Global Smart Farming Market Research Report is an investigative report providing an extensive study of the global Smart Farming market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Smart Farming market on the global and regional scale, along with a thorough forecast estimation to 2028
Smart Farming Market is expected to reach USD 24.76 Billion by 2027, according to a new report by Emergen Research. The smart farming industry is projected to be powered by factors such as steady population growth, low supply of cultivable land, subsidies from the government, and demand for new and high-quality food.
An increasing population is making farmers face tremendous pressure to increase crop production either by making more land available to grow crops or by implementing newer techniques, such as smart farming and vertical farming. Modern farming methods face numerous obstacles, such as climate change, high labor costs. These drawbacks can be overcome by using technologies such as indoor LED farming, which creates a nature-like condition to help farmers meet the increasing demand for food. In addition, it is projected that consumer’s growing preference for healthy and fresh foods would drive demand growth over the forecast period.
Smart farming ensures high returns for the farmers when used to its potential. It aids in negating the side effects on the crops by the collection of geospatial data of livestock, soil, plants, and others. A rise in the adoption of livestock monitoring solutions in developing countries is propelling the growth of the market.
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In addition, the study probes into the major factors such as import and export status, consumption volume, supply chain management, production capability and spending power to help business owners, stakeholders as well as field marketing executives zero in on profitable business strategies and stay competitive. A thorough analysis of intense competition among the top performers and strategies that have enabled them to occupy a strong foothold in the Smart Farming market makes the report a valuable resource for product owners exploring new avenues. All the vital information is presented through charts, graphs and tables and can be refereed for an industry specific presentation.
Key insights presented in the report:
- Market revenue shares by major business players, by type, by application, and market scope of global Smart Farming market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
- Deere & Company, Topcon Positioning Systems, Trimble, Inc., DeLaval, Antelliq, Heliospectra, Afimilk Ltd., InnovaSea Systems, AKVA group, and Nexus Corporation, among others.
The report segments the Smart Farming market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Key Highlights From The Report
- Increased adoption in the automation and control systems, such as GNSS/GPS receivers, guidance, and steering systems, irrigation controllers, has created a demand for the smart farming practice. A surge in the deployment of artificial intelligence and IoT has driven driving the demand for the hardware in the offering segment.
- Precision Farming is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.
- Smart greenhouses, equipped with communication technologies and modern sensors, capture and deliver information on the crops and surrounding 24/7. The collected data helps in removing abnormalities and bottlenecks.
- In addition to the competitive pricing of the connected products, the introduction of new farming technologies would likely affect regional demand on South American markets.
The global Smart Farming market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Smart Farming market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Smart Farming market.
Emergen Research has segmented the global Smart Farming Market on the basis of farming type, offerings, application, and region:
- Farming Type Outlook (Revenue, USD Billion; 2017-2027)
- Precision farming
- Livestock monitoring
- Smart greenhouse
- Others
- Offerings Outlook (Revenue, USD Billion; 2017-2027)
- Hardware
- Software
- Services
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Precision Farming Application
- Livestock Monitoring Application
- Precision Aquaculture Application
- Smart Greenhouse Application
- Precision Forestry Application
- Others
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report, click here @ https://www.emergenresearch.com/industry-report/smart-farming-market
Key Benefits of Buying the Global Smart Farming Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Smart Farming Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Smart Farming Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Smart Farming Market
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