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Market Overview of Global Aquaculture ROV market:
According to our latest research, the global Aquaculture ROV market looks promising in the next 5 years. As of 2022, the global Aquaculture ROV market was estimated at USD 51.31 million, and it's anticipated to reach USD 116.22 million in 2028, with a CAGR of 14.6% during the forecast years.
Aquaculture mainly includes raising, breeding, and obtaining animals and plants in seawater and freshwater environments. ROV is an unmanned underwater vehicle, which is connected to human operations by cables. Often equipped with underwater light sources and cameras, cameras, robotic arms, sonar, etc. Aquaculture ROV mainly refers to ROV used for aquaculture.
Aquaculture ROV Market Drivers
Aquaculture is one of the fastest growing industries in the food industry worldwide, providing a large number of aquatic products for humans. According to the latest global aquaculture data compiled by FAO, in 2018, world aquaculture production once again hit a record high, with a fresh weight of 114.5 million tons. The contribution of aquaculture to the total global fish production has been continuously increasing, from 25.7% in 2000 to 46.0% in 2016-18.
However, aquaculture currently faces problems such as mechanization, low degree of automation, and low output and efficiency, so it is urgent to transform and upgrade. Aquaculture ROV is a mobile and flexible underwater operation equipment. Compared with traditional underwater operation methods, it has obvious advantages in operation methods, scope, and adaptability. After Aquaculture ROV is applied to aquaculture monitoring and operations, it is expected to change the existing aquaculture mode, promote the transformation of the aquaculture industry to mechanization, engineering, intelligence, and intelligence, and alleviate the development crisis of the aquaculture industry. Therefore, Aquaculture ROV products have gradually promoted the transformation of the aquaculture industry in aspects such as water quality detection, video surveillance and transmission, target recognition and positioning, and high-precision underwater navigation. The demand for the transformation of the aquaculture industry has also promoted the continuous development of Aquaculture ROV products.
Aquaculture ROV Market Challenges
As a tool used by humans in the aquaculture industry, Aquaculture ROV is a special application of advanced robotic technology under water. Aquaculture ROV's manufacturing involves cutting-edge technology fields that combine disciplines such as machinery, control, information, navigation, and ships. As a result, the technical threshold of the industry is relatively high. Such as in aquaculture operations (such as sea cucumber harvesting, dead fish picking up, etc.). The underwater operating environment of aquaculture is complicated, the light is dim, the ocean currents change with time, and the target animals (sea cucumbers, dead fish) have different specifications and shapes. The precision and speed of the picking operation are high. How to quickly identify the target animal and perform precise operation control is a recognized problem that plagues the aquatic industry. Therefore, Aquaculture ROV products need to overcome problems such as imaging quality and underwater image restoration algorithms. It can be seen that Aquaculture ROV poses a high technical barrier to new entrants in the industry.
Region Overview:
From 2022-2027, North America is estimated to witness robust growth prospects.
Company Overview:
AKVA GROUP, Deep Trekker, PowerVision, SEAMOR and Blueye Robotics are the five key players in the global Aquaculture ROV market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Aquaculture ROV market in the past 5 years.
AKVA Group is a global technology and service partner that provides technologies and services that help solve biological challenges in the aquaculture industry.
Deep Trekker provides the world's truly portable, affordable, and easy to use remotely operated vehicles (ROVs) submersible crawler systems and subsurface cameras.
With sales in over 80 countries, Deep Trekker robots can be found in industries ranging from aquaculture to municipal contracting, commercial diving, recreation, military, search and rescue, shipping, infrastructure and more.
Segmentation Overview:
Among different product types, Depth below 100m segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Underwater Observation segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Aquaculture ROV market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Aquaculture ROV Market Report:
Market Size Estimates: Aquaculture ROV market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Aquaculture ROV market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aquaculture ROV market
Segment Market Analysis: Aquaculture ROV market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Aquaculture ROV market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Aquaculture ROV Market: Revenue and sales volume of major countries in each region
Aquaculture ROV Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Aquaculture ROV market in major regions.
Aquaculture ROV Industry Value Chain: Aquaculture ROV market raw materials & suppliers, manufacturing process, distributors, downstream customers
Aquaculture ROV Industry News, Policies & Regulations
Key players in the global Aquaculture ROV market are covered in Chapter 12:
Deep Trekker
AKVA GROUP
Chasing
VxFly
SEAMOR
PowerVision
Nido Robotics
VideoRay
Blueye Robotics
ROV Innovations
ROBOSEA
In Chapter 2 and Chapter 15.1, based on types, the Aquaculture ROV market from 2018 to 2028 is primarily split into:
Depth below 100m
Depth 100m-200m
Depth 201-300m
Others
In Chapter 3 and Chapter 15.2, based on applications, the Aquaculture ROV market from 2018 to 2028 covers:
Underwater Observation
Environmental Test
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Aquaculture ROV market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028