Smart Farming Market was valued at USD 12.80 billion in 2021 and is expected to reach USD 33.69 billion by 2029, registering a CAGR of 12.86% during the forecast period of 2022-2029. 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 insights gained through Smart Farming Market analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. For in depth understanding of market and competitive landscape, this market report serves a lot of parameters and detailed data about ABC industry. With the careful competitor analysis covered in the large scale Smart Farming marketing report, businesses can gauge or analyse the strengths and weak points of the competitors which helps build superior business strategies for their own product.
The significant Smart Farming report offers details about consumer’s demands, preferences, and their variable likings about particular product. This comprehensive report makes available the recent and forthcoming technical and financial details of the industry. Moreover, very loyal sources such as journals, newspapers, company websites and annual reports of the companies have been referred to collect the data which can be relied upon confidently. All the data and information, especially numerical data, involved in the finest Smart Farming market report has been represented very well in the form of graphs, charts or tables for the better understanding of users.
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List of the leading companies operating in the Smart Farming Market includes:
- Grownetics
- (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)
Smart Farming Market Analysis:
This Smart Farming Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Smart Farming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Recent Developments
- DeLaval launched RC550 RC700, a robot collector designed for solid floors in March’2021. These products enhance cow comfort and hoof condition. These robots are capable of handling manure without using additional water due to their unique rotary manure intake system.
- John Deere added a new Work Planner feature in January’2021 to help farmers in streamlining their work setup experience. They assist operators work more quickly in the field, and provides farmers with a holistic tool to manage their farms.
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.
Restraints/Challenges
On the other hand, high cost for development of modern agricultural equipment and fragmented agriculture industry are expected to obstruct market growth. Also, management of large volumes of data for productive decision making and environmental concerns are projected to challenge the smart farming market in the forecast period of 2022-2029.
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Global 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 Country Level Analysis
The countries covered in the Smart Farming market report are South Africa, Saudi Arabia, U.A.E., Egypt, Israel, the Rest of Middle East and Africa, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America. North America dominates globally due to rising demand for advanced technologies and software design and development.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Key Highlights of the Industry Report:
- Assessment of all opportunities and risk in the Smart Farming market
- Conclusive study about the growth of the market for forthcoming years
- In-depth understanding of market-particular drivers, constraints
- A complete picture of the competitive scenario of the Smart Farming market is depicted by this report.
- It provides historical and forecasts revenue of the market segments and sub-segments with respect to main geographies and their countries
- It also provides a complete assessment of the future market and the changing market scenario.
- Current and predictable size of the Smart Farming market from the perspective of both value and volume.
Table of Content: Global Smart Farming Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Smart Farming Market, Agriculture Type
7 Global Smart Farming Market, Software
8 Global Smart Farming Market, By Service
9 Global Smart Farming Market, By Solution
10 Global Smart Farming Market Application
10 Global Smart Farming Market, By Region
11 Global Smart Farming Market, Company Landscape
12 Swot Analysis
13 Company Profile
14 Questionnaire
15 Related Reports
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