The global precision aquaculture market is estimated to grow from USD 407 million in 2021 to USD 794 million by 2026; at a CAGR of 14.3%.
Precision aquaculture technology has the potential to transform the aquaculture industry, making traditional aquaculture activities more efficient and economical. The growth of the precision aquaculture market is driven by factors such as growing investments in technological research and product innovation, the surging adoption of advanced technologies such as IoT, ROVs, and AI for the real-time monitoring of aquaculture farms, the rising demand for protein-rich aqua food, and increasing support by worldwide governments for infrastructure development in aquaculture.
RAS-based aquaculture farm to register higher CAGR during the forecast period
The precision aquaculture market for RAS-based aquaculture farms is projected to register the higher CAGR during the forecast period, by aquaculture farm type. The market for RAS-based aquaculture farms is expected to grow at a higher rate during the forecast period. Currently, RAS-based aquaculture farms constitute around 5% to 8% of the total farms in the world, which is expected to reach ~30% by 2030 (As per the Food and Agriculture Organization of United Nations). Growing awareness about the benefits of RAS-based aquaculture farming such as the requirement for less water as compared to conventional systems and environment-friendly systems is fueling the growth of the market during the forecast period.
Feed optimization is estimated to hold the largest share of the market during forecast period
The feed optimization segment of the precision aquaculture market is estimated to register largest market share in 2026, by application. Factors contributing toward the predominance of feed optimization application over others are the increasing adoption of advanced technologies such as AI and machine learning in aquaculture equipment and tools, and the growing demand for protein-rich aqua food.
Underwater remotely-operated vehicles to register higher CAGR during the forecast period
The precision aquaculture market for underwater remotely-operated vehicles is projected to register the higher CAGR during the forecast period, by system type. The adoption trend of underwater ROVs in Western Europe and North America has gained significant traction in recent years. Currently, countries such as the US, Canada, Norway, and Chile account for more than 60% of the installed base of underwater ROVs.
Hardware is estimated to hold the largest share of the market during forecast period
The hardware segment of the precision aquaculture market is estimated to register largest market share in 2026, by offering. Hardware components such as sensors, monitoring and control devices, smart feeding systems, underwater remotely-operated vehicles (ROVs), and climate control systems are expected to continue to account for the largest market share during the forecast year owing to the high adoption of automated aquaculture farm monitoring devices by aquaculture farm owners for increasing farm productivity and the efficient management of the farm.
South America is projected to become the fastest geographical market between 2021 and 2026
South America is expected to witness the highest CAGR in the precision aquaculture market during the forecast period due to the increasing adoption of automated solutions including underwater ROVs and smart camera systems in aquaculture farms and the growing focus on the deployment of IoT-based monitoring devices in aquaculture farms owing to various advantages such as increased productivity and the early detection of diseases among aquatic species offered by these monitoring devices.
Research Coverage
This report offers detailed insights into the precision aquaculture market based on system type (feeding systems, monitoring & control, underwater ROVs), offering (hardware, software, services), farm type (cage-based, RAS), application (feed optimization, farm monitoring, and surveillance, yield analysis and measurement) and region (North America, South America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA)) and Africa.
The report also provides a comprehensive review of precision aquaculture market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
The precision aquaculture market is dominated by a few established players such as AKVA group (Norway), InnovaSea Systems (US), Steinsvik (ScaleAQ) (Norway), Deep Trekker (Canada), Aquabyte (US), and Eruvaka Technologies (India).
Breakdown of profiles of primary participants:
- By Company: Tier 1 = 20%, Tier 2 = 45%, and Tier 3 = 35%
- By Designation: C-level Executives = 35%, Directors = 25%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 40%
- By Region: Americas = 45%, APAC = 20%, Europe = 25%, and RoW = 10%
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the precision aquaculture market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions and Exclusions: Offering Segment
1.2.2 Inclusions and Exclusions: System Type Segment
1.2.3 Inclusions and Exclusions: Other Segments
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographical Scope
1.4 Years Considered
1.5 Currency
1.6 Package Size
1.7 Limitations
1.8 Summary of Changes
1.9 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Precision Aquaculture Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 List of a Few Major Primary Participants
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size by Bottom-Up Analysis
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation: Demand-Side Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation: Supply-Side Approach
2.3 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
2.4.1 Key Market Assumptions
2.4.2 Growth Forecast Assumptions
3 Executive Summary
3.1 Post-COVID-19: Realistic Scenario
3.2 Post-COVID-19: Optimistic Scenario
3.3 Post-COVID-19: Pessimistic Scenario
Figure 7 Pre- and Post-COVID-19 Scenario Analyses for Precision Aquaculture Market, 2017-2026 (USD Million)
Figure 8 Hardware Segment to Hold Largest Share of Precision Aquaculture Market from 2021 to 2026
Figure 9 Market for Underwater Remotely-Operated Vehicle Systems to Grow at Highest CAGR from 2021 to 2026
Figure 10 Farm Monitoring and Surveillance Application to Account for Largest Size of Precision Aquaculture Market in 2026
Figure 11 Open Aquaculture Farms to Account for Larger Size of Precision Aquaculture Market in 2021
Figure 12 South America to Witness Highest CAGR in Precision Aquaculture Market During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Precision Aquaculture Market
Figure 13 Surging Adoption of Advanced Technologies such as IoT, ROVs, and AI in Aquaculture Farms
4.2 Precision Aquaculture Market in APAC, by Country and System Type
Figure 14 China and Monitoring & Control Systems to be Largest Shareholders of Precision Aquaculture Market in Asia-Pacific, by Country and System Type, Respectively, in 2020
4.3 Precision Aquaculture Market, by Application
Figure 15 Farm Monitoring & Surveillance Application to Hold Largest Share of Precision Aquaculture Market in 2026
4.4 Precision Aquaculture Market, by Offering
Figure 16 Hardware Segment to Dominate Precision Aquaculture Market in Terms of Size During Forecast Period
4.5 Precision Aquaculture Market, by Farm Type
Figure 17 Open Aquaculture Farms to Account for Larger Market Share Between 2021 and 2026
4.6 Geographic Analysis of Precision Aquaculture Market
Figure 18 Americas to Gain Significant Market Share of Global Precision Aquaculture Market by 2026
5 Market Overview
5.1 Market Dynamics
Figure 19 Precision Aquaculture Farming Market: Drivers, Restraints, Opportunities, and Challenges
5.1.1 Drivers
Figure 20 Precision Aquaculture Farming Market: Drivers and Their Impact
5.1.1.1 Surging Adoption of Advanced Technologies such as IoT, ROVs, and AI for Real-Time Monitoring of Aquaculture Farms
5.1.1.2 Growing Investments in Technological Research and Product Innovations
5.1.1.3 Rising Income Levels and Demand for Protein-Rich Aqua Food
Figure 21 Global Fishery Production, 2016-2026 (Million Tonnes)
5.1.1.4 Increasing Government Support Worldwide for Freshwater Aquaculture Production
Figure 22 Aquaculture Production in Major 10 Countries (Million Metric Tons)
5.1.2 Restraints
Figure 23 Precision Aquaculture Farming Market: Restraints and Their Impact
5.1.2.1 High Upfront Costs and Capital Expenditure
5.1.2.2 Need for Skilled Operators for Effective Management of Complex Systems
5.1.2.3 Lack of Technological Awareness Among Aquaculture Farmers
5.1.3 Opportunities
Figure 24 Precision Aquaculture Farming Market: Opportunities and Their Impact
5.1.3.1 Surging Adoption of Aquaculture Monitoring and Feed Optimization Devices in Developing Countries
5.1.3.2 Increasing Number of Cage-based Farms in Developing Regions Such as India, China, and South-East Asian Countries
Figure 25 Share of Major Cage-based Aquaculture-Producing Countries, 2018
Figure 26 Aquaculture Production Expected to Surpass Wild-Caught Fish Production by 2024
5.1.3.3 Growing Popularity of Land-Based Recirculating Aquaculture Systems
Table 1 Cost Analysis of RAS-based Aquaculture Farms
Figure 27 Contribution of Major Aquaculture Types to Overall Production in 2019
Figure 28 Global Fishing Fleet Installed Base of Different Sizes, 2017-2026 (Million Units)
5.1.4 Challenges
Figure 29 Precision Aquaculture Farming Market: Challenges and Their Impact
5.1.4.1 Environmental Concerns due to Extensive Aquaculture Farming
5.1.4.2 Lack of Common Information Management System Platform in Aquaculture Industry
6 Industry Trends
6.1 Value Chain Analysis
Figure 30 Value Chain Analysis: Precision Aquaculture Market
6.1.1 Major Market Players in Precision Aquaculture Market
Table 2 Precision Aquaculture Market: Supply Chain
6.2 Industry Trends
6.2.1 Advent of AI, AR/VR, and Blockchain in Aquaculture to Accelerate Market Growth
6.2.2 Use of Farm Automation Solutions, Remotely-Operated Vehicles, and Feeding Robots to Reduce Labor Costs
6.2.3 Adoption of Robotic Cages and Underwater Drones in Aquaculture Farms
6.3 Pricing Analysis: Average Selling Price (ASP) Trends
Figure 31 Average Selling Prices of Precision Aquaculture Sensors (In USD)
Table 3 Pricing Analysis for ROV System Components
6.4 List of Key Patents and Innovations in Precision Aquaculture Market, 2015-2020
Figure 32 Number of Patents Approved for Aquaculture Technologies Worldwide, 2015-2020
Figure 33 Applicant-Wise Analysis of Patents Filed by Players for Smart Farming, 2015-2020
6.5 Trade Data
Table 4 Import Data for Vacuum Pumps and Filtration Systems Under HS Code: 8414, 2015-2019 (USD Million)
Figure 34 Import Values of Vacuum Pumps and Filtration Systems in Major Countries, 2015-2019
Table 5 Export Data of Vacuum Pumps and Filtration Systems Under HS Code: 8414, 2015-2019 (USD Million)
Figure 35 Export Values of Vacuum Pumps and Filtration Systems in Major Countries, 2015-2019
6.6 Case Studies: Precision Aquaculture Market
6.6.1 Introduction
6.6.2 Open Blue
Table 6 Innovasea Helps Open Blue Become Largest Open Ocean Fish Farm in World
6.6.3 Earth Ocean Farms
Table 7 Innovasea Enables Earth Ocean Farms to Expand Production with Rugged Evolution Pens
6.6.4 Erko Seafood AS
Table 8 With AKVA Group's Expertise and Quick Service, Erko Seafood as Found Real Deal
6.6.5 Vermont Hatchery
Table 9 Vermont Hatchery Saves Millions in Energy Costs with Innovasea-Designed Recirculating Aquaculture System
6.6.6 The Kingfish Company
Table 10 With Philips Lighting, the Kingfish Zeeland Fishery Aims to Obtain Sustainable Production of Premium Marine Seafood
6.6.7 Gifas
Table 11 Philips Led Solutions Offer New Possibilities for Salmon Industry
6.6.8 Lingalaks
Table 12 Philips Led Lighting Helps in Preventing Sea Lice in Salmon Production
6.7 Porter's Five Forces Analysis
Figure 36 Precision Aquaculture Market: Porter's Five Forces Analysis
Table 13 Precision Aquaculture Market: Porter's Five Forces Analysis
6.7.1 Threat of New Entrants
6.7.2 Threat of Substitutes
6.7.3 Bargaining Power of Suppliers
6.7.4 Bargaining Power of Buyers
6.7.5 Intensity of Competitive Rivalry
6.8 Tariff and Regulatory Landscape
6.8.1 Tariff and Regulations in Precision Aquaculture
Table 14 Tariff Regulations: Precision Aquaculture
6.9 Precision Aquaculture Market Ecosystem
Figure 37 Smart Agriculture Ecosystem
7 Precision Aquaculture Market, by Offering
7.1 Introduction
Table 15 Precision Aquaculture Market, by Offering, 2017-2020 (USD Million)
Figure 38 Services Segment to Exhibit Highest CAGR in Precision Aquaculture Market During Forecast Period
Table 16 Precision Aquaculture Market, by Offering, 2021-2026 (USD Million)
7.2 Hardware
Table 17 Precision Aquaculture Market for Hardware, by Type, 2017-2020 (USD Million)
Figure 39 Sensors to Hold Largest Size of Precision Aquaculture Market for Hardware Systems in 2026
Table 18 Precision Aquaculture Market for Hardware, by Type, 2021-2026 (USD Million)
Table 19 Precision Aquaculture Sensor Market, by Type, 2017-2020 (USD Million)
Table 20 Precision Aquaculture Sensor Market, by Type, 2021-2026 (USD Million)
Table 21 Precision Aquaculture Sensor Market, by Type, 2017-2020 (Million Units)
Table 22 Precision Aquaculture Sensor Market, by Type, 2021-2026 (Million Units)
Table 23 Precision Aquaculture Market for Hardware, by System Type, 2017-2020 (USD Million)
Table 24 Precision Aquaculture Market for Hardware, by System Type, 2021-2026 (USD Million)
Table 25 Precision Aquaculture Market for Hardware, by Farm Type, 2017-2020 (USD Million)
Table 26 Precision Aquaculture Market for Hardware, by Farm Type, 2021-2026 (USD Million)
Table 27 Precision Aquaculture Market for Hardware, by Region, 2017-2020 (USD Million)
Figure 40 Americas to Witness Highest CAGR in Precision Aquaculture Market for Hardware Offering During Forecast Period
Table 28 Precision Aquaculture Market for Hardware, by Region, 2021-2026 (USD Million)
7.2.1 Sensors
7.2.1.1 Temperature and Environmental Sensors
7.2.1.1.1 Increasing Demand for Temperature and Environmental Sensors for Monitoring Fish Pens and Cages in Widely Varying Sea Conditions
7.2.1.2 PH and Dissolved Oxygen Sensors
7.2.1.2.1 Growing Need to Monitor Dissolved Oxygen Content to Boost Deployment of PH and Dissolved Oxygen Sensors
7.2.1.3 EC Sensors
7.2.1.3.1 EC Sensors to Witness Increased Adoption in RAS and Pond-based Aquaculture Farms
7.2.1.4 Others
7.2.2 Camera Systems
7.2.2.1 Rising Adoption of Smart HD and 4K Camera Systems in Aquaculture Farms
7.2.3 Control Systems
7.2.3.1 Market for Wireless Control Systems to Witness Significant Growth Rate in Coming Years
7.2.4 Others
7.3 Software
Table 29 Precision Aquaculture Software Market, by Type, 2017-2020 (USD Million)
Figure 41 On-Cloud Software Type to Witness Higher CAGR in Precision Aquaculture Market During Forecast Period
Table 30 Precision Aquaculture Software Market, by Type, 2021-2026 (USD Million)
Table 31 Precision Aquaculture Market for Software, by System Type, 2017-2020 (USD Million)
Table 32 Precision Aquaculture Market for Software, by System Type, 2021-2026 (USD Million)
Table 33 Precision Aquaculture Market for Software, by Farm Type, 2017-2020 (USD Million)
Table 34 Precision Aquaculture Market for Software, by Farm Type, 2021-2026 (USD Million)
Table 35 Precision Aquaculture Market for Software, by Region, 2017-2020 (USD Million)
Table 36 Precision Aquaculture Market for Software, by Region, 2021-2026 (USD Million)
7.3.1 On Cloud
7.3.1.1 Growing Popularity of Software-as-a-Service Model Fuels Demand for Cloud Technology to Ensure Remote Access to Crucial Data
7.3.2 On Premises
7.3.2.1 Ability to Reuse Existing Servers Fosters Growth of Market for On-Premise Software Solutions
7.4 Services
7.4.1 System Integration and Deployment
7.4.1.1 Integration of Hardware Equipment and Software Platform to Create New Opportunities
7.4.2 Consulting
7.4.2.1 Cage-based and RAS-based Farming to Offer Lucrative Opportunities for Consulting Services
7.4.3 Data Analytics
7.4.3.1 Increasing Deployment of IoT Devices on Aquaculture Farms to Provide Relevant Data for Data Analytics Services
7.4.4 Support and Maintenance
7.4.4.1 Support and Maintenance Services Help in Mitigating Frequent Hardware System Failures
Table 37 Precision Aquaculture Service Market, by Type, 2017-2020 (USD Million)
Table 38 Precision Aquaculture Service Market, by Type, 2021-2026 (USD Million)
Table 39 Precision Aquaculture Market for Services, by System Type, 2017-2020 (USD Million)
Figure 42 Monitoring and Control Systems to Hold Largest Size of Precision Aquaculture Market for Services from 2021 to 2026
Table 40 Precision Aquaculture Market for Services, by System Type, 2021-2026 (USD Million)
Table 41 Precision Aquaculture Market for Services, by Region, 2017-2020 (USD Million)
Table 42 Precision Aquaculture Market for Services, by Region, 2021-2026 (USD Million)
8 Precision Aquaculture Market, by System Type
8.1 Introduction
Table 43 Precision Aquaculture Market, by Systems Type, 2017-2020 (USD Million)
Figure 43 Underwater Remotely-Operated Vehicle Systems to Exhibit Highest CAGR in Precision Aquaculture Market from 2021 to 2026
Table 44 Precision Aquaculture Market, by Systems Type, 2021-2026 (USD Million)
8.2 Smart Feeding Systems
8.2.1 Smart Feeding Systems Ensure Optimum Feed Intake for Higher Productivity of Aquaculture Farms
Table 45 Precision Aquaculture Market for Smart Feeding Systems, by Offering, 2017-2020 (USD Million)
Table 46 Precision Aquaculture Market for Smart Feeding Systems, by Offering, 2021-2026 (USD Million)
Table 47 Precision Aquaculture Market for Smart Feeding Systems, by Farm Type, 2017-2020 (USD Million)
Table 48 Precision Aquaculture Market for Smart Feeding Systems, by Farm Type, 2021-2026 (USD Million)
Table 49 Precision Aquaculture Market for Smart Feeding Systems, by Region, 2017-2020 (USD Million)
Figure 44 Precision Aquaculture Market in Americas for Smart Feeding Systems to Grow at Highest CAGR from 2021 to 2026
Table 50 Precision Aquaculture Market for Smart Feeding Systems, by Region, 2021-2026 (USD Million)
8.3 Monitoring and Control Systems
8.3.1 Monitoring and Control Systems Effectively Monitor Health and Activities of Fish Ensuring Improved Productivity
Table 51 Precision Aquaculture Market for Monitoring and Control Systems, by Offering, 2017-2020 (USD Million)
Table 52 Precision Aquaculture Market for Monitoring and Control Systems, by Offering, 2021-2026 (USD Million)
Table 53 Precision Aquaculture Market for Monitoring and Control Systems, by Farm Type, 2017-2020 (USD Million)
Table 54 Precision Aquaculture Market for Monitoring and Control Systems, by Farm Type, 2021-2026 (USD Million)
Table 55 Precision Aquaculture Market for Monitoring and Control Systems, by Region, 2017-2020 (USD Million)
Figure 45 Precision Aquaculture Market in Americas for Monitoring and Control Systems to Grow at Highest CAGR from 2021 to 2026
Table 56 Precision Aquaculture Market for Monitoring and Control Systems, by Region, 2021-2026 (USD Million)
8.4 Underwater Remotely-Operated Vehicle Systems
8.4.1 Underwater ROV Systems to Capture Highest CAGR in Precision Aquaculture Market During Forecast Period
Table 57 Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems, by Offering, 2017-2020 (USD Million)
Table 58 Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems, by Offering, 2021-2026 (USD Million)
Table 59 Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems, by Region, 2017-2020 (USD Million)
Figure 46 Europe to Hold Largest Size of Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems in 2026
Table 60 Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems, by Region, 2021-2026 (USD Million)
8.5 Others
Table 61 Precision Aquaculture Market for Other System Types, by Offering, 2017-2020 (USD Million)
Table 62 Precision Aquaculture Market for Other System Types, by Offering, 2021-2026 (USD Million)
Table 63 Precision Aquaculture Market for Other Systems, by Application, 2017-2020 (USD Million)
Figure 47 Feed Optimization Application to Dominate Precision Aquaculture Market for Other Systems, in Terms of Size, During Forecast Period
Table 64 Precision Aquaculture Market for Other Systems, by Application, 2021-2026 (USD Million)
Table 65 Precision Aquaculture Market for Other System Types, by Aquaculture Farm Type, 2017-2020 (USD Million)
Table 66 Precision Aquaculture Market for Other System Types, by Aquaculture Farm Type, 2021-2026 (USD Million)
Table 67 Precision Aquaculture Market for Other System Types, by Region, 2017-2020 (USD Million)
Table 68 Precision Aquaculture Market for Other System Types, by Region, 2021-2026 (USD Million)
9 Precision Aquaculture Market, by Application
9.1 Introduction
Table 69 Precision Aquaculture Market, by Application, 2017-2020 (USD Million)
Figure 48 Farm Monitoring and Surveillance Application to Lead Precision Aquaculture Market in 2026
Table 70 Precision Aquaculture Market, by Application, 2021-2026 (USD Million)
9.2 Feed Optimization
9.2.1 Feed Optimization Application Held Largest Market Share of Precision Aquaculture Market in 2020
Table 71 Precision Aquaculture Market for Feed Optimization Application, by Offering, 2017-2020 (USD Million)
Table 72 Precision Aquaculture Market for Feed Optimization Application, by Offering, 2021-2026 (USD Million)
Table 73 Precision Aquaculture Market for Feed Optimization Application, by Region, 2017-2020 (USD Million)
Figure 49 APAC to Hold Largest Size of Precision Aquaculture Market for Feeding Optimization Application from 2021 to 2026
Table 74 Precision Aquaculture Market for Feed Optimization Application, by Region, 2021-2026 (USD Million)
9.3 Monitoring and Surveillance
9.3.1 Rising Adoption of AI and IoT Technologies for Farm Management to Propel Growth of Market for Monitoring and Surveillance Application
Table 75 Precision Aquaculture Market for Monitoring, and Surveillance Application, by Offering, 2017-2020 (USD Million)
Table 76 Precision Aquaculture Market for Monitoring and Surveillance Application, by Offering, 2021-2026 (USD Million)
Table 77 Precision Aquaculture Market for Monitoring and Surveillance Application, by Region, 2017-2020 (USD Million)
Figure 50 Monitoring and Surveillance Application Market in Americas Expected to Grow at Highest CAGR Between 2021 and 2026
Table 78 Precision Aquaculture Market for Monitoring and Surveillance Application, by Region, 2021-2026 (USD Million)
9.4 Yield Analysis and Measurement
9.4.1 Market for Yield Analysis and Measurement Application to Grow at Highest CAGR During Forecast Period
Table 79 Precision Aquaculture Market for Yield Analysis and Measurement Application, by Offering, 2017-2020 (USD Million)
Table 80 Precision Aquaculture Market for Yield Analysis and Measurement Application, by Offering, 2021-2026 (USD Million)
Table 81 Precision Aquaculture Market for Yield Analysis and Measurement Application, by Region, 2017-2020 (USD Million)
Figure 51 Precision Aquaculture Market for Yield Analysis and Measurement in Row is Expected to Grow at Highest CAGR from 2021 to 2026
Table 82 Precision Aquaculture Market for Yield Analysis and Measurement Application, by Region, 2021-2026 (USD Million)
9.5 Others
Table 83 Precision Aquaculture Market for Other Applications, by Offering, 2017-2020 (USD Million)
Table 84 Precision Aquaculture Market for Other Applications, by Offering, 2021-2026 (USD Million)
Table 85 Precision Aquaculture Market for Other Applications, by Region, 2017-2020 (USD Million)
Figure 52 Precision Aquaculture Market in Americas for Other Applications Expected to Grow at Highest CAGR from 2021 to 2026
Table 86 Precision Aquaculture Market for Other Applications, by Region, 2021-2026 (USD Million)
10 Precision Aquaculture Market, by Farm Type
10.1 Share of Major Cage-based Aquaculture-Producing Countries, 2018
Table 87 Precision Aquaculture Market, by Farm Type, 2017-2020 (USD Million)
Figure 53 RAS Farms to Exhibit Higher CAGR in Precision Aquaculture Market from 2021 to 2026
Table 88 Precision Aquaculture Market, by Farm Type, 2021-2026 (USD Million)
10.2 Contribution of Major Aquaculture Types to Overall Production in 2019
Table 89 Precision Aquaculture Market for Open Aquaculture Farms, by Type, 2017-2020 (USD Million)
Table 90 Precision Aquaculture Market for Open Aquaculture Farms, by Type, 2021-2026 (USD Million)
Table 91 Precision Aquaculture Market for Open Aquaculture Farms, by Offering, 2017-2020 (USD Million)
Table 92 Precision Aquaculture Market for Open Aquaculture Farms, by Offering, 2021-2026 (USD Million)
Table 93 Precision Aquaculture Market for Open Aquaculture Farms, by System Type, 2017-2020 (USD Million)
Table 94 Precision Aquaculture Market for Open Aquaculture Farms, by System Type, 2021-2026 (USD Million)
Table 95 Precision Aquaculture Market for Open Aquaculture Farms, by Application, 2017-2020 (USD Million)
Table 96 Precision Aquaculture Market for Open Aquaculture Farms, by Application, 2021-2026 (USD Million)
Table 97 Precision Aquaculture Market for Open Aquaculture Farms, by Region, 2017-2020 (USD Million)
Figure 54 Precision Aquaculture Market for Open Aquaculture Farms in Americas to Grow at Highest CAGR from 2020 to 2026
Table 98 Precision Aquaculture Market for Open Aquaculture Farms, by Region, 2021-2026 (USD Million)
10.2.1 Pond Based
10.2.1.1 Pond-based Farms to Hold Larger Share of Precision Aquaculture Market for Open Aquaculture Farms in 2020
10.2.2 Cage-based
10.2.2.1 Developing Countries to Offer New Market Opportunities for Cage-based Aquaculture Farms During Forecast Period
10.3 Average Selling Prices of Precision Aquaculture Sensors (In USD)
10.3.1 RAS Farms to Exhibit Higher CAGR from 2021 to 2026
Table 99 Precision Aquaculture Market for RAS Farms, by Offering, 2017-2020 (USD Million)
Table 100 Precision Aquaculture Market for RAS Farms, by Offering, 2021-2026 (USD Million)
Table 101 Precision Aquaculture Market for RAS Farms, by System Type, 2017-2020 (USD Million)
Table 102 Precision Aquaculture Market for RAS Farms, by System Type, 2021-2026 (USD Million)
Table 103 Precision Aquaculture Market for RAS Farms, by Application, 2017-2020 (USD Million)
Table 104 Precision Aquaculture Market for RAS Farms, by Application, 2021-2026 (USD Million)
Table 105 Precision Aquaculture Market for RAS Farms, by Region, 2017-2020 (USD Million)
Figure 55 Precision Aquaculture Market for RAS Farms in Europe to Grow at Highest CAGR from 2021 to 2026
Table 106 Precision Aquaculture Market for RAS Farms, by Region, 2021-2026 (USD Million)
11 Geographic Analysis
11.1 Open Blue
Figure 56 Precision Aquaculture Market: Geographic Snapshot
Table 107 Precision Aquaculture Market, by Region, 2017-2020 (USD Million)
Table 108 Precision Aquaculture Market, by Region, 2021-2026 (USD Million)
11.2 Erko Seafood AS
Table 109 Precision Aquaculture Market in Americas, by System Type, 2017-2020 (USD Million)
Table 110 Precision Aquaculture Market in Americas, by System Type, 2021-2026 (USD Million)
Table 111 Precision Aquaculture Market in Americas, by Offering, 2017-2020 (USD Million)
Table 112 Precision Aquaculture Market in Americas, by Offering, 2021-2026 (USD Million)
Table 113 Precision Aquaculture Market in Americas, by Application, 2017-2020 (USD Million)
Table 114 Precision Aquaculture Market in Americas, by Application, 2021-2026 (USD Million)
Table 115 Precision Aquaculture Market in Americas, by Aquaculture Farm Type, 2017-2020 (USD Million)
Table 116 Precision Aquaculture Market in Americas, by Aquaculture Farm Type, 2021-2026 (USD Million)
Table 117 Precision Aquaculture Market in Americas, by Region, 2017-2020 (USD Million)
Table 118 Precision Aquaculture Market in Americas, by Region, 2021-2026 (USD Million)
11.2.1 North America
Figure 57 Snapshot: Precision Aquaculture Market in North America
Table 119 Precision Aquaculture Market in North America, by System Type, 2017-2020 (USD Million)
Table 120 Precision Aquaculture Market in North America, by System Type, 2021-2026 (USD Million)
Table 121 Precision Aquaculture Market in North America, by Offering, 2017-2020 (USD Million)
Table 122 Precision Aquaculture Market in North America, by Offering, 2021-2026 (USD Million)
Table 123 Precision Aquaculture Market in North America, by Application, 2017-2020 (USD Million)
Table 124 Precision Aquaculture Market in North America, by Application, 2021-2026 (USD Million)
Table 125 Precision Aquaculture Market in North America, by Country, 2017-2020 (USD Million)
Table 126 Precision Aquaculture Market in North America, by Country, 2021-2026 (USD Million)
11.2.1.1 US
11.2.1.1.1 US Accounted for Largest Share of Precision Aquaculture Market in North America
11.2.1.2 Canada
11.2.1.2.1 Large Presence of Aquaculture Farms is Fostering Growth of Precision Aquaculture Market
11.2.1.3 Mexico
11.2.1.3.1 Market in Mexico is Expected to Witness Robust Growth During Forecast Period
11.2.2 South America
Figure 58 Snapshot: Precision Aquaculture Market in South America
Table 127 Precision Aquaculture Market in South America, by System Type, 2017-2020 (USD Million)
Table 128 Precision Aquaculture Market in South America, by System Type, 2021-2026 (USD Million)
Table 129 Precision Aquaculture Market in South America, by Offering, 2017-2020 (USD Million)
Table 130 Precision Aquaculture Market in South America, by Offering, 2021-2026 (USD Million)
Table 131 Precision Aquaculture Market in South America, by Application, 2017-2020 (USD Million)
Table 132 Precision Aquaculture Market in South America, by Application, 2021-2026 (USD Million)
Table 133 Precision Aquaculture Market in South America, by Country, 2017-2020 (USD Million)
Table 134 Precision Aquaculture Market in South America, by Country, 2021-2026 (USD Million)
11.2.2.1 Brazil
11.2.2.1.1 Established Aquaculture Industry in Brazil is Conducive to Growth of Market
11.2.2.2 Chile
11.2.2.2.1 Chile to Hold Largest Share of Precision Aquaculture Market in South America During Forecast Period
11.2.2.3 Ecuador
11.2.2.3.1 Market in Ecuador is Projected to Grow at Fastest CAGR in South America
11.2.2.4 Rest of South America
11.3 Temperature and Environmental Sensors
Figure 59 Snapshot: Precision Aquaculture Market in Europe
Table 135 Precision Aquaculture Market in Europe, by System Type, 2017-2020 (USD Million)
Table 136 Precision Aquaculture Market in Europe, by System Type, 2021-2026 (USD Million)
Table 137 Precision Aquaculture Market in Europe, by Offering, 2017-2020 (USD Million)
Table 138 Precision Aquaculture Market in Europe, by Offering, 2021-2026 (USD Million)
Table 139 Precision Aquaculture Market in Europe, by Application, 2017-2020 (USD Million)
Table 140 Precision Aquaculture Market in Europe, by Application, 2021-2026 (USD Million)
Table 141 Precision Aquaculture Market in Europe, by Farm Type, 2017-2020 (USD Million)
Table 142 Precision Aquaculture Market in Europe, by Farm Type, 2021-2026 (USD Million)
Table 143 Precision Aquaculture Market in Europe, by Country, 2017-2020 (USD Million)
Table 144 Precision Aquaculture Market in Europe, by Country, 2021-2026 (USD Million)
11.3.1 Norway
11.3.1.1 Higher Adoption of Technologies and Presence of Prominent Market Players are Fostering Growth of Precision Aquaculture Market
11.3.2 Spain
11.3.2.1 Growing Awareness About Benefits Associated with Aquaculture Automation to Drive Growth of Market
11.3.3 UK
11.3.3.1 Brexit Deal to Impact Aquaculture Industry of UK
11.3.4 France
11.3.4.1 Presence of Large Number of Fishing Fleet in France
11.3.5 Italy
11.3.5.1 Government Regulations to Foster Growth of Precision Aquaculture Market
11.3.6 Rest of Europe
11.4 Growing Popularity of Software-as-a-Service Model Fuels Demand for Cloud Technology to Ensure Remote Access to Crucial Data
Figure 60 Snapshot: Precision Aquaculture Market in Asia-Pacific
Table 145 Precision Aquaculture Market in Asia-Pacific, by System Type, 2017-2020 (USD Million)
Table 146 Precision Aquaculture Market in Asia-Pacific, by System Type, 2021-2026 (USD Million)
Table 147 Precision Aquaculture Market in Asia-Pacific, by Offering, 2017-2020 (USD Million)
Table 148 Precision Aquaculture Market in Asia-Pacific, by Offering, 2021-2026 (USD Million)
Table 149 Precision Aquaculture Market in Asia-Pacific, by Application, 2017-2020 (USD Million)
Table 150 Precision Aquaculture Market in Asia-Pacific, by Application, 2021-2026 (USD Million)
Table 151 Precision Aquaculture Market in Asia-Pacific, by Farm Type, 2017-2020 (USD Million)
Table 152 Precision Aquaculture Market in Asia-Pacific, by Farm Type, 2021-2026 (USD Million)
Table 153 Precision Aquaculture Market in Asia-Pacific, by Country, 2017-2020 (USD Million)
Table 154 Precision Aquaculture Market in Asia-Pacific, by Country, 2021-2026 (USD Million)
11.4.1 China
11.4.1.1 China Accounted for Largest Market Share in Asia-Pacific in 2020
11.4.2 Southeast Asia
11.4.2.1 Precision Aquaculture Market in Southeast Asia to Witness Robust Growth from 2021 to 2026
11.4.3 Japan
11.4.3.1 Technological Advancements in Shrimp Farming in Japan to Open New Opportunities for Precision Aquaculture Market from 2021 to 2026
11.4.4 South Korea
11.4.4.1 Increasing Investments by Key Players and Government Support to Fuel Market Growth During Forecast Period
11.4.5 India
11.4.5.1 India to Witness Highest CAGR in Precision Aquaculture Market in APAC from 2021 to 2026
11.4.6 Rest of Asia-Pacific
11.5 Precision Aquaculture Market, by Systems Type, 2021-2026 (USD Million)
Table 155 Precision Aquaculture Market in RoW, by System Type, 2017-2020 (USD Million)
Table 156 Precision Aquaculture Market in RoW, by System Type, 2021-2026 (USD Million)
Table 157 Precision Aquaculture Market in RoW, by Offering, 2017-2020 (USD Million)
Table 158 Precision Aquaculture Market in RoW, by Offering, 2021-2026 (USD Million)
Table 159 Precision Aquaculture Market in RoW, by Application, 2017-2020 (USD Million)
Table 160 Precision Aquaculture Market in RoW, by Application, 2021-2026 (USD Million)
Table 161 Precision Aquaculture Market in RoW, by Farm Type, 2017-2020 (USD Million)
Table 162 Precision Aquaculture Market in RoW, by Farm Type, 2021-2026 (USD Million)
Table 163 Precision Aquaculture Market in RoW, by Region, 2017-2020 (USD Million)
Table 164 Precision Aquaculture Market in RoW, by Region, 2021-2026 (USD Million)
11.5.1 Africa
11.5.1.1 Low Adoption Rate in Africa Owing to Lack of Technological Awareness Among Aquaculture Farmers
11.5.2 Middle East
11.5.2.1 Increasing R&D Investments to Boost Adoption of Aquaculture Robots
12 Competitive Landscape
12.1 Precision Aquaculture Market for Monitoring and Control Systems, by Region, 2017-2020 (USD Million)
Figure 61 Product Launches: Key Strategies Adopted by Major Players from 2017 to 2020
12.2 Precision Aquaculture Market for Monitoring and Control Systems, by Region, 2021-2026 (USD Million)
Table 165 Precision Aquaculture Market: Degree of Competition (2020)
12.3 Underwater ROV Systems to Capture Highest CAGR in Precision Aquaculture Market During Forecast Period
Figure 62 Precision Aquaculture Market Evaluation Framework
12.4 Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems, by Offering, 2021-2026 (USD Million)
Figure 63 Revenue Analysis for Major Players in Precision Aquaculture Market, 2015-2019
12.5 Europe to Hold Largest Size of Precision Aquaculture Market for Underwater Remotely-Operated Vehicle Systems in 2026
12.5.1 Star
12.5.2 Pervasive
12.5.3 Emerging Leader
12.5.4 Participant
Figure 64 Precision Aquaculture Market (Global) Competitive Leadership Mapping, 2020
12.6 Feed Optimization Application to Dominate Precision Aquaculture Market for Other Systems, in Terms of Size, During Forecast Period
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 65 Precision Aquaculture Market (Global) Competitive Leadership Mapping, SME Ecosystem, 2020
Table 166 Company Footprint
Table 167 Company Application Footprint
Table 168 Company Product Footprint
Table 169 Company Region Footprint
12.7 Precision Aquaculture Market, by Application, 2021-2026 (USD Million)
12.7.1 Product Launches and Developments
Table 170 Product Launches and Developments, 2017-2020
12.7.2 Deals
Table 171 Precision Aquaculture Market: Deals, January 2017-December 2020
13 Company Profiles
13.1 Introduction
(Business Overview, Products Offered, Recent Developments, and Analyst's View)*
13.1.1 AKVA Group
Table 172 AKVA Group: Company Overview
Figure 66 AKVA Group: Company Snapshot
13.1.2 Steinsvik (Part of ScaleAQ)
Table 173 Steinsvik (ScaleAQ): Company Overview
13.1.3 InnovaSea Systems
Table 174 InnovaSea Systems: Company Overview
13.1.4 Deep Trekker
Table 175 Deep Trekker: Company Overview
13.1.5 Eruvaka Technologies
Table 176 Eruvaka Technologies: Company Overview
13.1.6 Bluegrove
Table 177 Bluegrove: Company Overview
13.1.7 Aquabyte
Table 178 Aquabyte: Company Overview
13.1.8 Akuakare
Table 179 Akuakare: Company Overview
13.1.9 CPI Equipment
Table 180 CPI Equipment: Company Overview
13.1.10 Lifegard Aquatics
Table 181 Lifegard Aquatics: Company Overview
*Business Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies
13.2 Other Prominent Players
13.2.1 Pentair Aquatic Eco-Systems (AES), Part of Pentair LP
Table 182 Pentair Aquatic Eco-Systems (AES): Company Overview
13.2.2 Signify
Table 183 Signify: Company Overview
13.2.3 Imenco AS
Table 184 Imenco AS: Company Overview
13.2.4 Optimar AS
Table 185 Optimar AS: Company Overview
13.2.5 In-Situ, Inc.
Table 186 In-Situ: Company Overview
13.2.6 OxyGaurd
Table 187 OxyGuard: Company Overview
13.2.7 MonitorFish
Table 188 MonitorFish: Company Overview
13.2.8 Jala Tech
Table 189 Jala Tech: Company Overview
13.2.9 Aquaconnect
Table 190 Aquaconnect: Company Overview
13.2.10 Sensorex
Table 191 Sensorex: Company Overview
13.2.11 Osmo Systems
Table 192 Osmo Systems: Company Overview
13.2.12 AquaMaof
Table 193 AquaMaof: Company Overview
13.2.13 Planet Lighting
Table 194 Planet Lighting: Company Overview
13.2.14 Maritech Systems
Table 195 Maritech Systems: Company Overview
13.2.15 Observe Technologies
Table 196 Observe Technologies: Company Overview
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customization
Executive Summary
Companies Mentioned
- Akuakare
- AKVA Group
- Aquabyte
- Aquaconnect
- AquaMaof
- Bluegrove
- CPI Equipment
- Deep Trekker
- Earth Ocean Farms
- Erko Seafood AS
- Eruvaka Technologies
- GIFAS
- Imenco AS
- In-Situ, Inc.
- InnovaSea Systems
- Jala Tech
- Lifegard Aquatics
- Lingalaks
- Maritech Systems
- MonitorFish
- Observe Technologies
- Optimar AS
- Osmo Systems
- OxyGaurd
- Pentair Aquatic Eco-Systems (AES), Part of Pentair LP
- Philips
- Planet Lighting
- Sensorex
- Signify
- Steinsvik (Part of ScaleAQ)
- The Kingfish Company
- Vermont Hatchery
Methodology
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