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 Segmentation
Global 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
TABLE OF CONTENTS
1 INTRODUCTION 54
- 1.1 OBJECTIVES OF THE STUDY 54
- 1.2 MARKET DEFINITION 54
- 1.3 OVERVIEW 54
- 1.4 LIMITATIONS 55
- 1.5 MARKETS COVERED 56
2 MARKET SEGMENTATION 61
- 2.1 MARKETS COVERED 61
- 2.2 GEOGRAPHICAL SCOPE 62
- 2.3 YEARS CONSIDERED FOR THE STUDY 63
- 2.4 CURRENCY AND PRICING 63
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 64
- 2.6 PRODUCT LIFE LINE CURVE 67
- 2.7 MULTIVARIATE MODELING 68
- 2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 69
- 2.9 DBMR MARKET POSITION GRID 70
- 2.10 DBMR MARKET CHALLENGE MATRIX 71
- 2.11 MARKET APPLICATION COVERAGE GRID 72
- 2.12 DBMR VENDOR SHARE ANALYSIS 73
- 2.13 SECONDARY SOURCES 74
- 2.14 ASSUMPTIONS 75
3 EXECUTIVE SUMMARY 76
4 PREMIUM INSIGHTS 79
- 4.1 IMPORT EXPORT ANALYSIS 81
- 4.2 VALUE CHAIN ANALYSIS 82
- 4.3 GOVERNMENT SUPPORT FOR THE DEVELOPMENT OF AQUACULTURE ACTIVITIES 83
- 4.4 INCREASE IN ADOPTION OF PRECISION FARMING 84
- 4.5 PRODUCTION ANALYSIS 85
- 4.6 SUPPLY CHAIN ANALYSIS 86
- 4.6.1 OVERVIEW 86
- 4.6.2 LOGISTIC COST SCENARIO 86
- 4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 86
5 REGULATION COVERAGE 87
6 MARKET OVERVIEW 90
- 6.1 DRIVERS 92
- 6.1.1 UPWARD TREND IN THE DEMAND FOR AQUATIC FOOD AMONGST THE POPULATION 92
- 6.1.2 FAVORABLE OUTLOOK OF THE GOVERNMENT TOWARDS THE AQUACULTURE INDUSTRY 92
- 6.1.3 RISING INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS AI, IOT, AND DATA ANALYTICS IN AQUACULTURE ARENA 93
- 6.1.4 SURGE IN DEMAND FOR LUXURIOUS AND AESTHETICALLY PLEASING PRODUCTS 94
- 6.2 RESTRAINTS 95
- 6.2.1 HIGH INITIAL INVESTMENT COSTS 95
- 6.2.2 TECHNICAL EXPERTISE AND SKILL GAPS 96
- 6.3 OPPORTUNITIES 96
- 6.3.1 COLLABORATION AND PARTNERSHIP BETWEEN TECHNOLOGY PROVIDERS AND END-USERS 96
- 6.3.2 LUCRATIVE OUTLOOK TOWARDS ENVIRONMENTALLY FRIENDLY SOLUTIONS 97
- 6.3.3 FOSTERING INNOVATION IN THE DEVELOPMENT OF INTELLIGENT SOLUTIONS 97
- 6.4 CHALLENGES 98
- 6.4.1 COMPLEX RULES AND REGULATIONS 98
- 6.4.2 MAINTAINING ENVIRONMENTAL SUSTAINABILITY 99
- 6.4.3 DATA SECURITY AND PRIVACY CONCERNS 100
7 GLOBAL SMART AQUACULTURE MARKET, BY TYPE 101
- 7.1 OVERVIEW 102
- 7.2 SMART FEEDING SYSTEMS 104
- 7.2.1 SUBSEA FEEDING SYSTEM 105
- 7.2.2 WATERBORNE FEEDING SYSTEM 105
- 7.2.3 ROTOR SPREADERS 106
- 7.2.4 FLEXIBLE FEEDING SYSTEM 106
- 7.2.5 OTHERS 106
- 7.3 MONITORING & CONTROL SYSTEMS 106
- 7.3.1 ENVIRONMENTAL MONITORING SYSTEM 108
- 7.3.2 SENSORS 108
- 7.3.2.1 OXYGEN SENSOR 109
- 7.3.2.2 TEMPERATURE SENSOR 109
- 7.3.2.3 PH SENSOR 109
- 7.3.2.4 DATA SENSING 109
- 7.3.3 FISH TV 109
- 7.3.4 POND GUARD 109
- 7.4 WATER TREATMENT SYSTEMS 110
- 7.4.1 RECIRCULATION AQUACULTURE SYSTEM 111
- 7.4.2 AERATION 111
- 7.4.3 FILTRATION 111
- 7.4.4 DISINFECTION 111
- 7.4.5 WASTE MANAGEMENT 112
- 7.4.6 OTHERS 112
- 7.5 AQUACULTURE INTELLIGENCE 112
- 7.5.1 MONITORING/ CONTROL SYSTEM 113
- 7.5.2 AERATION & OXYGEN CONTROL SYSTEM 113
- 7.5.3 CLOUD BASED SOFTWARE 113
- 7.5.4 DISINFECTION 114
- 7.5.5 BIOMASS ESTIMATION SYSTEM 114
- 7.5.6 OTHERS 114
- 7.6 WATER ANIMAL GROWTH MANAGEMENT 114
- 7.6.1.1 BODY SIZE AND POPULATION MANAGEMENT 115
- 7.6.1.2 FISH BEHAVIOR ANALYSIS 115
- 7.6.1.3 DISEASE MANAGEMENT 115
- 7.6.1.4 OTHERS 116
- 7.6.1.4.1 VIDEO ANALYSIS 116
- 7.6.1.4.2 IOT SENSING 116
- 7.6.1.4.3 SOFTWARES 116
- 7.7 UNDERWATER (ROV'S) 117
- 7.7.1.1 WORK CLASS ROV 118
- 7.7.1.2 LIGHT WORK CLASS ROV 118
- 7.7.1.3 OBSERVATION CLASS ROV 118
- 7.7.1.4 MICRO OR MINI ROV 118
- 7.8 SUBMERSIBLE AQUACULTURE SYSTEM 119
- 7.9 CLEANING SYSTEMS 120
- 7.10 DESIGN / CONSTRUCTION ENGINEERING 121
- 7.11 AQUACULTURE ENVIRONMENT MANAGEMENT EQUIPMENTS 122
- 7.12 OTHERS 124
8 GLOBAL SMART AQUACULTURE MARKET, BY OFFERING 125
- 8.1 OVERVIEW 126
- 8.2 HARDWARE 127
- 8.3 SOFTWARE 128
- 8.4 SERVICES 128
9 GLOBAL SMART AQUACULTURE MARKET, BY FARM TYPE 129
- 9.1 OVERVIEW 130
- 9.2 RAS FARMS 131
- 9.3 OPEN AQUACULTURE FARMS 132
10 GLOBAL SMART AQUACULTURE MARKET, BY APPLICATION 133
- 10.1 OVERVIEW 134
- 10.2 LAND-BASED AQUACULTURE 135
- 10.3 MARINE-BASED AQUACULTURE 136
11 GLOBAL SMART AQUACULTURE MARKET, BY REGION 137
- 11.1 OVERVIEW 138
- 11.2 ASIA-PACIFIC 142
- 11.2.1 CHINA 153
- 11.2.2 INDONESIA 161
- 11.2.3 INDIA 169
- 11.2.4 VIETNAM 177
- 11.2.5 SOUTH KOREA 185
- 11.2.6 THAILAND 193
- 11.2.7 PHILIPPINES 201
- 11.2.8 JAPAN 208
- 11.2.9 MALAYSIA 216
- 11.2.10 TAIWAN 224
- 11.2.11 AUSTRALIA 232
- 11.2.12 NEW ZEALAND 240
- 11.2.13 SINGAPORE 247
- 11.2.14 REST OF ASIA-PACIFIC 255
- 11.3 EUROPE 257
- 11.3.1 SPAIN 268
- 11.3.2 FRANCE 275
- 11.3.3 ITALY 283
- 11.3.4 NORWAY 290
- 11.3.5 NETHERLANDS 298
- 11.3.6 POLAND 306
- 11.3.7 GERMANY 313
- 11.3.8 DENMARK 320
- 11.3.9 FINLAND 327
- 11.3.10 SWEDEN 334
- 11.3.11 BELGIUM 341
- 11.3.12 RUSSIA 348
- 11.3.13 U.K. 355
- 11.3.14 SWITZERLAND 362
- 11.3.15 TURKEY 369
- 11.3.16 REST OF EUROPE 376
- 11.4 NORTH AMERICA 377
- 11.4.1 U.S. 387
- 11.4.2 CANADA 394
- 11.4.3 MEXICO 401
- 11.5 MIDDLE EAST AND AFRICA 408
- 11.5.1 EGYPT 417
- 11.5.2 SAUDI ARABIA 424
- 11.5.3 OMAN 431
- 11.5.4 UNITED ARAB EMIRATES 438
- 11.5.5 KUWAIT 445
- 11.5.6 BAHRAIN 452
- 11.5.7 QATAR 459
- 11.5.8 SOUTH AFRICA 466
- 11.5.9 REST OF MIDDLE EAST AND AFRICA 473
- 11.6 SOUTH AMERICA 474
- 11.6.1 BRAZIL 483
- 11.6.2 ARGENTINA 490
- 11.6.3 REST OF SOUTH AMERICA 497
12 GLOBAL SMART AQUACULTURE MARKET: COMPANY LANDSCAPE 498
- 12.1 COMPANY SHARE ANALYSIS: GLOBAL 498
- 12.2 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 499
- 12.3 COMPANY SHARE ANALYSIS: EUROPE 500
- 12.4 COMPANY SHARE ANALYSIS: NORTH AMERICA 501
13 SWOT ANALYSIS 502
14 COMPANY PROFILES 503
- 14.1 INNOVASEA SYSTEMS INC. 503
- 14.1.1 COMPANY SNAPSHOT 503
- 14.1.2 COMPANY SHARE ANALYSIS 503
- 14.1.3 PRODUCT PORTFOLIO 504
- 14.1.4 RECENT DEVELOPMENTS 504
- 14.2 SCALEAQ 506
- 14.2.1 COMPANY SNAPSHOT 506
- 14.2.2 COMPANY SHARE ANALYSIS 506
- 14.2.3 PRODUCT PORTFOLIO 507
- 14.2.4 RECENT DEVELOPMENT 507
- 14.3 IN-SITU INC. 509
- 14.3.1 COMPANY SNAPSHOT 509
- 14.3.2 COMPANY SHARE ANALYSIS 509
- 14.3.3 PRODUCT PORTFOLIO 510
- 14.3.4 RECENT DEVELOPMENT 510
- 14.4 DEEP TREKKER INC. (A SUBSIDIARY OF HALMA PLC) 511
- 14.4.1 COMPANY SNAPSHOT 511
- 14.4.2 COMPANY SHARE ANALYSIS 511
- 14.4.3 PRODUCT PORTFOLIO 512
- 14.4.4 RECENT DEVELOPMENTS 512
- 14.5 BLUEGROVE 513
- 14.5.1 COMPANY SNAPSHOT 513
- 14.5.2 COMPANY SHARE ANALYSIS 513
- 14.5.3 PRODUCT PORTFOLIO 514
- 14.5.4 RECENT DEVELOPMENTS 514
- 14.6 AKVA GROUP 515
- 14.6.1 COMPANY SNAPSHOT 515
- 14.6.2 REVENUE ANALYSIS 515
- 14.6.3 PRODUCT PORTFOLIO 516
- 14.6.4 RECENT DEVELOPMENTS 516
- 14.7 AQ1 SYSTEMS PTY LTD 518
- 14.7.1 COMPANY SNAPSHOT 518
- 14.7.2 PRODUCT PORTFOLIO 518
- 14.7.3 RECENT DEVELOPMENT 518
- 14.8 AQUABYTE 519
- 14.8.1 COMPANY SNAPSHOT 519
- 14.8.2 PRODUCT PORTFOLIO 519
- 14.8.3 RECENT DEVELOPMENT 520
- 14.9 AQUAMAOF AQUACULTURE TECHNOLOGIES LTD. 521
- 14.9.1 COMPANY SNAPSHOT 521
- 14.9.2 PRODUCT PORTFOLIO 521
- 14.9.3 RECENT DEVELOPMENTS 521
- 14.10 CPI EQUIPMENT INC. 523
- 14.10.1 COMPANY SNAPSHOT 523
- 14.10.2 PRODUCT PORTFOLIO 523
- 14.10.3 RECENT DEVELOPMENT 523
- 14.11 ERUVAKA TECHNOLOGIES 525
- 14.11.1 COMPANY SNAPSHOT 525
- 14.11.2 PRODUCT PORTFOLIO 525
- 14.11.3 RECENT DEVELOPMENT 525
- 14.12 EXOSITE 526
- 14.12.1 COMPANY SNAPSHOT 526
- 14.12.2 PRODUCT PORTFOLIO 526
- 14.12.3 RECENT DEVELOPMENT 526
- 14.13 HYDRONEO (THAILAND) CO., LTD. 527
- 14.13.1 COMPANY SNAPSHOT 527
- 14.13.2 PRODUCT PORTFOLIO 527
- 14.13.3 RECENT DEVELOPMENT 528
- 14.14 IMENCO AS 529
- 14.14.1 COMPANY SNAPSHOT 529
- 14.14.2 PRODUCT PORTFOLIO 529
- 14.14.3 RECENT DEVELOPMENT 530
- 14.15 LINN GERATEBAU 531
- 14.15.1 COMPANY SNAPSHOT 531
- 14.15.2 PRODUCT PORTFOLIO 531
- 14.15.3 RECENT DEVELOPMENT 532
- 14.16 MARITECH 533
- 14.16.1 COMPANY SNAPSHOT 533
- 14.16.2 PRODUCT PORTFOLIO 533
- 14.16.3 RECENT DEVELOPMENTS 533
- 14.17 MONITORFISH GMBH 535
- 14.17.1 COMPANY SNAPSHOT 535
- 14.17.2 PRODUCT PORTFOLIO 535
- 14.17.3 RECENT DEVELOPMENT 535
- 14.18 NEXTAQUA 536
- 14.18.1 COMPANY SNAPSHOT 536
- 14.18.2 PRODUCT PORTFOLIO 536
- 14.18.3 RECENT DEVELOPMENT 536
- 14.19 PT JALA AKUAKULTUR LESTARI ALAMKU 537
- 14.19.1 COMPANY SNAPSHOT 537
- 14.19.2 PRODUCT PORTFOLIO 537
- 14.19.3 RECENT DEVELOPMENTS 537
- 14.20 QINGDAO HISHING SMART EQUIPMENT CO., LTD 539
- 14.20.1 COMPANY SNAPSHOT 539
- 14.20.2 PRODUCT PORTFOLIO 539
- 14.20.3 RECENT DEVELOPMENT 540
15 QUESTIONNAIRE 541
16 RELATED REPORTS 545