Smart Agriculture Market Size in 2022 was worth USD 16.49 Bn. at a CAGR of 9.7 % and it is expected to reach USD 31.52 Bn. in 2029.

Smart Agriculture Market Overview:

The goal of this research is to provide an overview of the Smart Agriculture market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Smart Agriculture players, as well as noteworthy industry trends and opportunities.

The analysis also focuses on the Global Smart Agriculture market's key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Smart Agriculture Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Smart Agriculture Market Size from a global perspective by analyzing historical data and prospects.

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Smart Agriculture Market Scope:

The report also focuses on the leading industry players in the Global Smart Agriculture market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.

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Smart Agriculture Market Dynamics:

In 2022, the smart agriculture industry was estimated to be worth US$ 16.49 billion. The expanding automation of commercial greenhouses and the growing usage of the Controlled Environment Agriculture (CEA) concept in greenhouses to create higher yields and maintain optimal growth conditions are the primary factors driving demand. Cultivators are becoming more aware of the potential benefits of greenhouse farming, resulting in an increase in the number of commercial greenhouses produced. Cultivators are shifting their attention away from traditional lighting systems and towards LED grow lights, which are easier to integrate into a CEA system. LED grow lights, despite their high cost, are recognised as suited for indoor farming due to their long-term energy efficiency benefits.

Smart Agriculture Market Segmentation:

by Agriculture Type
Livestock Monitoring
Precision farming
Fish farming
Smart Greenhouse
others

by Application
Livestock Applications
Fish Farming Application
Precision Farming Application
Smart Greenhouse Application
Others

In terms of agriculture type, the Livestock Monitoring section accounted for the most share (22.04% in 2022). Precision livestock monitoring provides for real-time monitoring of livestock health, production, and welfare in order to maintain optimal yields. Due to variables such as expanding dairy farm size and rising technical advancements, such as precision livestock monitoring, market participants have been advised to focus on new product launches and considerable cost reductions related to livestock monitoring management. Livestock plays an important role in agriculture due to its overall contribution. It is an essential component of poverty reduction measures, and it can be manufactured quickly because all of the necessary components are readily available in the country.

with the yield monitoring segment holding the largest share of 44.53% in 2022, owing to growing demand for agricultural growth monitoring and decreasing overall wastage by providing needed water and minerals on time. Yield monitoring enables farmers to gain a better understanding of their fields and crops while establishing site-specific crop management techniques. One of the primary advantages of the yield monitoring system is that it displays regional and temporal variability in crop yields.

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Smart Agriculture Market Key Players:

Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Smart Agriculture market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Smart Agriculture industry.

1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere & Company
4. Trimble, Inc.
5. AG Leader Technology
6. Sst Development Group, Inc
7. Agco Corporation
8. The Climate Corporation
9. Precision Planting, Inc.
10.Semiosbio Technologies Inc.
11.DeLaval
12.Antelliq
13.Afimilk Ltd.
14.Raven Industries
15.AgJunction
16.Argus Control Systems Ltd.
17.Agribotix LLC
18.Autonomous Solutions, Inc.
19.CNH Industrial
20.CLAAS
21.CropZilla Software, Inc.

Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Smart Agriculture market in these regions.

COVID-19 Impact Analysis on Smart Agriculture Market:

As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Smart Agriculture market and will help you build your business in compliance with the new industry standards.

Key Questions Answered in the Smart Agriculture Market Report are:

What will be the CAGR of the Smart Agriculture market during the forecast period?
Which segment emerged as the leading segment in the Smart Agriculture market?
Which are the prominent players in the Smart Agriculture market?
What will be the Smart Agriculture market size by 2027?
Which company held the largest share in the Smart Agriculture market?
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