Farmers can determine the exact quantity of nourishment crops required to improve production by accessing real-time data about weather, yields, and soil quality with smart agriculture. It is a farming method that uses information technology to manage, analyse, and identify variability on a farm to increase crop production while reducing human effort.
With smart agriculture systems, farmers may use advanced automation techniques to cut labour and materials costs. Smart farming approaches use sensors and monitoring equipment to help farmers make better decisions regarding water management, soil management, inventory control, and harvesting schedules.
Irrigation control, management of water resources, crop planting, and production monitoring are all examples of smart agriculture applications. The use of smart agriculture in yield monitoring will allow users to map and record agricultural output and humidity information in real-time, allowing them to assess how often the crop fared quickly.
Get a free sample copy of this report @ https://straitsresearch.com/report/smart-agriculture-market/request-sample
Make your own feed for pigs, rabbits, chickens, ducks and cattle
Surging adoption of advanced technologies and Internet of Things (IoT) in agricultural products to drive the smart agriculture market
Modern agricultural technologies, including data management software, GPS, yield mapping software (YMS), variable rate technology (VRT), and mapping software, help enhance profit growth and soil fertility while lowering farming costs and promoting sustainable agriculture.
Growing business productivity through automated procedures and more great yield with lower farming costs are two important characteristics of smart agricultural technologies.
Smart agriculture techniques are intended to make agribusiness more profitable than ever before. As a result, business-minded farmers have begun to employ a variety of smart agricultural instruments to boost crop yields and profits. Thus, over the projected period, the global smart agriculture market will most likely be driven by business-oriented farmers’ increasing adoption of new technology in farm products.
Farmers benefit from the expanding usage of IoT technology in agriculture by receiving real-time help through IoT applications. Traditional agriculture practices with IoT applications save time and money by reducing the time and money spent on farming resources such as land, energy, and water, allowing farmers to focus on providing high-quality food to their customers.
Farmers can respond to substantial changes in air efficiency, humidity, and weather thanks to the agricultural sector’s extensive use of IoT technology. It uses various management tools and technologies, visualisation, and data analytics to automate traditional farming procedures. By preserving energy and water resources through sophisticated, sustainable solutions, IoT technology in agriculture boosts farm output while cutting carbon emissions.
As a result, increased adoption of the Internet of Things (IoT) in the agriculture sector is expected to fuel global market growth throughout the forecast period.
|Market Size||USD 36.24 Billion by 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Agriculture Type, By Offering, By Regions|
|Geographies Covered||North America, Europe, Asia-Pacific, LAME and Rest of the World|
|Key Companies Profiled/Vendors||Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA, CropZilla, John Deere, etc.|
|Key Market Opportunities||Agritech Startups Increased the Adoption of Smart Agricultural Practices|
|Key Market Drivers||Surging Adoption of Advanced Technologies in Agricultural Products|
Surging Adoption of Internet of Things (IoT) in Agriculture
Buy now full report @ https://straitsresearch.com/buy-now/smart-agriculture-market
Agritech startups to create growth opportunities
Artificial intelligence (AI) and the Internet of Things (IoT) in agriculture have increased significantly with the global pandemic. Agritech startups are bringing fresh perspectives to the table. They’re using a combination of remote sensing, data analytics, IoT, and AI to provide farmers with quick solutions to their problems. These inventions aided in the establishment of technologies that allow growers to choose their marketplace and sell their commodities at higher rates within the COVID-19 limitations.
As per the Federation of Indian Chambers of Commerce and Industry (FICCI), India has around 450 Agritech companies, and the sector is growing at a rate of 25% per year. Farmers, particularly in countries like India, are held to high standards. Agricultural startups have created precision-based seeding systems. AI-based tools can help forecast weather trends and determine the optimal moment to plant the seed for more impressive results and less waste. The outbreak has provided a new chance for Agritech firms to grow and aid farmers with their problems.
Impact of COVID-19
The smart agricultural market was predicted to decline in 2020 due to the spread of COVID-19. The outbreak had a negative impact on the supply chain because some of the prominent participants in the smart agricultural business are located in the United States and China, and the outbreak the hardest hit these countries in the first half of 2020.
Major smart agricultural enterprises such as AKVA Group, The Climate Corporation, DeLaval, Ponsse, and John Deere discontinued their regular commercial activity in the first half of 2020. At the end of the second quarter of 2020 (June), companies were hit the worst when broad portions of North America and Europe were entirely shut down.
In the second half of 2020, the smart agricultural industry began to acquire traction due to new orders and contracts. The market was expected to recover in 2021 due to rising demand for equipment and automation products in various applications such as horticulture, smart greenhouses, precision forestry, precision livestock, and precision farming. As a result, demand for automation and the adoption of new technology in agriculture is expected to propel the smart agriculture market ahead.
For the global smart agriculture market, the post-pandemic period will be critical. Due to a shortage of trained farmers willing to apply sophisticated technology and the high initial cost of adoption, the market’s growth is anticipated to be impeded. Factors such as the increased usage of new technologies such as AI and IoT, on the other hand, will likely continue to drive market expansion over the projection period.
Get a free sample copy of this report @ https://straitsresearch.com/report/smart-agriculture-market/request-sample
A New Flagship for Digital Agriculture
With a 30 liter spraying tank, the DJI Agras T30 takes aerial spraying efficiency to new heights. A revolutionary transforming body enables more effective spraying, especially for fruit trees. Using DJI digital agriculture solutions, the T30 helps reduce fertilizer use and increase yield with effective, data-driven best practices.
North America, Europe, Asia-Pacific, South America, the Middle East, and Africa make up the market’s five regions. North America and Europe are the two most important markets for smart agriculture. The most prominent smart agriculture market is expected to be North America. Over the projected period, increased government operations and regulations to boost the region’s agriculture business will stimulate regional demand in North America.
Europe is expected to be the second-largest smart agriculture market, with an expected market value of USD 9,701 million by 2030. Regional demand is likely to be driven by expanding support from regional authorities in Germany, France, Italy, and the United Kingdom and increased awareness among business-oriented farmers during the projection period.
The Asia-Pacific region is likely to occur as one of the fastest-growing regional markets. The growing need for aquaculture and livestock farm automation in this area is expected to fuel the expansion of the Asia-Pacific smart agriculture market. The South American market is likely to be driven by the rising investments and government support to adopt smart agriculture practices during the forecast period.
- The global smart agriculture market was valued at USD 14,400 million in 2021 and is anticipated to register a CAGR of 10.80% by 2030.
- By agriculture type, the precision farming agriculture type segment is expected to reach USD 15,661 million by 2030.
- By offering, the hardware offering segment is expected to reach USD 22,211 million by 2030.
- The global smart agriculture market is geographically divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America and Europe were the two significant regional markets in 2021.
Competitive players in the global smart agriculture market
- Ag Leader Technology
- AGCO Corporation
- AgJunction Inc
- AgEagle Aerial Systems Inc
- Autonomous Solutions
- Argus Control Systems Ltd
- BouMatic Robotic BV
- CLAAS KGaA
- John Deere
- DeLaval Inc
- Farmers Edge Inc
- Grownetics, Inc
- Granular, Inc
- GEA Group Aktiengesellschaft
- Raven Industries
- SST Development Group Inc
- Trimble Inc
- The Climate Corporation
Unmanned aerial vehicle (UAV), 10km range
Global Smart Agriculture Market: Segmentation
By agriculture type
- Precision farming
- Livestock monitoring
- Smart greenhouse
- Automation and Control System
- Application Control Devices
- Guidance System
- Remote Sensing
- Driverless Tractors
- Mobile Devices
- Wireless Modules
- Sensing Devices
- Soil Sensor
- Water Sensor
- Climate Sensor
- Milking Robots
- HVAC Systems
- Grow Light
- RFID Tags and Readers
- Wireless Modules
- Automation and Control System
- System Integration and Consulting
- Maintenance and Support
- Managed Services
- Assisted Professional Service
- North America
- South America
- The Middle East and Africa
TABLE OF CONTENT
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Smart Agriculture Market
4.3 Key Market Trends
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
220.127.116.11 North America
18.104.22.168 Central and South America and the Caribbean
22.214.171.124 The Middle East and Africa
Main performances and features
(1). Simple structure and wide applicability. Small cover and low noise
(2). With wheels , easy to move , suit for fish ,pig ,poultry and cattle.
(3) Power feed and grass power can be made into pellet with only some liquid. Therefore, the water containing rate of pellet feed is the same as before when it is made into the pellet, which means that it is more conductive to storing.
(4) Pellets made by this machine are with high hardness, smooth surface and full of internal curing, which can not only improve digestion and absorption of nutrition but also kill the general pathogenic microorganisms and parasites. They can be used for feeding rabbits, fish, ducks, cattle, sheep and pigs, which have a higher economic benefit compared with mixed power feed.
5 Agriculture Type Overview
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Precision farming
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Livestock monitoring
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Smart greenhouse
5.4.1 Market Size & Forecast (Value & Volume)
5.5.1 Market Size & Forecast (Value & Volume)
6 Offering Overview
6.1.1 Market Size & Forecast (Value & Volume)
6.2.1 Market Size & Forecast (Value & Volume)
6.3.1 Market Size & Forecast (Value & Volume)
6.4.1 Market Size & Forecast (Value & Volume)
7. Regional Overview
7.1.1 Market Size & Forecast (Value & Volume)
7.2 North America
7.2.1 Economic Overview
7.2.2 Market Scenario
7.3 Central and South America and the Caribbean
7.3.1 Economic Overview
7.3.2 Market Scenario
7.3.6 Rest of Central and South America and the Caribbean
7.4.1 Economic Overview
7.4.2 Market Scenario
7.4.5 The UK
7.4.7 The Rest Of Europe
7.5 Asia-Pacific (APAC)
7.5.1 Economic Overview
7.5.2 Market Scenario
7.5.7 South Korea
7.5.8 Rest Of APAC
7.6 Middle East
7.6.1 Economic Overview
7.6.2 Market Scenario
7.6.3 South Arabia
7.6.4 The UAE
7.6.8 The Rest Of Middle East
7.7.1 Economic Overview
7.7.2 Market Scenario
7.7.4 South Africa
7.7.5 The Rest Of Africa
8 Competitive Landscape — Manufacturers & Suppliers
8.1 Competition Dashboard
8.2 Industry Structure
8.3 Ag Leader Technology
8.3.1 Business Overview
8.3.2 Financial Performance
8.3.3 Recent Developments
8.4 AGCO Corporation
8.5 AgJunction, Inc.
8.6 AgEagle Aerial Systems Inc.
8.7 Autonomous Solutions
8.8 Argus Control Systems Ltd
8.9 BouMatic Robotic B.V.
8.11 CLAAS KGaA
8.13 John Deere
8.15 DeLaval Inc
8.16 Farmers Edge Inc
8.17 Grownetics, Inc.
8.18 Granular, Inc.
8.20 GEA Group
8.22 Raven Industries
8.23 SST Development Group, Inc,
8.24 Trimble Inc.
8.25 The Climate Corporation
9.Conclusion & Recommendation
10. Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/smart-agriculture-market/toc
- In March 2021, DeLaval launched the RC550 and RC700 robot collectors, designed to improve cow comfort and, in particular, hoof condition without using water, helping to conserve water.
- In December 2020, Nokia and the Vodafone India Foundation announced new smart agriculture as a service solution that uses multiple sensors to help Indian farmers increase their production.
- In November 2020, John Deere, a major player in the smart agriculture market, launched AutoPath, a new precision agricultural application that assists capture precise data irrespective of machine type or width.
- In December 2019, CropMetrics, a leader in precision irrigation analytics and software, partnered with The Climate Corporation to improve farm water management data communication.
- In November 2019, Trimble Inc., a primary contestant in the smart agricultural sector, introduced the GFX-350. This Android-based display can be used to operate and supervise farm auto-steering applications and provide correct results.
Smart Agriculture Market to Expand at a Remarkable Impressive CAGR during Forecast Period
The Ability to Provide Better Production Yield to Boost the Global Agriculture Drones Market
Rising Popularity of Precision Farming to Drive Growth of Farm Management Software Market
Agriculture waste is anticipated to be the wide used feedstock in biomethane market
Related research report
Agriculture Drones Market: Information by Application (Horticulture), Farm Production (Nursery), Deployment (Outdoor), Product Offering (Services), and Region — Forecast till 2029
Agriculture Precision Market: Information by Component (Hardware and Software), Technology (GIS, Telematics), Application (Yield Monitoring, Crop Scouting), and Region — Forecast till 2026
Synoptic Weather Stations Market: Information by Solution (Software, Hardware), End-User (Aviation and Transportation, Agriculture, Power and Energy), and Region — Forecast till 2030
Intelligent Irrigation System Market: Information by Type (Soil Moisture & Weather-Based), Sensor and Application (Agriculture and Non-Agriculture), and Region — Forecast till 2026
Electric Utility Vehicle Market: Information by Type (Battery Acid, Gel Lead) Application (Logistics & Delivery Industry, Public Sector, Agriculture), and Region — Forecast till 2026
Agrochemical Market: Informed by Type (Pesticides, Fertilizers, Soil Conditioners), Application (Agriculture, Animal Husbandry, Gardens), and Region — Forecast till 2026
Farm Tractors Market: Information by Design Type (Orchard Tractors, Row-Crop Tractors), Horse Power, Drive Type (Two-Wheeler Drive, Four-Wheeler Drive), and Region — Forecast till 2030
About Straits Research Pvt Ltd
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt Ltd provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognising and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the US)
+91 8087085354 (APAC)
+44 208 068 9665 (the UK)
– Globe Newswire, New York, United States
When you buy something through our retail links, we may earn commission and the retailer may receive certain auditable data for accounting purposes.
You may also like: