Press release
Smart Agriculture Market Development by Major Eminent Players, Latest Innovations, Research Analysis and Forecast to 2031 | BouMatic, CLAAS KGaA mbH, Grownetics Inc
Smart Agriculture Market - insightSLICE
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The Global Smart Agriculture Market was worth US$ 11 billion in 2019 and is expected to witness a CAGR of 7.5% through 2030. Shifting preference towards controlled environment agriculture (CEA), rising adoption of vertical agriculture, increased investment in development of autonomous farm tools, and government initiatives to promote greenhouse farming are the key factors contributing towards the growth of the global smart agriculture market.
The report covers key developments in the Smart Agriculture market based on organic and inorganic strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of prominent market players.
Some of the Top companies Influencing in this Market include: Deere & Company,Trimble,Heliospectra,AKVA group,AG Leader Technology,LumiGrow
COVID-19 Impact-Pandemic Affected the Market Growth
The product demand has experienced a drastic impact due to the coronavirus pandemic. Strict curfews and lockdowns imposed to curb the virus spread have disrupted the supply chain. The disruptions in supply chain networks and difficulty in raw material procurements have in turn affected the market growth. Additionally, labor shortages and indefinite shutdowns of manufacturing plants have negatively impacted the market growth. However, the efficacious vaccination processes are helping the market to stabilize and grow.
Segmentation Overview:
By Component
Hardware
Software
Services
By Agriculture Type
Precision Farming
Livestock Monitoring
Precision Aquaculture
Smart Greenhouse
Precision Forestry
Others
By Farm Size
Small
Medium
Large
Segmentation by Region with details about Country-specific developments
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- South America (Brazil, Rest of South America)
- Middle East and Africa (UAE, Saudi Arabia, South Africa Rest of Middle East)
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Objectives of the Report:
• To profile leading players and estimate their market shares.
• The expected growth of the Smart Agriculture industry in % by the end of 2031 is given in the report.
• To elaborate the prevalent trends in the industry, future estimations and opportunities for growth in the industry.
• To study and analyzes relevant data which allows the market players to turn this valuable information into actionable business plan for future.
Key Questions Answered in the Report:
- Which products of the global Smart Agriculture market have seen increasing demand in recent years and are poised for potential market growth in the years ahead?
- What would be the global Smart Agriculture market value chain of the future be like?
- What are the quantitative and qualitative disclosures about the Smart Agriculture market risk?
- What are the key business segments, geographic areas, raw material scenario, competitive environment, and risk factors associated with the Industrial Smart Agriculture industry?
- What are the risks related to the Smart Agriculture market development and competition?
- What are the regulatory activities, strategic initiatives, market trends, economic conditions, financial state of the global Smart Agriculture market?
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alex@insightslice.com
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California - 95403-1408, USA
About Us:
We are a team of research analysts and management consultants who share a common vision to help individuals and organizations achieve their short-term and long-term strategic goals by expanding high-quality research services. insightSLICE was established to support mature companies, start-ups and non-profit organizations in various industries, including packaging, automotive, healthcare, chemicals and materials, industrial automation, consumer products, electronics and semiconductors, IT and telecommunications, and energy. Our internally experienced team of analysts has extensive experience in the research industry.
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