The Global Smart Agriculture Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally the marketing, feasibility of new investment projects are assessed and overall research conclusions offered.
Global Smart Agriculture Market Size in 2021 was worth US $ 15.03 Bn. at a CAGR of 9.7 % and it is expected to reach US $ 31.52 Bn. in 2029.
Smart Agriculture Market Overview:
The smart agriculture market was valued at US$ 15.03 bn. in 2021. The principal elements driving demand are the growing automation of commercial greenhouses and the growing use of the Controlled Environment Agriculture (CEA) concept in greenhouses in order to produce higher yields and maintain optimal growth conditions. Cultivators are becoming more aware of the potential benefits of greenhouse farming, which has resulted in a rise in the number of commercial greenhouses being built. Cultivators have turned their focus away from traditional lighting systems and toward LED grow lights, which are easier to integrate into a CEA setup. Despite their high cost, LED grow lights are regarded suitable for indoor farming due to their long-term energy efficiency benefits.
This Smart Agriculture industry research provided a comprehensive analysis of the worldwide Smart Agriculture Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasising the important trends and possibilities that may develop in the near future and have a favourable influence on overall industry growth.
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Market Scope:
Smart Agriculture Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Smart Agriculture market study also gives information on the leading businesses functioning in the Smart Agriculture industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Smart Agriculture market in both global and regional markets.
The Smart Agriculture market report presents insights into each of the leading Smart Agriculture Market end user along with annual forecasts to 2029. The report provides revenue forecast with sales and growth rate of the global Smart Agriculture Market. Forecasts are also provided for the market's product, application, and geographic segments. Forecasts are produced to help people understand the industry's future outlook and potential.
Segmentation:
the Livestock Monitoring segment held the largest share of 22.04% in 2021. To maintain optimal yields, precision livestock monitoring allows for real-time monitoring of livestock health, production, and welfare. Market players have been recommended to focus on new product launches and significant cost savings related to livestock monitoring management due to factors such as expanding dairy farm size and rising technical breakthroughs, such as precision livestock monitoring. Because of its overall contribution, livestock has a substantial role in the agriculture sector. It is a crucial part of poverty reduction initiatives, and it can be produced fast because all of the necessary inputs are available in sufficient numbers in the country.
Key Players:
The research includes the most recent news and industry developments in terms of Smart Agriculture Market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, and so on. Among the main companies in the Smart Agriculture Market sector are
• Agjunction, Inc.
• Trimble, Inc.
• Deere Company
• Trimble, Inc.
• AG Leader Technology
• Sst Development Group, Inc
• Agco Corporation
• The Climate Corporation
• Precision Planting, Inc.
• Semiosbio Technologies Inc.
• DeLaval
• Antelliq
• Afimilk Ltd.
• Raven Industries
• AgJunction
• Argus Control Systems Ltd.
• Agribotix LLC
• Autonomous Solutions, Inc.
• CNH Industrial
• CLAAS
• CropZilla Software, Inc.
Regional Analysis:
The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across ten key regions.
COVID-19 Impact Analysis on Smart Agriculture Market:
The research details the overall impact of COVID-19 on the Health Insurance Market by providing a micro- and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Health Insurance Market in the future years.
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Key Questions answered in the Smart Agriculture Market Report are:
- What is the function of Smart Agriculture?
- What is the predicted revenue generation of the Smart Agriculture market?
- At what growth rate is the Smart Agriculture market evolving?
- Who are the major market giants operating in the Smart Agriculture market?
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