Precision Aquaculture Companies - AKVA group (Norway) and ScaleAQ (Norway) are the Key Players

The global precision aquaculture market size is expected to grow from USD 847.9 million in 2025 to USD 1,434.5 million by 2030, at a CAGR of 11.1% during the forecast period. This growth of the precision aquaculture market is primarily driven by the increasing global demand for seafood, rising pressure on sustainable farming practices, and the need to enhance productivity while reducing environmental impact. As traditional aquaculture methods face challenges like overfeeding, disease outbreaks, and water pollution, the adoption of advanced technologies such as IoT, AI, sensors, and automation has become essential for real-time monitoring, feed optimization, and health management of aquatic species. Supportive government policies, technological advancements, and a growing focus on traceability and operational efficiency further accelerate the shift toward precision-driven aquaculture solutions across developed and emerging markets.

The precision aquaculture market features major players, such as AKVA Group (Norway), ScaleAQ (Norway), Skretting (Norway), Innovasea Systems Inc. (US), and Aquabyte (US). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, expansions, and agreements to strengthen their international footprint and capture a greater share in the precision aquaculture market. These organic and inorganic strategies have allowed the market players to expand across geographies by offering precision aquaculture hardware, software, and services. In March 2025, AKVA Group launched Fishtalk?5, a new cloud-based version of its precision feeding platform. The upgrade brings faster performance and increased stability, and opens APIs for seamless integration with its AI tools. The goal is to simplify feeding operations by delivering real-time data and actionable insights directly in the browser, reducing manual work and enhancing efficiency, fish welfare, and operational control.

Major Precision Aquaculture Companies Include:

• AKVA group (Norway)
• ScaleAQ (Norway)
• Skretting (Norway)
• Innovasea Systems Inc. (US)
• Aquabyte (US)
• Signify Holding (Netherlands)
• ReelData (Canada)
• XpertSea (Canada)
• CageEye (Norway)

In November 2024, ScaleAQ significantly amplified its operational presence in the Faroe Islands by signing a service agreement with KSS, a maritime and aquaculture services provider based in Klaksvík with nearly a century of regional expertise. Under the agreement, KSS will stock essential spare parts and deliver maintenance services for ScaleAQ’s installed equipment, enabling faster local support and improved uptime in the region’s challenging conditions. The partnership enhances service reliability while meeting the specific needs of Faroe Islands aquaculture customers.

AKVA Group, headquartered in Norway, is a pioneering global provider of solutions and services for the aquaculture industry. Established in 1974 with the invention of plastic fish pens, AKVA Group has evolved into the world’s largest supplier of both plastic (Polarcirkel) and steel (Wavemaster) cages and equipment, serving over 65 countries. Over its more than 45-year history, the company has undergone several key mergers and acquisitions, including the 2000 formation of AKVAsmart, the 2006 merger into AKVA Group, and subsequent acquisitions of Maritech, Wavemaster Canada/Chile, Egersund Net (2018), Newfoundland Aqua Service, and Austevoll Rørteknikk (2020), and full ownership of Observe Technologies (2024). The company operates through three business segments: Sea-based technology (SBT), land-based technology (LBT), and digital. Its SBT segment offers products like feed barges, fish cages (Polarcirkel and Wavemaster), ROVs, and net systems through brands and subsidiaries such as Egersund Net and Sperre AS. The Digital segment delivers leading software solutions like AKVA Connect and Fishtalk, while the LBT segment specializes in designing and supplying recirculating aquaculture systems (RAS) for land-based fish farming. AKVA Group has a strong international presence with operations and facilities across Norway, Chile, Canada, the UK, Turkey, and other countries.

ScaleAQ is among the leading global providers of integrated solutions for the precision aquaculture industry, offering advanced technologies in feeding, monitoring, infrastructure, and digital software. Headquartered in Norway, the company serves both sea-based and land-based aquaculture operations across more than 11 countries. With nearly four decades of experience, ScaleAQ’s feeding and monitoring systems are built for efficiency and sustainability, combining gentle feed handling, real-time sensor data, and robust control software like FeedStation and Knowledger. Their systems support over 1,000 installations globally, offering open API integrations and localized service through 30+ offices. Strategically, the company continues to expand its value chain through acquisitions like Maskon (automated vaccination) and innovations like hybrid barges and environmental product declarations (EPDs). Sustainability is at the core of ScaleAQ’s offerings, with initiatives like circular reuse of plastics under its SirkAQ program and a focus on reducing feed waste through smart technology. Backed by strong R&D and global partnerships, ScaleAQ is well-positioned to lead the precision aquaculture market in delivering cost-effective, scalable, and eco-responsible fish farming solutions.

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Markets Ranking

The precision aquaculture market is highly consolidated, with AKVA group (Norway), ScaleAQ (Norway), Skretting (Norway), Innovasea Systems Inc. (US), and Aquabyte (US) collectively commanding 51-61% of the total market share. Norway-based AKVA group leads through its comprehensive portfolio of precision feeding systems, ROVs, and advanced software platforms like AKVA Connect and Fishtalk. ScaleAQ further reinforces its market position with integrated feeding barges, lice control systems, and digital monitoring tools. Skretting, the aquafeed division of Nutreco (a Dutch firm under SHV Holdings), operates in over 18 countries. It has expanded its digital capabilities through a majority stake in India’s Eruvaka Technologies, integrating smart feeding and real-time monitoring for shrimp farming. Innovasea Systems Inc., headquartered in the US, delivers end-to-end precision aquaculture solutions ranging from submersible pens to AI-enabled farm management platforms across the Americas and Europe. Meanwhile, Aquabyte offers AI-driven machine vision systems for biomass estimation, fish health analytics, and sea lice detection, supporting salmon and trout producers with automated insights and regulatory compliance. Together, these companies drive innovation and efficiency across the aquaculture value chain, cementing their leadership in the evolving precision aquaculture landscape.