Smart Agriculture Market Booming Worldwide Opportunity & Future Prospects 2026 | AgJunction, AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc, The Climate Corporation, Autonomous Solutions and Others

Polaris Market Research has announced the addition of the "Smart Agriculture Market Report 2020-2026 Production, Sales And Consumption Status And Prospects Professional Research", The report classifies the global Smart Agriculture Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report provides in depth study of " Smart Agriculture Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organisation. The Smart Agriculture Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organisation such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organisation.

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o Table of Contents (Scope covered as a part of the study)
o Top players in the market
o Research framework (presentation)
o Research methodology adopted by Polaris Market Research]

The key players covered in this study
o AG Leader Technology
o AGCO Corporation
o Trimble Inc.
o Precision Planting, Inc.
o AgJunction, Inc.
o Agribotix LLC, Deere & Company
o The Climate Corporation, Autonomous Solutions, Inc.
o Drone Deploy
o Raven Industries
o CLAAS KGaA mbH
o CNH Industrial

The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research.

Polaris Market Research has segmented the global Smart Agriculture market on the basis of component, application, and region:

Smart Agriculture by Component Outlook (Revenue, USD Million, 2016 – 2026)
• Hardware
• Software
• Services

Smart Agriculture by Application Outlook (Revenue, USD Million, 2016 – 2026)

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

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Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.

North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.

Key Benefits:

o This study gives a detailed analysis of drivers and factors limiting the market expansion of Plant-Based Meat
o The micro-level analysis is conducted based on its Source, Product, Application And geographies
o Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players
o By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Plant-Based Meat Market

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. PMR in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.

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