IOT for Fisheries and Aquaculture Market Future Growth Potentials 2023 | Revenue Analysis and Leading Players Update by 2030
2023 Latest IOT for Fisheries and Aquaculture Market [113 Pages] Report shows promising future growth prospects with business statistics and developments scenario. Report covers Market segmentation details by Type [Precision-fishing Techniques, Smart Buoy technology, Metocean Data Collection, Smart Feeding, Monitoring & Control Systems, Underwater ROV System/Aquaculture Underwater Robots, Others], Applications [Fisheries, Aquaculture], and Top Regions.
The Recent Research on “IOT for Fisheries and Aquaculture Market” presents wide-ranging examination of industry growth prospects and global trends of Top Manufacturers [Arbulu Group (Marine Instruments, NAUTICAL), Blue Sky Network, THALOS, Kato Electronic, Aquabyte, Innovasea Systems, AKVA Group]. The report focuses on SWOT analysis, CAGR status and revenue projection of stakeholders. Moreover, the report [113 Pages] offers a detailed assessment of market segmentations, business development strategies, and expansion plans across various regions.
By highlighting influencing growth factors and the latest industry technologies, the report displays the dynamic nature of the IOT for Fisheries and Aquaculture market. It combines strategic assessment of top players, historical and current market performance, and new investment opportunities, presenting a holistic view of the industry landscape. The analysis of supply-demand scope, trade statistics, and manufacturing cost structure further enhances the report's reliability.
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As companies navigate their path forward, this report serves as a crucial resource, enabling them to develop future strategies with confidence. With its wealth of information and comprehensive analysis, businesses can make informed decisions, capitalize on emerging opportunities, and strategically plan for sustainable growth in the ever-evolving IOT for Fisheries and Aquaculture Market.
Market Overview of Global IOT for Fisheries and Aquaculture market:
The latest research study on the global IOT for Fisheries and Aquaculture market finds that the global IOT for Fisheries and Aquaculture market reached a value of USD 850.84 million in 2022. It’s expected that the market will achieve USD 1362.22 million by 2028, exhibiting a CAGR of 8.16% during the forecast period.
The Internet of Things (IoT) describes the network of physical objects-"things"-that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. The IOT can provide scientific decision-making for the fisheries and aquaculture industry, and realize real-time diagnosis and traceable quality management.
Influence of COVID-19 Outbreak on IOT for Fisheries and Aquaculture Industry Development
The current situation of the epidemic in the United States and Europe is particularly serious. In order to stop the spread of this epidemic, many governments have issued "stay at home" orders. As a result, fishing activities are canceled and the businesses of enterprises are reduced, so the demand for IOT for Fisheries and Aquaculture also drops. The current recurrence of the epidemic and the full spread of the COVID-19 variant strains may cause more serious effects.
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. However, services and software will not be affected by traffic and logistics controls.
The epidemic will have an impact on the cash flow of small and mediumsized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.
Drivers
Waters, which cover 70% of the earth's surface area, currently provide only 10% of all human food combined, which means the future of modern fisheries is promising. At present, the fishery industry still follows the traditional way of consuming a large amount of resources and rough operation, and lacks effective monitoring of water quality and environment. Irrational feeding and medication in the aquaculture process greatly deteriorate the water quality environment, affecting the quality of aquatic products and aggravating the occurrence of aquatic diseases, led to the problems of aquatic product quality and safety, water environment pollution is very serious. These problems are forcing the traditional fishery must be transformed and upgraded to improve their products quality, efficiency and competitiveness. Traditional aquaculture relies on manual observation, information recording is not real-time, regulation and control is not timely and feedback is slow. As the scale of aquaculture continues to expand, the information processing requirements in the aquaculture process are getting higher and higher, and the accuracy and reliability of manually recorded data are greatly reduced.
For the pain points of traditional aquaculture, the earlier introduction of information management approach gives a partial solution to promote industry standardization. With the arrival and development of intelligent aquaculture, traditional aquaculture subjects realize the importance of transformation and upgrading. The model of aquaculture, management methods and related technologies continue to innovate, converge and improve.
Limitations
Lack of infrastructure, high hardware costs, data privacy and security issues are still important factors restricting the development of IOT for Fisheries and Aquaculture Industry. In addition, rising labor prices and increased competition may also adversely affect the development of the industry.
Opportunities
5G, edge computing, artificial intelligence, big data and other accelerated iterations and evolution have driven the IoT to usher in a window of scale development and a new round of opportunities. 5G's arrival has greatly facilitated the development of IoT technologies. With 5G is further commercialized, the world of IoT will be greatly enriched. Relying on the characteristics of large bandwidth, low latency and high reliability of 5G network and the number of millions of connections per square kilometer, it can effectively support the instant mass connection of various devices required for intelligent fisheries, which is an important node for the next development of IoT.
With the development of Internet of Things technology, all objects will have the characteristics of identification, sensing and being sensed, and information sharing. Fishery production and IOT technology will be more and more closely linked together, global fishery resources monitoring, marine environment monitoring, fish information forecasting, fishing vessel manufacturing, fishing port construction and other aspects will appear the figure of the Internet of things, fisheries information will develop towards the intelligent, automated, multi-dimensional direction.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
The top three companies are AKVA Group, Satlink and Arbulu Group (Marine Instruments, NAUTICAL) with the revenue market share of 5.52%, 4.84% and 3.87% in 2019.
AKVA group is present in all markets with offices in Norway, Chile, Denmark, Scotland, Spain, Greece, Iceland, Canada, Australia and Turkey. AKVA group is a unique partner with the capability to offer both pen farming and land-based aquaculture operations with complete technical solutions and service.
Satlink S.L. was established back in 1992 in Spain to take advantage of the new satellite communications technology then. Since then, Satlink has positioned itself to be the main mobile satellite supplier in Spain and has also extended its focus to the rest of the world by providing solutions, systems and services for the global maritime, aeronautical and terrestrial markets. The main objective of Satlink has been and will continue to be providing the latest technological developments in satellite communication globally.
Segmentation Overview:
By type, Monitoring and Control Systems segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Aquaculture segment occupied the biggest share from 2017 to 2022.
Top Key Players Are:
- Arbulu Group (Marine Instruments, NAUTICAL)
- Blue Sky Network
- THALOS
- Kato Electronic
- Aquabyte
- Innovasea Systems
- AKVA Group
- DHI Group
- Imenco AS
- Eruvaka Technologies
- ORBCOMM
- CLS
- KDDI Corporation
- Satlink
- HISHING
- BlueTraker
- Zunibal
- ScaleAQ
- In-Situ
- Iridium
These players are increasingly focusing on strategic collaborations, mergers and acquisitions, and new product launches to expand their market share and improve their competitive positioning. Additionally, they are investing heavily in research and development to develop innovative solutions and enhance their technological capabilities.
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Industry Segments by Type:
- Precision-fishing Techniques
- Smart Buoy technology
- Metocean Data Collection
- Smart Feeding
- Monitoring and Control Systems
- Underwater ROV System/Aquaculture Underwater Robots
- Others
Industry Segments by Application:
- Fisheries
- Aquaculture
The report delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market. This report also states import/export consumption, supply and demand Figures, cost, industry share, policy, price, revenue, and gross margins.
Key Factors Considered in this Report:
COVID-19 Impact:
Amid the COVID-19 crisis, the IOT for Fisheries and Aquaculture market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War:
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.
Challenges and Opportunities:
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
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Here are Some Reasons to Buy IOT for Fisheries and Aquaculture Market Report:
In-depth Market Insights: The IOT for Fisheries and Aquaculture Market Report provides a comprehensive and detailed analysis of the market, including market size, share, trends, and growth drivers. It offers valuable insights into the current state of the market and its future potential.
Accurate Forecasting: The report offers reliable forecasts and projections based on robust research methodologies, industry spending, and market growth rates. This helps businesses make informed decisions and plan for the future effectively.
Competitive Analysis: The report includes a thorough examination of key players, their product portfolios, and market strategies. This enables businesses to understand their competitors and devise strategies to stay ahead in the market.
Market Scope and Segmentation: The report defines the market scope comprehensively, providing a clear understanding of various market segments and their potential growth opportunities.
Regional Analysis: The report analyzes the market's performance in different regions, enabling businesses to identify lucrative markets and tailor their strategies accordingly.
Industry Technology Analysis: The report evaluates the technological advancements in the IOT for Fisheries and Aquaculture market, giving businesses insights into cutting-edge technologies and innovation trends.
Supply and Demand Analysis: Understanding the supply-demand dynamics helps businesses optimize their production and distribution processes and manage inventory efficiently.
Investment Decision Support: The report provides critical information and data-driven insights that aid businesses in making informed investment decisions in the IOT for Fisheries and Aquaculture market.
Long-term Growth Prospects: By analyzing trends and growth drivers, the report highlights the long-term potential of the IOT for Fisheries and Aquaculture market, helping businesses identify sustainable growth opportunities.
Some of the key questions answered in this report:
- What are the anticipated growth rates for the IOT for Fisheries and Aquaculture market in the upcoming years, and what factors are driving this growth?
- How do consumers perceive and adopt different types of IOT for Fisheries and Aquacultures in the market?
- How do regulatory policies and government initiatives impact the growth of the IOT for Fisheries and Aquaculture market?
- What is the current market share of the top 5 players in the IOT for Fisheries and Aquaculture market, and how is it expected to evolve in the future?
- What are the emerging technologies and innovations shaping the landscape of the IOT for Fisheries and Aquaculture market?
- How do macroeconomic factors such as inflation, GDP, and exchange rates impact the IOT for Fisheries and Aquaculture market?
- What are the supply chain and logistics challenges faced by IOT for Fisheries and Aquaculture market players, and how are they addressing them?
- How does changing consumer behavior and preferences influence the dynamics of the IOT for Fisheries and Aquaculture market?
- What are the potential risks and uncertainties associated with investing in the IOT for Fisheries and Aquaculture market, and how can they be mitigated?
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Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2018 -2028) of the following regions:
- North America (United States, Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
- Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
- Latin America (Brazil, Mexico, Argentina)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)
Following Chapter Covered in the IOT for Fisheries and Aquaculture Market Research:
Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.
Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.
Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.
Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.
Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.
Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.
Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.
Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), recent development, SWOT analysis, etc.
Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.
Chapter 11 introduces the market research methods and data sources.
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Detailed TOC of IOT for Fisheries and Aquaculture Market Forecast Report 2023-2028:
1 IOT for Fisheries and Aquaculture Market Overview
1.1 Product Overview and Scope of IOT for Fisheries and Aquaculture Market
1.2 IOT for Fisheries and Aquaculture Market Segment by Type
1.2.1 Global IOT for Fisheries and Aquaculture Market Sales Volume and CAGR (%) Comparison by Type (2018-2028)
1.3 Global IOT for Fisheries and Aquaculture Market Segment by Application
1.3.1 IOT for Fisheries and Aquaculture Market Consumption (Sales Volume) Comparison by Application (2018-2028)
1.4 Global IOT for Fisheries and Aquaculture Market, Region Wise (2018-2028)
1.5 Global Market Size of IOT for Fisheries and Aquaculture (2018-2028)
1.5.1 Global IOT for Fisheries and Aquaculture Market Revenue Status and Outlook (2018-2028)
1.5.2 Global IOT for Fisheries and Aquaculture Market Sales Volume Status and Outlook (2018-2028)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the IOT for Fisheries and Aquaculture Market
2 Industry Outlook
2.1 IOT for Fisheries and Aquaculture Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 IOT for Fisheries and Aquaculture Market Drivers Analysis
2.4 IOT for Fisheries and Aquaculture Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 IOT for Fisheries and Aquaculture Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on IOT for Fisheries and Aquaculture Industry Development
3 Global IOT for Fisheries and Aquaculture Market Landscape by Player
3.1 Global IOT for Fisheries and Aquaculture Sales Volume and Share by Player (2018-2023)
3.2 Global IOT for Fisheries and Aquaculture Revenue and Market Share by Player (2018-2023)
3.3 Global IOT for Fisheries and Aquaculture Average Price by Player (2018-2023)
3.4 Global IOT for Fisheries and Aquaculture Gross Margin by Player (2018-2023)
3.5 IOT for Fisheries and Aquaculture Market Competitive Situation and Trends
3.5.3 Mergers and Acquisitions, Expansion
4 Global IOT for Fisheries and Aquaculture Sales Volume and Revenue Region Wise (2018-2023)
4.1 Global IOT for Fisheries and Aquaculture Sales Volume and Market Share, Region Wise (2018-2023)
4.2 Global IOT for Fisheries and Aquaculture Revenue and Market Share, Region Wise (2018-2023)
4.3 Global IOT for Fisheries and Aquaculture Sales Volume, Revenue, Price and Gross Margin (2018-2023)
5 Global IOT for Fisheries and Aquaculture Sales Volume, Revenue, Price Trend by Type
5.1 Global IOT for Fisheries and Aquaculture Sales Volume and Market Share by Type (2018-2023)
5.2 Global IOT for Fisheries and Aquaculture Revenue and Market Share by Type (2018-2023)
5.3 Global IOT for Fisheries and Aquaculture Price by Type (2018-2023)
5.4 Global IOT for Fisheries and Aquaculture Sales Volume, Revenue and Growth Rate by Type (2018-2023)
6 Global IOT for Fisheries and Aquaculture Market Analysis by Application
6.1 Global IOT for Fisheries and Aquaculture Consumption and Market Share by Application (2018-2023)
6.2 Global IOT for Fisheries and Aquaculture Consumption Revenue and Market Share by Application (2018-2023)
6.3 Global IOT for Fisheries and Aquaculture Consumption and Growth Rate by Application (2018-2023)
7 Global IOT for Fisheries and Aquaculture Market Forecast (2023-2028)
7.1 Global IOT for Fisheries and Aquaculture Sales Volume, Revenue Forecast (2023-2028)
7.2 Global IOT for Fisheries and Aquaculture Sales Volume and Revenue Forecast, Region Wise (2023-2028)
7.3 Global IOT for Fisheries and Aquaculture Sales Volume, Revenue and Price Forecast by Type (2023-2028)
7.4 Global IOT for Fisheries and Aquaculture Consumption Forecast by Application (2023-2028)
7.5 IOT for Fisheries and Aquaculture Market Forecast Under COVID-19
8 IOT for Fisheries and Aquaculture Market Upstream and Downstream Analysis
8.1 IOT for Fisheries and Aquaculture Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of IOT for Fisheries and Aquaculture Analysis
8.6 Major Downstream Buyers of IOT for Fisheries and Aquaculture Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the IOT for Fisheries and Aquaculture Industry
9 Players Profiles
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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