The Precision Aquaculture Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Precision Aquaculture Market?
The historical growth trend in the Precision Aquaculture Global Market Report 2025 market indicates a significant expansion. The market has seen rapid growth in size, with it being projected to increase from a market size of $0.53 billion in 2024 to reach $0.6 billion by 2025. This suggests a Compound Annual Growth Rate (CAGR) of 13.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Precision Aquaculture Industry?
The Precision Aquaculture Global Market is predicted to expand to a size of $0.99 billion by 2029, achieving a compound annual growth rate (CAGR) of 13.2% over the next few years.
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What are the Key Growth Drivers Fueling the Precision Aquaculture Market?
The key drivers in the precision aquaculture market are:
• Increasing concern over food safety and quality
• Significant investments in innovative aquaculture solutions
• Continuing expansion of aquaculture operations worldwide
• Rising population coupled with an increasing middle-class income
Global Market Segmentation: Identifying Major Precision Aquaculture Industry Segments
The precision aquaculturemarket covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Farm Type: Open Aquaculture Farm, Recirculatory Aquaculture System (RAS) Farm
3) By Application: Feed Optimization, Monitoring And Surveillance, Yield Analysis And Measurement, Other Applications
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What are the emerging Trends Shaping the Future of the Precision Aquaculture Market?
The key trends in the precision aquaculture market are:
• The adoption of artificial intelligence and machine learning in precision aquaculture is a notable emerging trend.
• There is a significant influence of advancements in remote sensing technologies on the market.
• The integration of blockchain for traceability is another rising trend to watch out for.
• The evolution of advanced data analytics platforms and enhanced farm management software are key trending factors.
Who Are the Top Competitors & Leading Players in the Precision Aquaculture Market?
Major companies in the precision aquaculture market are:
• Signify N.V.
• Pentair PLC
• Nofima AS
• Cermaq Group AS
• Skretting
• Grieg Seafood ASA
• AKVA Group ASA
• ScaleAQ
• Benchmark Holdings PLC
• In-Situ Inc.
• InnovaSea Systems Inc.
• Biomar Group
• INVE Aquaculture
• Eruvaka Technologies
• BioFishency Ltd.
• Ace Aquatec
• OxyGuard International A/S
• Planet Lighting Ltd.
• AquaMaof Aquaculture Technologies Ltd.
• SNRAS Systems Private Ltd.
Regional Dominance: Which Area Leads the Global Precision Aquaculture Market?
Asia-Pacific was the largest region in the precision aquaculture market in 2024
