Smart Agriculture Market Size-Share Estimation And Forecast Report Till 2027

Bykalpesh rajput
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With a focus on the worldwide Smart Agriculture market trend, the “Smart Agriculture Analysis to 2027” is a specialist and in-depth research of the crowd analytics business. The report’s goal is to give readers a comprehensive picture of the global Smart Agriculture industry, including a breakdown of the market by solution, application, end user, and geography.

In 2020, the market for smart agriculture was worth US$13.7 billion. In order to produce larger yields and maintain ideal growth conditions, commercial greenhouses are becoming increasingly automated, and the concept of controlled environment agriculture (CEA) is being used in more greenhouses. Growing awareness among growers of the potential advantages of greenhouse farming has led to an increase in the construction of commercial greenhouses. Growers now prefer LED grow lights instead of conventional lighting systems since they are simpler to install into a CEA setup. Due of their long-term energy efficiency advantages, LED grow lights are recognised as suited for indoor farming despite their high cost.

Global Smart Agriculture Market Size in 2020 was worth US $ 13.7 Bn. at a CAGR of 9.7 % and it is expected to reach US $ 26.2 Bn. in 2027.

Smart Agriculture Market Overview:

The market research report Smart Agriculture explores and evaluates the market’s position during the forecasted period. Focusing on fundamental and secondary drivers, market dominance, significant segments, and geographic analysis, it is a thorough body of research. Along with notable individuals, significant alliances, mergers, and acquisitions, the research also looks at contemporary innovation and corporate strategy.

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Market Scope:

We used primary and secondary research techniques to examine the Smart Agriculture Market from every angle. Our comprehension of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour, has improved as a result. After that, the data is collated and evaluated using a variety of market projections and data validation techniques. Additionally, our internal data forecasting engine projects market growth through 2029.

Segmentation:

Based on agriculture type, In 2020, the Livestock Monitoring sector had the highest share of 22.04 percent. Precision livestock monitoring enables real-time monitoring of livestock welfare, output, and health to maintain optimal yields. Due to variables including growing dairy farm size and rising technical advancements, such as precision livestock monitoring, market players have been advised to concentrate on new product launches and considerable cost savings associated to livestock monitoring management. Livestock contributes significantly to agriculture as a whole, which gives it a significant role in the industry. It is an essential component of programmes aimed at reducing poverty and can be created quickly because to the abundance of all necessary inputs in the nation.

Top Companies in the Global Smart Agriculture Market:

• Agjunction, Inc.
• Trimble, Inc.
• Deere & Company
• Trimble, Inc.
• AG Leader Technology
• Sst Development Group, Inc
• Agco Corporation
• The Climate Corporation
• Precision Planting, Inc.
• Semiosbio Technologies Inc.
• DeLaval
• Antelliq
• Afimilk Ltd.
• Raven Industries
• AgJunction
• Argus Control Systems Ltd.
• Agribotix LLC
• Autonomous Solutions, Inc.
• CNH Industrial
• CLAAS
• CropZilla Software, Inc.

Market leaders are identified using primary and secondary research, and market revenue is estimated using primary and secondary research. As part of the core research, extensive interviews with significant thought leaders and industry experts, including CEOs, marketing experts, and seasoned front-line workers, were undertaken. In-depth interviews with well-known thought leaders and industry experts, such as CEOs, seasoned front-line employees, and marketing specialists, made up primary research, while an examination of the annual and financial reports of the major manufacturers made up secondary research. In order to compare secondary data to historical data, percentage splits, market shares, growth rates, and global market breakdowns are computed using secondary data. The following players are those who are featured in this study:

Regional Analysis:

Using both qualitative and numerical data, the study examines the local market in depth. It provides an overview and forecast of the global Smart Agriculture market segment by segment. Additionally, it provides market size and forecast projections for five important regions from 2022 to 2029 , including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Smart Agriculture market is further segmented into regions and sectors for each area. Numerous countries are examined and expected in the research, along with current patterns and future developments in the industry.

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COVID-19 Impact Analysis on Smart Agriculture Market:

The Global Smart Agriculture Market Development Strategy post-COVID-19, which encompasses and analyses the potential of the global Smart Agriculture market and provides statistical data on market dynamics, growth factors, significant challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts, was thoroughly researched and analysed. The main goal of the study is to provide industrial enterprises with a strategic analysis of the impact of COVID-19. This analysis simultaneously examined the markets of significant nations and emphasised their market potential.

Key Questions Answered in the Smart Agriculture Market Report are:

  • Which regions, product categories, and end users represent the global Smart Agriculture sector’s most potential high-growth opportunities?
  • Which market sectors will grow the quickest, and why?
  • What sectors will grow the quickest, and why?
  • What are the main factors affecting the dynamics of the ## market? What are the main factors influencing and impeding the Smart Agriculture market?
  • What are the business risks and hazards in the ## market?

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