Press release
Key Trends and Emerging Changes Shaping the Smart Aquaculture Market Landscape
Smart Aquaculture Market
Forecasted Market Valuation and Growth Prospects for Smart Aquaculture
The smart aquaculture market is projected to reach a valuation of $6.53 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.5%. This growth trajectory is fueled by rising demand for sustainable aquaculture models, widespread adoption of AI-powered tools, and increased automation in operations. Additionally, the growing use of cloud-based monitoring platforms and substantial investments in cutting-edge aquaculture technologies contribute to this upward trend. Key market developments expected during the forecast period include the broader application of automated feeding systems, enhanced emphasis on real-time water quality management, expansion in remote monitoring capabilities, and an overall shift toward data-driven stock management alongside resource-efficient aquaculture solutions.
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Key Players Driving the Smart Aquaculture Market Forward
Several prominent companies lead the smart aquaculture market, including AKVA Group AS, Steinsvik AS, Innovasea Systems Inc, In-Situ Inc, Imenco AS, Exosite, Bluegrove, Aquabyte Inc, OptoScale, Observe Technologies, Eruvaka Technologies Pvt Ltd, Adroit Inc., SENECT GmbH, Singapore Aquaculture Technologies, CPI Equipment Inc, AQ1 Systems Pty Ltd, MonitorFish GmbH, XpertSea Solutions Inc, CageEye AS, Pelagic Data Systems, AquaMaof Aquaculture Technologies Ltd, Maritech, VAKI Aquaculture Systems Ltd, and AquaManager. A significant development occurred in July 2024 when Norway-based AKVA Group ASA acquired the UK-based Observe Technologies Limited for up to $26 million. This acquisition aims to boost AKVA's digital capabilities and enhance their precision fish farming portfolio by integrating AI-driven automation and analytics. Observe Technologies is known for its AI-powered feeding and monitoring solutions that improve efficiency, sustainability, and fish welfare management in aquaculture operations.
Emerging Trends Shaping the Future of Smart Aquaculture
Leading companies in the smart aquaculture field are increasingly focusing on innovation, particularly the development of autonomous closed-containment fish farming systems. These advanced setups enable fish cultivation in fully enclosed environments with automated controls, which helps minimize external environmental impacts while optimizing water quality and resource usage. Such systems enhance operational efficiency, environmental sustainability, and fish health. For example, in October 2025, Bluegreen, a Norwegian engineering firm, introduced the FishGlobe 3.5K and FishGlobe 10K. These autonomous floating systems incorporate closed-containment technology designed to protect aquatic ecosystems while boosting production efficiency and fish welfare. The launch reflects progress toward scalable, sustainable aquaculture supported by interdisciplinary expertise and integration of biological monitoring.
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Detailed Market Segmentation for Smart Aquaculture
This report breaks down the smart aquaculture market into several key segments:
1) Offering: Hardware, Software, and Services
2) Type: Smart Feeding Systems, Monitoring and Control Systems, and Other Types
3) Application: Marine-Based Aquaculture and Land-Based Aquaculture
Further subcategories within hardware include sensors, automation systems, cameras, water quality monitoring devices, feeding systems, and monitoring and control systems. Software segments cover data analytics platforms, aquaculture management software, AI and machine learning-based solutions, cloud-based platforms, and monitoring and reporting software. Service offerings include system integration, consulting, training and support, as well as maintenance and repair services.
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