Smart Agriculture Market Growth or Demand Increase or Decrease for What Includes:
The Smart Agriculture Market is expanding rapidly due to the increased usage of innovative technologies in the agriculture sector. Precision farming, remote sensing, and IoT (Internet of Things) devices have all been integrated into farming operations, revolutionising the industry. These technologies enable farmers to monitor crop conditions, optimise irrigation systems, and effectively manage resources. Furthermore, rising global population and food demand have prompted the use of novel farming practices to increase productivity and sustainability. Farmers benefit from smart agriculture in a variety of ways, including increased production, decreased waste, more effective resource usage, and higher profitability.
Furthermore, government support for modernising agricultural techniques is fuelling market expansion. Various programmes, such as subsidies for smart agricultural tools and equipment, are pushing farmers to use these technology. Given these considerations, the smart agriculture market is likely to increase significantly during the forecast period (2024-2030).
Smart Agriculture Market CAGR Estimation:
- Market Size in 2023: US$ 17.81 Billion
- Forecast Period: 2024-2030
- CAGR: 12.8%
- Projected Market Size by 2030: US$ 41.38 Billion
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Smart Agriculture Market Segmentation:
by Agriculture Type
Livestock Monitoring
Fish Farming
Smart Greenhouse
Others
by Application
Livestock Application
Fish Farming Application
Smart Greenhouse Application
Others
Based on Agriculture Types, livestock monitoring or precision livestock farming uses IOT (Internet of Things) devices used to track and monitor the health of livestock, most typically cattle. Livestock farming offers numerous purposes, including food, wool, leather, and other items.
Fish Farming: Fish farming is a type of aquaculture in which fish are bred in enclosures to be sold as food. Fish is an important source of protein for the growing population, particularly in developing countries like Africa, Asia, and South America. Fish farming in many locations is impeded by antiquated technology, a scarcity of high-quality fish seed, a lack of staff, and the high cost of aquaculture operations.
Smart Agriculture Market Overview:
The smart agriculture market is experiencing robust growth due to the adoption of advanced technologies like precision farming, IoT devices, and remote sensing. These innovations enhance farming efficiency by monitoring crop conditions, optimizing irrigation, and improving resource management. Factors driving this growth include increasing global food demand, government support through subsidies, and the need for sustainable farming practices.
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Smart Agriculture Market: Which Regions are Experiencing Growth or Increased Demand?
The North American region dominated the market in 2023, with greater use of variable rate technology and smart irrigation controllers, as well as AI-based farm analytics services, being among the key drivers driving its expansion. The rising demand for livestock and aquaculture farm automation in this region is expected to drive the growth of the smart agriculture market. Farmers’ associations and community-based organisations play critical roles in promoting sustainable agriculture in each country.
However, the Asia-Pacific region is predicted to develop during the forecast period (2024-2030). Rising government activity and laws to promote the region’s agriculture industry are expected to boost regional demand. However, the lack of awareness and the high capital cost associated with smart agriculture are holding back the Asia Pacific area.
Furthermore, the increasing usage of technologies such as the Internet of Things (IoT) and artificial intelligence (AI) in agriculture is expected to give lucrative prospects for the smart agriculture market in this area.
Smart Agriculture Market Scope and Methodology:
The Global Smart Agriculture Market study includes detailed analysis. It provides an overview of the key local markets and their potential growth over the forecast period, as well as inearch thoroughly expsights on current market trends.
The reslores major market determinants, constraints, vendor possibilities and challenges, and the competitive landscape to help stakeholders make better decisions for increased profits. In addition to pricing data, major competitors, and regional analysis, the Smart Agriculture market research covers international regions and nations, providing information on their growth status, market size, volume, and value.
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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.
List of Contents : Smart Agriculture Market
Part 01: Executive Summary
Part 02: Scope of the Smart Agriculture Market Report
Part 03: Smart Agriculture Market Landscape
Part 04: Smart Agriculture Market Sizing
Part 05: Smart Agriculture Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key questions answered in the Smart Agriculture Market are:
• What is Smart Agriculture?
• What is the growth rate of the Smart Agriculture Market?
• Which are the factors expected to drive the Smart Agriculture market growth?
• What are the different segments of the Smart Agriculture Market?
• What growth strategies are the players considering to increase their presence in Smart Agriculture?
• What are the upcoming industry applications and trends for the Smart Agriculture Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Agriculture Market?
• What major challenges could the Smart Agriculture Market face in the future?
• What segments are covered in the Smart Agriculture Market?
• Who are the leading companies and what are their portfolios in Smart Agriculture Market?
• What segments are covered in the Smart Agriculture Market?
• Who are the key players in the Smart Agriculture market?
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