Report Ocean has recently published the “Smart Agriculture Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global smart agriculture market size was valued at $16,746.7 million in 2019, and is estimated to reach $29,234.6 million by 2027 with a CAGR of 9.7% from 2021 to 2027. Agriculture is one of the most important activities in most of the countries across the globe. It has evolved from manual to a technology-based occupation in every aspect. Moreover, smart agriculture services for farmers and land managers enable them to better manage the risks and impacts of climate change and undertake actions.
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Moreover, smart agriculture services help farmers in decision-making about the next steps to take with their farm operation and how the data can be used that technology provides for better crop production with low cost. Furthermore, services like consulting, support & maintenance service, and others provide accuracy and precision, which are important aspects in agriculture. Thus, increase in services for farmers and land managers to mitigate the risks and to provide better crop production technology further boosts the growth of the market.
There is an increase in the adoption smartphone and other mobile devices among the farmers, as these provides the farmers with latest development in the field of agriculture. Also, farmers depend on broadband and other wireless technologies to catch the latest news in their field of interest and participate in practical knowledge sharing initiatives in the agriculture industry. Due to the wide spread of internet, agriculture resources are available in a wide range of local languages, which help farmers create awareness on the agriculture industry skills and helps in boosting the growth of the smart agriculture market.
The smart agriculture market is segmented on the basis of type, component and region. By type, the market is categorized into precision farming, livestock, aquaculture and greenhouse. By component, it is bifurcated into solution, service, and connectivity technology. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, and rest of LAMEA).
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KEY BENEFITS FOR STAKEHOLDERS
– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart agriculture market analysis from 2019 to 2027 to identify the prevailing smart agriculture market opportunities.
– The key countries in all the major regions are mapped on the basis of market share.
– The market research is offered along with information related to key drivers, restraints, and opportunities.
– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the smart agriculture market segmentation assists to determine the prevailing market opportunities.
– Major countries in each region are mapped according to their revenue contribution to the global market industry.
– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
– The report includes the analysis of the regional as well as global smart agriculture market trends, key players, market segments, application areas, and market growth strategies.
The key players operating in the smart agriculture industryinclude Trimble Inc., Deere & Company, Topcon Positioning Systems, DeLaval Inc., AgEagle Aerial Systems Inc., Afimilk Ltd, Raven Industries, Inc., Ag Junction LLC., AGCO Corporation, and GEA Group.
KEY MARKET SEGMENTS
By type
– Precision Farming
– Livestock
– Aquaculture
– Greenhouse
By Component
– Solution
o Hardware
? HVAC System
? LED Grow Lights
? Valves & Pumps
? Sensor & Control Systems
? Others
o Software
? Network Management
? Agriculture Asset Management
? Smart Water Management
? Irrigation Management
– Service type
o Consulting
o System Integration and Deployment
o Support and Maintenance
– Connectivity Technology Type
o Cellular IoT
o LoRa
o NB-IoT
o Global Navigation Satellite System (GNSS)
o Wi-Fi
o SIGFOX
o Wireline
o Wireless Personal Area Network (WPAN)
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Russia
? Italy
? Spain
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia & New Zealand
? Korea
? ASEAN
? Rest of Asia-pacific
o LAMEA
? Brazil
? South Africa
? Turkey
? Saudi Arabia
? Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Business Owners and Executives:
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Marketing and Sales Professionals:
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Product Development and Innovation Teams:
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Investors and Financial Analysts: –
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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