Smart Agriculture Market Forecast: USD 32.1 Billion Milestone by 2030 with Robust CAGR 10.4%

The smart agriculture market was valued at USD 13.17 billion in 2021. It is projected to grow to USD 32.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.4% during the forecast period (2022 - 2030).

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

Digital agriculture, often known as smart farming or e-agricultural, is a major driver of the smart agriculture industry. It entails the use of digital instruments to gather, store, analyze, and distribute electronic data and/or information in agriculture. The Food and Agriculture Organization of the United Nations refers to this development as the digital agricultural revolution. Digital agriculture includes precision agriculture, although its significance extends beyond on-farm productivity. It has an impact on the entire agri-food value chain, including pre-production planning, on-farm operations, and post-production activities.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

● The increased demand for food, paired with limited arable land, makes technical intervention urgently needed to dramatically improve production per hectare.
● Other reasons propelling this industry include increased demand for organic goods, improved yields, investments from both the public and private sectors, farmers' increasing incomes and purchasing power, and easy financing choices.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: https://www.polarismarketresearch.com/buy/179/2

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The market is anticipated to be competitive and fragmented due to the existence of numerous firms. Here is the list of the leading companies operating in the smart agriculture market:
• AG Leader Technology
• AGCO Corporation
• Trimble Inc.
• Precision Planting Inc.
• AgJunction Inc.
• Agribotix LLC
• Deere & Company
• The Climate Corporation
• Autonomous Solutions Inc.
• Drone Deploy
• Raven Industries
• CLAAS KGaA mbH
• CNH Industrial.

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐒𝐦𝐚𝐫𝐭 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞

• 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐅𝐚𝐫𝐦𝐢𝐧𝐠: Utilizes GPS, IoT, and data analytics to monitor crop health, soil conditions, and weather patterns. This helps in making informed decisions regarding planting, fertilizing, and harvesting.

• 𝐋𝐢𝐯𝐞𝐬𝐭𝐨𝐜𝐤 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠: Implements wearable devices and sensors to monitor the health, activity, and productivity of livestock, improving animal welfare and farm efficiency.

• 𝐒𝐦𝐚𝐫𝐭 𝐆𝐫𝐞𝐞𝐧𝐡𝐨𝐮𝐬𝐞𝐬: Incorporates climate control systems, sensors, and automated irrigation to optimize growing conditions and increase crop yields.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The smart agriculture market is mainly segmented based on component, application, and region. According to the component analysis, software is likely to dominate the market over the projection period. Rising demand for agriculture automation will lead to an increase in the production of various smart agricultural instruments, dairy products, and other remote sensing devices, which are the primary drivers of this industry quickly.

Furthermore, the application research predicts that smart greenhouse segment will lead the market throughout the projection period due to the increasing demand for well-developed irrigation systems and growing environmental concerns.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.