Precision Aquaculture Market 2021: Industry Overview, Trends, Growth and Forecast 2027
Precision aquaculture is made up of a number of hardware and software components that are all linked together. Sensors put in the marine environment are an important aspect of these components since they interpret, monitor, evaluate, and provide farm decision support. Sensors such as optical, acoustic, and biological sensors are utilized to gather insights into the farm environment, which aid in making decisions to improve fish productivity and developmental return while also reducing environmental risk.
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Increased investments in technological research and product innovations, as well as rising income levels and requirement for protein-rich aqua nutrition, focused attention on the implementation of large-scale offshore aquaculture initiatives, increased government initiatives, and improved efficiency and profitability of customary aquaculture are all key factors driving future growth. Furthermore, a rise in the number of cage-based farms in developing emerging countries such as India, China, and South-East Asian countries, as well as a rise in the popularity of land-based recirculating aquaculture systems, will open new and innovative possibilities for the precision aquaculture market during the forecast period. Nevertheless, rising upfront costs and capital spending, a scarcity of skilled operators for efficient management of complex processes, and a lack of technical awareness among aquaculture farmers are one of the major factors acting as restraints, whereas a lack of a common information systems platform in the aquaculture industry and a boost in environmental issues due to exacerbation of exacerbation of exacerbation of exacerbation of exacerbation of exacerbation of exacerbation.
The global Precision aquaculture market is fragmented in terms of application, rearing system, component, and farm type. On the basis of rearing system, the precision aquaculture market has been categorized into, monitoring and control systems, smart feeding systems, underwater Rov systems and others. In terms of application, the precision aquaculture market has been segregated into monitoring, feeding management, control and surveillance and others. On the basis of component, the precision aquaculture market is divided into software, hardware, and service. The precision aquaculture market is also classified in terms of farm type which is further divided into RAS and cage-based.
Due to rising income levels and consumption for protein-rich aqua food, increased emphasis on the deployment of large-scale offshore aquaculture projects, and increased government programs, Asia-Pacific leads the precision aquaculture market. In terms of improve the productivity and profitability of traditional aquaculture activities in Europe, this region is predicted to grow.
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Some of the major players working in precision aquaculture market, which include InnovaSea Systems, Eruvaka Technology, In-Situ, Lifegard Aquatics, CPI Equipment, Aquabyte, Scale AQ, Observe Technology, Deep Trekker, Steinsvik, Akuakare, JALA Tech, Monitor Fish, Imenco Aquaculture
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