The key objective of the Emergen Research report is to offer a complete assessment of the global market including major leading stakeholders of the Smart Agriculture Market. The research study presented in this report offers complete and intelligent analysis of the competition, segmentation, dynamics, and geographical advancement of the global Smart Agriculture market. It takes into account the CAGR, value, volume, revenue, production, consumption, sales, manufacturing cost, prices, and other key factors related to the global Smart Agriculture market.
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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.
Market measuring methodologies provide an assessment of the market's strengths, weaknesses, opportunities, and threats. It also elucidates the bargaining power of suppliers and consumers. The paper investigates the current political circumstances that are expected to influence pricing, import and export in the global Smart Agriculture industry. Furthermore, it discusses the profitable opportunities that exist in the general industry that firms can focus on to make their mark.
Scope of the Report
The market research report on Smart Agriculture market segmentation. The global market is divided into product type, application, and region. Each section provides a thorough examination of the factors that are expected to drive and constrain it. Furthermore, the research study evaluates new global market trends that will benefit each category over the next few years.
Analysts investigated the competitive landscape in the global Smart Agriculture market. The chapter on company profiles examines the major players in the global Smart Agriculture market. It provides critical information on the market's major objectives and their forecast for the coming years.
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Competitive Landscape:
The most recent study offers a thorough analysis of the worldwide Smart Agriculture market broad competitive landscape, placing special emphasis on the major market competitors and their company profiles. The research has addressed a wide range of strategic actions done by these organisations, including new business deals, mergers and acquisitions, collaborations, joint ventures, technical advancement, and recent product introductions. The competitive environment of the market is examined in the research in several ways, including the regulatory standards and policies put in place recently across the sector. In order to provide a thorough overview of the global Smart Agriculture market and identify the primary growth trends, our team of specialists has made use of many potent analytical methodologies, including Porter's Five Forces analysis and SWOT analysis.
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.
In market segmentation by geographical regions, the report has analysed the following regions
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Global Smart Agriculture Market Segmentation by Regions:
The countries covered in the regional analysis of the Global Smart Agriculture Market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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
- Software
- Service
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
- North America
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The research provides answers to the following key questions:
- What will be the growth rate of the Smart Agriculture market for the forecast period?
- What will be the market size during the estimated period?
- What are driving forces keeping the prospects of the Smart Agriculture market across different countries high?
- Who are the prominent market players and what is their approach to stay competitive?
- What are some of the key trends in the Smart Agriculture industry?
- What are the major challenges expected to growth of the industry in the coming years?
- What opportunities can the business owners bank on to generate more profits and reduce cost?
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