What are the recent trends in market size and growth for the precision aquaculture market?
The precision aquaculture market size has grown rapidly in recent years. It will grow from $0.53 billion in 2024 to $0.6 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to growing demand for seafood, rising awareness of the environmental impact, government support and regulations, rising operational costs, and improvements in fish health management.
The precision aquaculture market size is expected to see rapid growth in the next few years. It will grow to $0.99 billion in 2029 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to increasing focus on food safety and quality, rising investments in aquaculture innovations, expansion of aquaculture operations, rising population, and rising middle-class income. Major trends in the forecast period include the adoption of artificial intelligence (AI) and machine learning, advancements in remote sensing technologies, integration of blockchain for traceability, development of advanced data analytics platforms, and enhanced farm management software.
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How have varous drivers impacted the growth of the precision aquaculture market?
Growing global demand for seafood is expected to propel the growth of the precision aquaculture market going forward. Seafood refers to any form of edible marine life that is harvested from oceans, rivers, lakes, or other bodies of water. Seafood demand is high due to its health benefits, including being rich in proteins and omega-3 fatty acids, along with growing consumer interest in sustainable and nutritious food options. Precision aquaculture enhances seafood production by optimizing farming practices, ensuring sustainable resource management, and improving the overall health and quality of aquatic species. For instance, in December 2023, according to the Department of Agriculture, Fisheries, and Forestry, an Australia-based government department, Australians consumed approximately 350,000 tones of seafood in 2021–22, averaging 13.8 kilograms per person. The value of fishery and aquaculture imports also rose by 2% to $2.19 billion, primarily due to an increase in prawn imports. Therefore, the growing global demand for seafood is driving the growth of the precision aquaculture market.
What are the primary segments of 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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Which firms are leading the precision aquaculture market?
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.
How will industry trends affect the trajectory of the precision aquaculture market?
Major companies operating in the precision aquaculture market are focused on developing innovative products such as artificial intelligence (AI)-based aquaculture cameras to gain a competitive edge in the market. AI-based aquaculture cameras are advanced imaging systems integrated with artificial intelligence (AI) algorithms, specifically designed for monitoring and managing aquaculture environments. For instance, in July 2024, ReelData AI, a Canada-based software company, launched ReelVision, a camera developed for AI applications in aquaculture, such as behavioral analysis, feeding rates, and fish health and welfare. ReelVision is an advanced AI camera system designed specifically for fish farms. This data-driven approach enables farmers to make more informed decisions around feeding, stocking density, and health management. This helps optimize production, reduce waste, and minimize environmental impact.
Which geographic trends are shaping the precision aquaculture market, and which region has the highest market share?
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.
What Does The Precision Aquaculture Market Report 2025 Offer?
The precision aquaculture market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Precision aquaculture refers to the use of advanced technologies and data-driven approaches to optimize fish farming practices. It involves real-time monitoring, automated systems, and data analytics to enhance fish health, improve feeding efficiency, and ensure sustainable and efficient aquaculture operations.
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