Smart Agriculture Market Increasing Automation of Commercial Greenhouses Driving at 9.5% CAGR by 2031

Agriculture Market size was valued at USD 14.34 Billion in 2023 to USD 29.65 Billion by 2031, growing at a CAGR of 9.51% in the forecast period (2024-2031).
IoT technologies including robots, drones, remote sensors and computer modeling are poised to revolutionize agriculture by providing farmers with complete information to better optimize their farming practices for environmental needs This integration urges promises to significantly accelerate market development by enabling farmers to access critical insights. The benefits of GPS and GIS in tracking specific field sites, measuring soil quality and mapping field data, combined with robust big data analysis, are set to make a difference in the crops of the earth.

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Near-Term Growth Precision Meets Productivity in Next 4-5 Years

In the next few years, smart agricultural markets are expected to significantly improve efficiency and resource utilization. As greater farmers adopt IoT gadgets, AI-powered analytics and precision farming equipment, the agriculture enterprise turns into increasingly data-driven. These adjustments will enhance crop manufacturing, reduce waste, and improve water and fertilizer use. Furthermore, obvious supply chains and crop management will help reduce the dangers related to climate exchange, thereby enhancing the resilience in meals manufacturing.

Long-term Impact Over the Next 10 Years

Over the next decade, smart agribusiness could redefine the global food system through transformative change at every step of the agricultural value chain. By 2034, fully automated farms driven by robots, autonomous machines and advanced sensors could become a reality, AI enables real-time decision-making on an unprecedented scale Information a combination of climate, soil health and crop genetic data will support predictive analytics, helping farmers proactively address challenges before they arise. Additionally, an emphasis on sustainable practices will accelerate the transition to renewable agriculture, reduce environmental impact and preserve biodiversity. The long-term vision of smart agriculture is a future of sustainable, technological agriculture that can responsibly and effectively feed a growing global population.

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In April 2024, AGCO Corporation, a global leader in the design, manufacture and distribution of the agricultural machinery and precision agricultural technology, launched PTx, a new brand representing its agricultural precision division Trimble.

In March 2024, Huawei, China's leading multinational technology company, will join its efforts with international organizations and local partners to drive the adoption of artificial intelligence (AI) in agriculture across Latin America and the Caribbean too announced.

This report covers following segments:

A. Agriculture Type

Precision farming

Livestock monitoring

Smart greenhouse

Others

B. Software

Remote monitoring, data analytics

Supply Chain Management

Quality Assurance

Data Management and others

C. Hardware

Soil Sensors, Nutrient Sensors

Moisture Sensors

Light Sensors

HVAC, Displays

Antennas

Receivers'

LED lights

Valves and Pumps

Others

D. Offering

Hardware

Software

E. Farm Size

Small

Medium

Large

This report covers following players:

CropMetrics

CLAAS KGaA

Ag Leader Technology

AgJunction, Inc.

Autonomous Solutions, Inc.

BouMatic Robotic B.V.

Deere & Company

DroneDeploy

Farmers Edge Inc

Topcon Corporation

Raven Industries

Trimble Inc.

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Cultivating Tomorrow Smart Solutions for a Greener Harvest

The smart agriculture market is paving the way for a sustainable agricultural future by integrating advanced technologies, such as IoT, AI and precision agriculture. These innovations are transforming traditional agricultural practices, resulting in more efficient use of resources, less impact on the environment, and higher yields. As global demand for food increases and the climate challenges intensify, smart agriculture plays an important role in addressing food security, increasing agricultural productivity and enhancing environmental stewardship. This dynamic market has the potential to transform the agricultural industry, aligning growth with sustainability and meeting the evolving needs of the world.

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