Global Precision Aquaculture Market Size By System Type (Underwater ROVs, Monitoring & Control, Feeding Systems), By Farm Type (RAS Farms, Open Aquaculture Farms), By Geographic Scope And Forecast

Precision Aquaculture Market Size And Forecast

Precision Aquaculture Market size was valued at USD 6.35 Million in 2024 and is projected to reach USD 9.02 Million by 2031, growing at a CAGR of 4.95% during the forecasted period 2024 to 2031.

Precision aquaculture’s ultimate goal is to improve the overall productivity, sustainability, and economic viability of aquaculture operations while minimizing waste, environmental consequences, and reliance on human labor. The Global Precision Aquaculture Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Precision Aquaculture Market Definition

Precision aquaculture, often known as innovative or high-tech aquaculture, is the breeding and production of aquatic creatures such as fish, shrimp, and other seafood species using advanced technologies, data analytics, automation, and precise management approaches. Precision aquaculture’s primary goal is to maximize the efficiency, sustainability, and profitability of aquaculture operations while reducing environmental impacts and ensuring aquatic organisms’ well-being. Various technology and data-driven approaches are used in precision aquaculture to monitor and manage critical elements influencing aquaculture output, such as water quality, temperature, dissolved oxygen levels, and nutrition. This data is gathered using sensors, cameras, and environmental monitoring systems, and it is then analyzed using data analytics and artificial intelligence (AI) to make informed judgments.

Automated feeding systems that dispense the precise amount of feed required for optimal growth, remote sensing, satellite technology for monitoring environmental conditions and predicting potential challenges, and data-driven decision support systems for efficient farm management are critical components of precision aquaculture. Precision aquaculture’s ultimate goal is to improve the overall productivity, sustainability, and economic viability of aquaculture operations while minimizing waste, environmental consequences, and reliance on human labor. This strategy is essential because aquaculture is critical in supplying the expanding worldwide demand for seafood while addressing resource conservation and environmental stewardship issues.

Global Precision Aquaculture Market Overview

Precision Aquaculture Monitoring and Control (AI) refers to the application of advanced machine learning and data analytics techniques to improve the management and efficiency of aquaculture operations. The integration of artificial intelligence, including machine learning and computer vision, with multiple technologies and data sources to monitor and regulate essential aspects of aquaculture, like as water quality, feeding, and overall farm management, is the focus of this AI application. AI is utilized in aquaculture farms to collect and evaluate data from numerous sensors and monitoring systems. These sensors monitor characteristics such as water temperature, salinity, dissolved oxygen levels, and aquatic creature health. AI systems can handle massive datasets in real-time, enabling continuous monitoring of environmental conditions and aquatic life health. Based on real-time data and predictive modeling, AI can optimize feeding schedules and volumes.

AI systems can change feeding patterns to reduce waste, boost growth rates, and lessen the environmental effects of aquaculture by applying machine learning. By evaluating behavioral and physiological data, AI can detect early indicators of sickness in aquatic creatures. Aquaculture operators can take immediate action to avoid disease spread and decrease losses by detecting potential health issues in real-time. Various parts of aquaculture operations, such as altering water parameters, regulating feeding systems, and controlling pumps and aeration, can be controlled and automated by AI. This automation improves farm management precision and efficiency. AI-powered decision support systems offer aquaculture operators tips and insights based on massive data sets.

Global Precision Aquaculture Market Segmentation Analysis

The Global Precision Aquaculture Market is segmented on the basis of System Type, Farm Type, and Geography.

Precision Aquaculture Market, By System Type

• Feeding Systems
• Monitoring & Control
• Underwater ROVs
• Others

To Get a Summarized Market Report By System Type-

Based on System Type, the market is segmented into Underwater ROVs, Monitoring & Control, Feeding Systems, and Others. Underwater ROVs accounted for the largest market share of 34.67% in 2022, with a market value of USD 156.67 Million, and is projected to grow at a CAGR of 15.08% during the forecast period. Remotely operated underwater vehicles, or ROVs, are essential for AI-driven precision and aquaculture monitoring and management. Unmanned, remotely operated underwater vehicles (ROVs) are outfitted with sensors, cameras, and equipment. ROVs that operate underwater are fitted with sensors and cameras that gather various information from the aquatic environment. This information includes water temperature, salinity, dissolved oxygen concentrations, pH, turbidity, etc. These sensors continuously keep an eye on the environment in the open sea or the aquaculture facility.

Precision Aquaculture Market, By Farm Type

• Open Aquaculture Farms
• RAS Farms

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Based on Farm Type, the market is bifurcated into RAS Farms and Open Aquaculture Farms. RAS Farms accounted for the largest market share of 61.70% in 2022, with a market value of USD 5.52 Million, and is projected to grow at the highest CAGR of 25.18% during the forecast period. A Recirculating Aquaculture System (RAS) farm is a specialized and highly controlled facility built to sustain aquatic organisms in a closed-loop system, such as fish, shrimp, and other aquatic species. RAS farms are distinguished by their ability to recirculate and treat water within the facility, minimizing environmental impacts and resource usage while maximizing conditions for aquatic creature growth and well-being. A Recirculating Aquaculture System (RAS) farm with monitoring and control capabilities is a high-tech facility designed to produce aquatic organisms sustainably and efficiently. It combines RAS technology principles with advanced monitoring and control technologies to create a highly optimized and regulated environment for aquatic animals.

Precision Aquaculture Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Regional Analysis, the Global Precision Aquaculture Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The South American region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in disposable income in these countries, and the growth in urbanization. Due to the abundance of aqua farms in this region, the Asia-Pacific holds the biggest market share of the Precision Aquaculture Market. The demand for precision aquaculture solutions in the Asia-Pacific area is fueled by the region’s contribution of about 80% of the world’s aquaculture production. Additionally, during the forecast period, the market for precision aquaculture will grow due to the proliferation of high-tech fish farming tools like IoT-based monitoring devices, smart feeding systems, and underwater ROVs as well as rising consumer awareness of the advantages of precision aquaculture in developing nations.

Key Players

The “Global Precision Aquaculture Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as AKVA Group, Innovasea Systems Inc., Deep Trekker, Aquabyte, Eruvaka Technologies, Akuakare, CPI Equipment Inc., Bluegrove, Jala Tech. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In November 2020, The newest fish monitoring tags from industry leader Innovasea Systems are the V3 acoustic telemetry transmitters, which are the smallest available.
• In November 2020The AKVA company and Nordic Aqua Ningbo reached a deal for the delivery of a whole RAS facility south of Shanghai. 8,000 tons of product are expected to be produced by the project in 2026. The portable air conditioner “Carrime” was introduced by Daikin in 2020 with the aid of the Daikin Launch X innovation platform.

Company Market Ranking Analysis

The company ranking analysis provides a deeper understanding of the top 3 players operating the Precision Aquaculture Market. takes into consideration several factors before providing a company ranking. The top three players in the Precision Aquaculture Market are Deep Trekker, AKVA Group, and Bluegrove. The factors considered for evaluating these players include the company’s brand value, product portfolio (including product variations, specifications, features, and price), company presence across major regions, product-related sales obtained by the company in recent years, and its share in total revenue. further studies the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance its market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Precision Aquaculture Markets.

Company Regional Footprint

The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, AKVA Group has its presence globally i.e., in North America, Europe, Asia Pacific, and RoW. Similarly, Deep Trekker has a presence in North America and Latin America. Blagrove has a presence in Europe.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Precision Aquaculture Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents. With the help of Ace Matrix, we can determine the active, cutting-edge, emerging, and innovative companies in the Precision Aquaculture Market. Here, active companies are those who have established vendors with powerful business strategies. Cutting edge includes vendors who have established service/product portfolios as well as a powerful market presence. Likewise, emerging includes vendors who have started gaining momentum in the market with their niche product offerings and Innovators are vendors that have demonstrated substantial service innovation compared with their competitors. The companies considered for the ace matrix include Jala Tech, Cathx Ocean, Deep Trekker, AKVA Group, In-Situ Inc., Bluegrove, Innovasea Systems Inc., Akuakare, Eruvaka Technologies, OxyGuard International, Aquabyte, CPI Equipment Inc.

Current Focus & Strategies

Deep Trekker works collaboratively to find sustainable, innovative, and market-driven solutions to fulfill its customers’ demands. The company uses its resources efficiently as it believes in continuous innovation to remain a leader and a pioneer in every sector by tapping new markets and attracting new customers. It is primarily focused on profitable growth and sustainable value creation. Deep Trekker has the opportunity to utilize its R&D capabilities for developing products adhering to international rules and regulations and offering diversified products to its customers.

Threat From Competition

The company faces high competition from AKVA Group, Bluegrove, Innovasea Systems Inc., Aquabyte, and other key players operating in the Global Precision Aquaculture Market. To compete in the market, Deep Trekker focuses on innovation, carrying out extensive R&D to develop efficient products.

Report Scope

Research Methodology of Market Research