Key features

 It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
 Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics


Market Opportunities

1.Adoption of novel technologies can present lucrative growth opportunities as it aid farmers to optimize yield capacity and enhance resource utilization. For instance, in March 2016, TerrAvion launched areal data services for farmers with the aid of drones and thermal imagery technology.


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2.Research and development activities can present business opportunities as major companies in the market are focused on research and development activities, in order to innovate novel products. For instance, in June 2016, Agribotix LLC introduced the Agribotix Agrion system, which is an agricultural drone solution, in order to aid farmers to evaluate the entire field. Furthermore, in May 2015, SemiosBio Technologies Inc. introduced a module i.e., Forst module, for its precision farming platform in order to broaden its solution offerings.


Key Market Dynamics

1.Wide availability of low-cost sensors is expected to drive growth of the global smart agriculture solution market during the forecast period

2.Uncertainty of weather and political factors is expected to hinder the global smart agriculture solution market growth over the forecast period


Smart Agriculture Solution Market - Impact of (Covid-19) Pandemic:

Many governments around the globe such as India, Spain and Italy have imposed nationwide lockdown to prevent the spread of COVID-19 disease. For instance, India have imposed lockdown from 25 March to 1 May until the further notice. Lockdown resulted in the shortage of the workers at the farms. Due to the manpower shortage the farms are struggling to carry out the plantation activities. Moreover, there is also shortage of transportation facilities such as Trucks and Trains. Owing to above mentioned factors, the COVID-19 pandemic is expected to restrain the market growth during the year 2020.


Key Players

AgEagle Aerial Systems Inc.
AgJunction LLC
Agribotix LLC
AgriSight, Inc.
CropMetrics LLC
Dirt Road Data, Inc.
Granular, Inc.
Iteris, Inc.
SemiosBio Technologies Inc.
Site-Specific Technology Development Group, Inc.
Trimble Navigation Ltd.


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Detailed Componentation:


Market Segmentation

Global Smart Agriculture Market, By Component:
Hardware
 Sensor Monitoring System
 Smart Detection System
 GPS Enabled Ranging System
 Drones
Software
Service
 Climate Information Service
 Supply Chain Management Service
 Others(System Integration, Maintenance and Consulting Service)

Global Smart Agriculture Market, By Solution:
Automated Machinery Guidance Control
Tractor Collision and Obstacle Detection
Machinery Safety and Parameter Monitoring
Variable Rate Technology
Building and Premise Surveillance

Global Smart Agriculture Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa