About Smart Aquaculture Systems
Smart aquaculture is a smart production mode. It can be controlled in a distance and automation by applying of IoT, big data, artificial intelligence, 5G, cloud computing, and robotics. Smart aquaculture is nowadays one of the sustainable development trends for the aquaculture industry in intelligence and automation. Modern intelligent technologies have brought huge benefits to many fields including aquaculture to reduce labor, enhance aquaculture production, and be friendly to the environment.
|Unit||Value (USD Million)|
The aquaculture market has experienced fierce competition as a result of partnerships and collaborations between creative enterprises and potential investors who are focused on building a community and network-based industry to cooperate for more sustainable growth in the seafood sector. Leading firms in the aquaculture industry are utilizing predictive solutions, real-time monitoring systems, and advanced sensors to maintain a competitive edge in this dynamic environment that is driven by sustainability. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Aquaculture Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SENECT (Germany), Exosite (United States), AquaMaof Aquaculture Technologies (Israel), Singapore Aquaculture Technologies (Singapore), Smart Water Planet (United States), Eruvaka (India), HydroNeo (Germany), Cargill (United States) and Qingdao Hishing Smart Equipment (China) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Smart Aquaculture Systems market by , Application (Fish, Crab, Shrimp and Others) and Region.
On the basis of geography, the market of Smart Aquaculture Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by System, the sub-segment i.e. Closed System will boost the Smart Aquaculture Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Aquaculture, the sub-segment i.e. Marine will boost the Smart Aquaculture Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Smart Aquaculture Systems Market Dynamics:
- Growth in Commercial Fishing Industry
- Increase in Demand for Fish based High Protein Diet
- Risk Mitigation, Aquaculture Firms Using Large-Scale RAS Are Turning To Digitalization and Enterprise IoT Technologies to Reduce Operational Costs, Increase Fish Quality and Potentially Boost Production
- Low Labor Skill Requirements
- Higher Operating Costs
|Road Blocks / Challenges|
- Disease Control, Low-Impact Production, Feeds and Nutrition
|Gaps & Opportunities|
- Emergence of the Internet of things (IoT)
- Technological Advancements in Sensors
- Improve Efficiency and Maintain the Health of Aquatic Organisms
Government initiative and favorable policies play an important role in generating a suitable environment for entities involved in aquaculture. It includes research, legal framework, and infrastructure for aquaculture. The Food and Agriculture Organization of the United Nations (UN FAO) has acknowledged a gap between seafood supply and demand for the future. It is forecasted that the demand for seafood by 2030 will exceed 260 million tonnes, and the estimated supply by the current production rate will be 210 million tonnes. Thus, aquaculture is considered a capable source to meet the increased demand for seafood. Also, with the increase in the demand for seafood, there are few certifications and standards associated with seafood production for a sustainable environment.
Key Target AudienceSmart Aquaculture System Provider, Raw Material Suppliers, Regulatory Factors and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.