Global Precision Aquaculture Market
The GMI Research forecasts that the Precision Aquaculture Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing support by worldwide governments for infrastructure development in aquaculture and the escalating adoption of sophisticated technologies.
Introduction of the Precision Aquaculture Market:
Precision aquaculture aims at applying principles of control engineering for the production of fish, thereby upgrading the farmer’s potential to control, monitor, and analyze the biological processes in the fish farms. Aquaculture has transformed commercial aquaculture from traditional-experience-based to a knowledge-based production system.
Key Players of the Global Precision Aquaculture Market:
- Aqualine AS
- Observe Technology
- Lifegard Aquatics
- Steinsvik
- Deep Trekker
- AKVA Group
- MonitorFish
- Imenco AS
- Aquabyte, Inc.
- Eruvaka Technology
- InnovaSea Systems
Precision Aquaculture Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Expansion in the precision aquaculture market is primarily attributed to the increasing endorsement of modernized technology, which includes feeding robots, the internet of things, underwater operated vehicles and artificial intelligence and the growing initiatives by the government. In addition, the increasing prominence of aquaculture offers exhaustive opportunities for the execution of land-based recirculating activities, which further paves the way for market growth. Also, the robust demand for protein-rich aqua food and the mounting disposable income of the middle-class population are other prominent factors stimulating the market growth. In addition, the growing emphasis on the utilization of large-scale offshore aquaculture projects will further strengthen the market growth. On the other hand, inflated supervision cost, large capital expenditure, insufficient availability of skilled operators, complicated system, and inadequate technological knowledge will hinder the precision aquaculture market share.
Precision Aquaculture Market Segmentation:
Segmentation by Offering
- Hardware
- Monitoring Devices
- Temperature and Environmental Monitoring Devices
- PH and Dissolved Oxygen Sensors
- Others
- Camera Systems
- Others
- Software
- On-Cloud
- On-Premises
- Services
Segmentation by System Type
- Smart Feeding Systems
- Monitoring & Control Systems
- Underwater Rov Systems
- Others
Segmentation by Application
- Feeding Management
- Monitoring, Control & Surveillance
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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