Precision Aquaculture Market with Covid-19 Impact Analysis - Global Forecast to 2026

Table of Content

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION AND SCOPE 32
1.2.1 INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT 33
1.2.2 INCLUSIONS AND EXCLUSIONS: SYSTEM TYPE SEGMENT 33
1.2.3 INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS 34
1.3 STUDY SCOPE 34
1.3.1 MARKETS COVERED 34
1.3.2 GEOGRAPHICAL SCOPE 35
1.4 YEARS CONSIDERED 35
1.5 CURRENCY 35
1.6 PACKAGE SIZE 36
1.7 LIMITATIONS 36
1.8 SUMMARY OF CHANGES 36
1.9 STAKEHOLDERS 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 PRECISION AQUACULTURE MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 40
2.1.1.1 Major secondary sources 40
2.1.1.2 Secondary sources 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Primary interviews with experts 41
2.1.2.2 Breakdown of primaries 42
2.1.2.3 Key data from primary sources 42
2.1.3 SECONDARY AND PRIMARY RESEARCH 43
2.1.3.1 Key industry insights 44
2.1.3.2 List of a few major primary participants 44
2.2 MARKET SIZE ESTIMATION 45
2.2.1 BOTTOM-UP APPROACH 45
2.2.1.1 Approach for capturing market size by bottom-up analysis 45
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
FIGURE 3 MARKET SIZE ESTIMATION: DEMAND-SIDE APPROACH 46
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach for capturing market size by top-down analysis 47
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47
FIGURE 5 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH 48
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 6 DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
2.4.1 KEY MARKET ASSUMPTIONS 51
2.4.2 GROWTH FORECAST ASSUMPTIONS 51
3 EXECUTIVE SUMMARY 52
3.1 POST-COVID-19: REALISTIC SCENARIO 52
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 53
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 53
FIGURE 7 PRE- AND POST-COVID-19 SCENARIO ANALYSES FOR PRECISION AQUACULTURE MARKET, 2017–2026 (USD MILLION) 53
FIGURE 8 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF PRECISION AQUACULTURE MARKET FROM 2021 TO 2026 54
FIGURE 9 MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 54
FIGURE 10 FARM MONITORING AND SURVEILLANCE APPLICATION TO ACCOUNT FOR LARGEST SIZE OF PRECISION AQUACULTURE MARKET IN 2026 55
FIGURE 11 OPEN AQUACULTURE FARMS TO ACCOUNT FOR LARGER SIZE OF
PRECISION AQUACULTURE MARKET IN 2021 56
FIGURE 12 SOUTH AMERICA TO WITNESS HIGHEST CAGR IN PRECISION AQUACULTURE MARKET DURING FORECAST PERIOD 57
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES IN PRECISION AQUACULTURE MARKET 58
FIGURE 13 SURGING ADOPTION OF ADVANCED TECHNOLOGIES SUCH AS IOT, ROVS, AND AI IN AQUACULTURE FARMS 58
4.2 PRECISION AQUACULTURE MARKET IN APAC, BY COUNTRY AND SYSTEM TYPE 59
FIGURE 14 CHINA AND MONITORING & CONTROL SYSTEMS TO BE LARGEST SHAREHOLDERS OF PRECISION AQUACULTURE MARKET IN ASIA PACIFIC,
BY COUNTRY AND SYSTEM TYPE, RESPECTIVELY, IN 2020 59
4.3 PRECISION AQUACULTURE MARKET, BY APPLICATION 59
FIGURE 15 FARM MONITORING & SURVEILLANCE APPLICATION TO HOLD LARGEST SHARE OF PRECISION AQUACULTURE MARKET IN 2026 59
4.4 PRECISION AQUACULTURE MARKET, BY OFFERING 60
FIGURE 16 HARDWARE SEGMENT TO DOMINATE PRECISION AQUACULTURE MARKET IN TERMS OF SIZE DURING FORECAST PERIOD 60
4.5 PRECISION AQUACULTURE MARKET, BY FARM TYPE 60
FIGURE 17 OPEN AQUACULTURE FARMS TO ACCOUNT FOR LARGER MARKET SHARE BETWEEN 2021 AND 2026 60
4.6 GEOGRAPHIC ANALYSIS OF PRECISION AQUACULTURE MARKET 61
FIGURE 18 AMERICAS TO GAIN SIGNIFICANT MARKET SHARE OF GLOBAL PRECISION AQUACULTURE MARKET BY 2026 61
?
5 MARKET OVERVIEW 62
5.1 MARKET DYNAMICS 62
FIGURE 19 PRECISION AQUACULTURE FARMING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
5.1.1 DRIVERS 63
FIGURE 20 PRECISION AQUACULTURE FARMING MARKET: DRIVERS AND THEIR IMPACT 63
5.1.1.1 Surging adoption of advanced technologies such as IoT, ROVs,
and AI for real-time monitoring of aquaculture farms 63
5.1.1.2 Growing investments in technological research and
product innovations 64
5.1.1.3 Rising income levels and demand for protein-rich aqua food 64
FIGURE 21 GLOBAL FISHERY PRODUCTION, 2016–2026 (MILLION TONNES) 64
5.1.1.4 Increasing government support worldwide for freshwater
aquaculture production 64
FIGURE 22 AQUACULTURE PRODUCTION IN MAJOR 10 COUNTRIES
(MILLION METRIC TONS) 65
5.1.2 RESTRAINTS 65
FIGURE 23 PRECISION AQUACULTURE FARMING MARKET:
RESTRAINTS AND THEIR IMPACT 65
5.1.2.1 High upfront costs and capital expenditure 66
5.1.2.2 Need for skilled operators for effective management of
complex systems 66
5.1.2.3 Lack of technological awareness among aquaculture farmers 66
5.1.3 OPPORTUNITIES 67
FIGURE 24 PRECISION AQUACULTURE FARMING MARKET:
OPPORTUNITIES AND THEIR IMPACT 67
5.1.3.1 Surging adoption of aquaculture monitoring and feed optimization devices in developing countries 67
5.1.3.2 Increasing number of cage-based farms in developing regions such as India, China, and South-East Asian countries 68
FIGURE 25 SHARE OF MAJOR CAGE-BASED AQUACULTURE-PRODUCING
COUNTRIES, 2018 68
FIGURE 26 AQUACULTURE PRODUCTION EXPECTED TO SURPASS WILD–CAUGHT
FISH PRODUCTION BY 2024 68
5.1.3.3 Growing popularity of land-based recirculating aquaculture systems 69
TABLE 1 COST ANALYSIS OF RAS-BASED AQUACULTURE FARMS 69
FIGURE 27 CONTRIBUTION OF MAJOR AQUACULTURE TYPES TO OVERALL
PRODUCTION IN 2019 69
FIGURE 28 GLOBAL FISHING FLEET INSTALLED BASE OF DIFFERENT SIZES,
2017–2026 (MILLION UNITS) 70
5.1.4 CHALLENGES 70
FIGURE 29 PRECISION AQUACULTURE FARMING MARKET: CHALLENGES
AND THEIR IMPACT 70
5.1.4.1 Environmental concerns due to extensive aquaculture farming 70
5.1.4.2 Lack of common information management system platform in aquaculture industry 71
6 INDUSTRY TRENDS 72
6.1 VALUE CHAIN ANALYSIS 72
FIGURE 30 VALUE CHAIN ANALYSIS: PRECISION AQUACULTURE MARKET 72
6.1.1 MAJOR MARKET PLAYERS IN PRECISION AQUACULTURE MARKET 73
TABLE 2 PRECISION AQUACULTURE MARKET: SUPPLY CHAIN 73
6.2 INDUSTRY TRENDS 74
6.2.1 ADVENT OF AI, AR/VR, AND BLOCKCHAIN IN AQUACULTURE TO
ACCELERATE MARKET GROWTH 74
6.2.2 USE OF FARM AUTOMATION SOLUTIONS, REMOTELY-OPERATED VEHICLES, AND FEEDING ROBOTS TO REDUCE LABOR COSTS 75
6.2.3 ADOPTION OF ROBOTIC CAGES AND UNDERWATER DRONES IN AQUACULTURE FARMS 75
6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE (ASP) TRENDS 75
FIGURE 31 AVERAGE SELLING PRICES OF PRECISION AQUACULTURE SENSORS (IN USD) 75
TABLE 3 PRICING ANALYSIS FOR ROV SYSTEM COMPONENTS 76
6.4 LIST OF KEY PATENTS AND INNOVATIONS IN PRECISION AQUACULTURE
MARKET, 2015–2020 76
FIGURE 32 NUMBER OF PATENTS APPROVED FOR AQUACULTURE
TECHNOLOGIES WORLDWIDE, 2015–2020 80
FIGURE 33 APPLICANT-WISE ANALYSIS OF PATENTS FILED BY PLAYERS FOR SMART FARMING, 2015–2020 81
6.5 TRADE DATA 81
TABLE 4 IMPORT DATA FOR VACUUM PUMPS AND FILTRATION SYSTEMS UNDER HS CODE: 8414, 2015–2019 (USD MILLION) 81
FIGURE 34 IMPORT VALUES OF VACUUM PUMPS AND FILTRATION SYSTEMS IN MAJOR COUNTRIES, 2015–2019 82
TABLE 5 EXPORT DATA OF VACUUM PUMPS AND FILTRATION SYSTEMS UNDER HS CODE: 8414, 2015–2019 (USD MILLION) 82
FIGURE 35 EXPORT VALUES OF VACUUM PUMPS AND FILTRATION SYSTEMS IN
MAJOR COUNTRIES, 2015–2019 83
6.6 CASE STUDIES: PRECISION AQUACULTURE MARKET 83
6.6.1 INTRODUCTION 83
6.6.2 OPEN BLUE 83
TABLE 6 INNOVASEA HELPS OPEN BLUE BECOME LARGEST OPEN OCEAN
FISH FARM IN WORLD 83
6.6.3 EARTH OCEAN FARMS 84
TABLE 7 INNOVASEA ENABLES EARTH OCEAN FARMS TO EXPAND PRODUCTION WITH RUGGED EVOLUTION PENS 84
6.6.4 ERKO SEAFOOD AS 85
TABLE 8 WITH AKVA GROUP?S EXPERTISE AND QUICK SERVICE, ERKO SEAFOOD AS FOUND REAL DEAL 85
6.6.5 VERMONT HATCHERY 86
TABLE 9 VERMONT HATCHERY SAVES MILLIONS IN ENERGY COSTS WITH INNOVASEA-DESIGNED RECIRCULATING AQUACULTURE SYSTEM 86
6.6.6 THE KINGFISH COMPANY 87
TABLE 10 WITH PHILIPS LIGHTING, THE KINGFISH ZEELAND FISHERY AIMS TO OBTAIN SUSTAINABLE PRODUCTION OF PREMIUM MARINE SEAFOOD 87
6.6.7 GIFAS 87
TABLE 11 PHILIPS LED SOLUTIONS OFFER NEW POSSIBILITIES FOR SALMON INDUSTRY 87
6.6.8 LINGALAKS 88
TABLE 12 PHILIPS LED LIGHTING HELPS IN PREVENTING SEA LICE IN
SALMON PRODUCTION 88
6.7 PORTER?S FIVE FORCES ANALYSIS 88
FIGURE 36 PRECISION AQUACULTURE MARKET: PORTER?S FIVE FORCES ANALYSIS 88
TABLE 13 PRECISION AQUACULTURE MARKET: PORTER?S FIVE FORCES ANALYSIS 89
6.7.1 THREAT OF NEW ENTRANTS 89
6.7.2 THREAT OF SUBSTITUTES 89
6.7.3 BARGAINING POWER OF SUPPLIERS 89
6.7.4 BARGAINING POWER OF BUYERS 90
6.7.5 INTENSITY OF COMPETITIVE RIVALRY 90
6.8 TARIFF AND REGULATORY LANDSCAPE 90
6.8.1 TARIFF AND REGULATIONS IN PRECISION AQUACULTURE 90
TABLE 14 TARIFF REGULATIONS: PRECISION AQUACULTURE 90
6.9 PRECISION AQUACULTURE MARKET ECOSYSTEM 93
FIGURE 37 SMART AGRICULTURE ECOSYSTEM 93
7 PRECISION AQUACULTURE MARKET, BY OFFERING 94
7.1 INTRODUCTION 95
TABLE 15 PRECISION AQUACULTURE MARKET, BY OFFERING,
2017–2020 (USD MILLION) 95
FIGURE 38 SERVICES SEGMENT TO EXHIBIT HIGHEST CAGR IN PRECISION AQUACULTURE MARKET DURING FORECAST PERIOD 95
TABLE 16 PRECISION AQUACULTURE MARKET, BY OFFERING,
2021–2026 (USD MILLION) 96
7.2 HARDWARE 96
TABLE 17 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY TYPE,
2017–2020 (USD MILLION) 97
FIGURE 39 SENSORS TO HOLD LARGEST SIZE OF PRECISION AQUACULTURE MARKET FOR HARDWARE SYSTEMS IN 2026 97
TABLE 18 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY TYPE,
2021–2026 (USD MILLION) 98
TABLE 19 PRECISION AQUACULTURE SENSOR MARKET, BY TYPE,
2017–2020 (USD MILLION) 98
TABLE 20 PRECISION AQUACULTURE SENSOR MARKET, BY TYPE,
2021–2026 (USD MILLION) 99
TABLE 21 PRECISION AQUACULTURE SENSOR MARKET, BY TYPE,
2017–2020 (MILLION UNITS) 99
TABLE 22 PRECISION AQUACULTURE SENSOR MARKET, BY TYPE,
2021–2026 (MILLION UNITS) 99
TABLE 23 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY SYSTEM TYPE, 2017–2020 (USD MILLION) 100
TABLE 24 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY SYSTEM TYPE, 2021–2026 (USD MILLION) 100
TABLE 25 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY FARM TYPE,
2017–2020 (USD MILLION) 100
TABLE 26 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY FARM TYPE,
2021–2026 (USD MILLION) 101
TABLE 27 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY REGION,
2017–2020 (USD MILLION) 101
FIGURE 40 AMERICAS TO WITNESS HIGHEST CAGR IN PRECISION AQUACULTURE MARKET FOR HARDWARE OFFERING DURING FORECAST PERIOD 101
TABLE 28 PRECISION AQUACULTURE MARKET FOR HARDWARE, BY REGION,
2021–2026 (USD MILLION) 102
7.2.1 SENSORS 102
7.2.1.1 Temperature and environmental sensors 102
7.2.1.1.1 Increasing demand for temperature and environmental sensors for monitoring fish pens and cages in widely varying sea conditions 102
7.2.1.2 pH and dissolved oxygen sensors 102
7.2.1.2.1 Growing need to monitor dissolved oxygen content to boost deployment of pH and dissolved oxygen sensors 102
7.2.1.3 EC sensors 103
7.2.1.3.1 EC sensors to witness increased adoption in RAS and pond-based aquaculture farms 103
7.2.1.4 Others 103
7.2.2 CAMERA SYSTEMS 103
7.2.2.1 Rising adoption of smart HD and 4K camera systems in
aquaculture farms 103
7.2.3 CONTROL SYSTEMS 103
7.2.3.1 Market for wireless control systems to witness significant growth rate in coming years 103
7.2.4 OTHERS 103
7.3 SOFTWARE 104
TABLE 29 PRECISION AQUACULTURE SOFTWARE MARKET, BY TYPE,
2017–2020 (USD MILLION) 104
FIGURE 41 ON-CLOUD SOFTWARE TYPE TO WITNESS HIGHER CAGR IN PRECISION AQUACULTURE MARKET DURING FORECAST PERIOD 104
TABLE 30 PRECISION AQUACULTURE SOFTWARE MARKET, BY TYPE,
2021–2026 (USD MILLION) 105
TABLE 31 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2017–2020 (USD MILLION) 105
TABLE 32 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY SYSTEM TYPE, 2021–2026 (USD MILLION) 105
TABLE 33 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY FARM TYPE,
2017–2020 (USD MILLION) 106
TABLE 34 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY FARM TYPE,
2021–2026 (USD MILLION) 106
TABLE 35 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY REGION,
2017–2020 (USD MILLION) 106
TABLE 36 PRECISION AQUACULTURE MARKET FOR SOFTWARE, BY REGION,
2021–2026 (USD MILLION) 107
7.3.1 ON CLOUD 107
7.3.1.1 Growing popularity of software-as-a-service model fuels demand for cloud technology to ensure remote access to crucial data 107
7.3.2 ON PREMISES 107
7.3.2.1 Ability to reuse existing servers fosters growth of market for
on-premise software solutions 107
7.4 SERVICES 108
7.4.1 SYSTEM INTEGRATION AND DEPLOYMENT 108
7.4.1.1 Integration of hardware equipment and software platform to create new opportunities 108
7.4.2 CONSULTING 108
7.4.2.1 Cage-based and RAS-based farming to offer lucrative opportunities for consulting services 108
7.4.3 DATA ANALYTICS 109
7.4.3.1 Increasing deployment of IoT devices on aquaculture farms to provide relevant data for data analytics services 109
7.4.4 SUPPORT AND MAINTENANCE 109
7.4.4.1 Support and maintenance services help in mitigating frequent hardware system failures 109
TABLE 37 PRECISION AQUACULTURE SERVICE MARKET, BY TYPE,
2017–2020 (USD MILLION) 109
TABLE 38 PRECISION AQUACULTURE SERVICE MARKET, BY TYPE,
2021–2026 (USD MILLION) 110
TABLE 39 PRECISION AQUACULTURE MARKET FOR SERVICES, BY SYSTEM TYPE,
2017–2020 (USD MILLION) 110
FIGURE 42 MONITORING AND CONTROL SYSTEMS TO HOLD LARGEST SIZE OF PRECISION AQUACULTURE MARKET FOR SERVICES FROM 2021 TO 2026 110
TABLE 40 PRECISION AQUACULTURE MARKET FOR SERVICES, BY SYSTEM TYPE,
2021–2026 (USD MILLION) 111
TABLE 41 PRECISION AQUACULTURE MARKET FOR SERVICES, BY REGION,
2017–2020 (USD MILLION) 111
TABLE 42 PRECISION AQUACULTURE MARKET FOR SERVICES, BY REGION,
2021–2026 (USD MILLION) 111
8 PRECISION AQUACULTURE MARKET, BY SYSTEM TYPE 113
8.1 INTRODUCTION 114
TABLE 43 PRECISION AQUACULTURE MARKET, BY SYSTEMS TYPE,
2017–2020 (USD MILLION) 114
FIGURE 43 UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS TO EXHIBIT HIGHEST CAGR IN PRECISION AQUACULTURE MARKET FROM 2021 TO 2026 114
TABLE 44 PRECISION AQUACULTURE MARKET, BY SYSTEMS TYPE,
2021–2026 (USD MILLION) 115
8.2 SMART FEEDING SYSTEMS 115
8.2.1 SMART FEEDING SYSTEMS ENSURE OPTIMUM FEED INTAKE FOR HIGHER PRODUCTIVITY OF AQUACULTURE FARMS 115
TABLE 45 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY OFFERING, 2017–2020 (USD MILLION) 116
TABLE 46 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY OFFERING, 2021–2026 (USD MILLION) 116
TABLE 47 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY FARM TYPE, 2017–2020 (USD MILLION) 117
TABLE 48 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY FARM TYPE, 2021–2026 (USD MILLION) 117
TABLE 49 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY REGION, 2017–2020 (USD MILLION) 117
FIGURE 44 PRECISION AQUACULTURE MARKET IN AMERICAS FOR SMART FEEDING SYSTEMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 118
TABLE 50 PRECISION AQUACULTURE MARKET FOR SMART FEEDING SYSTEMS,
BY REGION, 2021–2026 (USD MILLION) 118
8.3 MONITORING AND CONTROL SYSTEMS 118
8.3.1 MONITORING AND CONTROL SYSTEMS EFFECTIVELY MONITOR HEALTH AND ACTIVITIES OF FISH ENSURING IMPROVED PRODUCTIVITY 118
TABLE 51 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY OFFERING, 2017–2020 (USD MILLION) 119
TABLE 52 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY OFFERING, 2021–2026 (USD MILLION) 119
TABLE 53 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY FARM TYPE, 2017–2020 (USD MILLION) 120
TABLE 54 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY FARM TYPE, 2021–2026 (USD MILLION) 120
TABLE 55 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY REGION, 2017–2020 (USD MILLION) 120
FIGURE 45 PRECISION AQUACULTURE MARKET IN AMERICAS FOR MONITORING AND CONTROL SYSTEMS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 121
TABLE 56 PRECISION AQUACULTURE MARKET FOR MONITORING AND CONTROL SYSTEMS, BY REGION, 2021–2026 (USD MILLION) 121
8.4 UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS 121
8.4.1 UNDERWATER ROV SYSTEMS TO CAPTURE HIGHEST CAGR IN PRECISION AQUACULTURE MARKET DURING FORECAST PERIOD 121
TABLE 57 PRECISION AQUACULTURE MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS, BY OFFERING, 2017–2020 (USD MILLION) 122
TABLE 58 PRECISION AQUACULTURE MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS, BY OFFERING, 2021–2026 (USD MILLION) 122
TABLE 59 PRECISION AQUACULTURE MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS, BY REGION, 2017–2020 (USD MILLION) 123
FIGURE 46 EUROPE TO HOLD LARGEST SIZE OF PRECISION AQUACULTURE MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS IN 2026 123
TABLE 60 PRECISION AQUACULTURE MARKET FOR UNDERWATER REMOTELY-OPERATED VEHICLE SYSTEMS, BY REGION, 2021–2026 (USD MILLION) 123
8.5 OTHERS 124
TABLE 61 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES,
BY OFFERING, 2017–2020 (USD MILLION) 124
TABLE 62 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES,
BY OFFERING, 2021–2026 (USD MILLION) 125
TABLE 63 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION) 125
FIGURE 47 FEED OPTIMIZATION APPLICATION TO DOMINATE PRECISION
AQUACULTURE MARKET FOR OTHER SYSTEMS, IN TERMS OF SIZE, DURING FORECAST PERIOD 126
TABLE 64 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION) 126
TABLE 65 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES,
BY AQUACULTURE FARM TYPE, 2017–2020 (USD MILLION) 126
TABLE 66 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES,
BY AQUACULTURE FARM TYPE, 2021–2026 (USD MILLION) 127
TABLE 67 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES, BY REGION, 2017–2020 (USD MILLION) 127
TABLE 68 PRECISION AQUACULTURE MARKET FOR OTHER SYSTEM TYPES, BY REGION, 2021–2026 (USD MILLION) 127
9 PRECISION AQUACULTURE MARKET, BY APPLICATION 128
9.1 INTRODUCTION 129
TABLE 69 PRECISION AQUACULTURE MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 129
FIGURE 48 FARM MONITORING AND SURVEILLANCE APPLICATION TO LEAD PRECISION AQUACULTURE MARKET IN 2026 129
TABLE 70 PRECISION AQUACULTURE MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 130
9.2 FEED OPTIMIZATION 130
9.2.1 FEED OPTIMIZATION APPLICATION HELD LARGEST MARKET SHARE OF PRECISION AQUACULTURE MARKET IN 2020 130
TABLE 71 PRECISION AQUACULTURE MARKET FOR FEED OPTIMIZATION APPLICATION, BY OFFERING, 2017–2020 (USD MILLION) 131
TABLE 72 PRECISION AQUACULTURE MARKET FOR FEED OPTIMIZATION APPLICATION, BY OFFERING, 2021–2026 (USD MILLION) 131
TABLE 73 PRECISION AQUACULTURE MARKET FOR FEED OPTIMIZATION APPLICATION, BY REGION, 2017–2020 (USD MILLION) 131
FIGURE 49 APAC TO HOLD LARGEST SIZE OF PRECISION AQUACULTURE MARKET FOR FEEDING OPTIMIZATION APPLICATION FROM 2021 TO 2026 132
TABLE 74 PRECISION AQUACULTURE MARKET FOR FEED OPTIMIZATION APPLICATION, BY REGION, 2021–2026 (USD MILLION) 132
9.3 MONITORING AND SURVEILLANCE 133
9.3.1 RISING ADOPTION OF AI AND IOT TECHNOLOGIES FOR FARM MANAGEMENT TO PROPEL GROWTH OF MARKET FOR MONITORING AND
SURVEILLANCE APPLICATION 133
TABLE 75 PRECISION AQUACULTURE MARKET FOR MONITORING, AND SURVEILLANCE APPLICATION, BY OFFERING, 2017–2020 (USD MILLION) 133
TABLE 76 PRECISION AQUACULTURE MARKET FOR MONITORING AND SURVEILLANCE APPLICATION, BY OFFERING, 2021–2026 (USD MILLION) 133
TABLE 77 PRECISION AQUACULTURE MARKET FOR MONITORING AND SURVEILLANCE APPLICATION, BY REGION, 2017–2020 (USD MILLION) 134
FIGURE 50 MONITORING AND SURVEILLANCE APPLICATION MARKET IN AMERICAS EXPECTED TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026 134
TABLE 78 PRECISION AQUACULTURE MARKET FOR MONITORING AND SURVEILLANCE APPLICATION, BY REGION, 2021–2026 (USD MILLION) 134
9.4 YIELD ANALYSIS AND MEASUREMENT 135
9.4.1 MARKET FOR YIELD ANALYSIS AND MEASUREMENT APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 135
TABLE 79 PRECISION AQUACULTURE MARKET FOR YIELD ANALYSIS AND MEASUREMENT APPLICATION, BY OFFERING, 2017–2020 (USD MILLION) 135
TABLE 80 PRECISION AQUACULTURE MARKET FOR YIELD ANALYSIS AND MEASUREMENT APPLICATION, BY OFFERING, 2021–2026 (USD MILLION) 136
TABLE 81 PRECISION AQUACULTURE MARKET FOR YIELD ANALYSIS AND MEASUREMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION) 136
FIGURE 51 PRECISION AQUACULTURE MARKET FOR YIELD ANALYSIS AND MEASUREMENT IN ROW IS EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 136
TABLE 82 PRECISION AQUACULTURE MARKET FOR YIELD ANALYSIS AND MEASUREMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION) 137
9.5 OTHERS 137
TABLE 83 PRECISION AQUACULTURE MARKET FOR OTHER APPLICATIONS,
BY OFFERING, 2017–2020 (USD MILLION) 137
TABLE 84 PRECISION AQUACULTURE MARKET FOR OTHER APPLICATIONS,
BY OFFERING, 2021–2026 (USD MILLION) 138
TABLE 85 PRECISION AQUACULTURE MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 138
FIGURE 52 PRECISION AQUACULTURE MARKET IN AMERICAS FOR OTHER APPLICATIONS EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 138
TABLE 86 PRECISION AQUACULTURE MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 139
10 PRECISION AQUACULTURE MARKET, BY FARM TYPE 140
10.1 INTRODUCTION 141
TABLE 87 PRECISION AQUACULTURE MARKET, BY FARM TYPE,
2017–2020 (USD MILLION) 141
FIGURE 53 RAS FARMS TO EXHIBIT HIGHER CAGR IN PRECISION AQUACULTURE MARKET FROM 2021 TO 2026 141
TABLE 88 PRECISION AQUACULTURE MARKET, BY FARM TYPE,
2021–2026 (USD MILLION) 141
10.2 OPEN AQUACULTURE FARMS 142
TABLE 89 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY TYPE, 2017–2020 (USD MILLION) 142
TABLE 90 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY TYPE, 2021–2026 (USD MILLION) 143
TABLE 91 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY OFFERING, 2017–2020 (USD MILLION) 143
TABLE 92 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY OFFERING, 2021–2026 (USD MILLION) 143
TABLE 93 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY SYSTEM TYPE, 2017–2020 (USD MILLION) 144
TABLE 94 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY SYSTEM TYPE, 2021–2026 (USD MILLION) 144
TABLE 95 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY APPLICATION, 2017–2020 (USD MILLION) 144
TABLE 96 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY APPLICATION, 2021–2026 (USD MILLION) 145
TABLE 97 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY REGION, 2017–2020 (USD MILLION) 145
FIGURE 54 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS IN AMERICAS TO GROW AT HIGHEST CAGR FROM 2020 TO 2026 145
TABLE 98 PRECISION AQUACULTURE MARKET FOR OPEN AQUACULTURE FARMS,
BY REGION, 2021–2026 (USD MILLION) 146
10.2.1 POND BASED 146
10.2.1.1 Pond-based farms to hold larger share of precision aquaculture market for open aquaculture farms in 2020 146
10.2.2 CAGE BASED 146
10.2.2.1 Developing countries to offer new market opportunities for
cage-based aquaculture farms during forecast period 146
10.3 RAS FARMS 147
10.3.1 RAS FARMS TO EXHIBIT HIGHER CAGR FROM 2021 TO 2026 147
TABLE 99 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY OFFERING,
2017–2020 (USD MILLION) 147
TABLE 100 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY OFFERING,
2021–2026 (USD MILLION) 147
TABLE 101 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY SYSTEM TYPE, 2017–2020 (USD MILLION) 148
TABLE 102 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY SYSTEM TYPE, 2021–2026 (USD MILLION) 148
TABLE 103 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY APPLICATION, 2017–2020 (USD MILLION) 148
TABLE 104 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY APPLICATION, 2021–2026 (USD MILLION) 149
TABLE 105 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY REGION,
2017–2020 (USD MILLION) 149
FIGURE 55 PRECISION AQUACULTURE MARKET FOR RAS FARMS IN EUROPE TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 149
TABLE 106 PRECISION AQUACULTURE MARKET FOR RAS FARMS, BY REGION,
2021–2026 (USD MILLION) 150
11 GEOGRAPHIC ANALYSIS 151
11.1 INTRODUCTION 152
FIGURE 56 PRECISION AQUACULTURE MARKET: GEOGRAPHIC SNAPSHOT 152
TABLE 107 PRECISION AQUACULTURE MARKET, BY REGION, 2017–2020 (USD MILLION) 153
TABLE 108 PRECISION AQUACULTURE MARKET, BY REGION, 2021–2026 (USD MILLION) 153
11.2 AMERICAS 154
TABLE 109 PRECISION AQUACULTURE MARKET IN AMERICAS, BY SYSTEM TYPE,
2017–2020 (USD MILLION) 154
TABLE 110 PRECISION AQUACULTURE MARKET IN AMERICAS, BY SYSTEM TYPE,
2021–2026 (USD MILLION) 154
TABLE 111 PRECISION AQUACULTURE MARKET IN AMERICAS, BY OFFERING,
2017–2020 (USD MILLION) 155
TABLE 112 PRECISION AQUACULTURE MARKET IN AMERICAS, BY OFFERING,
2021–2026 (USD MILLION) 155
TABLE 113 PRECISION AQUACULTURE MARKET IN AMERICAS, BY APPLICATION,
2017–2020 (USD MILLION) 155
TABLE 114 PRECISION AQUACULTURE MARKET IN AMERICAS, BY APPLICATION,
2021–2026 (USD MILLION) 156
TABLE 115 PRECISION AQUACULTURE MARKET IN AMERICAS, BY AQUACULTURE FARM TYPE, 2017–2020 (USD MILLION) 156
TABLE 116 PRECISION AQUACULTURE MARKET IN AMERICAS, BY AQUACULTURE FARM TYPE, 2021–2026 (USD MILLION) 156
TABLE 117 PRECISION AQUACULTURE MARKET IN AMERICAS, BY REGION,
2017–2020 (USD MILLION) 157
TABLE 118 PRECISION AQUACULTURE MARKET IN AMERICAS, BY REGION,
2021–2026 (USD MILLION) 157
11.2.1 NORTH AMERICA 157
FIGURE 57 SNAPSHOT: PRECISION AQUACULTURE MARKET IN NORTH AMERICA 158
TABLE 119 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2017–2020 (USD MILLION) 158
TABLE 120 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY SYSTEM TYPE, 2021–2026 (USD MILLION) 159
TABLE 121 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION) 159
TABLE 122 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION) 159
TABLE 123 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION) 160
TABLE 124 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION) 160
TABLE 125 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 160
TABLE 126 PRECISION AQUACULTURE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 161
11.2.1.1 US 161
11.2.1.1.1 US accounted for largest share of precision aquaculture market in North America 161
11.2.1.2 Canada 162
11.2.1.2.1 Large presence of aquaculture farms is fostering growth of precision aquaculture market 162
11.2.1.3 Mexico 162
11.2.1.3.1 Market in Mexico is expected to witness robust growth during forecast period 162
11.2.2 SOUTH AMERICA 163
FIGURE 58 SNAPSHOT: PRECISION AQUACULTURE MARKET IN SOUTH AMERICA 163
TABLE 127 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2017–2020 (USD MILLION) 164
TABLE 128 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY SYSTEM TYPE, 2021–2026 (USD MILLION) 164
TABLE 129 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION) 164
TABLE 130 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION) 165
TABLE 131 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION) 165
TABLE 132 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION) 165
TABLE 133 PRECISION AQUACULTURE MARKET IN SOUTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 166
TABLE 1