Global AI in Sustainable Fisheries and Aquaculture Market Size To Exceed USD 1,662.8 Million By 2033 | CAGR of 11.22%
Category: Information & TechnologyGlobal AI in Sustainable Fisheries and Aquaculture Market Size To Exceed USD 1,662.8 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global AI in Sustainable Fisheries and Aquaculture Market Size is Expected to Grow from USD 574.2 Million in 2023 to USD 1,662.8 Million by 2033, at a CAGR of 11.22% during the forecast period 2023-2033.
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Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global AI in Sustainable Fisheries and Aquaculture Market Size, Share, and COVID-19 Impact Analysis, By Application (Aquaculture Monitoring and Control, Fish Health Monitoring and Disease Detection, Feed Management and Optimization, Water Quality Monitoring, Stock Management and Yield Prediction), By Technology (Machine Learning, Computer Vision, IoT and Remote Sensing Integration, Robotics and Autonomous Systems), By End-User (Commercial Fish Farms, Small- and Medium-sized Aquaculture Farms, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ai-in-sustainable-fisheries-and-aquaculture-market
Artificial intelligence in sustainable fisheries and aquaculture uses cutting-edge technology to improve efficiency, monitor the environment, optimize feeding, and manage fish health. In this sense, the use of AI reduces waste, regulates overfishing, and improves sustainable productivity in fisheries and aquaculture. The market for AI in sustainable fisheries and aquaculture will develop as governments encourage sustainable practices, consumer demand for eco-friendly seafood rises, and large technology players lead the way. Innovation, collaboration, and regional expansion are critical initiatives for enterprises to increase productivity and sustainability in fisheries. However, there are implementation expenses, a scarcity of experienced workers for applying AI technologies, and worries about data security and privacy.
The feed management and optimization segment is expected to hold the largest share of the global AI in sustainable fisheries and aquaculture market during the projected timeframe.
Based on application, the global AI in sustainable fisheries and aquaculture market is categorized as aquaculture monitoring and control, fish health monitoring and disease detection, feed management and optimization, water quality monitoring, stock management and yield prediction. Among these, the feed management and optimization segment is expected to hold the largest share of the global AI in sustainable fisheries and aquaculture market during the projected timeframe. The feed management and optimization segment in the AI in Sustainable Fisheries and Aquaculture market will expand greatly as it will contribute significantly to cost reduction because feed accounts for up to 70% of aquaculture expenses.
The IoT and remote sensing integration segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the technology, the global AI in sustainable fisheries and aquaculture market is categorized as machine learning, computer vision, IoT and remote sensing integration, robotics and autonomous systems. Among these, The IoT and remote sensing integration segment is expected to grow at the fastest CAGR during the projected timeframe. The boost is attributed to its capacity to provide real-time monitoring and data collecting across diverse aquaculture activities, hence boosting efficiency and decision-making.
The commercial fish farms segment is expected to hold the largest share of the global AI in sustainable fisheries and aquaculture market during the projected timeframe.
Based on end-user, the global AI in sustainable fisheries and aquaculture market is categorized as commercial fish farms, small- and medium-sized aquaculture farms, and others. Among these, the commercial fish farms segment is expected to hold the largest share of the global AI in sustainable fisheries and aquaculture market during the projected timeframe. The growth of this sector is primarily driven by a growing demand for superior production techniques and increased technology usage, both of which contribute to making operations more sustainable and efficient.
North America is projected to hold the largest share of the global AI in the sustainable fisheries and aquaculture market over the projected timeframe.
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North America is projected to hold the largest share of the global AI in the sustainable fisheries and aquaculture market over the projected timeframe. This may be attributed to the fact that the region focuses substantially on the environment, as the adoption of AI for sustainable fisheries and aquaculture is increasing in place with powerful computer vision systems, machine learning algorithms, and robots.
Asia Pacific is expected to grow at the fastest CAGR growth of the global AI in sustainable fisheries and aquaculture market during the projected timeframe. To fulfil the ever-increasing demand for seafood, the region is rapidly adopting new technologies and investing heavily in sustainable practices. Countries such as China, India, and Vietnam have also seen a rise in aquaculture dependence, as they have invested heavily in feeding their growing populations.
Major vendors in the global AI in sustainable fisheries and aquaculture market AquacultureTalent, ImpactVision, Aquaculture Analytics, Eruvaka Technologies, AquaByte AI, Deep Trekker Inc., IBM Corporation, Intel Corporation Microsoft Corporation, XpertSea Solutions Inc., Aquabyte, Antai Technology and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, XpertSea introduced its XpertSense technology, a sensor-based artificial intelligence platform that assists shrimp farmers in monitoring and managing their fields.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global AI in sustainable fisheries and aquaculture market based on the below-mentioned segments:
Global AI in Sustainable Fisheries and Aquaculture Market, By Application
- Aquaculture Monitoring and Control
- Fish Health Monitoring and Disease Detection
- Feed Management and Optimization
- Water Quality Monitoring
- Stock Management and Yield Prediction
Global AI in Sustainable Fisheries and Aquaculture Market, By Technology
- Machine Learning
- Computer Vision
- IoT and Remote Sensing Integration
- Robotics and Autonomous Systems
Global AI in Sustainable Fisheries and Aquaculture Market, By End-User
- Commercial Fish Farms
- Small- and Medium-sized Aquaculture Farms
- Others
Global AI in Sustainable Fisheries and Aquaculture Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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