Smart Agriculture Market Global Industry Analysis, Size, Share, Trends, Opportunities Forecast 2021–2027

Precision Business Insights published a research report on “Smart Agriculture Market By Agriculture Type (Precision Farming, Fish Farming, Livestock Monitoring, Smart Greenhouse, and Others), By Software Type (Local/Web Based and Cloud Based), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Financial Management, Feeding Management, Milk Harvesting, Water Quality Management, and Others), By Services (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services and Professional Services), By Solution (Network Management, Agriculture Asset Management, Supervisory Control and Data Acquisition, Logistics and Supply Chain Management, Smart Weather Management, and Others) and Geography - Global/Region/Country Forecast to 2027”.

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Smart Agriculture is a modern idea of agriculture or farming operations that focuses on increasing the quality and quantity of agricultural goods by utilizing current agricultural, communications, and information technology. GPS, data management, soil scanning, access to new equipment, agricultural information systems, advanced fertilizers, animal nutrition, IoTs in agriculture, unmanned aerial vehicles, and other technologies are used to implement the notion of smart agriculture. The market is divided into three categories: software, hardware, and services. Based on agriculture type, the market is fragmented into Livestock Monitoring, Fish Farm Monitoring, Precision Farming, Smart Greenhouse, and Others.

The primary reasons driving the demand of the market are the rising mechanization of marketable greenhouses and the growing application of the Controlled Environment Agriculture (CEA) concept in greenhouses in order to get greater yields and supports sustainable growth conditions. Cultivators are becoming more aware of the advantages of greenhouse farming, which has resulted in a rise in the number of commercial greenhouses being built. Cultivators have switched their attention away from traditional lighting systems to LED lights, which are easier to integrate into a CEA setup. Despite their high cost, LED grow lights are regarded suitable for indoor farming due of their long-term advantages. In addition to this, the increasing use of advanced technologies in agricultural production farms is a key factor driving the future growth, as rising income levels and requirement for protein-rich aqua nutrition, as well as farmers' approach focusing on livestock monitoring and disease monitoring, as well as their increasing focus on lowering management costs by using advanced livestock tracking products and steadily rising adoption of new technologies are expected to push the Smart Agriculture market further.

The Smart farming market is fragmented based on software, agriculture type, solution, services, and application. In terms of agriculture type, the smart farming market is categorized into livestock monitoring, precision farming, smart greenhouse, fish farming, and others. In terms of software, the smart farming market is bifurcated into cloud based and web based. In terms of services, the smart farming market is categorized into support and maintenance, system integration and consulting, managed services, connectivity services, and professional services. In terms of solution, the smart farming market is classified into agriculture asset management, network management, logistics and supply chain management, supervisory control and data acquisition, smart water management, and others. On the basis of application, the market is segmented into field mapping, yield monitoring, weather tracking and forecasting, crop scouting, farm labor management, irrigation management, feeding management, financial management, breeding management, milk harvesting, water quality management, fish tracking and fleet navigation, HVAC management and others.

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Due to increased government efforts and restrictions, as well as a growing concern for water management in North America, is expected to lead the smart farming industry. In addition to this, owing to increased government backing and increasing awareness among growers in this area, Asia-Pacific is projected to be the fastest-growing region in terms of smart farming market expansion.

A few key players profiled in the smart agriculture market are AGCO Corporation., Raven Industries Inc., Precision Planting LLC., Ag Leader Technology, Inc., SST Development Group, Inc., The Climate Corporation, Ag Junction LLC., SemiosBio Technologies Inc., TOPCON, Trimble Inc., Agribotix LLC., Deere & Company, GEA Group, Auroras s.r.l., Grownetics, Inc.

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