Press release

Smart Agriculture Market Business Opportunities, Growth Rate And Feasibility Studies by 2030

Smart Agriculture Market Business Opportunities, Growth Rate And Feasibility Studies by 2030

 

 
Smart Agriculture Market was valued at US$ 17.81 Billion 2023 and market revenue is growing at a CAGR of 12.8% from 2024 to 2030 reaching nearly US$ 41.38 Billion by 2030.

Smart Agriculture Market Overview

The growing use of cutting-edge technology in the agriculture industry is driving substantial growth in the smart agriculture market. Farming techniques have been revolutionised by the integration of numerous digital solutions, including remote sensing, precision farming, and IoT (Internet of things) devices. Farmers can monitor agricultural conditions, improve irrigation systems, and properly manage resources with the use of these technology. In addition, the need to feed the growing world population has made it necessary to apply novel farming methods in order to increase sustainability and production. Increased production, decreased waste, effective resource utilisation, and enhanced farmer profitability are just a few advantages of smart agriculture.

Smart Agriculture Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Smart Agriculture industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Smart Agriculture Market Dynamics

1. The need to produce more food efficiently is expanding as the world's population continues to rise. Utilising smart agricultural technologies helps to maximise output and resource efficiency.

2. Adoption of priceless agricultural practices is required due to the scarcity of arable land, water, and other resources in order to maximise yields and minimise waste.

3. Adaptive farming techniques are necessary due to unpredictable weather patterns and shifting climatic conditions. Real-time monitoring and data-driven insights are provided by smart agriculture to help it adapt to changing conditions.

4. The agriculture sector is experiencing a labour shortage in many locations. This problem is lessened in smart agriculture by automation and robotics, which carry out activities including crop planting, harvesting, and crop monitoring.

The agricultural industry is made up of numerous small businesses that provide solutions for different stages of the agricultural value chain rather than a limited number of dominant firms. It is challenging for farmers to attain economies of scale by implementing solutions that address a portion of the agricultural process. For example, lowering the cost of irrigation or transportation by itself won't go a long way towards increasing return on investment (ROI).

In order to develop and transform the current field infrastructure setup and implement a strong and long-lasting IoT ecosystem, farmers must provide a sizeable initial investment. Farmers in developing nations like China, Brazil, and India face significant challenges due to the high cost of implementing such intelligent technologies.

Smart Agriculture Market Segmentation

by Agriculture Type

Livestock Monitoring
Fish Farming
Smart Greenhouse
Others

According to agriculture types, IOT (Internet of Things) enables devices used to track and monitor the health of animals, most often cattle. Precision livestock farming, or livestock monitoring, Livestock husbandry provides a variety of goods, such as food, wool, leather, and other items.

Fish farming is a type of aquaculture in which fish are bred in enclosures with the goal of selling them as food. A significant source of protein for the growing population is fish, particularly in emerging nations like South America, Asia, and Africa. Many places have outdated technology, a shortage of high-quality fish seed, labour costs associated with aquaculture operations, and other obstacles that hinder fish farming.

by Application

Livestock Application
Fish Farming Application
Smart Greenhouse Application
Others

by Offering

Software
Hardware

To access more details regarding this research, visit the following webpage: https://www.maximizemarketresearch.com/request-sample/1871/

Smart Agriculture Market Key Players

1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere & Company
4. AG Leader Technology
5. Sst Development Group, Inc
6. Precision Planting, Inc.
7.. Semiosbio Technologies Inc
8. DeLaval
9. Raven Industries
10. CropZilla Software, Inc.
11. Topcon Positioning Systems (US),
12. AKVA Group (Norway),
13. Allflex Livestock Intelligence (US),
14. Innovasea Systems Inc. (US),
15. Afimilk Ltd. (Israel),
16. Heliospectra AB (Sweden)
17. TeeJet Technologies
18. BouMatic
19. Granular, Inc
20. Climate Corporation.

To Learn More About This Study, Please Click Here: https://www.maximizemarketresearch.com/market-report/smart-agriculture-market/1871/

Regional Insights:

The global Smart Agriculture market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Smart Agriculture Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Smart Agriculture to bolster military capabilities.

Key Questions answered in the Smart Agriculture Market Report are:

How has the Smart Agriculture market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Smart Agriculture market?
What is the regional breakup of the global Smart Agriculture market?
What are the price trends of various feedstocks in the Smart Agriculture industry?
What is the structure of the Smart Agriculture industry and who are the key players?
What are the various unit operations involved in a Smart Agriculture processing plant?
What is the total size of land required for setting up a Smart Agriculture processing plant?
What is the layout of a Smart Agriculture processing plant?
What are the machinery requirements for setting up a Smart Agriculture processing plant?
What are the raw material requirements for setting up a Smart Agriculture processing plant?
What are the packaging requirements for setting up a Smart Agriculture processing plant?
What are the transportation requirements for setting up a Smart Agriculture processing plant?
What are the utility requirements for setting up a Smart Agriculture processing plant?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Smart Agriculture
Landscape- Leading key players and other prominent key players.
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