There are several difficulties that the agricultural and food business must deal with. By 2050, it is expected that there will be almost 9.5 billion people on the planet, which would result in a significant increase in food consumption. Natural resources like clean water and productive land are also become harder to find at the same time. Despite the fact that agricultural output is currently adequate to feed the entire planet, over 600 million people still go hungry. For instance, the patterns of food demand and supply are significantly impacted by the rate of urbanisation. The agricultural sector is still essential for people’s livelihoods and employment. In the world, there are more than 560 million smaller farms, and agriculture and food production employ 26.7% of all workers.
Digital Agriculture Market Report Scope and Research Methodology:
The research provides an in-depth evaluation of the market as well as key stakeholders in the Digital Agriculture industry. The Digital Agriculture Market study includes information on market volume, income, production, and sales. It illustrates the market’s history and current position, as well as predicted trends and market size, in vivid detail. The report used numerous research methodologies, such as interviews and surveys, to fully understand client habits.
The SMR report is the outcome of multiple research approaches, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating Digital Agriculture market size. In the study, these methodologies were used to shed light on the essential financial components that major firms must consider when recognising competitors and formulating market strategies.
Digital Agriculture Market Overview:
Stellar Market Research just released the research Digital Agriculture Market Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study investigates insights within the framework of the Digital Agriculture market, such as its ever-changing trends, industrial environment, and other major market components.
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Digital Agriculture Market size was valued at US$ 16.8 Bn. in 2020 and the total Digital Agriculture revenue is expected to grow at 10.24% through 2021 to 2027, reaching nearly US$ 33.24 Bn.
Digital Agriculture Market Segmentation:
The precision farming category accounted for more than 45% of the digital agriculture market by type in 2020. During the forecast period, this market segment is anticipated to develop at a CAGR of 13.6%. Precision farming is anticipated to expand over time following the COVID-19 pandemic because it enables farmers to monitor the condition of their crops without being physically present in the field through the use of automation. This reduces the need for contact with other people, which is crucial during these times. This farming, as opposed to conventional gardening methods, uses precise proportions of inputs to increase average yields.
These methods reduce the need for fertiliser and pesticide treatment, which saves time and money. They also lessen pollution by using fewer compounds. By installing sensors to measure variables like electrical properties, nitrates, temperature radiation, and leaves and soil moisture, they also assist in the surveillance of soil and plant physical and chemical scenarios, i.e. electrical conductivity, temperature, evaporation and transpiration, radiation, and moisture, so that the ideal conditions for plant growth can be maintained. In a pandemic situation with a labour shortage, these factors aid in increasing productivity with a constrained labour force, ensuring a steady supply of food and so ensuring food security.
Comparable to taking a medication to address a certain ailment is predictive farming. The solutions are extremely individualised, from the sort of crop best suited for a plot to the use of pesticides in particular places. By adjusting the agricultural process to the unique requirements of each plot, precision farming reduces production costs and waste. Utilising technical tools and analytical software, precision farming is made possible. Sensor-equipped equipment placed across the fields are used to precisely perform soil testing, plot surveying, weather pattern analysis, and crop analysis. A highly specific and accurate set of practises may be implemented based on the findings when the data has been calibrated to that conclusion.
Digital Agriculture Market Key Players:
Case IH Agriculture
DTN
Conservis Corporation
Raven Industries
Topcon Positioning Systems
Gamaya SA
Easytosee Agtech
AGCO Corporation
Trimble Inc
AgEagle Aerial Systems Inc.
Bayer CropScience AG
Small Robot Company
Microsoft Corporation
IBM Corporation
Hummingbird Technologies Limited
Deere & Company
Digital Agriculture Market Regional Insights:
The market study examines market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Key Questions answered in the Digital Agriculture Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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