Smart Agriculture Market Overview
The Smart Agriculture Market size was valued at US$ 16.50 Bn in 2023. The Global Smart Agriculture Market is estimated to grow at a CAGR of 9.3% over the forecast period.
Smart farming is a management concept that focuses on providing the framework for the agricultural business to employ sophisticated technologies such as big data, the cloud, and the internet of things (IoT) to the trajectory, observe, mechanise, and analyse actions. From a service and product position, smart agriculture is undergoing fast evolution. Transformations in business models, technology upheavals, and organisational shifts are all generating an exciting but difficult opportunity.
Market Forecast and Key Dynamics:
The key factors projected to boost the smart agriculture market growth in the coming years are a significant increase in the level of adoption of Artificial Intelligence and the Internet of Things by growers and farmers, as well as a growing focus on disease detection and livestock monitoring to improve farming efficiency. Increased government support for the adoption of modern agriculture practices, as well as rising demand for agricultural goods due to population increase, are likely to promote growth shortly.
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Smart-Agriculture-Market/462
Smart Agriculture Market Regional Insights
The Asia Pacific region dominated the market with a 46% share in 2023. Because APAC includes rising countries such as India, China, and Southeast Asia, the adoption rate of smart agriculture technology is likely to increase rapidly. Some of the primary motorists driving the growth of the smart agriculture market in this region include the increased usage of variable rate technology and smart irrigation controllers, as well as AI-based farm analytics services. The growing demand for livestock and aquaculture farm automation in this area is predicted to fuel the expansion of the Asia Pacific smart agriculture market. Farmers associations and community-based organisations play an important role in promoting sustainable agriculture in each country. Singapore’s market is likewise likely to expand significantly, as imports account for 91% of the country’s overall food consumption.
Smart Agriculture Market Segmentation
By Type, the market is segmented as Precision Farming, Livestock, Aquaculture, Greenhouse and Others. The Precision Farming segment dominated the market with a 38.8% share in 2023. Advancements in software and hardware technology in the agriculture sector, such as sensors, robotic automation, and others, are raising precision farming demand. Precision farming trusts deeply on particular equipment including devices, antennas, and access points, as well as automation and control schemes. The application of information technology to the assessment of fine-scale animal and physical resource variability to better management techniques for economic, social, and environmental farming is driving the growth of segment in the smart agriculture market.
Smart Agriculture Market Key Players
John Deere (US)
Trimble (US)
Topcon Positioning Systems (US)
DeLaval (Sweden)
AKVA(Norway)
Antelliq (France)
Afimilk (Israel)
InnovaSea Systems (US)
Heliospectra (Sweden)
LumiGrow(US)
Raven Industries (Sioux Falls, SD)
Precision Planting (US)
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/Smart-Agriculture-Market/462
Key questions answered in the Smart Agriculture Market are:
- What is Smart Agriculture?
- What was the Smart Agriculture market size in 2023?
- 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 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?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
