The precision aquaculture market is estimated to be worth $398 million in 2019, and is expected to reach $764 million by 2024. It is expected to grow at a CAGR of 13% from 2021 to 2027. Key factors driving the market growth are the growing demand for protein-rich aqua food worldwide, and rapid adoption of advanced technologies (IoT, AI). Robots that feed on aquaculture, underwater remotely operated vehicles (ROVs) increased investment in aquaculture technology and increased R&D spending worldwide; Land-based recycling aquaculture systems are growing in popularity.
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Precision Aquaculture Market Segmentation
By Application
• Feeding Management
• Monitoring, Control, and Survelliance
• Others
By Technology
• Automatic Feeding Systems
• Monitoring & Control Systems
• Underwater ROV System/Aquaculture Underwater Robots
• Others
By Offering
• Hardware
• Software
• Services
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