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Smart Agriculture Market Size, Share, Price | Industry Report 2022
Smart Agriculture
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The smart agriculture market is expected to grow from USD 5.18 billion in 2016to USD 11.23 billion by 2022, at a CAGR of 13.27% between 2017 and 2022. Smart agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for increasing crop productivity. It includes the use of modern technologies of farming that help in improving the quality of food and increasing the yield of farms. The major restraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.
Smart agriculture tools are most widely used in precision farming as they play a vital role in improving farm efficiency and help growers in maximizing their crop yields. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps to identify different soil parameters to maintain the nutrient level of the soil.
Research Coverage :
This report covers the smart agriculture market based on agriculture type, offering, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the smart agriculture market.
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The key players in the smart agriculture market profiled in the report are as follows:
• Deere & Company (U.S.)
• Trimble, Inc. (U.S.)
• Raven Industries, Inc. (U.S.)
• AgJunction, Inc. (U.S.)
• AGCO Corporation (U.S.)
• The Climate Corporation (U.S.)
• AG Leader Technology (U.S.)
• Precision Planting, Inc. (U.S.)
• SST Development Group, Inc. (U.S.)
• Topcon Positioning Systems, Inc. (U.S.)
• Semiosbio Technologies, Inc. (Canada)
• DeLaval Corporation (Sweden)
• GEA Group AG(Germany)
• BouMatic, LLC.(U.S.)
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