Global Smart Agriculture Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global smart agriculture market in its upcoming report titled, “Global Smart Agriculture Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global smart agriculture market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart agriculture market report has been segmented on the basis of solution, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Smart agriculture is an integrated approach to manage farming activities such as optimizing yields and preserving resources. Smart agriculture makes the farming process a relatively easy process with use of agricultural robots for automatic farming processes such as soil maintenance, weeding, fruit picking, harvesting, planting and irrigation.
Increasing application of technologies in agriculture is a major factor driving growth of the global smart agriculture market. In addition, increasing support by governments in developed and developing countries and rising global food demand worldwide are other major factors expected to boost growth of the global smart agriculture market over the forecast period.
However, high costs associated with procurement and use of smart devices in agriculture is a major factor restraining growth of the global smart agriculture market. Additionally, lack of awareness about the latest technologies is another major factor expected to hamper growth of the global smart agriculture market over the forecast period.
Currently, the market in North America accounts for highest share in the global smart agriculture market in revenue terms, owing to high adoption of advanced technologies in agricultural activities in the region. The market in Europe accounted for second-highest revenue share in the global smart agriculture market, due increasing government support for smart agriculture in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to rising global food demand and increasing awareness about smart agriculture practices in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of XX.X% over the forecast period.
Global smart agriculture market segmentation:
- Network management
- Agriculture asset management
- Supervisory control and data acquisition
- Logistic and supply chain management
- Smart water management
- Precision agriculture
- Livestock monitoring
- Fish farming
- Smart greenhouse
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Deere & Co.
- Trimble Navigation Ltd.
- Raven Industries Ltd.
- AgJunction Inc.
- AGCO Corporation
- SST Development Group Inc.
- Ag Leader Technology
- Hexagon AB
- Iteris Inc.
- TeeJet Technologies
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