Smart Farming Market Incredible Possibilities, Growth With Industry Study, growth rate of 12.86%, Detailed Analysis And Forecast by 2030
smart farming market was valued at USD 12.80 billion in 2021 and is expected to reach USD 33.69 billion by 2030, registering a CAGR of 12.86% during the forecast period of 2023-2030. Livestock Monitoring accounts for the largest agriculture type segment in the respective market owing to the rise in consciousness regarding health of animals. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The market research report, such as Smart Farming Market report, plays a principal role in developing and enhancing the strategies for sales, advertising, marketing, and promotion. To carry out competitive analysis, a range of strategies of the major players in the market have been considered that range from new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to an ascend of their footprints in the market. smart farming market analysis report identifies as well as analyses the emerging trends along with major driving factors, challenges and opportunities in the market for This industry.
An international smart farming market survey report has been generated by considering myriad of objectives of market research that are vital for the success of ABC industry. This large scale report also presents an idea about consumer’s demands, preferences, and their altering likings about particular product. A data triangulation method is applied for this purpose which entails data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. smart farming report estimates CAGR values in percentages which designate the rise or fall occurring in the market for particular product for the specific forecast period.
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Key Players Mentioned in the Smart Farming Market Research Report:
Grownetics, Inc. (US), Auroras s.r.l. (Italy), Granular, Inc. (San Francisco), TOPCON CORPORATION (Japan), The Climate Corporation (US), Farmers Edge Inc (Canada), DICKEY-john. (US), Conservis (US), Ag Leader Technology. (US), Raven Industries, Inc. (US), Iteris, Inc. (US), Reed Business Information Ltd (US), AgJunction (Canada), Trimble Inc. (US), Deere & Company. (US), Mothive (US), CropX inc. (US), Ceres Imaging, Inc (US), GAMAYA (Switzerland), AgriData Incorporated. (US), AgEagle Aerial Systems Inc. (US),and Aker Solutions (Norway), among others
The persuasive Smart Farming Market business report contains thorough analysis of the market with respect to several factors about Data Bridge Market Research report industry that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The market report presents CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region. Smart Farming market research report brings precise and exact market research information that drives the business into right direction.
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The report uncovers important insights of the Smart Farming Integration market and includes projections with respect to revenue, industry size, and sales volumes over the study period. Additionally, the Smart Farming Integration market report provides detailed information regarding industry segmentations as well as the driving factors that will propel the profitability graph of the industry.
Based on Smart Farming Market Segmentations
Agriculture Type
- Precision Farming
- Livestock Monitoring
- Fish Farming
- Smart Greenhouse
- Others
Software
- Web Based
- Cloud Based
Service
- System Integration and Consulting
- Support and Maintenance
- Connectivity Services
- Managed Services
- Professional Services
Solution
- Network Management
- Agriculture Asset Management
- Supervisory Control and Data Acquisition
- Logistics and Supply Chain Management
- Smart Water Management
- Others
Application
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking and Forecasting
- Irrigation Management
- Farm Labor Management
- Financial Management
- Feeding Management
- Milk Harvesting
- Breeding Management
- Fish Tracking and Fleet Navigation
- Water Quality Management
- HVAC Management
- Others
Smart Farming Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Use of Modern Technologies in Agricultural Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart farming market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
Availability of Low-Cost Sensors
The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
Concerns regarding Soil Erosion
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart farming market.
Opportunities
Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.
Smart Farming Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2023-2030):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Smart Farming market circumstances on a regional and country-by-country basis.
- The Smart Farming market’s major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Smart Farming market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Table of Contents
- Part 01: Executive Summary
- Part 02: Scope of the Smart Farming Market Report
- Part 03: Smart Farming Market Landscape
- Part 04: Smart Farming Market Sizing
- Part 05: Smart Farming Market Segmentation By Product
- Part 06: Five Forces Analysis
- Part 07: Customer Landscape
- Part 08: Geographic Landscape
- Part 09: Decision Framework
- Part 10: Drivers and Challenges
- Part 11: Market Trends
- Part 12: Vendor Landscape
- Part 13: Vendor Analysis
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @
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