Precision Aquaculture Market projected to reach US$ 1,209.96 million by 2028
"The latest Precision Aquaculture Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Precision Aquaculture Market.
In terms of revenue, the global Precision Aquaculture market was valued at US$ 422.43 million in 2020 and is projected to reach US$ 1,209.96 million by 2028; it is expected to grow at a CAGR of 14.5% during the forecast period from 2021 to 2028.
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Major Key players covered in this Precision Aquaculture Market report-
AKVA GROUP
Scale AQ
CHETU INC
DEEP TREKKER
INNOVASEA SYSTEMS
PENTAIR AES
SOLVAY
STEINSVIK
XYLEM INC
ERUVAKA TECHNOLOGY
Precision aquaculture involves various hardware and software components interconnected with each other. Sensors installed in the marine environment form a key part of these components as they monitor, interpret, analyze, and offer decision support for farm operations. A wide variety of sensors, such as acoustic, optical, and biological sensors, are used to gain insights into the farm environment, which assist in making decisions to enhance fish health and economic return, along with mitigating risk to the environment.
The precision aquaculture benefits through farming operation repeatability, improving accuracy, facilitating autonomous and continuous monitoring, and offering reliable decision support. Moreover, it helps reduce dependency on manual operations and subjective assessments, thereby enhancing the staff safety. As per IEEE Xplore, aquaculture is likely to supply ~62% of fish for human consumption by 2030. Thus, the increase in yields of aquaculture across the world offers significant growth opportunities to the precision aquaculture market players.
The scope of the Precision Aquaculture Market Report:
The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Precision Aquaculture in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Precision Aquaculture, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.
MARKET SEGMENTATION-
Precision Aquaculture Market – By Component
Hardware
Control and Monitoring Device
Camera System
Software
Services
Precision Aquaculture Market – By System
Smart Feeding System
Monitoring and Control System
Underwater ROV System
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market
Precision Aquaculture Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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