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Feb, 06 2023

Global Precision Aquaculture Market is Expected to Rise Exponentially at a Rate of 14.30% in the Forecast Period of 2021 to 2028

The Global Precision Aquaculture Market is anticipated to rise exponentially at a rate of 14.30% with the forecast period. The increase in the numerous government initiatives and increase in the efficiency and profitability of conventional aquaculture activities across the world is a major factor boosting the market growth rate.

Likewise, the rise in the adoption of aquaculture monitoring and feed optimization devices in developing countries, increase in the number of cage-based farms in developing regions such as India, China, and South-East Asian countries and rise in the popularity of land-based recirculating aquaculture systems extends lucrative opportunities for the growth of the precision aquaculture market.

Precision Aquaculture Market Scenario

According to Data Bridge Market Research, the market for precision aquaculture is expected to gain growth because of rise in the investments in technological research and product innovations. Moreover, the rise in the income levels and demand for protein-rich aqua food and rise in the emphasis on the deployment of large-scale offshore aquaculture projects also accelerates market’s growth.

However, the factors such as rise in the dearth for skilled operators for effective management of complex systems, increase in the upfront costs and capital expenditure and lack of technological awareness among aquaculture might obstruct the market’s growth. The lack of common information management system platform in aquaculture industry and rise in the environmental concerns due to extensive aquaculture farming might challenge the market’s growth within the forecast period.

Now the question is which are the other regions that precision aquaculture market is targeting? Data Bridge Market Research has estimated Europe to show profitable growth owing to the increase in the efficiency and profitability of conventional aquaculture activities within the region.

For more analysis on the precision aquaculture market request for a briefing with our analysts,

Precision Aquaculture Market Scope

Precision aquaculture market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • All country based analysis of precision aquaculture market is further analyzed based on maximum granularity into further segmentation. Based on rearing system, the precision aquaculture market has been segmented into smart feeding systems, monitoring and control systems, underwater Rov systems and others. Based on application, the precision aquaculture market has been segmented into feeding management, monitoring, control and surveillance and others. Based on component, the precision aquaculture market is segmented into hardware, software and service. The precision aquaculture market is also segmented on the basis of farm type into cage-based and RAS.
  • Precision aquaculture is basically founded on a set of disparate, interconnected sensors and other numerous hardware and software components deployed within the marine environment to analyze, interpret and monitor to gain insights into the farm environment or provide decision support for farm operation. They assist in that making decisions to increase fish health and economic return, along with mitigating risk to the environment.

To know more about the study,

Key Pointers Covered in the Precision Aquaculture Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • AKVA group
  • Innovasea Systems Inc
  • Deep Trekker Inc
  • ScaleAQ
  • Aquabyte
  • Eruvaka Technologies
  • CPI Equipment Inc
  • Bluegrove
  • Imenco AS
  • Signify Holding
  • PT. Atnic Ekotekno Wicaksana
  • Planet Lighting, Maritech
  • OxyGuard A/S

Above are the key players covered in the report, to know about more and exhaustive list of precision aquaculture companies’ contact us,

Research Methodology of Global Precision Aquaculture Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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