Precision Aquaculture Market Size Worth US$933.56 Million Global At 13.4% CAGR By 2028: Verified Market Research®


JERSEY CITY, NJ, February 21, 2022 /PRNewswire/ — Verified Market Research recently published a report: “Precision Aquaculture MarketBy system type (feeding systems, monitoring and control, submersible ROVs), by offering (hardware, software, services), by farm type (cage-based, RAS), and by geography. According to verified market research, the global precision aquaculture market size has been assessed $335.22 million in 2020 and is expected to be achieved $933.56 million to 2028 and growing at a CAGR of 13.4% from 2021 to 2028.

Download PDF brochure:

Browse the detailed table of contents atPrecision Aquaculture Market

202 pages
37 – Numbers

Overview of the global precision aquaculture market

Key demand for protein-rich aquafood followed by rising middle-class incomes is driving the global precision aquaculture market. The greater adoption of the latest modern technology, artificial intelligence, feeding robots and remotely operated underwater vehicles will increase demand for the global precision aquaculture market. The growing number of aquaculture farms and an increase in aquaculture production are bringing countless growth opportunities to the market. In addition, the escalation focuses on the deployment of large-scale offshore aquaculture projects and various government initiatives will have a positive impact on the potential growth of the market.

The increasing popularity of aquaculture is a contributor to significant opportunities for the implementation of land-based recirculating aquaculture systems. Among the notable elements that are hampering the growth of the global precision aquaculture market are the high monitoring costs of aquaculture farms, the limited availability of skilled operators, the system complexity, the need for high capital expenditure, and the lack of technological awareness among farmers across the globe. The high operating costs of vessels and the unforeseen environmental degradation in seawater further hamper the precision aquaculture market during the forecast period. It is estimated that an increasing number of aquaculture farms around the world is creating significant opportunities for the precision aquaculture market.

Important Developments

  • in the November 2020Innovasea Systems introduced new V3 acoustic telemetry transmitters, which are the smallest in its industry-leading line of fish finder tags.
  • in the November 2020AKVA Group has entered into an agreement with Nordic Aqua Ningbo to supply a complete outdoor RAS installation shanghai. The project has a planned production volume of 8,000 tons in 2026. In 2020, Daikin launched “Carrime”, a portable air conditioner, using the Daikin Launch X innovation platform.

key figures

The main players in the market are AKVA Group, InnovaSea System, Steinsvik, Deep Trekker, Aquabyte, Eruvaka Technologies, Akuakare, CPI Equipment, Bluegrove, Jala Tech, among others.

Verified Market Research has segmented the global precision aquaculture market on the basis of system type, offering, farm type, and geography.

  • Precision Aquaculture Market by System Type
    • feeding systems
    • Monitoring & Control
    • underwater ROVs
  • Precision Aquaculture Market by Supply
    • hardware
    • software
    • Services
  • Precision Aquaculture Market by Farm Type
  • Precision Aquaculture Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • United Kingdom
      • the rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • the rest of Asia Pacific
    • LINE
      • middle East & Africa
      • Latin America

Browse Related Reports:

Grow Lights Market By Product (High-Intensity Discharge (HID), LED, Fluorescent), By Application (Indoor Farming, Vertical Farming, Commercial Greenhouse), By Geography, Forecast, 2020-2027Global

Precision farming market By Supply (Hardware, Software, Services), By Technology (Guidance Technology, Remote Sensing), By Application (Yield Monitoring, Crop Scouting, Field Mapping), By Geography, Forecast, 2020-2027

Micro Irrigation Systems Market By Type (Microsprinkler, Drip), By Crop (Field Crops, Plantation Crops), By End Users (Farmers, Industrial Users), By Components (Filter, Dripper, Microspray), By Geography, Forecast, 2020-2027

High-end greenhouse market By Application (Commercial, Residential), By Crop Type (Vegetables, Fruits, Floriculture), By Vegetables (Tomatoes, Cucumbers, Peppers), By Geography, Forecast, 2020-2027

Top Smart Farming Company Market revival of agricultural economies

Visualize Precision Aquaculture Market With Verified Market Insights :-:

Verified market information is ours BI-enabled platform for narrative storytelling of this market. VMI provides detailed forecast trends and in-depth insights into over 20,000 emerging and niche markets, helping you make critical revenue decisions for a bright future.

VMI provides a holistic view and global competitive landscape in terms of region, country and segment along with the key players of your market. Present your market report and findings with an integrated presentation feature that saves over 70% of your time and resources for investor, sales and marketing, R&D, and product development meetings. VMI enables data delivery in Excel and interactive PDF formats with 15+ key market indicators for your market.

about us

Verified Market Research is a leading global research and advisory firm serving more than 5000 clients. Verified Market Research offers advanced analytical research solutions while providing information-enriched research studies. We provide insights into strategy and growth analytics, data needed to achieve business goals and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance, using industry techniques to collect and analyze data on more than 15,000 major and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, domain knowledge and years of collective experience to produce informative and accurate research results.

We examine more than 14 categories covering Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communications Technology, Software & Services, Information Security, Mining, Minerals & Metals as well as Building & Construction, Agribusiness and Medical Devices from over 100 countries.

Contact us
Mister. Edwyne Fernandes
Verified Market Research®
United States: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
United States toll-free: +1 (800)-782-1768
E-mail: [email protected]
Follow us: LinkedIn | Twitter

SOURCE Verified Market Research


Comments are closed.