Industry Analysis and Progression: Smart Agriculture Market Size in 2022 was worth US $ 16.49 Bn. at a CAGR of 9.7 % and it is expected to reach US $ 31.52 Bn. in 2029.

Smart Agriculture Market Report Overview

The report provides an analysis of both the current and future conditions in the Smart Agriculture Market, delivering valuable insights and the latest information across essential segments. Within the context of the Smart Agriculture market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Smart Agriculture market, including the projected Smart Agriculture sales during the forecast period.

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Smart Agriculture Market Report Scope and Research Methodology:

The primary goal of the Smart Agriculture market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Smart Agriculture market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Smart Agriculture market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Smart Agriculture market entrants. Moreover, the global report for the Smart Agriculture market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.

Smart Agriculture Market Dynamics:

The use of innovative technology in agricultural products is on the increase: Precision farming also provides information on the amount of irrigation water, liquid fertilisers, nutrients, herbicides, and pesticides required, which reduces resource waste and farming expenses. Two important factors that encourage the use of smart agriculture solutions are enhanced business efficiency through process automation and higher yield at lower farming costs. Precision agricultural advances will make agriculture more profitable than ever before. As a result, business-minded farmers have begun to adopt a variety of precision farming/smart agriculture tools to increase crop yields and profits.

Smart Agriculture Market Regional Insights:

North America had the greatest market share of 45.61% in 2022. Rising government actions and regulations aimed at improving the region's agriculture industry are predicted to boost regional demand throughout the projection period. A consortium of agricultural organisations founded the North America Climate Smart Agriculture Alliance (NACSAA), a platform for educating and equipping growers to increase agricultural productivity in a sustainable manner. Governments in North America are actively providing subsidies to boost the use of smart irrigation in response to growing concerns about water conservation. The state of California, for example, has offered a discount for smart controls.

Smart Agriculture Market Segmentation:

by Agriculture Type
Livestock Monitoring
Precision farming
Fish farming
Smart Greenhouse
others

According to agriculture type, the Livestock Monitoring section had the greatest proportion of 22.04% in 2022. Precision livestock monitoring, which enables for real-time monitoring of livestock health, production, and welfare, can help maintain optimal output. Market players have been advised to focus on new product launches and considerable cost reductions in livestock monitoring management as a result of variables such as increasing dairy farm size and technological advancements such as precision livestock monitoring. Because of its overall contribution, livestock plays an important part in the agriculture industry. It is an important component of poverty-reduction measures, and it can be manufactured quickly because all of the necessary inputs are available in significant quantities throughout the country.

by Offering
Hardware
Software
Service

by Application
Livestock Applications
Fish Farming Application
Precision Farming Application
Smart Greenhouse Application
Others

Based on application, the Precision Farming Applications segment held the largest share of xx% in 2022, with the yield monitoring segment holding the largest share of 44.53%, owing to rising demand for agricultural growth monitoring and reducing overall waste by providing needed water and minerals on time. Yield monitoring enables farmers to gain a better understanding of their fields and crops while establishing site-specific crop management techniques. One of the main advantages of the yield monitoring system is that it displays regional and temporal variability in crop yields.

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Smart Agriculture Market Key Players:

1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere & Company
4. Trimble, Inc.
5. AG Leader Technology
6. Sst Development Group, Inc
7. Agco Corporation
8. The Climate Corporation
9. Precision Planting, Inc.
10.Semiosbio Technologies Inc.
11.DeLaval
12.Antelliq
13.Afimilk Ltd.
14.Raven Industries
15.AgJunction
16.Argus Control Systems Ltd.
17.Agribotix LLC
18.Autonomous Solutions, Inc.
19.CNH Industrial
20.CLAAS
21.CropZilla Software, Inc.

Key Offerings:

  • Past Market Size and Competitive Landscape (2023-2029)
  • Past Pricing and price curve by region (2023-2029)
  • 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 segments and their sub-segments
  • 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

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