Press release
Smart Agriculture Market to Witness Huge Growth by Key Players: Deere & Company, Trimble Inc, Topcon Positioning Systems, DeLaval, Heliospectra, Antelliq, Afimilk Ltd, AKVA group, InnovaSea Systems, LumiGrow, AG Leader Technology and Others.
According to Market Study Report, Smart Agriculture Market provides a comprehensive analysis of the Smart Agriculture Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Agriculture Market. An exclusive data offered in this report is collected by research and industry experts team.Get Free Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=468243
The Smart Agriculture Market is estimated to grow from USD 13.8 Billion in 2020 to USD 22.0 Billion by 2025, at a CAGR of 9.8%. This report spread across 235 pages, profiling 10 companies and supported with 91 tables and 67 figures are now available in this research.
Top Key Players Profiled in the Smart Agriculture Market:
o Deere & Company (US)
o Trimble Inc. (Trimble) (US)
o Topcon Positioning Systems (US)
o DeLaval (Sweden)
o Heliospectra (Sweden)
o Antelliq (France)
o Afimilk Ltd. (Israel)
o AKVA group (Norway)
o InnovaSea Systems (US)
o LumiGrow (US)
o AG Leader Technology (US)
o Raven Industries (US)
o AgJunction (US)
o The Climate Corporation (US)
o Nedap NV (Netherlands)
o BouMatic (US)
o Fancom BV (Netherlands)
o Aquabyte (US)
o Steinsvik (Norway)
o VEMCO (Nova Scotia)
o Nexus Corporation (US)
o Certhon (Netherlands)
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"Market for software offerings estimated to grow at highest CAGR during forecast period"
The market for software offering in the smart agriculture market is expected to grow at the highest CAGR from 2020 to 2025 due to the substantial cost savings associated with a cloud-based software platform, as well as the rising number of farmers, growers, and ranchers in APAC, Europe, and South America adopting AI-based predictive analytics software. The software can be used for functions such as data management, data security, crop health monitoring, farm work mapping, and inventory management.
"Market for variable rate technology in precision farming, followed by livestock monitoring segment, to grow at the significant rate from 2020 to 2025"
The wide adoption of VRT in precision farming is because of various benefits associated with it. VRT allows input application rates to be varied across fields for site-specific management of the field variability. The market for VRT is expected to grow at a higher CAGR than that for other technologies as this technology helps in applying the right amount of input at the right place on the field, which minimizes the input waste and increases land and crop productivity.
"Market for weather tracking and forecasting applications in precision farming, and monitoring and surveillance application in aquaculture to grow at significant rate from 2020 to 2025"
The precision farming market for weather tracking and forecasting applications is expected to grow at the highest CAGR from 2020 to 2025 owing to the benefits of climate service initiatives that enable farmers to effectively deal with climate-related disasters and improve food security and decision-making in agriculture. Further, the changing weather patterns due to increasing global warming have impelled the adoption of advanced farming technologies, such as sensor-based irrigation controllers, to enhance farm productivity and crop yield.
"Smart agriculture market in APAC to grow at highest CAGR from 2020 to 2025"
APAC is one of the emerging markets for smart agriculture. The smart agriculture market in APAC is is expected to grow at a double-digit rate during the forecast period. India, China, and Japan have embraced this technology and hold a major share of the smart agriculture market. However, significant opportunities are yet to be tapped into other Asian countries. The population in APAC is increasing at a high pace.
Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 40 %, Tier 2 - 35%, and Tier 3 -25%
o By Designation: C-level Executives - 57%, Directors - 29%, and Others - 14%
o By Region: Americas- 40%, Europe - 30%, APAC - 20%, and RoW - 10%
Competitive Landscape of Smart Agriculture Market:
1 Overview
2 Market Ranking Analysis, 2019
3 Competitive Situation And Trends
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.2 Innovators
4.3 Dynamic Differentiators
4.4 Emerging Companies
5 Recent Developments
5.1 Product Launches And Developments
5.2 Agreements, Partnerships, And Contracts
5.3 Mergers And Acquisitions
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Research Coverage:
This report covers the smart agriculture market based on offering, agriculture type, application, farm size, and region. The market based on offering has been segmented into hardware, software, and services. Various applications pertaining to smart agriculture include yield monitoring, field mapping, weather tracking and forecasting, feeding management, milk harvesting, fish tracking, HVAC management, and others. Based on agriculture type, the market has been classified into precision farming, precision forestry, livestock monitoring, precision aquaculture, smart greenhouse, and others.
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