According to a new market research report published by Global Insight Services “Smart Agriculture Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Smart agriculture is a way of using technology to increase yields, decrease inputs costs, and improve sustainability in agriculture. The technology can be used in a number of ways, including precision farming, controlled environment agriculture, and livestock monitoring.
Precision farming is a type of smart agriculture technology that uses GPS and other forms of technology to map out fields and track soil conditions, weather patterns, and plant growth. This information can be used to make decisions about when to plant, how to irrigate, and what type of fertilizer to use.
Controlled environment agriculture is another type of smart agriculture technology. This type of agriculture uses greenhouses or other types of controlled environments to grow crops. The use of controlled environments can help to reduce the need for pesticides and other inputs, and can also help to improve yields.
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Key Players
- Deere & Company
- AGCO Corporation
- InnovaSea Systems
- Trimble, Inc.
- Topcon Positioning Systems
- Semiosbio Technologies Inc.
- Afimilk Ltd
Key Trends and Drivers
The market is driven by several factors such as the need for efficient use of resources, increasing labor costs, and government initiatives to promote the adoption of smart agriculture technologies.
Precision farming is one of the key trends in the smart agriculture market. Precision farming is a type of smart agriculture that uses information and communication technologies to improve the efficiency of crop production. The main aim of precision farming is to reduce the input costs while maximizing the yield.
The other key trend in the smart agriculture market is the increasing adoption of autonomous vehicles. Autonomous vehicles are equipped with sensors and software that enable them to operate without human intervention. These vehicles are used for various applications such as crop monitoring, soil mapping, and spraying of pesticides.
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Market Segments
By Component
- Hardware
- Software
- Services
By Type
- Precision Farming
- Livestock Monitoring
- Precision Aquaculture
- Smart Greenhouse
- Others
Reasons to buy Smart Agriculture Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
Read More Research Report by Global Insight Services:
- https://www.marketwatch.com/press-release/force-sensor-market-is-expected-to-witness-incredible-growth-during-2021-2031-key-players-names-honeywell-international-inc-tekscan-inc-futek-advanced-sensor-technology-inc-2022-05-12
- https://www.marketwatch.com/press-release/functional-printing-market-swot-analysis-growth-share-size-and-demand-outlook-by-2031-2022-05-12
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