North America Smart Aquaculture Market - Industry Trends and Forecast to 2034
Market Report I 2023-10-01 I 173 Pages I Data Bridge Market Research
North America smart aquaculture market is expected to reach USD 6,295,531,752.99 by 2030 from USD 4,516,470,632.91 in 2022, growing at a CAGR of 4.5% during the forecast period of 2023 to 2030.
Market Segmentation
North America 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 (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030
Overview of North America 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 North America smart aquaculture market are listed below:
- Innovasea Systems Inc.
- Bluegrove
- ScaleAQ
- In-Situ Inc.
- Deep Trekker Inc. (A subsidiary of Halma plc)
- Exosite
- CPI Equipment Inc.
- Maritech
- NextAqua
- LINN Geratebau
- Eruvaka Technologies
- MonitorFish GmbH
- Aquabyte
- AquaMaof Aquaculture Technologies Ltd.
- AKVA group
- HydroNeo (Thailand) Co., Ltd.
- Imenco AS
TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 OVERVIEW 16
1.4 LIMITATIONS 17
1.5 MARKETS COVERED 18
2 MARKET SEGMENTATION 23
2.1 MARKETS COVERED 23
2.2 GEOGRAPHICAL SCOPE 24
2.3 YEARS CONSIDERED FOR THE STUDY 25
2.4 CURRENCY AND PRICING 25
2.5 DBMR TRIPOD DATA VALIDATION MODEL 26
2.6 PRODUCT LIFE LINE CURVE 29
2.7 MULTIVARIATE MODELING 30
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 31
2.9 DBMR MARKET POSITION GRID 32
2.10 DBMR MARKET CHALLENGE MATRIX 33
2.11 MARKET APPLICATION COVERAGE GRID 34
2.12 DBMR VENDOR SHARE ANALYSIS 35
2.13 SECONDARY SOURCES 36
2.14 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 40
4.1 IMPORT EXPORT ANALYSIS 41
4.2 VALUE CHAIN ANALYSIS 42
4.3 GOVERNMENT SUPPORT FOR THE DEVELOPMENT OF AQUACULTURE ACTIVITIES 43
4.4 INCREASE IN ADOPTION OF PRECISION FARMING 44
4.5 PRODUCTION ANALYSIS 45
4.6 SUPPLY CHAIN ANALYSIS 46
4.6.1 OVERVIEW 46
4.6.2 LOGISTIC COST SCENARIO 46
4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 46
5 REGULATION COVERAGE 47?
6 MARKET OVERVIEW 50
6.1 DRIVERS 52
6.1.1 UPWARD TREND IN THE DEMAND FOR AQUATIC FOOD AMONGST THE POPULATION 52
6.1.2 FAVORABLE OUTLOOK OF THE GOVERNMENT TOWARDS THE AQUACULTURE INDUSTRY 52
6.1.3 RISING INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS AI, IOT, AND DATA ANALYTICS IN AQUACULTURE ARENA 53
6.1.4 SURGE IN DEMAND FOR LUXURIOUS AND AESTHETICALLY PLEASING PRODUCTS 54
6.2 RESTRAINTS 55
6.2.1 HIGH INITIAL INVESTMENT COSTS 55
6.2.2 TECHNICAL EXPERTISE AND SKILL GAPS 56
6.3 OPPORTUNITIES 56
6.3.1 COLLABORATION AND PARTNERSHIP BETWEEN TECHNOLOGY PROVIDERS AND END-USERS 56
6.3.2 LUCRATIVE OUTLOOK TOWARDS ENVIRONMENTALLY FRIENDLY SOLUTIONS 57
6.3.3 FOSTERING INNOVATION IN THE DEVELOPMENT OF INTELLIGENT SOLUTIONS 57
6.4 CHALLENGES 58
6.4.1 COMPLEX RULES AND REGULATIONS 58
6.4.2 MAINTAINING ENVIRONMENTAL SUSTAINABILITY 59
6.4.3 DATA SECURITY AND PRIVACY CONCERNS 60
7 NORTH AMERICA SMART AQUACULTURE MARKET, BY TYPE 61
7.1 OVERVIEW 62
7.2 SMART FEEDING SYSTEMS 64
7.2.1 SUBSEA FEEDING SYSTEM 65
7.2.2 WATERBORNE FEEDING SYSTEM 65
7.2.3 ROTOR SPREADERS 66
7.2.4 FLEXIBLE FEEDING SYSTEM 66
7.2.5 OTHERS 66
7.3 MONITORING & CONTROL SYSTEMS 66
7.3.1 ENVIRONMENTAL MONITORING SYSTEM 68
7.3.2 SENSORS 68
7.3.2.1 OXYGEN SENSOR 69
7.3.2.2 TEMPERATURE SENSOR 69
7.3.2.3 PH SENSOR 69
7.3.2.4 DATA SENSING 69
7.3.3 FISH TV 69
7.3.4 POND GUARD 69
7.4 WATER TREATMENT SYSTEMS 70
7.4.1 RECIRCULATION AQUACULTURE SYSTEM 71
7.4.2 AERATION 71
7.4.3 FILTRATION 71
7.4.4 DISINFECTION 71
7.4.5 WASTE MANAGEMENT 72
7.4.6 OTHERS 72
7.5 AQUACULTURE INTELLIGENCE 72
7.5.1 MONITORING/ CONTROL SYSTEM 73
7.5.2 AERATION & OXYGEN CONTROL SYSTEM 73
7.5.3 CLOUD BASED SOFTWARE 73
7.5.4 DISINFECTION 74
7.5.5 BIOMASS ESTIMATION SYSTEM 74
7.5.6 OTHERS 74
7.6 WATER ANIMAL GROWTH MANAGEMENT 74
7.6.1. BODY SIZE AND POPULATION MANAGEMENT 75
7.6.1. FISH BEHAVIOR ANALYSIS 75
7.6.1. DISEASE MANAGEMENT 75
7.6.1. OTHERS 76
7.6.1.4.1 VIDEO ANALYSIS 76
7.6.1.4.2 IOT SENSING 76
7.6.1.4.3 SOFTWARES 76
7.7 UNDERWATER (ROV'S) 77
7.7.1. WORK CLASS ROV 78
7.7.1. LIGHT WORK CLASS ROV 78
7.7.1. OBSERVATION CLASS ROV 78
7.7.1. MICRO OR MINI ROV 78
7.8 SUBMERSIBLE AQUACULTURE SYSTEM 79
7.9 CLEANING SYSTEMS 80
7.10 DESIGN / CONSTRUCTION ENGINEERING 81
7.11 AQUACULTURE ENVIRONMENT MANAGEMENT EQUIPMENTS 82
7.12 OTHERS 84
8 NORTH AMERICA SMART AQUACULTURE MARKET, BY OFFERING 85
8.1 OVERVIEW 86
8.2 HARDWARE 87
8.3 SOFTWARE 88
8.4 SERVICES 88
9 NORTH AMERICA SMART AQUACULTURE MARKET, BY FARM TYPE 89
9.1 OVERVIEW 90
9.2 RAS FARMS 91
9.3 OPEN AQUACULTURE FARMS 92?
10 NORTH AMERICA SMART AQUACULTURE MARKET, BY APPLICATION 93
10.1 OVERVIEW 94
10.2 LAND-BASED AQUACULTURE 95
10.3 MARINE-BASED AQUACULTURE 96
11 NORTH AMERICA SMART AQUACULTURE MARKET, BY REGION 97
11.1 NORTH AMERICA 98
11.1.1 U.S. 108
11.1.2 CANADA 115
11.1.3 MEXICO 122
12 NORTH AMERICA SMART AQUACULTURE MARKET: COMPANY LANDSCAPE 129
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 129
13 SWOT ANALYSIS 130
14 COMPANY PROFILES 131
14.1 INNOVASEA SYSTEMS INC. 131
14.1.1 COMPANY SNAPSHOT 131
14.1.2 COMPANY SHARE ANALYSIS 131
14.1.3 PRODUCT PORTFOLIO 132
14.1.4 RECENT DEVELOPMENTS 132
14.2 SCALEAQ 134
14.2.1 COMPANY SNAPSHOT 134
14.2.2 COMPANY SHARE ANALYSIS 134
14.2.3 PRODUCT PORTFOLIO 135
14.2.4 RECENT DEVELOPMENT 135
14.3 IN-SITU INC. 137
14.3.1 COMPANY SNAPSHOT 137
14.3.2 COMPANY SHARE ANALYSIS 137
14.3.3 PRODUCT PORTFOLIO 138
14.3.4 RECENT DEVELOPMENT 138
14.4 DEEP TREKKER INC. (A SUBSIDIARY OF HALMA PLC) 139
14.4.1 COMPANY SNAPSHOT 139
14.4.2 COMPANY SHARE ANALYSIS 139
14.4.3 PRODUCT PORTFOLIO 140
14.4.4 RECENT DEVELOPMENTS 140
14.5 BLUEGROVE 141
14.5.1 COMPANY SNAPSHOT 141
14.5.2 COMPANY SHARE ANALYSIS 141
14.5.3 PRODUCT PORTFOLIO 142
14.5.4 RECENT DEVELOPMENTS 142
14.6 AKVA GROUP 143
14.6.1 COMPANY SNAPSHOT 143
14.6.2 REVENUE ANALYSIS 143
14.6.3 PRODUCT PORTFOLIO 144
14.6.4 RECENT DEVELOPMENTS 144
14.7 AQ1 SYSTEMS PTY LTD 146
14.7.1 COMPANY SNAPSHOT 146
14.7.2 PRODUCT PORTFOLIO 146
14.7.3 RECENT DEVELOPMENT 146
14.8 AQUABYTE 147
14.8.1 COMPANY SNAPSHOT 147
14.8.2 PRODUCT PORTFOLIO 147
14.8.3 RECENT DEVELOPMENT 148
14.9 AQUAMAOF AQUACULTURE TECHNOLOGIES LTD. 149
14.9.1 COMPANY SNAPSHOT 149
14.9.2 PRODUCT PORTFOLIO 149
14.9.3 RECENT DEVELOPMENTS 149
14.10 CPI EQUIPMENT INC. 151
14.10.1 COMPANY SNAPSHOT 151
14.10.2 PRODUCT PORTFOLIO 151
14.10.3 RECENT DEVELOPMENT 151
14.11 ERUVAKA TECHNOLOGIES 153
14.11.1 COMPANY SNAPSHOT 153
14.11.2 PRODUCT PORTFOLIO 153
14.11.3 RECENT DEVELOPMENT 153
14.12 EXOSITE 154
14.12.1 COMPANY SNAPSHOT 154
14.12.2 PRODUCT PORTFOLIO 154
14.12.3 RECENT DEVELOPMENT 154
14.13 HYDRONEO (THAILAND) CO., LTD. 155
14.13.1 COMPANY SNAPSHOT 155
14.13.2 PRODUCT PORTFOLIO 155
14.13.3 RECENT DEVELOPMENT 156
14.14 IMENCO AS 157
14.14.1 COMPANY SNAPSHOT 157
14.14.2 PRODUCT PORTFOLIO 157
14.14.3 RECENT DEVELOPMENT 158?
14.15 LINN GERATEBAU 159
14.15.1 COMPANY SNAPSHOT 159
14.15.2 PRODUCT PORTFOLIO 159
14.15.3 RECENT DEVELOPMENT 160
14.16 MARITECH 161
14.16.1 COMPANY SNAPSHOT 161
14.16.2 PRODUCT PORTFOLIO 161
14.16.3 RECENT DEVELOPMENTS 161
14.17 MONITORFISH GMBH 163
14.17.1 COMPANY SNAPSHOT 163
14.17.2 PRODUCT PORTFOLIO 163
14.17.3 RECENT DEVELOPMENT 163
14.18 NEXTAQUA 164
14.18.1 COMPANY SNAPSHOT 164
14.18.2 PRODUCT PORTFOLIO 164
14.18.3 RECENT DEVELOPMENT 164
14.19 PT JALA AKUAKULTUR LESTARI ALAMKU 165
14.19.1 COMPANY SNAPSHOT 165
14.19.2 PRODUCT PORTFOLIO 165
14.19.3 RECENT DEVELOPMENTS 165
14.20 QINGDAO HISHING SMART EQUIPMENT CO., LTD 167
14.20.1 COMPANY SNAPSHOT 167
14.20.2 PRODUCT PORTFOLIO 167
14.20.3 RECENT DEVELOPMENT 168
15 QUESTIONNAIRE 169
16 RELATED REPORTS 173
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