Emergen Research latest document, titled ‘Global Smart Agriculture Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Smart Agriculture market. The report’s authors have offered necessary details on the latest Smart Agriculture market trends and the crucial parameters impacting both short-term and long-term market growth.
The global smart agriculture market size was USD 18.65 Billion in 2022 and is expected to register a revenue CAGR of 13.1% during the forecast period according to the latest analysis by Emergen Research. Increasing agricultural productivity across the globe is a key factor driving revenue growth of the market. Rising automation of commercial greenhouses is a major trend that is expected to provide growth opportunities in the global market. Commercial greenhouse construction has resulted from cultivators realizing the potential advantages of growing plants in a greenhouse. Cultivators have turned away from conventional lighting systems due to the ease with which Light-Emitting Diode (LED) grow lights can be included into a Common Event Adapter (CEA) setup. Despite being expensive, LED grow lights are the best choice for indoor farming due to their long-term advantages in terms of energy efficiency. In order to assist growers in automatically obtaining information on livestock in real-time, key technologies driving revenue growth of the market include Global Positioning System (GPS), Radio Frequency Identification (RFID), and biometrics for livestock. In addition, vibrations and material conditions in factories, farms, bridges, and other infrastructure are monitored by infrastructural health sensors. Infrastructure health sensors support real-time information delivery to the maintenance team when combined with an intelligent network. Agricultural robots are also being deployed to automate a variety of farming tasks, including soil upkeep, weeding, fruit picking, reaping, fertilizing, grading, and irrigation.
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Market Scope:
One of the report’s central components is the broad Smart Agriculture market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Smart Agriculture market players.
Leading Players Profiled in the Report:
Agco Corporation, Deere Company, Trimble Inc., Topcon Positioning Systems, Inc., Afimilk Ltd., Agjunction Inc., Delaval Inc., Ageagle Aerial Systems Inc, Lumigrow Inc., Raven Industries Inc.
Segmental Analysis
The global Smart Agriculture market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Smart Agriculture sector in a strategic manner.
The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Type Outlook (Revenue, USD Billion; 2019–2032)
- Aquaculture
- Precision Farming
- Greenhouse
- Livestock
Component Outlook (Revenue, USD Billion; 2019–2032)
- Service
- Support Maintenance
- Consulting
- System Integration Deployment
- Connectivity Technology
- Global Navigation Satellite System
- Wireline
- Cellular IoT
- SIGFOX
- Wi-Fi
- Others
- Solution
- Software
- Irrigation Management
- Network Management
- Agriculture Asset Management
- Hardware
- Sensors Control Systems
- LED Grow Lights
- HVAC System
- Valves Pumps
- Others
- Software
- Service
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
- North America
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Smart Agriculture market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Smart Agriculture market size
2.2 Latest Smart Agriculture market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Smart Agriculture market key players
3.2 Global Smart Agriculture size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Agriculture market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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