Global Smart Aquaculture Market - Industry Trends and Forecast to 2030
The global smart aquaculture market is expected to reach USD 34,906,078,874.79 by 2030 from USD 24,447,198,800.54 in 2022, growing at a CAGR of 4.8% during the forecast period of 2023 to 2030.
Market SegmentationGlobal Smart Aquaculture Market, By Type (Smart Feeding Systems, Monitoring & Control Systems, Water Treatment Systems, Aquaculture Intelligence, Water Animal Growth Management, Underwater (ROV's), Submersible Aquaculture System, Cleaning Systems, Design / Construction Engineering, Aquaculture Environment Management Equipment, and Others), Offering (Hardware, Software, and Services), Farm Type (RAS Farms and Open Aquaculture Farms), Application (Land-based Aquaculture and Marine-based Aquaculture), Country (China, Indonesia, India, Vietnam, South Korea, Thailand, Philippines, Japan, Malaysia, Taiwan, Australia, New Zealand, Singapore, rest of Asia-Pacific, Spain, France, Italy, Norway, Netherlands, Poland, Germany, Denmark, Finland, Sweden, Belgium, Russia, U.K., Switzerland, Turkey, rest of Europe, U.S., Canada, Mexico, Egypt, Saudi Arabia, Oman, U.A.E., Kuwait, Bahrain, Qatar, South Africa, rest of Middle East and Africa, Brazil, Argentina, and rest of South America) - Industry Trends and Forecast to 2030
Overview of Global Smart Aquaculture Market Dynamics
Drivers
• An upward trend in demand for aquatic food amongst the population
• The favorable outlook of the government toward the aquaculture industry
• Rising integration of advanced technologies such as AI, IoT, and data analytics in the aquaculture arena
• Heightened awareness regarding sustainable aquaculture
Restraints
• High initial investment costs
• Technical expertise and skill gaps
• Data security and privacy concerns
• Maintaining environmental sustainability
• Complex regulations that can vary by region
Opportunities
• Collaboration and partnership between technology providers and end-users
• Rising spending on land-based aquaculture systems in developing economies
• Fostering innovation in the development of intelligent solutions
Market Players
Some of the major players operating in the global smart aquaculture market are listed below: • Innovasea Systems Inc.
• Bluegrove
• ScaleAQ
• In-Situ Inc.
• Deep Trekker Inc. (A subsidiary of Halma plc)
• Exosite
• CPI Equipment Inc.
• Maritech
• NextAqua
• LINN Geratebau
• AQ1 Systems Pty Ltd
• Qingdao Hishing Smart Equipment Co.,Ltd
• PT JALA Akuakultur Lestari Alamku
• Eruvaka Technologies
• MonitorFish GmbH
• Aquabyte
• AquaMaof Aquaculture Technologies Ltd.
• AKVA group
• HydroNeo (Thailand) Co., Ltd.
• Imenco AS