[Research Report] 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
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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)
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Precision Aquaculture Market: Strategic Insights
Market Size Value in US$ 422.43 Million in 2020 Market Size Value by US$ 1,209.96 Million by 2028 Growth rate CAGR of 14.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Precision Aquaculture Market: Strategic Insights
Market Size Value in | US$ 422.43 Million in 2020 |
Market Size Value by | US$ 1,209.96 Million by 2028 |
Growth rate | CAGR of 14.5% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystThe 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Precision Aquaculture Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Component ; System ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, Chile, China, Egypt, France, India, Italy, Japan, Mexico, Norway, Saudi Arabia, South Korea, Spain, United Arab Emirates, United Kingdom, United States
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.
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
- AKVA GROUP
- Scale AQ
- CHETU INC
- DEEP TREKKER
- INNOVASEA SYSTEMS
- PENTAIR AES
- SOLVAY
- STEINSVIK
- XYLEM INC
- ERUVAKA TECHNOLOGY
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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