Precision Aquaculture Market

Precision Aquaculture Market

Precision Aquaculture Market by Offering (Hardware, Software and Services), By System Type (Smart Feeding Systems, Monitoring & Control Systems, Underwater Rov Systems and Others), By Application (Feeding Management, Monitoring, Control & Surveillance and Others) and By Region – Global Opportunities & Forecast, 2020–2027

GMI Research

GMI Research See the Future Insights 1

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Precision Aquaculture Market: • AKVA Group • InnovaSea Systems • Deep Trekker • Eruvaka Technology • Steinsvik • Aquabyte, Inc. • Lifegard Aquatics • Imenco AS • Observe Technology • MonitorFish • Aqualine AS The key drivers of the Precision Aquaculture Market are as follows: The significant factors contributing to the growth of the precision aquaculture market include the strong demand for protein-rich aqua food, coupled with the growing income of the middle-class population. Growing adoption of advanced technology IoT, artificial intelligence, feeding robots, and underwater remotely operated vehicles will surge the demand for the global precision aquaculture market. The rising number of aquaculture farms and an increase in the production of aquaculture is creating various growth opportunities to the market. Furthermore, the growing focus on the deployment of large-scale offshore aquaculture projects and increasing various government initiatives will propel the growth of the potential growth of the market.

The growing popularity of aquaculture is providing substantial opportunities for the implementation of land-based recirculating aquaculture systems. On the other hand, 2

the key factors restraining the growth of the global precision aquaculture market include high monitoring cost of aquaculture farms, the need of large capital expenditure, system complexity, lack of availability of skilled operators, and limited technological awareness among farmers globally.

Based on the region, the Asia-Pacific is expected to dominate the market during the forecast period due to the growth in the number of aquaculture farms and the high adoption of aquaculture technology in economies such as China, India, Indonesia, and Japan. Furthermore, widespread automation of aquaculture farms will propel the precision aquaculture market in this region.

The study objectives of this report are: 1. To study and forecast the size of the market.

2. To analyze the key players, SWOT analysis, value, and market share for the leading players.

3. To define, describe, and forecast the market by different segments.

4. To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Precision Aquaculture Market: Breakup by Offering: • Hardware o Monitoring Devices ▪ Temperature and Environmental Monitoring Devices ▪ PH and Dissolved Oxygen Sensors ▪ Others o Camera Systems o Others • Software o On-Cloud o On-Premises • Services 3

Breakup by System Type: • Smart Feeding Systems • Monitoring & Control Systems • Underwater Rov Systems • Others Breakup by Application: • Feeding Management • Monitoring, Control & Surveillance • Others Breakup by Region: • North America o United States of America o Canada • Asia Pacific o China o Japan o India o Rest of APAC • Europe o United Kingdom o Germany o France o Spain o Rest of Europe • RoW o Brazil o South Africa o Saudi Arabia o UAE o Rest of the world (remaining countries of the LAMEA region) About GMI Research 4

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim 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.

Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address: Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/

5