Segmented by offer (hardware, software, services), by application (precision agriculture, livestock monitoring, smart greenhouses, others), by company and by region. The global smart agriculture market is expected to witness impressive growth during the forecast period 2023-2027.
New York, Nov. 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Smart Agriculture Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027″ – https://www. reportlinker.com/p06362593/?utm_source=GNW
Major factors include technological advancements and increased demand for food.
Rising population and rapid urbanization are driving the smart agriculture market globally. Smart farming helps farmers grow their crops more efficiently using advanced technologies.
Smart farming provides real-time data on soil, air and crop conditions. It not only ensures high crop yield, but makes it sustainable while preserving the environment. Other factors supporting the growth of the market are increased awareness among farmers, increased investment in technological research and product innovation, and government support for infrastructure development in smart agriculture.
Growing demand for food
Due to increase in population, increase in food demand is propelling the growth of smart agriculture market. According to the Food and Agriculture Organization of the United States, the world’s population is expected to reach 9 billion by 2050, which is expected to increase demand. for food then 70%.
Farmers are likely to come under pressure to increase crop production, prompting them to opt for smart farming, which is expected to support the growth of the market. Using smart agriculture not only improves crop productivity, but also reduces the waste of valuable resources such as water, fertilizers, pesticides, and land.
In recent years, rapid progress has been made in smart farming to reap the benefits. Technologies such as artificial intelligence, tracking systems, sensors, robots, artificial intelligence and others are widely adopted by farmers to improve productivity and efficient management of more resources. , and reduce waste.
Smart agriculture, when used to its greatest potential, can benefit farmers to reduce negative effects on crops. Modern technologies such as VRT, data management software, artificial intelligence, yield mapping software, sensors and GPS are helping farmers to optimize production. of cultures.
For example, in 2020, Topcon Agriculture, a California-based electrical and electronics manufacturing company, announced that it had launched a new cloud-based platform tool, which will help farmers integrate connectivity and data analysis during farming. Thus, owing to these technological advancements in smart farming, it is expected to drive the growth of the market.
Increase investments and initiatives
Governments of various countries are investing in research and development (R&D) activities to introduce advanced agricultural techniques, which helps in the growth of the market. is expected to unlock new lucrative opportunities for the global smart agriculture market during the forecast period.
For example, the United States Department of Agriculture announced a $1 billion investment in partnerships to help climate-smart farmers, ranchers, and forest owners in the United States improve climate-smart practices.
The global smart agriculture market is segmented into supply, application and company. On the basis of supply, the market is divided into hardware, software and services.
Based on hardware, the market is divided into sensing devices, HVAC systems, grow lights, automation and control systems, and others. Based on software, the market is divided into web-based and cloud-based.
Based on services, the market is divided into professional and managed. Based on application, the market is divided into precision farming, livestock monitoring, smart greenhouses and others.
Based on precision agriculture, the market is divided into yield monitoring, field mapping, crop scouting, weather tracking and forecasting, agricultural inventory and labor management, etc. Based on livestock monitoring, the market is divided into milk harvesting, livestock management, feeding management, etc. Based on smart greenhouses, the market is divided into water and fertilizer management, HVAC management and others. In terms of countries, the United States is expected to be a lucrative market over the forecast period due to the growing demand for food products and technological advancements in the country.
AGCO Corporation, AgJunction, Inc., Ag Leader Technology, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic BV, GEA Group Aktiengesellschaft, Topcon Positioning Systems, Inc., DeLaval Holding AB , Allflex USA, Inc., Afimilk Agricultural Cooperative Ltd., AKVA Group, Heliospectra AB, LumiGrow Inc are some of the major companies operating in the market.
In this report, the global smart agriculture market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Smart agriculture market, offering:
Automation and control systems
• Smart Agriculture Market, By Application:
o Precision Agriculture
Weather tracking and forecasting
Farm inventory and labor management
o Livestock tracking
o Smart greenhouses
Water and fertilizer management
• Smart Agriculture Market, by Region:
o North America
o Europe & CIS
o South America
o Middle East and Africa
United Arab Emirates
Company Profiles: Detailed analysis of the main companies present in the smart agriculture market
With the market data provided, we offer customizations based on a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
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