Press release
Smart Agriculture Market will be Predicted to Grow at a 10.8% CAGR During the Forecast Period
smart agriculture market growth
Smart agriculture, also known as precision agriculture or digital agriculture, refers to the use of advanced technologies, such as sensors, drones, and IoT (Internet of Things) devices, to optimize the production and management of crops and livestock. Smart agriculture aims to improve efficiency, reduce costs, and increase crop yields by using data and analytics to make informed decisions about various aspects of agriculture, such as irrigation, fertilization, and pest control.
The compound annual growth rate (CAGR) of the Smart Agriculture market is a measure of the market's growth over a certain period of time. It is calculated by taking the year-over-year growth rate of the market and compounding it over a specific period. According to Straits Research, the Smart Agriculture market size will grow at a CAGR of 10.8% During the forecast period.
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The global smart agriculture market is segmented by agriculture type into precision farming, livestock monitoring, smart greenhouse, and others. Precision farming involves the use of advanced technologies, such as sensors, drones, and IoT devices, to optimize the production and management of crops. Livestock monitoring involves the use of sensors and other technologies to monitor the health and well-being of livestock. Smart greenhouse refers to the use of advanced technologies, such as sensors and automation systems, to optimize the production and management of crops in greenhouses.
In terms of offering, the smart agriculture market is segmented into hardware, automation and control systems, drones, application control devices, guidance systems, remote sensing, driverless tractors, mobile devices, VRT, wireless modules, sensing devices, soil sensors, water sensors, climate sensors, others, milking robots, HVAC systems, grow light, RFID tags and readers, wireless modules, software, web-based, cloud-based, services, system integration and consulting, maintenance and support, managed services, and assisted professional service.
Geographically, the smart agriculture market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is expected to dominate the market due to the high adoption of smart agriculture technologies in the region.
Some examples of smart agriculture technologies include:
Sensors: Sensors can be used to monitor various factors that affect crop growth, such as soil moisture, temperature, and pH. This information can be used to optimize irrigation and fertilization practices.
Drones: Drones can be used to gather data about crops and livestock, such as plant health, crop yields, and pasture conditions. This information can be used to make more informed management decisions.
IoT devices: IoT devices, such as smart irrigation systems and weather stations, can be used to automate various tasks and collect data about the farm environment.
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Top Market Players
Ag Leader Technology
AGCO Corporation
AgJunction, Inc.
AgEagle Aerial Systems Inc.
Autonomous Solutions
Argus Control Systems Ltd
BouMatic Robotic B.V.
CropMetrics
CLAAS KGaA
CropZilla
John Deere
DroneDeploy
DeLaval Inc
Farmers Edge Inc
Grownetics, Inc.
Granular, Inc.
Gamaya
GEA Group Aktiengesellschaft
Raven Industries
SST Development Group, Inc
Trimble Inc.
The Climate Corporation
Topcon
Market Segmentation
By Agriculture Type
Precision farming
Livestock monitoring
Smart greenhouse
Others
By Offering
Hardware
Automation and Control System
Drones
Application Control Devices
Guidance System
Remote Sensing
Driverless Tractors
Mobile Devices
VRT
Wireless Modules
Sensing Devices
Soil Sensor
Water Sensor
Climate Sensor
Others
Milking Robots
HVAC Systems
Grow Light
RFID Tags and Readers
Wireless Modules
Software
Web-Based
Cloud-Based
Services
System Integration and Consulting
Maintenance and Support
Managed Services
Assisted Professional Service
By Regions
North America
Europe
Asia-Pacific
South America
The Middle East and Africa
Frequently Asked Questions
- What is the size of the Smart Agriculture market?
- Which segment has the largest market share in the Smart Agriculture market?
- Who are the major players in the global electronic nose market and how is it structured?
- What factors are driving the Smart Agriculture industry and what challenges does it face?
- How has the Smart Agriculture market grown?
- What are the key regional markets for Smart Agriculture?
- How competitive is the Smart Agriculture industry?
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Tel: +1 6464807505, +44 203 318 2846
About Straits Research
Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.
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