Smart Agriculture Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Smart Agriculture Market Size

The global Smart Agriculture revenue was US$ 4036.7 million in 2022 and is forecast to a readjusted size of US$ 7725.4 million by 2029 with a CAGR of 9.6% during the review period (2023-2029).

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Smart agriculture, allows farmers to maximize yields using minimal resources such as water, fertilizer, and seeds. By deploying sensors and mapping fields, farmers can begin to understand their crops at a micro scale, conserve resources, and reduce impacts on the environment. Smart agriculture has roots going back to the 1980s when Global Positioning System (GPS) capability became accessible for civilian use. Once farmers were able to accurately map their crop fields, they could monitor and apply fertilizer and weed treatments only to areas that required it. During the 1990s, early precision agriculture users adopted crop yield monitoring to generate fertilizer and pH correction recommendations. As more variables could be measured and entered into a crop model, more accurate recommendations for fertilizer application, watering, and even peak yield harvesting, could be made. A number of sensing technologies are used in precision agriculture, providing data that helps farmers monitor and optimize crops, as well as adapt to changing environmental factors. This report mainly covers the Smart agriculture senor and robot and other device. software and other service solution is not covered.

In India, the Smart Agriculture revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period 2023-2029.

The industry's leading producers are Texas Instruments, AGCO Corporation and GEA Farm Technologies, with revenue ratios of 8.10%, 11.00% and 2.67%, respectively, in 2019.

This report focuses on global and India Smart Agriculture market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Smart Agriculture will continue to grow rapidly in the future.

Smart Agriculture market is segmented in regional and country level, by players, by Type and by Application. Companies, stakeholders, and other participants in the global Smart Agriculture market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2018-2029.

For India market, this report focuses on the Smart Agriculture market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• Smart Agriculture Sensor
• Smart Agriculture Robot
• Agricultural Drone

By Application
• Planting Agriculture
• Horticulture
• Livestock Monitoring

Key Companies
Texas Instruments, John Deere, AKVA Group, Robotics Plus, AGCO Corporation, GEA Farm Technologies, CropX, Trimble Inc, Yamaha, Lely, DeLaval, YANMAR, FarmBot, Raven Industries, AG Leader Technology, TOPCON Positioning Systems, AG Junction, Allflex, AeroFarms, Osram Licht AG, XAG, Kebai Science, Shenzhen High-tech New Agriculture Technology

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This release was published on openPR.