Global Aquaculture Video Cameras Market Size, Share, Opportunities, And Trends By Camera Type (Underwater Cameras, Above-water Cameras), By Application (Fish Farming, Shellfish Farming), By Technology (IP Cameras, Analog Cameras), And By Geography - Forecasts From 2024 To 2029

Aquaculture is known as the breeding, rearing, and harvesting of aquatic lifeforms, which include fish, shellfish, algae, and various other types of organisms in all kinds of aquatic environments. This allows for the production of food and other commercial products, restores habitats, replenishes wild stocks, and repopulates threatened and endangered species. Aquaculture can be of two types, which include marine and freshwater. Marine aquaculture is the farming of species that live in the ocean and estuaries such as oysters, clams, shrimp, mussels, and various types of fish, whereas freshwater aquaculture is the farming of species that live in ponds, reservoirs, lakes, rivers, and other inland waterways.

Introduction:

Biomass cameras, which include aquaculture video cameras, are cameras that allow the farmer to monitor fish feeding, animal behaviours, and the general condition in the cage. This allows for a clear view and improved insights into the condition of the aquatic lifeform’s health and welfare in aquaculture. These cameras allow the farmers to detect the biomass distribution of fish in their fish tanks. Some cameras are equipped with artificial intelligence (AI) technologies, allowing for automation and improved insights into the conditions of the aquatic environment. Through the use of AI, the density and distribution of the fish can be analyzed through the system, increasing productivity and control.  One of the major factors that led to the aquaculture video cameras market growth is the increase in aquaculture production during the forecasted period.

Market Drivers:

• Growth in aquaculture production: Aquaculture production is one of the key players in the aquaculture video camera market growth. Since aquaculture is the farming of aquatic life forms such as fish, shellfish, algae, and many other organisms, the dependency on technology is also to be expected during the age of Industry 4.0. The fourth industrial revolution is the complete automation and application of advanced technology in current day-to-day activities and industries. In aquaculture, the use of biomass cameras will help in monitoring, managing, and repairing the conditions in the aquatic environment through specialized underwater cameras that can be deployed through remote control and other methods.  As per the World Aquaculture Society, aquaculture production has shown an increase from 87.5 million tonnes in 2020 to 92 million tonnes in 2022, which is an increase of 5%. Despite having several challenges like climate change, inflation, and a decline in demand, aquaculture production has shown a positive increase and will be expected to continue at a positive rate during the forecasted period. As the production of aquaculture is expected to increase, the demand for biomass cameras will also be expected to increase as well. This will provide the necessary boost to the aquaculture video camera market during the forecasted period of 2024-2029.

Key Players:

• AKVA Group: A global leader in the manufacturing and supplying of solutions and services, with a portfolio that focuses on aquaculture. They offer a wide range of solutions with applications in both land-based and sea-based aquaculture operations.
• Imenco AS: A multinational company that is known for the development, designing, and manufacturing of a wide range of products with applications in offshore oil and gas, offshore renewables, aquaculture, marine and naval, and industrial areas.

Regional Analysis:

The Asia Pacific region is expected to witness significant growth in the aquaculture video cameras market during the forecasted period of 2024-2029. The factor that contributes to the increase in the market growth in this region is the growth of aquaculture production. In aquaculture, the use of video cameras provides a variety of benefits, which include monitoring and surveillance of aquatic life forms, water quality management, environmental surveillance, and many others. This form of automation helps increase the yield factor of aquaculture products and also improves the aquatic environment in which the aquatic lifeforms live, which in turn improves the characteristics of the aquatic lifeforms. According to the Organisation for Economic Co-operation and Development, China and India are the leaders in aquaculture production, accounting for an estimated US$175.31 billion and US$17.26 billion in 2021, which is an increase from US$154.59 billion and US$13.62 billion in 2018 respectively. As the aquaculture production for this region shows positive growth, it will be expected to show increased growth during the forecasted period as well. This will contribute to the increase in aquaculture video cameras as well since aquaculture cameras help in monitoring the conditions of the aquatic life and maintain the stability as well from the monitored information. This will propel the aquaculture video camera market during the forecasted period of 2024-2029.

Market Developments:

• August 2023: IMENCO announced the acquisition of ESTRO intending to expand and grow within the fish welfare industry. ESTRO was incorporated into IMENCO Aqua and will establish products and fish welfare using the expertise of ESTRO in fish welfare and product developments with products such as SEANEST cleaner fish hide and recapture solutions. The products that will be developed by the company will ensure cleaner seas for sustainable aquaculture production and environment. This combination allows the companies to combine their unique portfolios and highly capable employees to make IMENCO Aqua a major player in the market for technology products for the aquaculture industry.
• August 2023: Ace Aquatec announced the launch of their state-of-the-art biomass camera which is automated with an AI camera system that will revolutionize biomass data capture for fish farmers worldwide, dubbed A-BIOMASS. This product is an advanced underwater camera system that is equipped with machine learning and artificial intelligence (AI) to monitor and grade fish stocks with real-time millimetre accuracy. This fully automated camera weighs only 8.5kg and is easy to deploy for use, which has been tested in Scotland’s most northerly waters.

Segmentation:

• By Camera Type:
  • Underwater Cameras
  • Above-water Cameras
• By Application:
  • Fish Farming
  • Shellfish Farming
• By Technology:
  • IP Cameras
  • Analog Cameras
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others