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Precision Aquaculture Market Share

Report ID: GMI10493
Published Date: Jul 2024
Report Format: PDF

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Precision Aquaculture Market Share

AKVA Group, Innovasea, and Aquabyte hold a significant market share of 25%. AKVA Group is leveraging its extensive portfolio of advanced aquaculture equipment and integrated software solutions to maintain a competitive edge. Their focus on innovation and customer-centric solutions enhances operational efficiency for aquaculture farms, driving market leadership.

Innovasea and Aquabyte are intensifying competition by offering cutting-edge technologies such as real-time data analytics and AI-driven monitoring systems. Their emphasis on sustainability and precision in aquaculture operations positions them as strong contenders in the industry.

Precision Aquaculture Market Companies

Major players operating in the precision aquaculture industry are:

AKVA Group
CageEye
Eruvaka Technologies
Innovasea
Aquabyte
XpertSea
Aquaculture Systems Technologies, LLC (AST)

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for precision aquaculture was valued at USD 1.4 billion in 2023 and is estimated to register a CAGR of 15% between 2024 and 2032, favored by the technological advancements in aquaculture monitoring and control systems.

In 2023, the hardware segment accounted for a market share of over 44% and will continue to gain traction through 2032, as the integration of advanced hardware solutions facilitates proactive management decisions, improves resource utilization, and supports the overall health & growth of aquatic populations.

Asia Pacific led the global market, with a major share of around 34% in 2023. The growth is driven by modernization of aquaculture practices through technological advancements, along with growing seafood consumption.

AKVA Group, CageEye, Eruvaka Technologies, Innovasea, Aquabyte, XpertSea, and Aquaculture Systems Technologies, LLC (AST).