Precision Aquaculture Market to Grow with a CAGR of 8.64% through 2029
Rise in adoption of automated feeding systems and
increasing government support for development of aquaculture infrastructure is
expected to drive the Global Precision Aquaculture Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “Precision
Aquaculture Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Precision Aquaculture
Market stood at USD
552.36 Million in 2023 and is anticipated to grow with a CAGR of 8.64% in the forecast
period, 2025-2029. Several key factors are driving the growth of the Global
Precision Aquaculture Market which includes advancements in technology,
including cutting-edge sensors and monitoring systems, have made it easier than
ever to track and manage aquatic life. Additionally, an increasing demand for
high-quality, sustainably sourced seafood is pushing the industry towards more
efficient and eco-friendly practices.
Furthermore, the ongoing effects of climate change on
traditional fisheries have underscored the importance of developing more
reliable, climate-resilient methods of aquaculture. Government initiatives and
supportive regulations are promoting the adoption of precision aquaculture
techniques.
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The global precision aquaculture market is
experiencing remarkable growth propelled by the surging demand for protein-rich
aqua food and continuous advancements in technology. Precision aquaculture
leverages cutting-edge technologies such as the Internet of Things (IoT),
Artificial Intelligence (AI), and remote sensing to revolutionize the industry.
By harnessing these advanced tools, precision aquaculture aims to enhance
productivity, improve efficiency, reduce the environmental footprint, and
optimize resource utilization. Market players are actively investing in the
development of sophisticated solutions for fish farming, capitalizing on the
immense potential for growth in the sector. These solutions encompass a wide
range of areas, including underwater robotics, automated monitoring systems,
and smart feeding systems. Underwater Remotely Operated Vehicles (ROVs)
equipped with advanced sensors and cameras enable precise monitoring and data
collection in aquatic environments, providing valuable insights into fish
behavior, environmental parameters, and disease detection.
Moreover, the integration of data analytics and
predictive modeling in precision aquaculture enables proactive decision-making
and risk management. Real-time data collection and analysis allow for timely
interventions and improved overall operational efficiency. By leveraging
data-driven insights, aquaculture practitioners can optimize feeding
strategies, monitor water quality, and detect potential health issues, ensuring
the well-being and optimal growth of aquatic species.
In addition to the technological advancements,
precision aquaculture also emphasizes the importance of sustainable practices.
With a focus on minimizing the environmental impacts, precision aquaculture
strives to strike a balance between production efficiency and ecological
stewardship. Efforts are made to optimize resource utilization, reduce waste,
and minimize the use of chemicals, antibiotics, and other inputs that can harm
the surrounding ecosystem.
Overall, the precision aquaculture market is rapidly
evolving and holds tremendous potential for the sustainable production of
high-quality aqua food. With continuous advancements in technology and the
adoption of innovative solutions, precision aquaculture is poised to meet the
growing demand for seafood while minimizing environmental impact and maximizing
resource efficiency.
The Global Precision Aquaculture Market is segmented
into farm type, system type, application, regional distribution, and company.
Based on system type, Monitoring and Control Systems
are at the forefront of the Global Precision Aquaculture Market. These advanced
systems, equipped with cutting-edge technology, provide real-time monitoring
and precise control over every aspect of aquaculture operations. With their
sophisticated sensors and data analytics capabilities, they ensure optimal
water quality, manage feeding schedules with precision, and continuously
monitor the health status of aquatic organisms.
These systems play a vital role in modern precision
aquaculture by enabling farmers to make data-driven decisions and take
proactive measures to enhance productivity and sustainability. By closely
monitoring parameters such as temperature, dissolved oxygen levels, and pH,
they help maintain the ideal conditions for aquatic life, minimizing stress and
maximizing growth rates. Furthermore, these monitoring and control systems
contribute to the overall efficiency and profitability of aquaculture
operations. By automating processes, reducing manual labor, and optimizing
resource utilization, they streamline operations and minimize waste.
Additionally, their ability to detect and respond to potential issues in
real-time helps prevent disease outbreaks and minimize losses. Monitoring and
control systems are revolutionizing the aquaculture industry by providing
unprecedented levels of precision, efficiency, and sustainability. As the
demand for high-quality seafood continues to grow, these systems will play a
crucial role in meeting the increasing global food demand while minimizing
environmental impact.
Based on region, the Asia-Pacific region emerges as
the leader in the Global Precision Aquaculture Market, driven by several key
factors. Firstly, it stands out with a significant percentage of the world's
aquaculture production, leveraging its vast coastal areas and favorable
climatic conditions. The region, encompassing densely populated countries such
as China, India, and Indonesia, experiences a soaring demand for seafood,
fostering the growth of precision aquaculture. Moreover, governments in this
region are increasingly prioritizing and supporting technological advancements
in aquaculture to ensure production sustainability and efficiency, thereby
propelling the precision aquaculture market to even greater heights. With a
strong foundation grounded in these factors, the Asia-Pacific region is poised
to continue leading the way in precision aquaculture innovation and
development.
Major companies operating in Global Precision
Aquaculture Market are:
- AKVA Group
- InnovaSea Systems, Inc.
- Steinsvik Group AS
- Deep Trekker Inc.
- Eruvaka Technologies Pvt Ltd
- AKUAKARE-Aquaculture Ltd
- Aquamaof Aquaculture Technologies
Ltd
- Aquabyte, Inc.
- Bluegrove AS
- Maritech Systems AS
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“The future of the Global Precision Aquaculture Market
looks incredibly promising, with substantial growth projected in the coming
years. This positive trajectory is fueled by a convergence of factors,
including remarkable advancements in technology and an escalating emphasis on sustainable
farming practices. By harnessing cutting-edge precision aquaculture
technologies such as remote sensing, GPS, and data management systems, farmers
are empowered to optimize yield and efficiency while minimizing their
environmental footprint. This holistic approach ensures that the delicate
balance of our oceans is preserved while meeting the ever-increasing global
demand for seafood. With concerns over overfishing and the overall health of
our oceans becoming more pressing, precision aquaculture methods are positioned
to play a pivotal role in meeting this demand sustainably, safeguarding the
future of our marine ecosystems for generations to come.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Precision Aquaculture Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Farm Type (Open
Aquaculture Farms and RAS Farms), By System Type (Smart Feeding Systems,
Monitoring and Control Systems, Underwater Remotely Operated Vehicle Systems,
Others), By Application (Feed Optimization, Monitoring and Surveillance, Yield
Analysis and Measurement, Others), By Region and Competition”, has evaluated
the future growth potential of Global Precision Aquaculture Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Precision Aquaculture Market.
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