHNOLOGY
  • AQUABYTE
  • IMENCO AS

 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Precision Aquaculture Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America – PEST Analysis

4.2.2        Europe – PEST Analysis

4.2.3        Asia Pacific – PEST Analysis

4.2.4        Middle East and Africa – PEST Analysis

4.2.5        South America - PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Precision Aquaculture–Market Dynamics

5.1       Market Drivers

5.1.1        Increasing Government Support for Development of Aquaculture Infrastructure

5.1.2        Rising Yields of Aquaculture

5.2       Market Restraints

5.2.1        Lack of Technology Trend Awareness and Limited Availability of Skilled Workforce

5.3       Market Opportunity

5.3.1        Surging Popularity of Land-Based Recirculating Aquaculture Systems

5.4       Future Trend

5.4.1        Surging Adoption of Advanced Technologies in Precision Aquaculture Industry

5.5       Impact Analysis of Drivers and Restraints

6.             Precision Aquaculture Market – Global Analysis

6.1       Precision Aquaculture Market Global Overview

6.2       Precision Aquaculture Market – Revenue and Forecast To 2028 (US$ Million)

6.1       Market Positioning – Top Five Players

7.             Precision Aquaculture Market Analysis – By Component

7.1       Overview

7.2       Precision Aquaculture Market Breakdown, by Component, 2020 and 2028 (%)

7.3       Hardware

7.3.1        Overview

7.3.2        Hardware Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.3        Camera Systems

7.3.3.1      Overview

7.3.3.2      Camera Systems Market Revenue and Forecasts to 2028 (US$ Mn)

7.3.4        Monitoring and Control Devices

7.3.4.1      Overview

7.3.4.2      Monitoring and Control Devices Market Revenue and Forecasts to 2028 (US$ Mn)

7.4       Software

7.4.1        Overview

7.4.2        Software Market Revenue and Forecasts to 2028 (US$ Mn)

7.5       Services

7.5.1        Overview

7.5.2        Services Market Revenue and Forecasts to 2028 (US$ Mn)

8.             Precision aquaculture Market Analysis – By System

8.1       Overview

8.2       Precision Aquaculture Market Breakdown, By System, 2020 & 2028 (%)

8.3       Monitoring and Control Systems

8.3.1        Overview

8.3.2        Monitoring and Control Systems Market Revenue and Forecasts to 2028 (US$ Mn)

8.4       Smart Feeding Systems

8.4.1        Overview

8.4.2        Smart Feeding Systems Market Revenue and Forecasts to 2028 (US$ Mn)

8.5       Underwater ROV Systems

8.5.1        Overview

8.5.2        Underwater ROV Systems Market Revenue and Forecasts to 2028 (US$ Mn)

9.             Precision Aquaculture Market – Geographic Analysis

9.1       Overview

9.2       North America: Precision Aquaculture Market

9.2.1        North America: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2        North America: Precision Aquaculture Market- By Component

9.2.3        North America: Precision Aquaculture Market- By System

9.2.4        North America: Precision Aquaculture Market- by Key Country

9.2.4.1      US: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1       US: Precision Aquaculture Market- By Component

9.2.4.1.1.1           US: Precision Aquaculture Market- By Hardware

9.2.4.1.2       US: Precision Aquaculture Market- By System

9.2.4.2      Canada: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1       Canada: Precision Aquaculture Market- By Component

9.2.4.2.1.1           Canada: Precision Aquaculture Market- By Hardware

9.2.4.2.2       Canada: Precision Aquaculture Market- By System

9.2.4.3      Mexico: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1       Mexico: Precision Aquaculture Market- By Component

9.2.4.3.1.1           Mexico: Precision Aquaculture Market- By Hardware

9.2.4.3.2       Mexico: Precision Aquaculture Market- By System

9.3       Europe: Precision Aquaculture Market

9.3.1        Europe: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2        Europe: Precision Aquaculture Market- By Component

9.3.3        Europe: Precision Aquaculture Market- By System

9.3.4        Europe: Precision Aquaculture Market- by Key Country

9.3.4.1      Norway: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1       Norway: Precision Aquaculture Market- By Component

9.3.4.1.1.1           Norway: Precision Aquaculture Market- By Hardware

9.3.4.1.2       Norway: Precision Aquaculture Market- By System

9.3.4.2      Spain: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1       Spain: Precision Aquaculture Market- By Component

9.3.4.2.1.1           Spain: Precision Aquaculture Market- By Hardware

9.3.4.2.2       Spain: Precision Aquaculture Market- By System

9.3.4.3      Italy: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1       Italy: Precision Aquaculture Market- By Component

9.3.4.3.1.1           Italy: Precision Aquaculture Market- By Hardware

9.3.4.3.2       Italy: Precision Aquaculture Market- By System

9.3.4.4      UK: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1       UK: Precision Aquaculture Market- By Component

9.3.4.4.1.1           UK: Precision Aquaculture Market- By Hardware

9.3.4.4.2       UK: Precision Aquaculture Market- By System

9.3.4.5      France: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1       France: Precision Aquaculture Market- By Component

9.3.4.5.1.1           France: Precision Aquaculture Market- By Hardware

9.3.4.5.2       France: Precision Aquaculture Market- By System

9.3.4.6      Rest of Europe: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1       Rest of Europe: Precision Aquaculture Market- By Component

9.3.4.6.1.1           Rest of Europe: Precision Aquaculture Market- By Hardware

9.3.4.6.2       Rest of Europe: Precision Aquaculture Market- By System

9.4       APAC: Precision Aquaculture Market

9.4.1        APAC: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2        APAC: Precision Aquaculture Market- By Component

9.4.3        APAC: Precision Aquaculture Market- By System

9.4.4        APAC: Precision Aquaculture Market- by Key Country

9.4.4.1      Australia: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1       Australia: Precision Aquaculture Market- By Component

9.4.4.1.1.1           Australia: Precision Aquaculture Market- By Hardware

9.4.4.1.2       Australia: Precision Aquaculture Market- By System

9.4.4.2      China: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1       China: Precision Aquaculture Market- By Component

9.4.4.2.1.1           China: Precision Aquaculture Market- By Hardware

9.4.4.2.2       China: Precision Aquaculture Market- By System

9.4.4.3      India: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1       India: Precision Aquaculture Market- By Component

9.4.4.3.1.1           India: Precision Aquaculture Market- By Hardware

9.4.4.3.2       India: Precision Aquaculture Market- By System

9.4.4.4      Japan: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1       Japan: Precision Aquaculture Market- By Component

9.4.4.4.1.1           Japan: Precision Aquaculture Market- By Hardware

9.4.4.4.2       Japan: Precision Aquaculture Market- By System

9.4.4.5      South Korea: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1       South Korea: Precision Aquaculture Market- By Component

9.4.4.5.1.1           South Korea: Precision Aquaculture Market- By Hardware

9.4.4.5.2       South Korea: Precision Aquaculture Market- By System

9.4.4.6      Rest of APAC: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1       Rest of APAC: Precision Aquaculture Market- By Component

9.4.4.6.1.1           Rest of APAC: Precision Aquaculture Market- By Hardware

9.4.4.6.2       Rest of APAC: Precision Aquaculture Market- By System

9.5       MEA: Precision Aquaculture Market

9.5.1        MEA: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2        MEA: Precision Aquaculture Market- By Component

9.5.3        MEA: Precision Aquaculture Market- By System

9.5.4        MEA: Precision Aquaculture Market- by Key Country

9.5.4.1      Egypt: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1       Egypt: Precision Aquaculture Market- By Component

9.5.4.1.1.1           Egypt: Precision Aquaculture Market- By Hardware

9.5.4.1.2       Egypt: Precision Aquaculture Market- By System

9.5.4.2      Saudi Arabia: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1       Saudi Arabia: Precision Aquaculture Market- By Component

9.5.4.2.1.1           Saudi Arabia: Precision Aquaculture Market- By Hardware

9.5.4.2.2       Saudi Arabia: Precision Aquaculture Market- By System

9.5.4.3      UAE: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1       UAE: Precision Aquaculture Market- By Component

9.5.4.3.1.1           UAE: Precision Aquaculture Market- By Hardware

9.5.4.3.2       UAE: Precision Aquaculture Market- By System

9.5.4.4      Rest of MEA: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1       Rest of MEA: Precision Aquaculture Market- By Component

9.5.4.4.1.1           Rest of MEA: Precision Aquaculture Market- By Hardware

9.5.4.4.2       Rest of MEA: Precision Aquaculture Market- By System

9.6       SAM: Precision Aquaculture Market

9.6.1        SAM: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2        SAM: Precision Aquaculture Market- By Component

9.6.3        SAM: Precision Aquaculture Market- By System

9.6.4        SAM: Precision Aquaculture Market- by Key Country

9.6.4.1      Brazil: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1       Brazil: Precision Aquaculture Market- By Component

9.6.4.1.1.1           Brazil: Precision Aquaculture Market- By Hardware

9.6.4.1.2       Brazil: Precision Aquaculture Market- By System

9.6.4.2      Chile: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1       Chile: Precision Aquaculture Market- By Component

9.6.4.2.1.1           Chile: Precision Aquaculture Market- By Hardware

9.6.4.2.2       Chile: Precision Aquaculture Market- By System

9.6.4.3      Rest of SAM: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1       Rest of SAM: Precision Aquaculture Market- By Component

9.6.4.3.1.1           Rest of SAM: Precision Aquaculture Market- By Hardware

9.6.4.3.2       Rest of SAM: Precision Aquaculture Market- By System

10.          Impact of COVID-19 Pandemic on Precision Aquaculture Market

10.1    Overview

10.2    North America

10.3    Europe

10.4    Asia-Pacific

10.5    Middle East and Africa

10.6    South America

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    New Product Development

11.4    Merger and Acquisition

12.          COMPANY PROFILES

12.1    AKVA group ASA

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Chetu, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Deep Trekker Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Innovasea Systems Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Scale Aquaculture AS

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    PentairAES

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Xylem Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Eruvaka Technologies Private Limited

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Aquabyte

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Imenco AS

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             Precision Aquaculture Market – Revenue and Forecast To 2028 (US$ Million)

Table 2.             North America: Precision Aquaculture Market- By Component – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Precision Aquaculture Market- By Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Precision Aquaculture Market- By System – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 7.             US: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Canada: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 12.          Mexico: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 14.          Europe: Precision Aquaculture Market- By Component – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Europe: Precision Aquaculture Market- By Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Europe: Precision Aquaculture Market- By System – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Norway: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 18.          Norway: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 19.          Norway: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 20.          Spain: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 21.          Spain: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 22.          Spain: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 23.          Italy: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 24.          Italy: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 25.          Italy: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 26.          UK: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 27.          UK: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 28.          UK: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 29.          France: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 30.          France: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 31.          France: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 32.          Rest of Europe: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 33.          Rest of Europe: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 34.          Rest of Europe: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 35.          APAC: Precision Aquaculture Market- By Component – Revenue and Forecast to 2028 (US$ Million)

Table 36.          APAC: Precision Aquaculture Market- By Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 37.          APAC: Precision Aquaculture Market- By System – Revenue and Forecast to 2028 (US$ Million)

Table 38.          Australia: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 39.          Australia: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 40.          Australia: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 41.          China: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 42.          China: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 43.          China: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 44.          India: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 45.          India: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 46.          India: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 47.          Japan: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 48.          Japan: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 49.          Japan: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 50.          South Korea: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 51.          South Korea: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 52.          South Korea: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 53.          Rest of APAC: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 54.          Rest of APAC: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 55.          Rest of APAC: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 56.          MEA: Precision Aquaculture Market- By Component– Revenue and Forecast to 2028 (US$ Million)

Table 57.          MEA: Precision Aquaculture Market- By Hardware– Revenue and Forecast to 2028 (US$ Million)

Table 58.          MEA: Precision Aquaculture Market- By System – Revenue and Forecast to 2028 (US$ Million)

Table 59.          Egypt: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 60.          Egypt: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 61.          Egypt: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 62.          Saudi Arabia: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 63.          Saudi Arabia: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 64.          Saudi Arabia: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 65.          UAE: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 66.          UAE: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 67.          UAE: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 68.          Rest of MEA: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 69.          Rest of MEA: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 70.          Rest of MEA: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 71.          SAM: Precision Aquaculture Market- By Component – Revenue and Forecast to 2028 (US$ Million)

Table 72.          SAM: Precision Aquaculture Market- By Hardware – Revenue and Forecast to 2028 (US$ Million)

Table 73.          SAM: Precision Aquaculture Market- By System – Revenue and Forecast to 2028 (US$ Million)

Table 74.          Brazil: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 75.          Brazil: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 76.          Brazil: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 77.          Chile: Precision Aquaculture Market- By Component –Revenue and Forecast to 2028 (US$ Million)

Table 78.          Chile: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 79.          Chile: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 80.          Rest of SAM: Precision Aquaculture Market- By Component–Revenue and Forecast to 2028 (US$ Million)

Table 81.          Rest of SAM: Precision Aquaculture Market- By Hardware –Revenue and Forecast to 2028 (US$ Million)

Table 82.          Rest of SAM: Precision Aquaculture Market- By System –Revenue and Forecast to 2028 (US$ Million)

Table 83.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Precision Aquaculture Market Segmentation

Figure 2.           Precision Aquaculture Market Segmentation – By Geography

Figure 3.           Global Precision Aquaculture Market Overview

Figure 4.           Hardware Segment is Expected to Dominate the Market by Component

Figure 5.           Monitoring and Control System Segment held Largest Market Share in 2020

Figure 6.           Asia-Pacific held Largest Market Share in 2020

Figure 7.           North America – PEST Analysis

Figure 8.           Europe – PEST Analysis

Figure 9.           Asia Pacific – PEST Analysis

Figure 10.        Middle East and Africa – PEST Analysis

Figure 11.        SAM – PEST Analysis

Figure 12.        Expert Opinion

Figure 13.        Precision Aquaculture Market Impact Analysis of Drivers and Restraints

Figure 14.        Geographic Overview of Precision Aquaculture Market

Figure 15.        Precision Aquaculture Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16.        Precision Aquaculture Market Breakdown by Component, 2020 and 2028 (%)

Figure 17.        Hardware Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        Camera Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        Monitoring and Control Devices Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        Software Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22.        Precision Aquaculture Market Breakdown by System, 2020 and 2028 (%)

Figure 23.        Monitoring and Control Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24.        Smart Feeding Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25.        Underwater ROV Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26.        Precision Aquaculture Market Revenue Share, By Region (2020 and 2028)

Figure 27.        North America: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        North America: Precision Aquaculture Market Revenue Share, by Component (2020 and 2028)

Figure 29.        North America: Precision Aquaculture Market Revenue Share, by System (2020 and 2028)

Figure 30.        North America: Precision Aquaculture Market Revenue Share, by Key Country (2020 and 2028)

Figure 31.        US: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Canada: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Mexico: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Europe: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Europe: Precision Aquaculture Market Revenue Share, by Component (2020 and 2028)

Figure 36.        Europe: Precision Aquaculture Market Revenue Share, By System (2020 and 2028)

Figure 37.        Europe: Precision Aquaculture Market Revenue Share, By Key Country (2020 and 2028)

Figure 38.        Norway: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39.        Spain: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Italy: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41.        UK: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        France: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Rest of Europe: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44.        APAC: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45.        APAC: Precision Aquaculture Market Revenue Share, by Component (2020 and 2028)

Figure 46.        APAC: Precision Aquaculture Market Revenue Share, By System (2020 and 2028)

Figure 47.        APAC: Precision Aquaculture Market Revenue Share, By Key Country (2020 and 2028)

Figure 48.        Australia: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49.        China: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50.        India: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51.        Japan: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52.        South Korea: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53.        Rest of APAC: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54.        MEA: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55.        MEA: Precision Aquaculture Market Revenue Share, by Component (2020 and 2028)

Figure 56.        MEA: Precision Aquaculture Market Revenue Share, By System (2020 and 2028)

Figure 57.        MEA: Precision Aquaculture Market Revenue Share, By Key Country (2020 and 2028)

Figure 58.        Egypt: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59.        Saudi Arabia: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60.        UAE: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61.        Rest of MEA: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62.        SAM: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63.        SAM: Precision Aquaculture Market Revenue Share, by Component (2020 and 2028)

Figure 64.        SAM: Precision Aquaculture Market Revenue Share, By System (2020 and 2028)

Figure 65.        SAM: Precision Aquaculture Market Revenue Share, By Key Country (2020 and 2028)

Figure 66.        Brazil: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67.        Chile: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68.        Rest of SAM: Precision Aquaculture Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 70.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 71.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 72.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 73.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Precision Aquaculture Market

  1. AKVA GROUP
  2. Scale AQ
  3. CHETU INC
  4. DEEP TREKKER
  5. INNOVASEA SYSTEMS
  6. PENTAIR AES
  7. SOLVAY
  8. STEINSVIK
  9. XYLEM INC
  10. ERUVAKA TECHNOLOGY

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global precision aquaculture market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global precision aquaculture market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 

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Frequently Asked Questions

Increasing government support for development of aquaculture infrastructure and rising yields of aquaculture are driving the growth of the global precision aquaculture market.

The surging popularity of land-based recirculating aquaculture systems is creating market opportunity for the precision aquaculture market. Land-based recirculating aquaculture facilities are gaining popularity in different countries, and several companies are implementing this system for sustainable seafood management. For instance, Nordic Aquafarms, a US-based seafood company fully integrated with its RAS-design, operates land-based farms in Denmark and has opened its first US facility in Maine in 2020.

Based on component, the precision aquaculture market is segmented into hardware, software, and services. Hardware components are integrated with software components to provide the most accurate, real-time information about the water bodies for effective aquafarming or aquaculture. Aquaculture is in the nascent stage; however, according to the FAO, aquafarming is projected to feed a large percentage of populations in the coming years. IoT, advanced sensors, cameras, and analytics software are being used to perform aquaculture operations. The hardware segment holds the largest market share in 2020.

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