Press release
Smart Agriculture Market 2024 Key Information by Top Key Players AGCO Corporation, Deere & Company, Cisco Systems Inc., Semiosbio Technologies Inc., Trimble, Inc., DeLaval Corp., Raven Industries, Inc
The smart agriculture market has picked rapid pace over the recent years, majorly driven by increasing demand for crop production, quality, and crop safety. The market has been experiencing robust growth on account of the determinants like surging population which amplifies the demand for edibles, cattle management, enhanced crop production and crop quality with high-end technology, curtailed use of fertilizers or pesticides, an inadequacy of plough-able land, and government encouragement for adoption of smart agriculture technology. Consequently, smart agriculture market is all set to experience a radical growth in the coming years.
Although the deficiency of technical finesse among farmers can be a major roadblock, the raging penetration of the internet would certainly add a zing of technology to agriculture. The rising adoption of smart technology provides a viable avenue for sustainable agriculture that has unmatched potential to boost crop yield, regardless of climatic variations, by using cutting-edge technology.
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Smart agricultural applications are very wide-ranging, and can be classified into smart greenhouses applications, livestock monitoring applications, fish farming applications, precision farming applications, and others (horticulture, forestry, orchid). It is imperative to mention that HVAC management, yield monitoring, fertilizer and water management are prominent smart greenhouse applications.
Dependent on offerings, the smart agriculture market can be split into three categories software, hardware, and services. The rising livestock tracking concerns are boosting the demand of hardware such as GPS, transmitters, RFID tags, mounting equipment, and readers, while smart greenhouse hardware consists of HVAC systems and LED grow lights.
The geographical landscape of smart agriculture market spans the Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. In 2016, North America emerged as the biggest player in the smart agriculture market, accredited to government research projects that focused on reducing land labor and increasing yield. Europe on the other hand, takes the second spot owing to hefty spends on R&D and technology initiatives by the government. The Asia Pacific region is experiencing a boom in smart agriculture market accredited to the adoption of smart technology for agriculture.
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The game changers and ruling players in the smart agriculture market are AGCO Corporation, Deere & Company, Cisco Systems Inc., Semiosbio Technologies Inc., Trimble, Inc., DeLaval Corp., Raven Industries, Inc., Digi-Star LLC, Advanced Ag Solutions LLC, etc. To enhance their market position these players are relying on robust collaborations and huge market investments.
In 2016, Robert Bosch Venture Capital GmbH and Lab IX financed a U.S. based smart agricultural firm, CropX Inc., to expand its product portfolio. In 2017, SenseFly and Agribotix LLC joined forces to produce an array of drones, sensors, and farming data processing technology.
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Related Report:
Global Smart Agriculture Solution Market Size, Status and Forecast 2025
This report studies the global Smart Agriculture Solution market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Smart Agriculture Solution market by companies, region, type and end-use industry.
https://www.marketstudyreport.com/reports/global-smart-agriculture-solution-market-size-status-and-forecast-2025?utm_source=RR-AN
Global and Chinese Smart Agriculture Solution Industry, 2018 Market Research Report
Global and Chinese Smart Agriculture Solution Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Smart Agriculture Solution industry with a focus on the Chinese market.
https://www.marketstudyreport.com/reports/global-and-chinese-smart-agriculture-solution-industry-2018-market-research-report?utm_source=RR-AN
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