The global Smart Agriculture/Farming market was valued at USD 14.6 Bn in 2021 and is anticipated to grow at a CAGR of 10.6% and is expected to reach USD 36.2 Bn by 2030.
The increased adoption of Smart Agriculture/Farming in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Smart Agriculture/Farming also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Smart Agriculture/Farming in many sectors also boosts the market growth during the forecast period.
Smart farming is described as the use of one or more technologies in the farming process to increase efficiency and effectiveness. It is a cutting-edge and revolutionary method of farming that maximises output while minimising human work. Advance technology comprises the use of hardware, services, and software to the farming process. Irrigation management, agricultural scouting, harvesting, sowing, and many more applications are included in the technology.
Smart Agriculture/Farming Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Others), By Farm Size (Small, Medium, Large), By Offering (Hardware, Sensing Devices, Software, Services) and companies (Antelliq, Afimilk, InnovaSea Systems, Heliospectra, and LumiGrow ., John Deere, Trimble, Topcon Positioning Systems, DeLaval, AKVA.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.6%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||36.2 Billion|
|By Type||Precision Farming, Livestock Monitoring, Precision Aquaculture, Precision Forestry, Smart Greenhouse, Others.|
|By Farm Size||Small, Medium, Large.|
|By Offering||Hardware, Sensing Devices, Software, Services.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Antelliq, Afimilk, InnovaSea Systems, Heliospectra, and LumiGrow ., John Deere, Trimble, Topcon Positioning Systems, DeLaval, AKVA.|
The COVID-19 pandemic has had a substantial negative influence on the Smart Agriculture/Farming market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Antelliq, Afimilk, InnovaSea Systems, Heliospectra, and LumiGrow ., John Deere, Trimble, Topcon Positioning Systems, DeLaval, AKVA.
Market Segment Analysis:
- Precision Farming
- Livestock Monitoring
- Precision Aquaculture
- Precision Forestry
- Smart Greenhouse
By Farm Size
- HVAC system
- LED grow lights
- Valves & pumps
- Sensors & control systems
- Sensing Devices
- Soil sensor
- Water sensors
- Climate sensors
- Data services
- Analytics services
- Farm operation services
- Supply chain management services
- Climate information services
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Smart Agriculture/Farming industries in the region.
Key Smart Agriculture/Farming Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Smart Agriculture/Farming Market segments.
– Largest Market Share Held by Industry to Industry for Smart Agriculture/Farming
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Smart Agriculture/Farming Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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