Global Precision Aquaculture Market 2020-2027: Hardware Segment is Expected to Account for $454.4 Million of the Total $1 Billion Industry

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Apr 06, 2021, 11:45 ET

DUBLIN, April 6, 2021 /PRNewswire/ -- The "Precision Aquaculture - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Precision Aquaculture Market to Reach $1 Billion by 2027

Amid the COVID-19 crisis, the global market for Precision Aquaculture estimated at US$ 441.8 Million in the year 2020, is projected to reach a revised size of US$ 1 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record a 12.1% CAGR and reach US$ 454.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 13.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $119.3 Million, While China is Forecast to Grow at 16.6% CAGR

The Precision Aquaculture market in the U.S. is estimated at US$ 119.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 223.8 Million by the year 2027 trailing a CAGR of 16.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 11.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.

Services Segment to Record 13% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 12.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 69.6 Million in the year 2020 will reach a projected size of US$ 155.6 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 152 Million by the year 2027, while Latin America will expand at a 14.6% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Precision Aquaculture Competitor Market Share Scenario Worldwide (in %): 2020E
Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 34 Featured):

Akuakare
AKVA Group
Aquabyte
Aqualine As
CPI Equipment
Deep Trekker
Eruvaka Technologies
Imenco Aquaculture
Imenco As
Innovasea Systems
In-Situ, Inc.
Jala Tech Pte
Lifegard Aquatics
Monitorfish
Observe Technologies
Optimar
Osmo Systems
Pentair Aes (Subsidiary of Pentair LP)
Sensorex
Steinsvik
Vemco

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION

Total Companies Profiled: 34

For more information about this report visit https://www.researchandmarkets.com/r/1vwc7p

Media Contact:

Research and Markets
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[email protected]

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SOURCE Research and Markets