Global Smart farming Market Showing Impressive Growth : AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., , Vertical Farm Systems, AeroFarms, Signify Holding, Osram Licht AG,
Smart Farming market is driven by the huge increase in adoption of technology within farming globally, which is projecting a rise in estimated value from USD 7.53 billion in 2018 to an estimated value of USD 19.75 by 2026, registering a CAGR of 12.81% in the forecast period of 2019-2026.
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Some of the Leading competitors currently working in smart farming market are Deere & Co., Trimble Inc., AGCO Corporation, Raven Industries, GEA Farm Technologies, Lely, Afimilk Ltd., , Vertical Farm Systems, AeroFarms, Signify Holding, Osram Licht AG, Harvest Automation, AKVA Group Farmers Edge Inc., Mavrx Inc., DTN, GeoVisual Analytics, , Aglytix, and 360 Yield Center.
Smart farming Market definition : Smart farming is the application of modern information and communication technologies (ICT) in agriculture to increase crop production. In smart farming, most modern systems are used for gaining continuous sustainability, along with achieving the best of quality, quantity, and return on investment. Smart farming uses a range of technologies that include global positioning system (GPS), sensors, controllers, light emitting diode (LED) lights, software, and so on to enhance the yield of crops.
Farmers highly need smart farming techniques to maintain the crop health. Smart farming techniques are used to maintain the right amount of humidity, which is essential to the soil and crops. These farming techniques provide the weather condition of a particular place, which in turn, help farmers to take predictive actions. As a result, the smart agriculture market will witness growth in the soil and crop management segment.
Smart farming Market segment by Type, the product can be split into
• Automation and Control Systems
• Smart Agriculture Equipment and Machinery
Smart farming Market segment by Application, split into
• Soil and Crop Management
• Fleet Management
• Storage and Irrigation Management
• Indoor Farming
Smart farming Market segment by Regions/Countries, this report covers
• United States
• Southeast Asia
• Central & South America
The purchase volume of automation and control systems is increasing in the agricultural sector because they are used for predictive management of the overall production of crops. The smart agriculture market is experiencing growth in the automation and control systems segment because these smart farm systems are capable of displaying real-time and accurate data to help farmers learn about the condition of crops.
Table of Contents: Global Smart farming Market
1. Executive Summary
2. Global Smart farming Market Scope/opportunities of the Report
3. Global Smart farming Market Research Methodology
4. Market Landscape
5. Pipeline Analysis
6. Global Smart farming Market Sizing
7. Porter’s Five Forces Analysis
8. Global Smart farming Market Segmentation
9. Customer Landscape
10. Regional Landscape
11. Business Decision Framework
12. Global Smart farming Market Drivers & Challenges
13. Global Smart farming Market Key Trends
14. Players Landscape
15. Global Smart farming Market Players Analysis
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