Smart Agriculture Market is expected to witness 10.6% CAGR between 2021-2031 | Global Industry Size, Share, Growth, Key Companies Trends & Forecast

According to a new market research report published by sheer analytics and insights, “The Global Smart Agriculture Market was $14.5 Bn in 2020, and it is expected to reach $45.6 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 10.6% between 2021-2031”, as per the latest market research report titled Global Smart Agriculture Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.

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Smart agriculture is defined as the smart process of performing agriculture activities using advanced technologies. The process is an innovative way of controlling and handling farming by reducing human efforts. Precious farming includes the automation system and sensing devices. These are used to monitoring the process of agriculture. The advanced technology in the farm field is boosting the market growth in the forecast period. Increasing demand for food around the globe, the need for livestock monitoring and controlling, and growing support from the government is expecting to drive the market growth. Most of the farmers adopting this technology in the field for higher growth within a small period. Thus, the market is growing over the globe.

However, in this current pandemic of COVID-19, the motors market affected much. It changes the growth rate graph slightly in the Smart Agriculture market. But, it has been expected that after the pandemic situation, the global Smart Agriculture market will reach in a high position in the graph. Apart from that, the rising of Smart Agriculture across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.

Geographically, The Smart Agriculture Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include GEA Group, Raven Industries, Ag Leader Technology, Agjunction, The Climate Corporation (Subsidiary Of Monsanto), Nedap Nv, Boumatic, LLC, Fancom B.V. (Subsidiary Of CTB International Corp.), Aquabyte, Steinsvik, Vemco, Nexus, Certhon, Quantum Spatial, and Hitachi Construction Machinery among others.

Browse the Full report at https://www.sheeranalyticsandinsights.com/market-report-research/smart-agriculture-market-21

The Global Smart Agriculture Market Has Been Segmented into:

By Offering Type
• Hardware
• Software
• Services

By Agriculture Type
• Precision Farming
• Precision Forestry
• Livestock Monitoring
• Smart Greenhouse
o Smart Feeding Systems
o Monitoring And Control Systems
o Underwater Remotely Operated Vehicles
o Others
• Precision Aquaculture
• Others

By Application Type
• Introduction
• Precision Farming Applications
o Yield Monitoring
o Field Mapping
o Crop Scouting
o Weather Tracking And Forecasting
o Variable Rate Application
o Inventory Management
o Farm Labor Management
o Financial Management
o Others
• Precision Forestry Applications
o Genetics And Nurseries
o Silviculture And Fire Management
o Harvesting Management
o Inventory And Logistics Management
• Livestock Monitoring Applications
o Milk Harvesting Management
o Breeding Management
o Feeding Management
o Heat Stress Management
o Animal Comfort Management
o Behavior Monitoring And Control
o Others
• Precision Aquaculture Applications
o Feeding Management
o Monitoring, Control, And Surveillance
o Others
• Smart Greenhouse Applications
o HVAC Management
o Yield Monitoring And Harvesting
o Water & Fertilizer Management
• Others
By Farm Size Type
• Introduction
• Small Farms
• Medium-Sized Farms
• Large Farms

By Region
• North America
o USA
o Canada
o Mexico
o Rest of North America
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Rest of Europe
• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America, Middle East & Africa
o Brazil
o South Africa
o UAE
o Rest of LAMEA
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