Machine Vision Fish Counters Market is segmented by Type (Fry, Fish Counting); by Application (Aquaculture, Commercial Fishery, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Machine Vision Fish Counters Market Overview
Machine vision fish counters are automatic devices that are used for measuring the number of fish that passes along a river in a certain time. When a fish swims through the scanner, the sensor detects the silhouette image and registers the count of the fish. Growing fish cultivation worldwide is one of the major factors predicted to drive the growth of the machine vision fish counter market. Vaki (MSD Animal Health), Flatsetsund Engineering AS, and Faivre are some of the significant parties in the market for machine vision fish counters.
The global machine vision fish counters market was valued at USD 26.3 million in 2023. The market is expected to expand at a CAGR of 5.3% from 2023-2032, and is expected to cross value of USD 38.1 million by the end of 2032.
Machine Vision Fish Counters Market Drivers
Some key drivers for the machine vision fish counters market are:
- Increasing Cultivation of Fish: With the growing population globally, the demand for different types of food products is also increasing. As such, the demand for fish and fish products are also increasing, thereby raising the need for enhancing the cultivation of fish. Fish counters help fish cultivators in increasing their efficiency, as a result of which, the demand for the product among these users is increasing.
- Growing Exports of Fish Products: The rising exports of fish products globally is also poised to create numerous opportunities for market growth during the forecast period.
- Rapid Adoption of Advanced Fish Cultivation Equipment: The impact of industrialization has been on each and every other field. As such, the adoption of high-tech modern equipment for fish cultivation has also been on the rise amongst the cultivators. This, therefore, acts as a promising factor to fuel the market growth in the future.
- Rise in Preference for Protein-Rich Diets: With the increase in preference for protein-rich diets, the demand for fish products is increasing. Such a factor is also poised to create several opportunities for market growth in the coming years.
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Machine Vision Fish Counters Market Challenges
Some challenges facing the machine vision fish counters market are:
- High Price of Advanced Equipment: Automated equipment that are used in the farming industry are usually of high price. This equipment may not be affordable for small sized cultivators, as a result of which, the demand for the product may get hampered.
- Lack of Accuracy in Counting: The concern for the lack of accuracy in counting the fishes also impacts the demand for the product negatively.
- Low Awareness for Machine Vision Fish Counters: The awareness for such fish counters in several under-developed and developing nations globally is also poised to hinder the market growth during the forecast period.
Machine Vision Fish Counters Market Segmentation
Segmentation of machine vision fish counters market are:
- By Type
- Fry
- Fish Counting
- By Application
- Aquaculture
- Commercial Fishery
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Machine Vision Fish Counters Market: Report Scope |
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Base Year Market Size |
USD 26.3 Million |
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Forecast Year Market Size |
USD 38.1 Million |
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CAGR Value |
5.3% |
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Segmentation |
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Challenges |
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Growth Drivers |
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Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Machine Vision Fish Counters Market Regional Synopsis
The market for machine vision fish counters in the Asia Pacific is poised to grab the largest share during the forecast period owing to the growing consumption of fish and fish products across several countries in the region. The region also possesses several countries where seafood products exports are increasing rapidly, thereby raising the demand for machine vision fish counters.
Further, the Europe machine vision fish counter market is anticipated to witness the quickest growth by 2032, backed by the growing demand for premium seafood products, followed by the high awareness of such equipment among the end-users. Additionally, the increasing number of fish cultivators in the region is also poised to boost the market growth forward in the coming years.
Machine Vision Fish Counters Market Key Players
Some key players in the machine vision fish counters market are:
- Vaki (MSD Animal Health)
- Flatsetsund Engineering AS
- Faivre
- Fischtechnik International
- Guangzhou Yuandian Intelligent Technology
- Fu-Chen Auto Technology Corporation
- Acuinuga
- Hainan Kuaiyu Biotechnology
- Yantai Utex Fishery Equipment
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- Publication date: 15th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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