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IoT for Fisheries and Aquaculture Market Worth $1.23 Billion by 2030

JERSEY CITY, NJ, July 8, 2022 /PRNewswire/ — InsightAce Analytic Pvt. announces the publication of a market assessment report on “Global IoT Market for Fisheries and Aquaculture By Application (Feed Optimization, Tracking & Monitoring, Analytics & Yield Measurement, and Other Applications), By System Type (Smart Feeding Systems, Precision Fishing Techniques, Smart Buoy Technology, Metocean Data Collection, monitoring and control systems, underwater ROV systems, and other type of system), type of farm (open aquaculture farms and RAS farms)– By trends, industry competition analysis, revenue and forecast to 2030 »

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According to the latest research from InsightAce Analytic, the global IoT for Fisheries and Aquaculture market size is valued at US$415.37 million in 2021 and is expected to reach US$1232.32 million in 2030, registering a promising CAGR of 13.2% over the period 2022-2030.

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In recent years, the IoT has already shown a wide range of application sectors. In the aquaculture sector, Internet of Things (IoT)-based devices are being used to monitor fundamental aquaculture demands and assist in the provision of fishing necessities. Many water conditions will be monitored using IoT sensors to improve fish habitat. These devices include sensors that detect the level of hydrogen potential (pH) and the temperature of the water, as well as two additional sections for measuring the level of dissolved oxygen and the level of ammonia using test kits, which are necessary for proper fish farming in suitable water. . Companies are focusing on developing cloud-based analysis software tools, including artificial intelligence, to collect data from smart sensors and satellites, making aquaculture operations more productive and environmentally friendly. environment. The growing popularity of aquaculture will drive the future demand for IoT in the aquaculture market.

The growth of IoT for fisheries and aquaculture market can be driven by factors such as growing number of aquaculture farms, increasing investment in R&D, product innovation, adoption of advanced technologies, high demand for protein-rich aquaculture feeds and increased government support for aquaculture infrastructure development. The major drivers for market expansion are increasing use of aquaculture equipment in fish farms across the globe, popularity of aquaculture using recirculating aquaculture systems (RAS), and rapid adoption of ROVs submarines in developing countries.

However, the development of IoT for fisheries and aquaculture market may be hampered by complicated system procedures, high monitoring costs for aquaculture farms, need for high capital investment, shortage of skilled operators and a lack of farmers familiar with cutting. advanced technologies.

Geographically, the Asia Pacific The market is expected to dominate over the forecast period owing to rapid adoption of advanced technologies and growth in the aquaculture industry. China, India, Indonesiaand Japan are the leading countries in this Region.

Some of the Major Players of IoT for Fisheries and Aquaculture Market are AKVA Group (Norway), InnovaSea Systems (USA), Steinsvik (ScaleAQ) (Norway), Deep Trekker (Canada), Aquabyte (USA), Eruvaka Technologies (India), Akuakare (Turkey), CPI Equipment (Canada), Lifegard Aquatics (USA), Bluegrove (Norway), Imenco AS (Norway), In-Situ (US), Signify (Netherlands), Jala Tech (Indonesia), Lighting Planet (Australia), Maritech Systems (Norway), OxyGaurd (Denmark), Aquaconnect (India), AquaMaof (Israel), MonitorFish (Germany), Observe Technologies (UK), Omso Systems (USA), Optimar AS (Norway), Sensorex (Norway), Marine Instruments, BlueTraker, NEC Global, Libelium, KDDI Corporation, HydroNeo, eFishery, Scatri, ORBCOMM, Blue Ocean Gear, GO Smart, Satlink, DHI Group, BOC MetOcean and other important players

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Main developments

  • In April 2022, Deep Trekker Inc. was acquired by Halma, a global consortium of life-saving technology companies. Deep Trekker will continue to be run as a separate business under Halma’s leadership and will join the Environment and Analytics business.

  • In June 2022, A distribution partnership agreement has been established between eFishery and AquaEasy to implement an artificial intelligence (AI) solution supported by Internet of Things (IoT) water quality sensors. The goal of this multi-million dollar partnership is to increase the productivity, financial success and long-term viability of indonesia shrimp farming industry.

  • In May 2022Innovasea unveils tagless fish-finding technology that counts fish and identifies species in real time using imaging sonar, optical cameras and artificial intelligence.

  • In January 2020A leading fish farming service provider in Newfoundland and Labrador, Newfoundland Aqua Service Ltd (NAS), has been acquired by the AKVA group. Fish cages, docks, boats and barges, and nets are all manufactured by NAS, which also provides a full range of services, such as shore net washing and disinfection, net manufacturing, testing and repair/repair and anti-fouling treatment. Through this acquisition, the company hopes to increase its geographical presence in this region.

Market segments

Global IoT for Fisheries and Aquaculture Market, By Application2022-2030 (Value in US$ millions)

Global IoT for Fisheries and Aquaculture Market, By System type2022-2030 (Value in US$ millions)

  • Intelligent power systems

  • Precision fishing technique

  • Monitoring and control systems

  • SmartBuoy Technology

  • Metocean data collection

  • Underwater ROV systems

  • Other type of system

Global IoT for Fisheries and Aquaculture Market, By farm type2022-2030 (Value in US$ millions)

  • Aquaculture farms open

  • RAS farms

Global IoT for Fisheries and Aquaculture Market, By Region2022-2030 (Value in US$ millions)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

North America IoT for Fisheries and Aquaculture Market, by Country2022-2030 (Value in US$ millions)

Europe IoT for the fisheries and aquaculture market, by Country2022-2030 (Value in US$ millions)

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Rest of Europe

Asia-Pacific IoT for Fisheries and Aquaculture Market, by Country2022-2030 (Value in US$ millions)

  • India

  • China

  • Japan

  • South Korea

  • Australia & New Zealand

Latin America IoT for Fisheries and Aquaculture Market, by Country2022-2030 (Value in US$ millions)

  • Brazil

  • Mexico

  • Rest of Latin America

Middle East & Africa IoT for Fisheries and Aquaculture Market, by Country2022-2030 (Value in US$ millions)

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Other related reports published by InsightAce Analytics:

Global Pet IoT Platform Market

Global Veterinary Digital Technology Market

Global market for sustainable feed and nutrition for aquaculture

Global Commercial Aquaculture Vaccine Market

Why buy this report:

  • Receive a comprehensive outlook analysis of the global IoT for Fisheries and Aquaculture market

  • To receive industry insights and future trends of IoT for Fisheries and Aquaculture Market

  • To analyze drivers and challenges of the global IoT for Fisheries and Aquaculture market

  • To obtain information on the global IoT for Fisheries and Aquaculture market size (value in Million US$) forecasted till 2030

  • To gain insights on investments, mergers and acquisitions in the global IoT for Fisheries and Aquaculture Market industry

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