by The precision aquaculture market size is poised to grow by USD 899.57 billion by 2032 from USD 481.5 billion in 2022, exhibiting a CAGR of 6.50% during the forecast period 2023-2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By Offering, the hardware segment has held the largest market share of 61% in 2022.
- By Offering, the service segment is anticipated to grow at a remarkable CAGR of 10.2% between 2023 and 2032.
- By Application, the monitoring & surveillance segment generated over 34% of revenue share in 2022.
- By Application, the feed optimization segment is expected to expand at the fastest CAGR over the projected period.
- By System Type, the monitoring & control system segment had the largest market share of 50% in 2022.
- By System Type, the smart feeding system segment is expected to expand at the fastest CAGR over the projected period.
- By Farm Type, the open aquaculture farm segment generated over 59% of revenue share in 2022.
- By Farm Type, the RAS farm segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Precision aquaculture market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Precision aquaculture Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Precision Aquaculture Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 6.50% |
| Market Size in 2023 | USD 510.39 Billion |
| Market Size by 2032 | USD 899.57 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Offering, By Application, By System Type, and By Farm Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Precision aquaculture market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Precision aquaculture Market. Our market report for the Precision aquaculture market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Precision Aquaculture Market Players
- AKVA Group
- Aquabyte
- Aquafine Corporation
- Aquaculture Systems Technologies (AST)
- Cermaq
- Cooke Aquaculture
- Deep Trekker Inc.
- In-Situ, Inc.
- InnovaSea Systems, Inc.
- Jala Tech
- Pentair Aquatic Eco-Systems
- Pioneer AQUA
- XpertSea
- Steinsvik
- Vaki
Data Sources and Methodology
To gather comprehensive insights on the Global Precision aquaculture Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Precision aquaculture Market.
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- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
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Segments Covered in the Report
By Offering
- Hardware
- Software
- Service
By Application
- Feed Optimization
- Monitoring & Surveillance
- Yield analysis & Measurement
- Others
By System Type
- Smart Feeding System
- Monitoring & Control System
- Underwater Remotely Operated Vehicle System
- Others
By Farm Type
- Open Aquaculture Farm
- RAS Farm
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Precision Aquaculture Market
5.1. COVID-19 Landscape: Precision Aquaculture Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Precision Aquaculture Market, By Offering
8.1. Precision Aquaculture Market, by Offering, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Service
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Precision Aquaculture Market, By Application
9.1. Precision Aquaculture Market, by Application, 2023-2032
9.1.1. Feed Optimization
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Monitoring & Surveillance
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Yield analysis & Measurement
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Precision Aquaculture Market, By System Type
10.1. Precision Aquaculture Market, by System Type, 2023-2032
10.1.1. Smart Feeding System
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Monitoring & Control System
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Underwater Remotely Operated Vehicle System
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Precision Aquaculture Market, By Farm Type
11.1. Precision Aquaculture Market, by Farm Type, 2023-2032
11.1.1. Open Aquaculture Farm
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. RAS Farm
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Precision Aquaculture Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.1.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.2.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.3.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.7.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Offering (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Application (2020-2032)
12.4.8.3. Market Revenue and Forecast, by System Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.5.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Farm Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Offering (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Application (2020-2032)
12.5.6.3. Market Revenue and Forecast, by System Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Farm Type (2020-2032)
Chapter 13. Company Profiles
13.1. AKVA Group
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Aquabyte
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Aquafine Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Aquaculture Systems Technologies (AST)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cermaq
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Cooke Aquaculture
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Deep Trekker Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. In-Situ, Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. InnovaSea Systems, Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Jala Tech
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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