External Stakeholders Survey Results - The Future of Aquaculture The impact of 4.0 technologies worldwide

Aquaculture 4.0 technologies have landed and are very likely to stay, aiming to play a major role within the implementation of new Circular Bioeconomy approaches. In this context, European aquaculture has been recently applying innovative and disruptive technologies to transform fishery management strategies. The so-called “4th industrial revolution” is projected to allow a 15-20% increase in the sector by the year 2030. In addition to the growth the revolution can provide, the benefits of Industry 4.0 include improved productivity, efficiency and reduced costs. Companies will be able to produce more, in less time, while allocating resources more effectively, due to a smooth adoption of interconnectivity through the Internet of Things (IoT), access to real-time data, and the introduction of cyber-physical systems. According to FAO data, the estimated production volume of fish from European aquaculture in 2028 will increase to approximately 1.4 million tons, needing more circular, digitized solutions to cover end user demand.

This data was collected from a survey investigating the Future of Aquaculture The impact of 4.0 technologies worldwide. The results of this survey were used to understand the main challenges faced within the Aquaculture 4.0 market concerning usage experience and level of awareness, in order to identify barriers for implementation and key drivers to encourage adoption of innovative technologies within their businesses. The insights gathered will help us to improve our concept and ultimately the whole value chain of the Aquaculture 4.0 market.