smart aquaculture market overview, smart aquaculture market size, smart aquaculture market growth, smart aquaculture market demand, smart aquaculture market drivers, smart aquaculture market top players
What is the present valuation and projected CAGR of the smart aquaculture market?
The smart aquaculture market size has grown strongly in recent years. It will grow from $4.16 billion in 2024 to $4.52 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to environmental sustainability demands, regulatory compliance, competitive market pressures, shifting consumer preferences, and environmental sustainability.
The smart aquaculture market size is expected to see strong growth in the next few years. It will grow to $6.26 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increased adoption of IoT solutions, advancements in AI and machine learning applications, integration of blockchain for supply chain transparency, adaptation to climate change challenges, and growing investment and funding in smart aquaculture technologies. Major trends in the forecast period include urban aquaculture, shrimp farming, wastewater management, data-driven fish breeding, recirculating aquaculture systems (RAS), and alternatives to sea-sourced food.
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What key drivers have fueled the smart aquaculture market’s development over the years?
The increasing seafood consumption is expected to propel the growth of the smart aquaculture market going forward. Seafood refers to any form of sea life regarded as food by humans, typically including fish and shellfish. Seafood consumption is driven by growing awareness of the health benefits associated with omega-3 fatty acids and cultural preferences for seafood dishes. Smart aquaculture enhances seafood production through technology-driven efficiency in resource management and environmental sustainability. For instance, in July 2023, according to the report published by the Organization for Economic Co-operation and Development (OECD), a France-based governmental organization, and the Food and Agriculture Organization (FAO), an Italy-based specialized agency of the United Nations, global per capita consumption of food fish is projected to increase to 21.2 kg by 2032, up from an average of 20.4 kg during the 2020-2022. Therefore, increasing seafood consumption is expected to propel the growth of the smart aquaculture market.
What is the segmentation for the smart aquaculture market?
The smart aquaculture market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Type: Smart Feeding Systems, Monitoring And Control Systems, Other Types
3) By Application: Marine Based Aquaculture, Land Based Aquaculture
Subsegments:
1) By Hardware: Sensors, Automation Systems, Cameras, Water Quality Monitoring Devices, Feeding Systems, Monitoring And Control Systems
2) By Software: Data Analytics Software, Aquaculture Management Software, AI And Machine Learning-Based Solutions, Cloud-Based Platforms, Monitoring And Reporting Software
3) By Services: System Integration, Consulting, Training And Support Services, Maintenance And Repair Services
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Who are the most influential companies in the smart aquaculture market?
Major companies operating in the smart aquaculture market are 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, AquaManager
What are the top industry trends projected to impact the smart aquaculture market?
Major companies operating in the smart aquaculture market are adopting a strategic partnership approach to leverage complementary strengths and accelerate innovation in sustainable aquaculture technologies. A strategic partnership typically refers to a collaborative relationship between two or more organizations combining their resources, expertise, and efforts to achieve common goals or objectives. For instance, in October 2022, AquaEasy., a Singapore-based IT services and consulting company, collaborated with Grobest Group. (CHPT), a Hong Kong-based food production company to bring AI to Vietnam’s shrimp industry. This collaboration aims to enhance the efficiency and sustainability of shrimp farming practices in Vietnam by applying Artificial Intelligence (AI) and Internet of Things (IoT) technologies. AquaEasy’s AI solutions are designed to provide real-time insights and recommendations on water quality management, feeding optimization, and harvest prediction, helping shrimp farmers increase productivity and profitability while reducing risks and costs.
What are the major regional insights for the smart aquaculture market, and which region holds the top position?
North America was the largest region in the smart aquaculture market in 2023. The regions covered in the smart aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Smart Aquaculture Market Report 2025 Offer?
The smart aquaculture market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Smart aquaculture refers to the use of advanced technologies such as sensors, automation, data analytics, and the Internet of Things (IoT) to enhance the efficiency, productivity, and sustainability of aquaculture operations. It enhances efficiency and sustainability through technologies like automation, data analytics, and IoT, optimizing resource use and improving the productivity of aquatic farming operations.
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