Smart Farming Market Growth, Trends, Revenue, Size, Future Plans and Forecast 2029

Smart Farming Market reached a value of US $ 12.01 Mn. in 2022. Natural Gas is one of the dominating segment of the Global Smart Farming Market.

Market Overview:

The objective of this comprehensive study is to provide a detailed analysis of the Smart Farming market industry, encompassing market segmentation by segments and geographical regions. The report includes crucial insights into the market positions of the leading Smart Farming companies, while also highlighting significant industry trends and potential opportunities.

This study further comprises company profiles, product images, specifications, production capacity, pricing, cost structures, revenue figures, and contact details for the prominent players in the Global Smart Farming market. It conducts a thorough examination of global, regional, and corporate market trends, including volume and value assessments. Additionally, historical data is scrutinized and combined with estimations to present a holistic view of the Smart Farming Market Size on a global scale.

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Market Scope:

Following rigorous market engineering, which involved statistical computations, market size estimations, projections, breakdowns, and data triangulation, we conducted extensive primary research to gather, verify, and validate key data. Throughout the market engineering process, both top-down and bottom-up approaches were employed, alongside various data triangulation techniques, to generate market assessments and forecasts for the entire range of market segments and sub-segments within the Smart Farming market. To provide essential insights in the report, comprehensive qualitative and quantitative analyses were conducted on all data collected during the market engineering process.

The market size was validated using both top-down and bottom-up approaches, considering the sale price (excluding any discounts offered by manufacturers, distributors, wholesalers, or traders). We applied weights based on usage rates and average sale prices to each segment, enabling the generation of percentage splits, market shares, and segment breakdowns. The regional divisions of the overall market and its sub-segments were determined based on the percentage adoption or usage of the specified market size in each relevant area or nation.

Drivers:

The use of artificial intelligence, analytics, sensors, and other emerging technologies in farming to boost yields, as well as improve the efficiency of water and other essentials, and shape sustainability for crop cultivation, is driving the growth of the smart farming market globally. Almost 25% of greenhouse gas emissions are caused by farming, forestry, and land usage for environmental preservation. The farming industry needs to be modified as part of the climate change response. The size, speed, and productivity of agricultural tools have increased thanks to modern technology and machinery, enabling extremely effective land cultivation. Additionally, improvements in seed, irrigation, and fertilizers aid farmers worldwide in raising food yields.

Segmentation:

by Farming Type

Precision Farming
Livestock Monitoring
Smart Greenhouse
Others

by Offering

Hardware
Software
Services

by Application

Irrigation Management
Yield Monitoring
Crop Scouting
Field Mapping
Weather tracking and forecasting
Inventory Management
Farm Labor Management

Key Players:

The Smart Farming industry has seen notable inorganic growth strategies, including acquisitions, partnerships, and collaborations. Given the rising demand, companies in the Smart Farming market are expected to capitalize on excellent growth opportunities. Some of the key players in the global Smart Farming industry include:

1. John Deere
2. Trimble
3. Topcon Positioning Systems
4. DeLaval
5. AKVA
6. Antelliq
7. Afimilk
8. InnovaSea Systems
9. Heliospectra
10. LumiGroW
11. InnovaSea Systems
12. ABACO
13. Treemetrics
14. Raven Industries
15. AG Leader Technology
16. The Climate Corporation

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Regional Analysis:

After a comprehensive analysis of the political, economic, social, and technological factors impacting the Smart Farming market across different regions, this report presents a detailed PESTLE analysis for the five major areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Smart Farming Market:

The COVID-19 pandemic has significantly altered consumer behavior across all segments of society, prompting industries to adapt and revise their strategies to meet evolving market demands. This report provides an extensive overview of the impact of COVID-19 on the Smart Farming market and offers insights to guide businesses in aligning with the new industry standards.

Key Questions Answered in the Smart Farming Market Report:

What is the projected CAGR of the Smart Farming market during the forecast period?
Which market category emerged as the leader in the Smart Farming industry?
Who are the primary participants in the Smart Farming market?
What is the anticipated size of the Smart Farming market by 2027?
Which company dominates the Smart Farming industry in terms of market share?

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