Smart Agriculture Market Growth Rate Forecast:

The estimated CAGR for the Smart Agriculture Market is 12.8% from 2024 to 2030. This growth rate reflects the increasing adoption of advanced technologies in agriculture, such as IoT, AI, and precision farming techniques.

Smart Agriculture Market Growth or Demand Increase or Decrease for what contains ?

The Smart Agriculture Market, valued at approximately USD 17.81 billion in 2023, is experiencing robust growth driven by advancements in technology and increasing demand for efficient farming solutions. The market is projected to grow at a CAGR of 12.8% from 2024 to 2030, reaching nearly USD 41.38 billion by 2030.

Farmers are increasingly depending on smartphones and other digital mediums to stay informed about the newest agricultural developments. Farmers rely on broadband and other wireless networks to stay connected and participate in industry-specific knowledge exchange efforts. Furthermore, farmers now have access to resources in a variety of languages, which aids in the transmission of awareness about industry proficiency. Furthermore, web-based agricultural institutes, such as the Agricultural Learning Repositories Task Force, are becoming increasingly popular among farmers.

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Smart Agriculture Market Overview:

Maximise Market Research provides clients with a comprehensive understanding of the competitive landscape, making it an invaluable resource for strategic planning. The comprehensive Smart Agriculture Market overview includes complete information on market size, trade statistics, key players, and a range of industry indicators such as the life cycle and current trends.

Smart Agriculture Market Segmentation:

by Agriculture Type
Livestock Monitoring
Fish Farming
Smart Greenhouse
Others

Based on Agriculture Types, livestock monitoring or precision livestock farming uses IOT (Internet of Things) devices used to track and monitor the health of livestock, most typically cattle. Livestock farming offers numerous purposes, including food, wool, leather, and other items.

by Application
Livestock Application
Fish Farming Application
Smart Greenhouse Application
Others

The Precision Farming Applications segment held the largest share of xx% in 2023, and the yield monitoring segment will hold the largest share of xx% in 2024, owing to rising demand for agricultural growth monitoring and reducing overall waste by providing needed water and minerals on time. Yield monitoring enables farmers to gain a better understanding of their fields and crops while establishing site-specific crop management techniques. One of the main advantages of the yield monitoring system is that it displays regional and temporal variability in crop yields.

by Offering
Software
Hardware

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Smart Agriculture Market Scope Methodology:

The Smart Agriculture market is highly competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A thorough examination of the Smart Agriculture Market’s drivers, constraints, possibilities, and issues. The Smart Agriculture market estimations and growth rates were determined using a bottom-up approach.

To get insight into Smart Agriculture Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study conducted regional analyses at the local, regional, and global levels. Essential information about the Smart Agriculture Market, including companies, investors, and new entrants, is supplied to assist in the development of marketing strategies and investment plans.

The Smart Agriculture Market was examined using primary and secondary data collection methods. Primary methods comprised surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news releases, annual and financial reports, white papers, and so on. The SWOT analysis identified market vulnerabilities and weaknesses, while the PORTER framework assessed industry competitiveness in the energy-efficient lighting sector.

Smart Agriculture Market Growth or Demand in which regions?

North America:

  • Current Status: Dominated the market in 2023.
  • Drivers: High adoption of variable rate technology, smart irrigation controllers, and AI-based farm analytics. Strong support from farmer associations and community organizations is also a key driver.

2. Asia Pacific:

  • Expected Growth: Anticipated to experience significant growth during the forecast period.
  • Drivers: Government initiatives and regulations aimed at improving agricultural practices, along with increasing adoption of IoT and AI technologies.
  • Challenges: Limited awareness and high capital costs associated with smart agriculture technologies.

3. Europe:

  • Status: Growth driven by advancements in farming technologies and government support for sustainable agriculture practices.

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Smart Agriculture Market Key Players:

1. Agjunction, Inc.
2. Trimble, Inc.
3. Deere & Company
4. AG Leader Technology
5. Sst Development Group, Inc
6. Precision Planting, Inc.
7.. Semiosbio Technologies Inc
8. DeLaval
9. Raven Industries
10. CropZilla Software, Inc.
11. Topcon Positioning Systems (US),
12. AKVA Group (Norway),
13. Allflex Livestock Intelligence (US),
14. Innovasea Systems Inc. (US),
15. Afimilk Ltd. (Israel),
16. Heliospectra AB (Sweden)
17. TeeJet Technologies
18. BouMatic
19. Granular, Inc
20. Climate Corporation.

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Key questions answered in theSmart Agriculture Market are:

  • What is Smart Agriculture Market?
  • What is the growth rate of the Smart Agriculture Market?
  • Which are the factors expected to drive the Smart Agriculture Market growth?
  • What are the different segments of the Smart Agriculture Market?
  • What are the factors restraining the growth of the Smart Agriculture Market?
  • What is the demand pattern of the Smart Agriculture Market?
  • What major challenges could the Smart Agriculture Market face in the future?

Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size Forecast by different segment |
  • Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape Profiles of selected key players by region from a strategic perspective

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