Smart Agriculture Market is expected to reach US$ 22.45 billion by 2031, growing with a CAGR of 9.1% - John Deere, Raven Industries, Precision Planting LLC.

Global Smart Farming Market reached US$ 11.12 billion in 2022 and is expected to reach US$ 22.45 billion by 2031, growing with a CAGR of 9.1% during the forecast period 2024-2031.

Smart Agriculture Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Smart agriculture utilizes IoT, AI, and automation to optimize farming processes, improve crop yields, and reduce resource waste. Precision farming techniques involve real-time monitoring of soil health, weather conditions, and irrigation systems. Drones, sensors, and data analytics enhance decision-making and efficiency. Rising global food demand and sustainability concerns drive the adoption of smart farming solutions. Government initiatives and investments in agri-tech innovation are shaping the market.

List of the Key Players in the Smart Agriculture Market:

AGCO, Ag Leader Technology, John Deere, Raven Industries, Precision Planting LLC, Trimble, DeLaval, AgJunction, Agribotix, and The Climate Corporation.

Industry Development:

In August 2023, DeLaval introduced the advanced E-series rotary milking system, designed to enhance milking efficiency, optimize worker routines, automate cow selection and sorting, and reduce stress on dairy cattle. This innovation aims to improve overall dairy farm operations through automation and precision.

Market Dynamics:

Smart farming is gaining popularity as farmers leverage advanced technologies to enhance crop efficiency, reduce waste, and increase overall yield. By providing precise data on crops, these technologies help farmers manage resources effectively, driving the adoption of smart farming. Additionally, key industry players are focusing on developing high-quality products to support farmers in achieving higher production. For example, in March 2022, Ambee launched 'SmartFarming Data,' a new solution that applies data science techniques to help farmers and agribusinesses improve farm health. This innovation enables farmers to better understand their land, mitigate climate change effects, monitor soil degradation, and enhance agricultural productivity.

Growth Forecast Projected:

The Global Smart Agriculture Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Smart Agriculture Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Smart Agriculture Market:

By Product: Management Information System, Remote Sensing Systems/ Sensors, Geographic Information Systems- GIS, Spatial Decision Support Systems- SDSS, Yield Mapping.

By Application: Precision Farming, Independent Restaurants, Livestock Monitoring, Yield & Soil Monitoring, Agricultural Drone, Farm Management, Smart Greenhouse & Irrigation, Others.

Regional Analysis for Smart Agriculture Market:

The regional analysis of the Smart Agriculture Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Smart Agriculture market?

➠ Who are the leading manufacturers in the global Smart Agriculture industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Smart Agriculture industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Smart Agriculture market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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