Precision Aquaculture market expected to reach $1767.15 million by 2032 with 14.38% CAGR growth.

From GlobeNewswire: 2025-04-07 09:00:00

The Precision Aquaculture Market was valued at USD 529.47 million in 2023 and is projected to reach USD 1767.15 million by 2032, with a CAGR of 14.38% from 2024-2032. Smart technologies like IoT, AI, and data analytics are revolutionizing fish farming, improving efficiency, sustainability, and fish health. Leading players in the market offer innovative solutions for feed optimization, monitoring, and control systems. Hardware, software, and applications drive growth in the precision aquaculture market, with hardware leading in 2023 and software expected to see the highest growth. Smart feeding systems, monitoring, and control systems, and underwater ROV systems are key components driving market growth. Feed optimization and monitoring & surveillance are key applications dominating the precision aquaculture market. Asia Pacific leads the market, while Europe is expected to experience rapid growth with investments in sustainable aquaculture practices. Recent developments include partnerships to enhance fish health and sustainability, showcasing the industry’s commitment to innovation and environmental responsibility.



Read more at GlobeNewswire: Precision Aquaculture Market to Hit USD 1767.15 Million by