Global Smart Agriculture Market Size and Revenue Forecasts
The report on the Global Smart Agriculture Market initially offers an in-depth overview of the Smart Agriculture Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
The global smart agriculture market size was USD 18.65 Billion in 2022 and is expected to register a revenue CAGR of 13.1% during the forecast period according to the latest analysis by Emergen Research. Increasing agricultural productivity across the globe is a key factor driving revenue growth of the market. Rising automation of commercial greenhouses is a major trend that is expected to provide growth opportunities in the global market. Commercial greenhouse construction has resulted from cultivators realizing the potential advantages of growing plants in a greenhouse. Cultivators have turned away from conventional lighting systems due to the ease with which Light-Emitting Diode (LED) grow lights can be included into a Common Event Adapter (CEA) setup. Despite being expensive, LED grow lights are the best choice for indoor farming due to their long-term advantages in terms of energy efficiency. In order to assist growers in automatically obtaining information on livestock in real-time, key technologies driving revenue growth of the market include Global Positioning System (GPS), Radio Frequency Identification (RFID), and biometrics for livestock. In addition, vibrations and material conditions in factories, farms, bridges, and other infrastructure are monitored by infrastructural health sensors. Infrastructure health sensors support real-time information delivery to the maintenance team when combined with an intelligent network. Agricultural robots are also being deployed to automate a variety of farming tasks, including soil upkeep, weeding, fruit picking, reaping, fertilizing, grading, and irrigation.
The report highlights the current impact of COVID-19 on the Smart Agriculture market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Smart Agriculture according to the impact of COVID-19.
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Smart Agriculture market expected to boost the growth of the industry in the coming years.
Smart Agriculture Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2032)
Aquaculture
Precision Farming
Greenhouse
Livestock
Component Outlook (Revenue, USD Billion; 2019–2032)
Service
Support & Maintenance
Consulting
System Integration & Deployment
Connectivity Technology
Global Navigation Satellite System
Wireline
Cellular IoT
SIGFOX
Wi-Fi
Others
Solution
Software
Irrigation Management
Network Management
Agriculture Asset Management
Hardware
Sensors & Control Systems
LED Grow Lights
HVAC System
Valves & Pumps
Others
Regional Outlook (Revenue, USD Billion; 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Turkey
Rest of MEA
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Smart Agriculture market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Agco Corporation, Deere & Company, Trimble Inc., Topcon Positioning Systems, Inc., Afimilk Ltd., Agjunction Inc., Delaval Inc., Ageagle Aerial Systems Inc, Lumigrow Inc., Raven Industries Inc.
Regional Landscape section of the Smart Agriculture report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Smart Agriculture market throughout the forecast period?
What are the current and future market trends of the Smart Agriculture market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
Highlights of Table of Contents (TOC):
Overview of Global Smart Agriculture Market
Competitive analysis of the Smart Agriculture market
Regional analysis of Global Smart Agriculture market production and revenue
Regional analysis of Global Smart Agriculture market supply, consumption, and export & import
Type-based market analysis of global Smart Agriculture production, revenue, and price trends
Application-based analysis of the global Smart Agriculture market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Smart Agriculture market
Conclusion of the research report
Appendix
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