Verified Market Research® is excited to announce the launch of
its latest comprehensive market research report on the "Smart
Agriculture Market - Trends, Opportunities, and Forecasts". The
report provides a detailed analysis of the rapidly evolving smart
agriculture sector, offering actionable insights and trends for
industry leaders looking to stay ahead in this fast-growing
market.
LEWES, Del., Sept. 17, 2024 /PRNewswire/ -- The Global
Smart Agriculture Market Size is projected to grow at a
CAGR of 10.30% from 2024 to 2031, according to a new report
published by Verified Market Research®. The report reveals that the
market was valued at USD 17.74
Billion in 2024 and is expected to reach USD 38.86 Billion by the end of the forecast
period.
As the global agricultural landscape shifts towards precision
farming and sustainable practices, smart agriculture technologies
are at the forefront of this transformation. From advanced IoT
sensors, automated machinery, and data analytics to AI-driven crop
management systems, smart agriculture is reshaping traditional
farming by improving efficiency, reducing resource consumption, and
boosting yields.
Key Features of the Report:
- In-depth Market Analysis: A thorough examination of the
current market size, projections, and growth drivers shaping the
smart agriculture sector.
- Technological Innovations: Comprehensive coverage of the
latest advancements in smart farming technologies, including IoT
integration, drones, robotics, and data-driven farming
solutions.
- Regional Insights: Detailed analysis of key markets
across North America, Europe, Asia-Pacific, and other emerging regions.
- Competitive Landscape: Profiles of key industry players,
market strategies, and their innovations driving the future of
smart agriculture.
Why This Report Matters: Agricultural leaders, technology
providers, and investors are all seeking to harness the benefits of
smart agriculture solutions to address the global challenges of
food security, resource optimization, and sustainability. This
report provides a roadmap for companies looking to capitalize on
these opportunities, highlighting key market trends, investment
potential, and strategic growth areas.
Who Should Read This Report:
- Agribusiness Leaders: Looking to implement cutting-edge
technologies for operational efficiency and sustainability.
- Technology Providers: Offering smart solutions and tools
for precision farming, irrigation systems, and automated
equipment.
- Investors & Venture Capitalists: Seeking to identify
high-growth opportunities within the agritech space.
- Policy Makers & Regulators: Interested in
understanding the evolving dynamics of sustainable agriculture
practices.
The Smart Agriculture Market Report is an essential resource for
organizations looking to gain a competitive edge in this
transformative industry. Don't miss out on key opportunities—equip
your business with the insights you need to drive innovation and
growth.
For more information or to purchase the report, please
contact us at:
https://www.verifiedmarketresearch.com/download-sample?rid=9635
Browse in-depth TOC on "Global Smart Agriculture
Market Size"
202 - Pages
126 – Tables
37 –
Figures
Report Scope
REPORT
ATTRIBUTES
|
DETAILS
|
STUDY PERIOD
|
2021-2031
|
BASE YEAR
|
2024
|
FORECAST
PERIOD
|
2024-2031
|
HISTORICAL
PERIOD
|
2021-2023
|
UNIT
|
Value (USD
Billion)
|
KEY COMPANIES
PROFILED
|
Deere & Company,
Trimble, Inc., AGCO Corporation, Topcon Positioning Systems, Raven
Industries, Bayer AG, CNH Industrial N.V., Kubota Corporation,
Afimilk Ltd., AgJunction, Inc., AgeEagle Aerial Systems, Inc.,
DeLaval, ETwater, Gamaya, LumiGrow, Inc., and The Climate
Corporation.
|
SEGMENTS
COVERED
|
By Offering, By
Agriculture Type, By Farm Size, By Application, and By
Geography.
|
CUSTOMIZATION
SCOPE
|
Free report
customization (equivalent up to 4 analyst's working days) with
purchase. Addition or alteration to country, regional & segment
scope
|
Global Smart Agriculture Market Overview
Growing Need for Sustainable Farming Solutions: The Smart
Agriculture Market is driven by the rising need for sustainable
agricultural techniques. As global food demand increases, precision
agriculture technologies such as IoT and AI enhance resource
efficiency, augmenting yields while minimizing water and pesticide
usage. Agritech enterprises can leverage the increasing trend
towards sustainability to enhance revenue through creative
solutions.
Technological Advancements in IoT and AI: Technological
advancements in IoT sensors, drones, and AI-driven data analytics
are significant catalysts in the Smart Agriculture Market. These
developments facilitate real-time surveillance and accuracy in crop
management, soil health, and irrigation systems. Companies that
incorporate these advanced technologies into their products are
strategically positioned to satisfy the requirements of
contemporary farmers, enhancing market adoption and ensuring
long-term profitability.
Rising Demand for Food Security: The global population is
expected to exceed 9 billion by 2050, making food security a
paramount concern. The Smart Agriculture Market is driven by this
need, as governments and agribusinesses engage in advanced farming
practices to improve productivity. Solutions that provide
predictive insights and enhance production cycles are crucial for
firms aiming to penetrate this expanding market area.
To Purchase a Comprehensive Report Analysis:
https://www.verifiedmarketresearch.com/select-licence?rid=9635
High Initial Costs of Implementation: A major obstacle to
expansion in the Smart Agriculture Market is the substantial
initial investment required for smart farming technologies.
Advanced technology, like IoT sensors and automated machinery,
necessitates substantial capital expenditure, which may dissuade
smaller farming enterprises from embracing these advancements.
Manufacturers and solution suppliers must present economical
solutions or adaptable financing options to surmount this obstacle
and enhance market penetration.
Limited Awareness in Developing Regions: In
underdeveloped regions, where agriculture is primarily traditional,
knowledge and comprehension of smart farming technology are
limited. The Smart Agriculture Market encounters obstacles in
various domains owing to insufficient knowledge and technical
proficiency. Enterprises focusing on these areas must emphasize
training and capacity-building efforts to facilitate adoption,
thereby unlocking new development prospects.
Data Privacy and Security Concerns: With the expansion of
the Smart Agriculture Market, worries over data privacy and
cybersecurity are also increasing. Agricultural producers are
becoming increasingly apprehensive about implementing technology
that collect extensive sensitive data without sufficient security
protocols. Solution providers must confront these issues by
delivering comprehensive data protection and open policies to
foster trust and promote the wider use of smart agriculture
technologies.
Geographical Dominance
North America exhibits
geographical preeminence in the Smart Agriculture Market, propelled
by sophisticated technical integration, robust infrastructure, and
significant expenditures in precision agriculture. The United States, notably, has a significant
presence of pivotal stakeholders and governmental endorsement for
sustainable agriculture efforts. This dominance propels market
expansion by stimulating innovation, promoting collaborations, and
establishing a standard for global smart agriculture practices in
other countries.
Key Players
The "Global Smart Agriculture Market" study report will provide
a valuable insight with an emphasis on the global market. The
major players in the market are Deere & Company, Trimble,
Inc., AGCO Corporation, Topcon Positioning Systems, Raven
Industries, Bayer AG, CNH Industrial N.V., Kubota Corporation,
Afimilk Ltd., AgJunction, Inc., AgeEagle Aerial Systems, Inc.,
DeLaval, ETwater, Gamaya, LumiGrow, Inc., and The Climate
Corporation.
Smart Agriculture Market Segment Analysis
Based on the research, Verified Market Research has segmented
the global Smart Agriculture Market into Offering, Agriculture
Type, Farm Size, Application and Geography.
- Smart Agriculture Market, by Offering
- Hardware
- Sensing Devices
- Software
- Services
- Smart Agriculture Market, by Agriculture Type
- Precision Farming
- Livestock Monitoring
- Precision Aquaculture
- Precision Forestry
- Smart Greenhouse
- Others
- Smart Agriculture Market, by Farm Size
- Smart Agriculture Market, by Application
- Yield Monitoring
- Weather Tracking and Forecasting
- Milk Harvesting
- Water Quality Management
- HVAC Management
- Smart Agriculture Market, by Geography
- North America
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Global Agricultural Machinery Market Size By Machinery Type
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Global Regenerative Agriculture Market Size By Type of
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Global Digital Agriculture Platform Market Size By Type of
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Top 9 Agricultural Equipment Manufacturers cultivating ideas for
growth
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