Smart Agriculture Market size was valued at US$ 16.50 Bn in 2023. The Global Smart Agriculture Market is estimated to grow at a CAGR of 9.3% over the forecast period.
Forecasts of the global market for Smart Agriculture , focusing on type, application, and geography, have been created for the years 2024 to 2030. The supply chain for leading suppliers, distributors, raw materials, market share, and shifting pricing trends is highlighted in the Air cooler market research. It is anticipated that the worldwide market for instant noodles would grow considerably over the forecast period. The market is likely to expand in the projected period, similar to 2020, as leading firms implement innovative strategies. Businesses can gain a comprehensive understanding of the features of the worldwide instant noodle market by doing a market analysis.
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Smart Agriculture Market Scope and Research Methodology:
Secondary Research: The research process typically begins with extensive secondary research, including the review of industry reports, market databases, trade publications, and academic literature. This secondary research helps in establishing a foundational understanding of the market, including key trends, market drivers, regulatory landscape, and competitive intelligence related to Smart Agriculture manufacturing, distribution, and usage.
Primary Research: Primary research methodologies are then employed to gather firsthand insights from key stakeholders. This may include interviews, surveys, and discussions with manufacturers, suppliers, distributors, explosives experts, regulatory authorities, and end-users such as mining companies, construction firms, and defense organizations. Through primary research, insights into demand patterns, technological advancements, regulatory requirements, and emerging trends in the Smart Agriculture market are obtained.
Smart Agriculture Market Segmentation:
The market is divided into four categories based on type: aquaculture, greenhouses, livestock, precision farming, and others. In 2023, the Precision Farming segment held a 38.8% market share, making it the dominant segment. The need for precision farming is growing as a result of developments in sensors, robotic automation, and other software and hardware in the agriculture sector. Precision farming heavily relies on certain tools, such as sensors, access points, and antennas, in addition to automation and control systems. The smart agriculture industry is growing because of the use of information technology to measure the variability of physical and animal resources at a fine scale and to improve farming practices that are socially, environmentally, and economically sustainable.
Nonetheless, throughout the course of the projection period, the Livestock segment is anticipated to expand at a CAGR of 6.6%. Sheep, horses, cattle,livestock includes goats and other domestic animals raised or utilized on the farm. In accordance with this exception, domesticated poultry, such as turkeys, are classified as poultry rather than livestock.
By Type
Precision Farming
Livestock
Aquaculture
Greenhouse
Others
By Component
Solution
Service
Connectivity Technology
Smart Agriculture Market Key Players:
John Deere (US)
Trimble (US)
Topcon Positioning Systems (US)
DeLaval (Sweden)
AKVA(Norway)
Antelliq (France)
Afimilk (Israel)
InnovaSea Systems (US)
Heliospectra (Sweden)
LumiGrow(US)
Raven Industries (Sioux Falls, SD)
Precision Planting (US)
Boumatic (Madison)
AG Leader Technology (Ames, Lowa)
SST Development Group (Washington)
Smart Agriculture Market Regional Analysis:
The Smart Agriculture market’s regional analysis requires careful consideration due to the sensitive nature of the product and its applications. While Smart Agriculture s serve crucial roles in industries such as mining, construction, and demolition, discussions surrounding their distribution, regulation, and use must adhere to strict legal and safety protocols. Regional trends in the Smart Agriculture market are influenced by factors such as industrial activity levels, infrastructure development projects, government regulations, and safety standards. In regions with significant mining and construction sectors, such as parts of Asia-Pacific, Africa, and Latin America, there may be a higher demand for Smart Agriculture s. However, stringent safety regulations and licensing requirements also play a significant role in shaping the market landscape.
Key Questions answered in the Smart Agriculture Market Report are:
- What are the market segments?
- Which production technology is utilized for the Smart Agriculture ?
- What trends are driving the market growth?
- Who are the global key players in the Smart Agriculture market?
- What is the global market status of the Smart Agriculture market?
- What was volume, manufacturing value, price, and revenue of the Smart Agriculture market?
About Stellar Market Research
Established in 2018, Stellar Market Research is India India-based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, the United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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