Precision Aquaculture Market size worth $ 933.56 Million, Globally, by 2028 at 13.4% CAGR: Verified Market Research®

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Global Precision Aquaculture Market Overview

The prime demand for protein-rich aqua food, followed by the rising income of the middle-class population, is driving the Global Precision Aquaculture Market. More adoption of the latest modern technology, artificial intelligence, feeding robots, and underwater remotely operated vehicles will boost the demand for the Global Precision Aquaculture Market. The enlarged number of aquaculture farms and an increase in the production of aquaculture is bringing countless growth opportunities to the market. Moreover, the escalation focuses on the deployment of large-scale offshore aquaculture projects, and rising various government initiatives will positively impact the potential growth of the market.

The more popularity of aquaculture is a contribution to substantial opportunities for the implementation of land-based recirculating aquaculture systems. The remarkable element hindering the growth of the Global Precision Aquaculture Market include the high monitoring cost of aquaculture farms limited availability of skilled operators, system complexity, the requirement of large capital expenditure, and lack of technological awareness among farmers across the globe. The loud operational cost of vessels and unpredicted environmental degradation in seawater further hamper the Precision Aquaculture Market during the forecast period. An increasing number of aquaculture farms all over the globe is estimated to create significant opportunities for the Precision Aquaculture Market.

Key Developments

Key Players

The major players in the market are AKVA group, InnovaSea System, Steinsvik, Deep Trekker, Aquabyte, Eruvaka Technologies, Akuakare, CPI Equipment, Bluegrove, Jala Tech among others.

Verified Market Research has segmented the Global Precision Aquaculture Market On the basis of System Type, Offering, Farm Type, and Geography.

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