Agriculture Industry: Smart Agriculture Market Trends, Technology Insights, Forecast 2018 to 2026: AGCO Corporation, Trimble, Precision Planting, DeLaval

North America generated the highest revenue in 2017 owing to increasing population, and growing demand for high quality crops.

The global smart agriculture market generated $6,325.5 million in 2017 and is anticipated to grow at a CAGR of 14.1% during the forecast period according to a new research published by Polaris Market Research.

1. AG Leader Technology
2. AGCO Corporation
3. Trimble
4. Precision Planting, Inc.
5. AgJunction, Inc.
6. Agribotix LLC
7. Deere & Company
8. The Climate Corporation,
9. Autonomous Solutions, Inc.,
10. Drone Deploy
11. CLAAS KGaA mbH

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Smart agriculture uses technologies such as big data, GPS, and IoT among others for enhancing farming procedures to improve profits and reduce overhead cost. The use of smart agriculture enables farmers to deliver enhanced outputs and improved efficiency.

Diverse technologies such as automation systems, drones, remote sensing, milking robots, VRT, and HVAC systems among others are used for automating farm activities and increasing crop yield. Automated tractors and sprayers are used for various other agricultural purposes such as watering, seed plantation, and pesticides spraying.

The demand for smart agriculture has increased over the years owing to growing need for high quality crops, improved yields, and enhanced efficiency to primarily drive the smart agriculture market. The increasing global population and rising demand for food crops have resulted in increased adoption of smart agriculture.

Farmers are integrating smart technologies in their farms owing to growth in the global agricultural industry, reducing availability of labors, and increasing acceptance of advanced technologies in agriculture sector. Government initiatives and subsidies further support the growth of the smart agriculture market.

North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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The key factor driving the North American market for smart agriculture is the growing need for automation and rapidly increasing industrialization. The high technology penetration coupled with telecom and cloud infrastructure provides growth opportunities in the region.

Competitive Landscape and Key Vendors

The leading companies in smart agricultural market include AG Leader Technology, AGCO Corporation, Trimble, Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, CLAAS KGaA mbH, and CNH Industrial among others.

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Smart Agriculture Market Insights

 Smart Agriculture – Industry snapshot
 Smart Agriculture - Ecosystem analysis
 Smart Agriculture Market Dynamics
 Smart Agriculture – Market Forces
 Smart Agriculture Market Driver Analysis
 Smart Agriculture Market Restraint/Challenges analysis
 Smart Agriculture Market Opportunity Analysis
 Industry analysis - Porter's five force
 Bargaining power of supplier
 Bargaining power of buyer
 Threat of substitute
 Threat of new entrant
 Degree of competition
 Smart Agriculture Market PEST Analysis, 2016
 Smart Agriculture Market Value Chain Analysis
 Smart Agriculture Industry Trends
 Competitive Ranking Analysis

Key Segments

Component

• Hardware
• Software
• Services

Application

• Precision Farming
• Yield Monitoring
• Soil Monitoring
• Irrigation System
• Fish Farming
• Horticulture
• Livestock Monitoring
• Smart Greenhouse
• Others

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

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