Press release
AI in Sustainable Fisheries and Aquaculture Market Accelerates with Emerging Applications in Disease Detection and Yield Prediction
AI in Sustainable Fisheries and Aquaculture Market
According to the latest research by InsightAce Analytic, the Global AI in Sustainable Fisheries and Aquaculture Market is valued at US$ 573.3 Bn in 2023, and it is expected to reach US$ 1,462.8 Bn by 2031, with a CAGR of 12.7% during the forecast period of 2024-2031.
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The integration of artificial intelligence (AI) within sustainable fisheries and aquaculture is driving advancements in automation, enabling real-time decision-making, and enhancing overall operational efficiency. In response to increasing concerns over the depletion of seafood resources, the adoption of AI technologies in this sector is projected to experience significant growth in the coming years. The widespread application of deep learning, computer vision, machine learning, and natural language processing across diverse industries is expected to further accelerate the expansion of the global AI market in sustainable fisheries and aquaculture.
Moreover, evolving consumer preferences favoring sustainably sourced seafood, coupled with rising urbanization and increased disposable incomes, are anticipated to generate substantial revenue opportunities for industry participants. Significant investments by leading companies, alongside continuous innovations in end-use product development, have created favorable conditions for manufacturers and suppliers. Additionally, supportive government policies aimed at encouraging AI adoption in sustainable fisheries and aquaculture, driven by heightened environmental awareness, are expected to underpin the ongoing growth of this market.
List of Prominent Players in the AI in Sustainable Fisheries and Aquaculture Market:
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• XpertSea Solutions Inc.
• Aquabyte
• Antai Technology
• AquacultureTalent
• ImpactVision
• Aquaculture Analytics
• Eruvaka Technologies
• AquaByte AI
• Deep Trekker Inc.
• OptoScale AI
• VAKI Aquaculture Systems Ltd.
• Fishtek Marine
• Scanmar AS
• Bluegrove Ltd.
• AKVA Group
• BioSort AS
• Kongsberg Gruppen
• InnovaSea Systems, Inc.
• Aquabyte AI
• Osmo Systems
• Umitron
• Manolin
• Others
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Market Dynamics
Drivers:
The growing global demand for fish production to address food security and enhance cost efficiency are key factors propelling the expansion of the AI market in sustainable fisheries and aquaculture. The increasing implementation of AI technologies within seafood production processes is anticipated to significantly drive revenue growth. Additionally, heightened focus on sustainable and nutritious food sources is expected to further stimulate demand for AI solutions, thereby supporting market development.
Challenges:
Market growth faces challenges including limited awareness and regulatory complexities in developing regions, which may impede the widespread adoption of AI technologies in sustainable fisheries and aquaculture. Moreover, the high costs associated with AI implementation, coupled with rising consumer expectations for superior product quality, are likely to constrain market expansion. The economic disruptions caused by the COVID-19 pandemic have also negatively impacted the industry, resulting in supply chain interruptions, production halts, and inventory backlogs across distributors, suppliers, and retailers.
Regional Trends:
North America is poised to maintain a significant revenue share in the AI-driven sustainable fisheries and aquaculture market, with projections indicating a robust compound annual growth rate (CAGR) in the near term. This growth is supported by broad AI adoption, rapid urbanization, industrial development, and intensive research and development activities by prominent industry players. Europe similarly commands a substantial market presence, driven by its advanced economic landscape and increasing utilization of advanced technologies such as computer vision, machine learning, and robotics. Collaborative initiatives and the strategic presence of key stakeholders further enhance the growth outlook for AI applications in sustainable fisheries and aquaculture across these regions.
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Recent Developments:
• In 2023, XpertSea revealed its XpertSense system, a sensor-based AI platform that supports shrimp farmers to observe and manage their farms.
Segmentation of AI in Sustainable Fisheries and Aquaculture Market
AI in Sustainable Fisheries and Aquaculture Market- By Species
• Finfish
• Shellfish
• Crustaceans
AI in Sustainable Fisheries and Aquaculture Market- By Application
• Aquaculture Monitoring and Control
• Fish Health Monitoring and Disease Detection
• Feed Management and Optimization
• Water Quality Monitoring
• Stock Management and Yield Prediction
AI in Sustainable Fisheries and Aquaculture Market- By Technology
• Machine Learning Algorithms
• Computer Vision Systems
• Natural Language Processing
• Robotics and Automation
• Data Analytics and Predictive Modeling
AI in Sustainable Fisheries and Aquaculture Market- By End-User
• Fish Farms and Hatcheries
• Seafood Processing Companies
• Research Institutions and Universities
• Government Agencies and Regulatory Bodies
• Technology Providers and AI Solution Developers)
AI in Sustainable Fisheries and Aquaculture Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-sustainable-fisheries-and-aquaculture-market/2763
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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