IoT for Fisheries and Aquaculture Market worth $1.23 billion by 2030 - Exclusive Report by InsightAce Analytic
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In recent years, IoT has already shown a vast array of application sectors. In Aquaculture sector, Internet of Things (IoT)-based devices are utilised to monitor aquaculture's fundamental demands and assist in the provision of fisheries necessities. Numerous water conditions will be monitored using IoT sensors to improve the fish habitat. These devices include sensors that detect the Potential of Hydrogen (pH) level and the water temperature, as well as two additional sections for the measurement of dissolved oxygen level and ammonia level using testing kits, which are required for proper fish farming in the appropriate water. Companies are focused on developing cloud-based analytical software tools, including artificial intelligence, for collecting data from smart sensors and satellites, making aquaculture operations more productive and environmentally friendly. Aquaculture's expanding popularity will drive future demand for IoT in the aquaculture market.
The growth of the IoT for fisheries and aquaculture market can be driven by the factors such as the increasing number of aquaculture farms, rising investments in R&D, innovation of products, fast adoption of advanced technologies, high demand for protein-rich aqua food, and increasing government support for infrastructure development in aquaculture. The key drivers of the market's expansion are the increasing use of aquaculture equipment in fish farms worldwide, the popularity of aquaculture farming using recirculation aquaculture systems (RAS), and the quick uptake of underwater ROVs in developing nations.
However, the development of the IoT for fisheries and aquaculture market may be hampered by complicated system procedures, high monitoring costs for aquaculture farms, a high capital investment requirement, a shortage of skilled operators, and a lack of farmers who are familiar with cutting-edge technologies.
Geographically, the Asia-Pacific market is expected to dominate during the forecast period due to the fast adoption of advanced technologies and the growing aquaculture industry. China, India, Indonesia, and Japan are the leading countries in this Region.
Some of the key Players of IoT for fisheries and aquaculture market are AKVA group (Norway), InnovaSea Systems (U.S.), Steinsvik (ScaleAQ) (Norway), Deep Trekker (Canada), Aquabyte (U.S.), Eruvaka Technologies (India), Akuakare (Turkey), CPI Equipment (Canada), Lifegard Aquatics (U.S.), Bluegrove (Norway), Imenco AS (Norway), In-Situ (U.S.), Signify (Netherlands), Jala Tech (Indonesia), Planet Lighting (Australia), Maritech Systems (Norway), OxyGaurd (Denmark), Aquaconnect (India), AquaMaof (Israel), MonitorFish (Germany), Observe Technologies (U.K.), Omso Systems (U.S.), 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 Prominent Players
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Key developments
Market Segments
Global IoT for Fisheries and Aquaculture Market, by Application, 2022-2030 (Value US$ Mn)
Global IoT for Fisheries and Aquaculture Market, by System Type, 2022-2030 (Value US$ Mn)
Global IoT for Fisheries and Aquaculture Market, by Farm Type, 2022-2030 (Value US$ Mn)
Global IoT for Fisheries and Aquaculture Market, by Region, 2022-2030 (Value US$ Mn)
North America IoT for Fisheries and Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
Europe IoT for Fisheries and Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
Asia Pacific IoT for Fisheries and Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
Latin America IoT for Fisheries and Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
Middle East & Africa IoT for Fisheries and Aquaculture Market, by Country, 2022-2030 (Value US$ Mn)
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