Smart Agriculture Market Growth or Demand Increase or Decrease for what contains ?
The Smart Agriculture Market, valued at USD 17.81 billion in 2023, is projected to reach USD 41.38 billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030. This growth is driven by the increasing adoption of advanced technologies in agriculture, such as precision farming, remote sensing, and IoT devices. These technologies enable farmers to monitor crop conditions, optimize irrigation systems, and manage resources efficiently, meeting the rising global food demand and improving productivity and sustainability.
The demand for smart agriculture is increasing significantly due to:
- Population Growth: The global population increase necessitates higher food production efficiency.
- Resource Scarcity: The need to maximize yields and minimize waste due to limited arable land and water.
- Climate Change: The requirement for adaptive farming practices to cope with erratic weather patterns.
- Labor Shortages: Automation and robotics in agriculture mitigate labor shortages by performing essential tasks like planting and harvesting.
Smart Agriculture Market CAGR Estimation:
Smart Agriculture Market is growing at a CAGR of 12.8% from 2024 to 2030.
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Smart Agriculture Market Segmentation:
The Smart Agriculture Market is segmented as follows:
By Agriculture Type:
- Livestock Monitoring: Uses IoT-enabled devices to track and monitor livestock health.
- Fish Farming: Involves raising fish in enclosures for food, vital for protein supply in developing regions.
- Smart Greenhouse: Equipped with sensors to regulate heat, humidity, and light, optimizing plant growth.
By Application:
- Precision Farming Applications: Includes yield monitoring to reduce wastage and enhance crop management.
- Livestock Applications
- Fish Farming Applications
- Smart Greenhouse Applications
By Offering:
- Hardware: Advanced technologies and equipment used in farming practices.
- Software
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Smart Agriculture Market Overview:
The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Smart Agriculture Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.
Smart Agriculture Market Growth or Demand in which regions??
North America:
- Dominated the market in 2023 due to the increased use of variable rate technology, smart irrigation controllers, and AI-based farm analytics.
- High demand for livestock and aquaculture farm automation.
Asia Pacific:
- Expected to grow significantly through the forecast period due to government initiatives and regulations aimed at improving agriculture.
- Challenges include high capital costs and lack of awareness among farmers.
- Increasing adoption of IoT and AI in agriculture is anticipated to drive growth.
Smart Agriculture Market Scope Methodology:
The Smart Agriculture market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Smart Agriculture Market's drivers, limitations, opportunities, and problems. The Smart Agriculture market estimates and growth rates were obtained using a bottom-up methodology.
To obtain insight into Smart Agriculture Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Smart Agriculture Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.
The Smart Agriculture Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.
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Smart Agriculture Market Key Players:
1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere Company
4. AG Leader Technology
5. Sst Development Group, Inc
6. Precision Planting, Inc.
7.. Semiosbio Technologies Inc
8. DeLaval
9. Raven Industries
10. CropZilla Software, Inc.
11. Topcon Positioning Systems (US),
12. AKVA Group (Norway),
13. Allflex Livestock Intelligence (US),
14. Innovasea Systems Inc. (US),
15. Afimilk Ltd. (Israel),
16. Heliospectra AB (Sweden)
17. TeeJet Technologies
18. BouMatic
19. Granular, Inc
20. Climate Corporation.
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Key questions answered in the Smart Agriculture Market are:
- What is Smart Agriculture Market?
- What is the growth rate of the Smart Agriculture Market?
- Which are the factors expected to drive the Smart Agriculture Market growth?
- What are the different segments of the Smart Agriculture Market?
- What are the factors restraining the growth of the Smart Agriculture Market?
- What is the demand pattern of the Smart Agriculture Market?
- What major challenges could the Smart Agriculture Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
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