The latest market report published by Constancy Researchers “Global Smart Agriculture Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Smart Agriculture Market: Overview
The global smart agriculture market was valued at US$ 13,923.8 Million in 2020 and is estimated to grow at a CAGR of 10.1% during the forecast period. The global smart agriculture market is anticipated to witness huge growth in the years to come due to the growing adoption of modern technologies such as internet of things (IOT), artificial intelligence (AI), and others in the agricultural farms along with the growing population and increased demand for protein rich foods across the globe. As per a recent article published in 2020, by United Nations Department of Economic and Social Affairs, the world population is estimated to reach 8.6 billion in 2030 and 9.8 billion in 2050 from 7.67 billion in 2019. Moreover, the increased adoption of technology based livestock monitoring solutions in emerging economies along with the growing focus on integration of smartphones with agriculture hardware & software are some of the key opportunities for the global smart agriculture market over the upcoming years. Besides, the high cost and environmental concerns are the key factors estimated to hamper the global smart agriculture market growth in the years to come.
Global Smart Agriculture Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global smart agriculture market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global smart agriculture market, the demand for smart agriculture has decreased due to haltin the manufacturing industry worldwide along with the shortage of labor during the COVID-19 period.
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Global Smart Agriculture Market: Report Highlights
- On the basis of offering, in the smart agriculture market, the hardware category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. This is ascribed to the growing adoption of advanced technologies in the agricultural farms along with rising adoption automation and control systems for livestock monitoring.
- On the basis of agriculture type, in the smart agriculture market, the hardware category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. This is ascribed to the growing adoption of advanced technologies in the agricultural farms along with rising adoption automation and control systems for livestock monitoring.
- Based on the regional analysis, North America dominated the market in 2020 and is projected to continue its dominant position during the forecast period. This is majorly due to the increased government regulations and initiatives for technology enhancement in agriculture industry along with growing adoption of advanced technologies in the region. The U.S. had a major share in the North America navigation lights market and estimated to continue its dominance over the forecast period.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global smart agriculture market.
- As per the research by Constancy Researchers Private Limited, the global smart agriculture market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Smart Agriculture Market
- Deere & Company
- Trimble
- Topcon Positioning System
- Delaval
- Antelliq
- Afimilk Ltd.
- AKVA Group
- Innovaesa Systems
- Heliospectra
- Lumigrow
- Treemetrics
- Abaco Groupt
- Others
Global Smart Agriculture Market: Segmentation
Constancy Researchers Private Limited has segmented the global smart agriculture market on the basis of offering, agriculture type, application, farm size, and regional analysis-
Global Smart Agriculture Market: By Offering
- Hardware
- Software
- Services
Global Smart Agriculture Market: By Agriculture Type
- Precision Farming
- Precision Forestry
- Livestock Monitoring
- Smart Greenhouse
- Smart Feeding Systems
- Monitoring and Control Systems
- Underwater Remotely Operated Vehicles
- Others
- Precision Aquaculture
- Others
Global Smart Agriculture Market: By Application
- Precision Farming Application
-
- Yield Monitoring
- Field Mapping
- Drainage Mapping
- Crop Scouting
- Weather Tracking & Forecasting
- Variable Rate Technology
- Inventory Management
- Farm Labor Management
- Financial Management
- Others
- Precision Forestry Application
-
- Genetics and nurseries
- Silviculture and fire management
- Harvesting management
- Inventory & logistics management
- Livestock Monitoring Application
-
- Milk harvesting management
- Breeding management
- Feeding management
- Heat stress management
- Animal comfort management
- Behavior monitoring and control
- Others
- Precision Aquaculture Application
-
- Feeding management
- Monitoring, control and surveillance
- Others
- Smart Greenhouse Application
-
- HVAC management
- Yield monitoring and harvesting
- Water & fertilizer management
- Others
- Others
Global Smart Agriculture Market: By Farm Size
- Small Farm
- Medium Farm
- Large Farm
Global Smart Agriculture Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
