Press release
Smart Agriculture Market is expected to surpass revenues worth USD 39.02 billion by 2031 at a 13.30% CAGR, Says Transparency Market Research Inc.
Smart Agriculture Market
Smart Agriculture Market is projected to reach a valuation of US$ 39.02 billion by the conclusion of 2031. The report further indicates that the market is anticipated to grow at a compound annual growth rate (CAGR) of 13.30% throughout the forecast period spanning from 2022 to 2031.
๐๐จ ๐ฏ๐ข๐๐ฐ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11561
Poor market sentiments are affecting the growth of the global smart agriculture market. Nevertheless, market stakeholders are conducting data-driven research before investing in new technologies. They are mapping revenue opportunities in India, since the agriculture industry is flourishing at a favorable rate. Import and export of smart agriculture systems is projected to rise, owing to increase in shipment and demand trends.
Market Segmentation
The smart agriculture market can be segmented based on several criteria:
Component
Hardware
Software
Services
Type
Precision Farming
Livestock Monitoring
Precision Aquaculture
Smart Greenhouse
Others (Soil Monitoring, Smart Irrigation)
Key players operating in the global Smart Agriculture Market are : Deere & Company,AGCO Corporation,InnovaSea Systems,Trimble, Inc.,Huawei Technologies Co., Ltd.,Topcon Positioning Systems,Semiosbio Technologies Inc.,Afimilk Ltd,Aker Technologies,Antelliq,Cisco Systems, Inc.
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Market Drivers and Challenges
Drivers
Increasing Adoption of IoT and AI in Agriculture: Enhanced data collection and analysis for better decision-making and resource optimization.
Government Initiatives: Policies and subsidies promoting smart farming practices.
Rising Demand for Food Security: Need to increase agricultural productivity to feed the growing global population.
Challenges
High Initial Investment: Significant costs associated with the deployment of advanced technologies.
Lack of Technical Expertise: Limited knowledge and skills among farmers to operate and maintain smart agriculture systems.
Data Privacy Concerns: Issues related to the security and privacy of agricultural data.
Market Trends
Integration of AI and Machine Learning: Use of AI for predictive analytics, crop health monitoring, and automated farming operations.
Use of Drones and Robotics: Increased deployment of drones and robotic systems for crop monitoring, pest control, and harvesting.
Sustainable Farming Practices: Focus on reducing environmental impact through precision farming and resource-efficient techniques.
๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐: https://www.transparencymarketresearch.com/smart-agriculture-market.html
Key Market Study Points
Market Dynamics: Analysis of factors driving and restraining market growth.
Competitive Landscape: Examination of strategies adopted by key players.
Market Segmentation: Detailed analysis of different market segments and their growth potential.
Technological Advancements: Keeping track of the latest innovations in smart agriculture.
Regional Insights: Comprehensive analysis of regional market trends and growth opportunities.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
OPGW Cable Market (Marchรฉ des cรขbles OPGW) -ย https://www.globenewswire.com/news-release/2024/02/28/2837197/0/en/OPGW-Cable-Market-Expected-to-Reach-USD-876-8-million-by-2031-Growing-at-a-CAGR-of-4-8-Transparency-Market-Research-Inc.html
Fork Sensors Market (ุณูู ุฃุฌูุฒุฉ ุงุณุชุดุนุงุฑ ุงูุดููุฉ)-ย https://www.prnewswire.com/news-releases/global-fork-sensors-market-to-reach-usd-5902-million-by-2026-transparency-market-research-688368151.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Transparency Market Research Inc.
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