[ad_1]
JERSEY CITY, NJ, July 8, 2022 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global IoT for Fisheries and Aquaculture Market By Application (Feed Optimization, Monitoring and Surveillance, Yield Analysis & Measurement, and Other Applications), By System Type (Smart Feeding Systems, Precision-fishing Techniques, Smart Buoy technology, Metocean Data Collection, Monitoring and Control Systems, Underwater ROV Systems, and Other System Type), Farm Type (Open Aquaculture Farms and RAS Farms)– By Trends, Industry Competition Analysis, Revenue and Forecast Till 2030″
According to the latest research by InsightAce Analytic, the global IoT for fisheries and aquaculture market size valued at US$ 415.37 Million in 2021 and it is expected to reach US$ 1232.32 Million in 2030, recording a promising CAGR of 13.2% during the period of 2022-2030.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1303
In recent years, IoT has already shown a vast array of application sectors. In Aquaculture sector, Internet of Things (IoT)-based devices are utilised to monitor aquaculture’s fundamental demands and assist in the provision of fisheries necessities. Numerous water conditions will be monitored using IoT sensors to improve the fish habitat. These devices include sensors that detect the Potential of Hydrogen (pH) level and the water temperature, as well as two additional sections for the measurement of dissolved oxygen level and ammonia level using testing kits, which are required for proper fish farming in the appropriate water. Companies are focused on developing cloud-based analytical software tools, including artificial intelligence, for collecting data from smart sensors and satellites, making aquaculture operations more productive and environmentally friendly. Aquaculture’s expanding popularity will drive future demand for IoT in the aquaculture market.
The growth of the IoT for fisheries and aquaculture market can be driven by the factors such as the increasing number of aquaculture farms, rising investments in R&D, innovation of products, fast adoption of advanced technologies, high demand for protein-rich aqua food, and increasing government support for infrastructure development in aquaculture. The key drivers of the market’s expansion are the increasing use of aquaculture equipment in fish farms worldwide, the popularity of aquaculture farming using recirculation aquaculture systems (RAS), and the quick uptake of underwater ROVs in developing nations.
However, the development of the IoT for fisheries and aquaculture market may be hampered by complicated system procedures, high monitoring costs for aquaculture farms, a high capital investment requirement, a shortage of skilled operators, and a lack of farmers who are …
Full story available on Benzinga.com
[ad_2]
Source link
