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Report
APAC Smart Aquaculture Market - Industry Trends and Forecast to 2031
Market Report I 2023-10-01 I 295 Pages I Data Bridge Market Research
Asia-Pacific smart aquaculture market is expected to reach USD 14,875,818,897.52 by 2030 from USD 10,052,688,146.78 in 2022, growing at a CAGR of 5.2% during the forecast period of 2023 to 2030.
Market Segmentation
Asia-Pacific Smart Aquaculture Market, By Type (Smart Feeding Systems, Monitoring & Control Systems, Water Treatment Systems, Aquaculture Intelligence, Water Animal Growth Management, Underwater (ROV's), Submersible Aquaculture System, Cleaning Systems, Design / Construction Engineering, Aquaculture Environment Management Equipment, and Others), Offering (Hardware, Software, and Services), Farm Type (RAS Farms and Open Aquaculture Farms), Application (Land-based Aquaculture and Marine-based Aquaculture), Country (China, Indonesia, India, Vietnam, South Korea, Thailand, Philippines, Japan, Malaysia, Taiwan, Australia, New Zealand, Singapore, and rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Smart Aquaculture Market Dynamics:
Drivers
- An upward trend in demand for aquatic food amongst the population
- The favorable outlook of the government toward the aquaculture industry
- Rising integration of advanced technologies such as AI, IoT, and data analytics in the aquaculture arena
- Heightened awareness regarding sustainable aquaculture
Restraints
- High initial investment costs
- Technical expertise and skill gaps
- Data security and privacy concerns
- Maintaining environmental sustainability
- Complex regulations that can vary by region
Opportunities
- Collaboration and partnership between technology providers and end-users
- Rising spending on land-based aquaculture systems in developing economies
- Fostering innovation in the development of intelligent solutions
Market Players
Some of the major players operating in the Asia-Pacific smart aquaculture market are listed below:
- Innovasea Systems Inc.
- Bluegrove
- ScaleAQ
- In-Situ Inc.
- Deep Trekker Inc. (A subsidiary of Halma plc)
- Exosite
- LINN Geratebau
- AQ1 Systems Pty Ltd
- Qingdao Hishing Smart Equipment Co.,Ltd
- PT JALA Akuakultur Lestari Alamku
- Eruvaka Technologies
- MonitorFish GmbH
- Aquabyte
- AquaMaof Aquaculture Technologies Ltd.
- AKVA group
- HydroNeo (Thailand) Co., Ltd.
- Imenco AS
TABLE OF CONTENTS
1 INTRODUCTION 53
1.1 OBJECTIVES OF THE STUDY 53
1.2 MARKET DEFINITION 53
1.3 OVERVIEW 53
1.4 LIMITATIONS 54
1.5 MARKETS COVERED 55
2 MARKET SEGMENTATION 60
2.1 MARKETS COVERED 60
2.2 GEOGRAPHICAL SCOPE 61
2.3 YEARS CONSIDERED FOR THE STUDY 62
2.4 CURRENCY AND PRICING 62
2.5 DBMR TRIPOD DATA VALIDATION MODEL 63
2.6 PRODUCT LIFE LINE CURVE 66
2.7 MULTIVARIATE MODELING 67
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 68
2.9 DBMR MARKET POSITION GRID 69
2.10 DBMR MARKET CHALLENGE MATRIX 70
2.11 MARKET APPLICATION COVERAGE GRID 71
2.12 DBMR VENDOR SHARE ANALYSIS 72
2.13 SECONDARY SOURCES 73
2.14 ASSUMPTIONS 74
3 EXECUTIVE SUMMARY 75
4 PREMIUM INSIGHTS 77
4.1 IMPORT EXPORT ANALYSIS 78
4.2 VALUE CHAIN ANALYSIS 79
4.3 GOVERNMENT SUPPORT FOR THE DEVELOPMENT OF AQUACULTURE ACTIVITIES 80
4.4 INCREASE IN ADOPTION OF PRECISION FARMING 81
4.5 PRODUCTION ANALYSIS 82
4.6 SUPPLY CHAIN ANALYSIS 83
4.6.1 OVERVIEW 83
4.6.2 LOGISTIC COST SCENARIO 83
4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 83
5 REGULATION COVERAGE 84?
6 MARKET OVERVIEW 87
6.1 DRIVERS 89
6.1.1 UPWARD TREND IN THE DEMAND FOR AQUATIC FOOD AMONGST THE POPULATION 89
6.1.2 FAVORABLE OUTLOOK OF THE GOVERNMENT TOWARDS THE AQUACULTURE INDUSTRY 89
6.1.3 RISING INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS AI, IOT, AND DATA ANALYTICS IN AQUACULTURE ARENA 90
6.1.4 SURGE IN DEMAND FOR LUXURIOUS AND AESTHETICALLY PLEASING PRODUCTS 91
6.2 RESTRAINTS 92
6.2.1 HIGH INITIAL INVESTMENT COSTS 92
6.2.2 TECHNICAL EXPERTISE AND SKILL GAPS 93
6.3 OPPORTUNITIES 93
6.3.1 COLLABORATION AND PARTNERSHIP BETWEEN TECHNOLOGY PROVIDERS AND END-USERS 93
6.3.2 LUCRATIVE OUTLOOK TOWARDS ENVIRONMENTALLY FRIENDLY SOLUTIONS 94
6.3.3 FOSTERING INNOVATION IN THE DEVELOPMENT OF INTELLIGENT SOLUTIONS 94
6.4 CHALLENGES 95
6.4.1 COMPLEX RULES AND REGULATIONS 95
6.4.2 MAINTAINING ENVIRONMENTAL SUSTAINABILITY 96
6.4.3 DATA SECURITY AND PRIVACY CONCERNS 97
7 ASIA-PACIFIC SMART AQUACULTURE MARKET, BY TYPE 98
7.1 OVERVIEW 99
7.2 SMART FEEDING SYSTEMS 101
7.2.1 SUBSEA FEEDING SYSTEM 102
7.2.2 WATERBORNE FEEDING SYSTEM 102
7.2.3 ROTOR SPREADERS 103
7.2.4 FLEXIBLE FEEDING SYSTEM 103
7.2.5 OTHERS 103
7.3 MONITORING & CONTROL SYSTEMS 103
7.3.1 ENVIRONMENTAL MONITORING SYSTEM 105
7.3.2 SENSORS 105
7.3.2.1 OXYGEN SENSOR 106
7.3.2.2 TEMPERATURE SENSOR 106
7.3.2.3 PH SENSOR 106
7.3.2.4 DATA SENSING 106
7.3.3 FISH TV 106
7.3.4 POND GUARD 106
7.4 WATER TREATMENT SYSTEMS 107
7.4.1 RECIRCULATION AQUACULTURE SYSTEM 108
7.4.2 AERATION 108
7.4.3 FILTRATION 108
7.4.4 DISINFECTION 108
7.4.5 WASTE MANAGEMENT 109
7.4.6 OTHERS 109
7.5 AQUACULTURE INTELLIGENCE 109
7.5.1 MONITORING/ CONTROL SYSTEM 110
7.5.2 AERATION & OXYGEN CONTROL SYSTEM 110
7.5.3 CLOUD BASED SOFTWARE 110
7.5.4 DISINFECTION 111
7.5.5 BIOMASS ESTIMATION SYSTEM 111
7.5.6 OTHERS 111
7.6 WATER ANIMAL GROWTH MANAGEMENT 111
7.6.1.1 BODY SIZE AND POPULATION MANAGEMENT 112
7.6.1.2 FISH BEHAVIOR ANALYSIS 112
7.6.1.3 DISEASE MANAGEMENT 112
7.6.1.4 OTHERS 113
7.6.1.4.1 VIDEO ANALYSIS 113
7.6.1.4.2 IOT SENSING 113
7.6.1.4.3 SOFTWARES 113
7.7 UNDERWATER (ROV'S) 114
7.7.1.1 WORK CLASS ROV 115
7.7.1.2 LIGHT WORK CLASS ROV 115
7.7.1.3 OBSERVATION CLASS ROV 115
7.7.1.4 MICRO OR MINI ROV 115
7.8 SUBMERSIBLE AQUACULTURE SYSTEM 116
7.9 CLEANING SYSTEMS 117
7.10 DESIGN / CONSTRUCTION ENGINEERING 118
7.11 AQUACULTURE ENVIRONMENT MANAGEMENT EQUIPMENTS 119
7.12 OTHERS 121
8 ASIA-PACIFIC SMART AQUACULTURE MARKET, BY OFFERING 122
8.1 OVERVIEW 123
8.2 HARDWARE 124
8.3 SOFTWARE 125
8.4 SERVICES 125
9 ASIA-PACIFIC SMART AQUACULTURE MARKET, BY FARM TYPE 126
9.1 OVERVIEW 127
9.2 RAS FARMS 128
9.3 OPEN AQUACULTURE FARMS 129?
10 ASIA-PACIFIC SMART AQUACULTURE MARKET, BY APPLICATION 130
10.1 OVERVIEW 131
10.2 LAND-BASED AQUACULTURE 132
10.3 MARINE-BASED AQUACULTURE 133
11 ASIA-PACIFIC SMART AQUACULTURE MARKET, BY REGION 134
11.1 ASIA-PACIFIC 136
11.1.1 CHINA 147
11.1.2 INDONESIA 155
11.1.3 INDIA 163
11.1.4 VIETNAM 171
11.1.5 SOUTH KOREA 179
11.1.6 THAILAND 187
11.1.7 PHILIPPINES 195
11.1.8 JAPAN 202
11.1.9 MALAYSIA 210
11.1.10 TAIWAN 218
11.1.11 AUSTRALIA 226
11.1.12 NEW ZEALAND 234
11.1.13 SINGAPORE 241
11.1.14 REST OF ASIA-PACIFIC 249
12 ASIA-PACIFIC SMART AQUACULTURE MARKET: COMPANY LANDSCAPE 251
12.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 251
13 SWOT ANALYSIS 252
14 COMPANY PROFILES 253
14.1 INNOVASEA SYSTEMS INC. 253
14.1.1 COMPANY SNAPSHOT 253
14.1.2 COMPANY SHARE ANALYSIS 253
14.1.3 PRODUCT PORTFOLIO 254
14.1.4 RECENT DEVELOPMENTS 254
14.2 SCALEAQ 256
14.2.1 COMPANY SNAPSHOT 256
14.2.2 COMPANY SHARE ANALYSIS 256
14.2.3 PRODUCT PORTFOLIO 257
14.2.4 RECENT DEVELOPMENT 257
14.3 IN-SITU INC. 259
14.3.1 COMPANY SNAPSHOT 259
14.3.2 COMPANY SHARE ANALYSIS 259
14.3.3 PRODUCT PORTFOLIO 260
14.3.4 RECENT DEVELOPMENT 260
14.4 DEEP TREKKER INC. (A SUBSIDIARY OF HALMA PLC) 261
14.4.1 COMPANY SNAPSHOT 261
14.4.2 COMPANY SHARE ANALYSIS 261
14.4.3 PRODUCT PORTFOLIO 262
14.4.4 RECENT DEVELOPMENTS 262
14.5 BLUEGROVE 263
14.5.1 COMPANY SNAPSHOT 263
14.5.2 COMPANY SHARE ANALYSIS 263
14.5.3 PRODUCT PORTFOLIO 264
14.5.4 RECENT DEVELOPMENTS 264
14.6 AKVA GROUP 265
14.6.1 COMPANY SNAPSHOT 265
14.6.2 REVENUE ANALYSIS 265
14.6.3 PRODUCT PORTFOLIO 266
14.6.4 RECENT DEVELOPMENTS 266
14.7 AQ1 SYSTEMS PTY LTD 268
14.7.1 COMPANY SNAPSHOT 268
14.7.2 PRODUCT PORTFOLIO 268
14.7.3 RECENT DEVELOPMENT 268
14.8 AQUABYTE 269
14.8.1 COMPANY SNAPSHOT 269
14.8.2 PRODUCT PORTFOLIO 269
14.8.3 RECENT DEVELOPMENT 270
14.9 AQUAMAOF AQUACULTURE TECHNOLOGIES LTD. 271
14.9.1 COMPANY SNAPSHOT 271
14.9.2 PRODUCT PORTFOLIO 271
14.9.3 RECENT DEVELOPMENTS 271
14.10 CPI EQUIPMENT INC. 273
14.10.1 COMPANY SNAPSHOT 273
14.10.2 PRODUCT PORTFOLIO 273
14.10.3 RECENT DEVELOPMENT 273
14.11 ERUVAKA TECHNOLOGIES 275
14.11.1 COMPANY SNAPSHOT 275
14.11.2 PRODUCT PORTFOLIO 275
14.11.3 RECENT DEVELOPMENT 275
14.12 EXOSITE 276
14.12.1 COMPANY SNAPSHOT 276
14.12.2 PRODUCT PORTFOLIO 276
14.12.3 RECENT DEVELOPMENT 276
14.13 HYDRONEO (THAILAND) CO., LTD. 277
14.13.1 COMPANY SNAPSHOT 277
14.13.2 PRODUCT PORTFOLIO 277
14.13.3 RECENT DEVELOPMENT 278
14.14 IMENCO AS 279
14.14.1 COMPANY SNAPSHOT 279
14.14.2 PRODUCT PORTFOLIO 279
14.14.3 RECENT DEVELOPMENT 280
14.15 LINN GERATEBAU 281
14.15.1 COMPANY SNAPSHOT 281
14.15.2 PRODUCT PORTFOLIO 281
14.15.3 RECENT DEVELOPMENT 282
14.16 MARITECH 283
14.16.1 COMPANY SNAPSHOT 283
14.16.2 PRODUCT PORTFOLIO 283
14.16.3 RECENT DEVELOPMENTS 283
14.17 MONITORFISH GMBH 285
14.17.1 COMPANY SNAPSHOT 285
14.17.2 PRODUCT PORTFOLIO 285
14.17.3 RECENT DEVELOPMENT 285
14.18 NEXTAQUA 286
14.18.1 COMPANY SNAPSHOT 286
14.18.2 PRODUCT PORTFOLIO 286
14.18.3 RECENT DEVELOPMENT 286
14.19 PT JALA AKUAKULTUR LESTARI ALAMKU 287
14.19.1 COMPANY SNAPSHOT 287
14.19.2 PRODUCT PORTFOLIO 287
14.19.3 RECENT DEVELOPMENTS 287
14.20 QINGDAO HISHING SMART EQUIPMENT CO., LTD 289
14.20.1 COMPANY SNAPSHOT 289
14.20.2 PRODUCT PORTFOLIO 289
14.20.3 RECENT DEVELOPMENT 290
15 QUESTIONNAIRE 291
16 RELATED REPORTS 295
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