Press release
Precision Aquaculture Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Precision Aquaculture
What Is the Expected Precision Aquaculture Market Size During the Forecast Period?
The precision aquaculture market size will grow from $0.53 billion in 2024 to $0.6 billion in 2025 at a CAGR of 13.5%. Growth is driven by rising demand for seafood, environmental awareness, government support, and improvements in fish health management.
The precision aquaculture market is forecasted to grow to $0.99 billion by 2029 at a CAGR of 13.2%. Growth drivers include food safety focus, aquaculture innovation investments, expanding operations, population growth, and rising middle-class income. Key trends include AI and machine learning adoption, remote sensing technology advancements, blockchain for traceability, advanced data analytics
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What Are the High-Growth Segments in the Precision Aquaculture Market?
The precision aquaculturemarket covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Farm Type: Open Aquaculture Farm, Recirculatory Aquaculture System (RAS) Farm
3) By Application: Feed Optimization, Monitoring And Surveillance, Yield Analysis And Measurement, Other Applications
Subsegments:
1) By Hardware: Sensors, Cameras, Feeding Systems, Water Quality Monitoring Devices, Control Systems, Autonomous Vehicles
2) By Software: Data Management Software, Monitoring And Control Software, Analytics Software, Simulation And Modeling Software, Reporting And Compliance Software
3) By Service: Consulting Services, Installation And Deployment Services, Maintenance And Support Services, Training Services, Data Analysis And Interpretation Services
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What Key Drivers Are Expected to Influence Future Precision Aquaculture Market Growth?
The increasing global demand for seafood is expected to drive the precision aquaculture market. Seafood is valued for its health benefits, including proteins and omega-3 fatty acids, and growing consumer interest in sustainable food options. Precision aquaculture optimizes seafood farming practices, ensuring sustainable resource management and better health and quality of aquatic species. In 2021-22, Australians consumed about 350,000 tonnes of seafood, and the value of fishery and aquaculture imports rose by 2%, indicating the rising demand for seafood and the role of precision aquaculture in meeting this demand.
Which Companies Hold the Largest Share Across Different Precision Aquaculture Market Segments?
Major companies operating in the precision aquaculture market are Signify N.V., Pentair PLC, Nofima AS, Cermaq Group AS, Skretting, Grieg Seafood ASA, AKVA Group ASA, ScaleAQ, Benchmark Holdings PLC, In-Situ Inc., InnovaSea Systems Inc., Biomar Group, INVE Aquaculture, Eruvaka Technologies, BioFishency Ltd., Ace Aquatec, OxyGuard International A/S, Planet Lighting Ltd., AquaMaof Aquaculture Technologies Ltd., SNRAS Systems Private Ltd.
What Trends Are Expected to Dominate the Precision Aquaculture Market in the Next 5 Years?
Companies in the precision aquaculture market are developing products like AI-based aquaculture cameras to optimize farming practices. These cameras integrate artificial intelligence algorithms to monitor fish health and manage feeding and stocking. For instance, in July 2024, ReelData AI, a Canada-based software company, introduced ReelVision, an AI camera system designed for fish farms. This system helps farmers optimize feeding, stocking density, and health management, reducing waste and minimizing environmental impact.
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What Are the Emerging Geographies for The Precision Aquaculture Market Growth?
Asia-Pacific was the largest region in the precision aquaculture market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precision aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Precision Aquaculture Market?
2. What is the CAGR expected in the Precision Aquaculture Market?
3. What Are the Key Innovations Transforming the Precision Aquaculture Industry?
4. Which Region Is Leading the Precision Aquaculture Market?
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