Smart Agriculture Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Smart Agriculture Market By Agriculture Type (Precision Farming, Fish Farming, Livestock Monitoring, Smart Greenhouse, and Others), By Software Type (Local/Web Based and Cloud Based), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Financial Management, Feeding Management, Milk Harvesting, Water Quality Management, and Others), By Services (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services and Professional Services), By Solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Weather Management, and Others) and Geography

 

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Report

Description

The global smart agriculture market estimated to be valued US$ 15.40 Bn in 2021 and poised to grow at significant CAGR of 10% to reach USD 30.01 Bn by 2028 owing to growing demand for the high food production and the rise in need of livestock health and performance monitoring coupled with increasing support by the government in the adoption of modern agriculture techniques are the major factors that are driving the growth of the smart agriculture market. However, the high cost of devices that are used in the smart agricultural practices and lack of awareness among the farmers. Global market report gives comprehensive outlook on smart agriculture across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global smart agriculture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). The COVID-19 pandemic is expected to have a minor impact on the smart agriculture market in 2020, as movement restrictions and lockdowns have caused supply chain disruptions. However, the use of remote monitoring technology and farm management software tools could lead to higher adoption during the post-COVID-19 period. COVID-19 has wreaked havoc on the supply chains of several smart agricultural verticals, including precision farming, livestock monitoring, aquaculture, greenhouses, and forestry. Using innovative technologies, the companies are looking into new ways to communicate with growers and farmers.

Smart Agriculture Market

MARKET SUMMARY
-
10% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 10%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Smart Agriculture Market

  • The report on global Smart Agriculture Market gives historical, current, and future market sizes (US$ Bn) on the basis of agriculture type, software type, application,services, solution and geography.
  • Smart Agriculture Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global smart agriculture market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global smart agriculture products
Key Players
  • AGCO Corporation.
  • Raven Industries Inc.
  • Precision Planting LLC.
  • Ag Leader Technology, Inc.
  • SST Development Group, Inc.
Dynamics

Smart Agriculture Market

The growth of the precision farming is owing to its benefits such as delivery of precise amount of nutrients, pesticides, and water is made used for producing high yield. Apart from aforementioned dynamics, in precision farming, the amount of fertilizers and water used in yielding the crop is optimized with the help of sensing and the monitoring devices expected to fuel the global market over the forecast years. By application, yield monitoring segment has accounted for highest revenue share in the global market.


North-America got significant share

Smart Agriculture Market

Americas accounted for larger revenue share in global smart agriculture market with significant CAGR due to adoption of novel technologies in the market and presence of large of market players in the region coupled with companies launching innovative products into the market by spending extensively on research and development. Asia Pacific region is expected to grow at highest CAGR owing to increasing demand for food and other dairy products. Europe is projected to offer significant growth over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report


Smart Agriculture Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • AGCO Corporation.
  • Raven Industries Inc.
  • Precision Planting LLC.
  • Ag Leader Technology, Inc.
  • SST Development Group, Inc.
  • The Climate Corporation
  • Ag Junction LLC.
  • SemiosBio Technologies Inc.
  • TOPCON, Trimble Inc.
  • Agribotix LLC.
  • Deere & Company
  • GEA Group
  • Auroras s.r.l.
  • Grownetics, Inc.

Description

The global smart agriculture market estimated to be valued US$ 15.40 Bn in 2021 and poised to grow at significant CAGR of 10% to reach USD 30.01 Bn by 2028 owing to growing demand for the high food production and the rise in need of livestock health and performance monitoring coupled with increasing support by the government in the adoption of modern agriculture techniques are the major factors that are driving the growth of the smart agriculture market. However, the high cost of devices that are used in the smart agricultural practices and lack of awareness among the farmers. Global market report gives comprehensive outlook on smart agriculture across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global smart agriculture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). The COVID-19 pandemic is expected to have a minor impact on the smart agriculture market in 2020, as movement restrictions and lockdowns have caused supply chain disruptions. However, the use of remote monitoring technology and farm management software tools could lead to higher adoption during the post-COVID-19 period. COVID-19 has wreaked havoc on the supply chains of several smart agricultural verticals, including precision farming, livestock monitoring, aquaculture, greenhouses, and forestry. Using innovative technologies, the companies are looking into new ways to communicate with growers and farmers.

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