Precision Aquaculture Market Report 2025

This Precision Aquaculture market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The precision aquaculture market size has grown rapidly in recent years. It will grow from $0.53 billion in 2024 to $0.6 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to growing demand for seafood, rising awareness of the environmental impact, government support and regulations, rising operational costs, and improvements in fish health management.

The precision aquaculture market size is expected to see rapid growth in the next few years. It will grow to $0.99 billion in 2029 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to increasing focus on food safety and quality, rising investments in aquaculture innovations, expansion of aquaculture operations, rising population, and rising middle-class income. Major trends in the forecast period include the adoption of artificial intelligence (AI) and machine learning, advancements in remote sensing technologies, integration of blockchain for traceability, development of advanced data analytics platforms, and enhanced farm management software.

The rising global demand for seafood is expected to drive the growth of the precision aquaculture market in the coming years. Seafood, which includes any edible marine life harvested from oceans, rivers, lakes, or other bodies of water, is in high demand due to its health benefits, such as being rich in proteins and omega-3 fatty acids, as well as increased consumer interest in sustainable and nutritious food options. Precision aquaculture boosts seafood production by optimizing farming practices, ensuring sustainable resource management, and improving the health and quality of aquatic species. For example, the Department of Agriculture, Fisheries, and Forestry reported that Australians consumed around 350,000 tons of seafood in 2021-22, averaging 13.8 kilograms per person. The value of fishery and aquaculture imports also increased by 2% to $2.19 billion, largely driven by a rise in prawn imports. As a result, the growing demand for seafood globally is fueling the expansion of the precision aquaculture market.

Companies in the precision aquaculture sector are focusing on developing innovative products, such as AI-based aquaculture cameras, to maintain a competitive edge. These AI-based aquaculture cameras are advanced imaging systems equipped with artificial intelligence (AI) algorithms specifically designed for monitoring and managing aquaculture environments. In July 2024, ReelData AI, a Canada-based software company, launched ReelVision, an AI camera system designed for aquaculture applications such as behavioral analysis, feeding rates, and fish health monitoring. ReelVision's data-driven approach enables farmers to make better decisions regarding feeding, stocking density, and health management, helping to optimize production, reduce waste, and lower environmental impact.

In July 2024, AKVA Group, a Norway-based aquaculture service provider, acquired Observe Technologies Ltd. for an undisclosed amount. This acquisition allows AKVA Group to leverage advanced AI technologies, enhancing operational efficiency and sustainability in aquaculture while strengthening its digital services and solidifying its leadership in precision fish farming. Observe Technologies Ltd. is a UK-based company specializing in AI-driven aquaculture monitoring solutions aimed at optimizing fish farms.

Major companies operating 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.

Asia-Pacific was the largest region in the precision aquaculture market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precision aquaculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision aquaculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Precision aquaculture involves leveraging advanced technologies and data-driven methods to optimize fish farming practices. It incorporates real-time monitoring, automated systems, and data analytics to promote fish health, improve feeding efficiency, and ensure sustainable, efficient aquaculture operations.

The key components of precision aquaculture include hardware, software, and services. Hardware refers to the physical devices and equipment used in fish farming. The different farm types include open aquaculture farms and recirculatory aquaculture systems (RAS) farms. These systems are applied in areas such as feed optimization, monitoring and surveillance, yield analysis and measurement, among others.

The precision aquaculture market research report is one of a series of new reports that provides precision aquaculture market statistics, including precision aquaculture industry global market size, regional shares, competitors with a precision aquaculture market share, detailed precision aquaculture market segments, market trends, and opportunities, and any further data you may need to thrive in the precision aquaculture industry. This precision aquaculture products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The precision aquaculture market consists of revenues earned by entities by providing services such as consulting services, maintenance and support, system upgrades, and enhancements. The market value includes the value of related goods sold by the service provider or included within the service offering. The precision aquaculture market also includes sales of artificial intelligence (AI)-powered cameras, smart feeding systems, aquaculture sensors, fish tracking, and biometrics systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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