Global Aquaculture ROV Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aquaculture ROV Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aquaculture mainly includes raising, breeding, and obtaining animals and plants in seawater and freshwater environments. ROV is an unmanned underwater vehicle, which is connected to human operations by cables. Often equipped with underwater light sources and cameras, cameras, robotic arms, sonar, etc. Aquaculture ROV mainly refers to ROV used for aquaculture.

Market Overview:

The latest research study on the global Aquaculture ROV market finds that the global Aquaculture ROV market reached a value of USD 51.31 million in 2022. It’s expected that the market will achieve USD 116.22 million by 2028, exhibiting a CAGR of 14.6% during the forecast period.

Aquaculture ROV Market Drivers

Aquaculture is one of the fastest growing industries in the food industry worldwide, providing a large number of aquatic products for humans. According to the latest global aquaculture data compiled by FAO, in 2018, world aquaculture production once again hit a record high, with a fresh weight of 114.5 million tons. The contribution of aquaculture to the total global fish production has been continuously increasing, from 25.7% in 2000 to 46.0% in 2016-18.

However, aquaculture currently faces problems such as mechanization, low degree of automation, and low output and efficiency, so it is urgent to transform and upgrade. Aquaculture ROV is a mobile and flexible underwater operation equipment. Compared with traditional underwater operation methods, it has obvious advantages in operation methods, scope, and adaptability. After Aquaculture ROV is applied to aquaculture monitoring and operations, it is expected to change the existing aquaculture mode, promote the transformation of the aquaculture industry to mechanization, engineering, intelligence, and intelligence, and alleviate the development crisis of the aquaculture industry. Therefore, Aquaculture ROV products have gradually promoted the transformation of the aquaculture industry in aspects such as water quality detection, video surveillance and transmission, target recognition and positioning, and high-precision underwater navigation. The demand for the transformation of the aquaculture industry has also promoted the continuous development of Aquaculture ROV products.

Aquaculture ROV Market Challenges

As a tool used by humans in the aquaculture industry, Aquaculture ROV is a special application of advanced robotic technology under water. Aquaculture ROV's manufacturing involves cutting-edge technology fields that combine disciplines such as machinery, control, information, navigation, and ships. As a result, the technical threshold of the industry is relatively high. Such as in aquaculture operations (such as sea cucumber harvesting, dead fish picking up, etc.). The underwater operating environment of aquaculture is complicated, the light is dim, the ocean currents change with time, and the target animals (sea cucumbers, dead fish) have different specifications and shapes. The precision and speed of the picking operation are high. How to quickly identify the target animal and perform precise operation control is a recognized problem that plagues the aquatic industry. Therefore, Aquaculture ROV products need to overcome problems such as imaging quality and underwater image restoration algorithms. It can be seen that Aquaculture ROV poses a high technical barrier to new entrants in the industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

AKVA GROUP, Deep Trekker, PowerVision, SEAMOR and Blueye Robotics are the five key players in the global Aquaculture ROV market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Aquaculture ROV market in the past 5 years.

AKVA Group is a global technology and service partner that provides technologies and services that help solve biological challenges in the aquaculture industry.

Deep Trekker provides the world's truly portable, affordable, and easy to use remotely operated vehicles (ROVs) submersible crawler systems and subsurface cameras.

With sales in over 80 countries, Deep Trekker robots can be found in industries ranging from aquaculture to municipal contracting, commercial diving, recreation, military, search and rescue, shipping, infrastructure and more.

Segmentation Overview:

Among different product types, Depth below 100m segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Underwater Observation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aquaculture ROV market covered in Chapter 3:

Blueye Robotics
SEAMOR
ROV Innovations
PowerVision
Nido Robotics
Deep Trekker
VxFly
VideoRay
ROBOSEA
Chasing
AKVA GROUP

In Chapter 4 and Chapter 14.2, on the basis of types, the Aquaculture ROV market from 2018 to 2029 is primarily split into:

Depth below 100m
Depth 100m-200m
Depth 201-300m
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aquaculture ROV market from 2018 to 2029 covers:

Underwater Observation
Environmental Test
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)