Smart Agriculture Market - Forecast (2020 - 2025)
Smart Agriculture Market is valued $1380.5 million in the year 2017 and is anticipated to grow with a CAGR of 5% from the year 2020 to 2025. Smart agriculture market is segmented based on the components in which sensors are having the highest market share, followed by transceivers which are valued $308.3 and $211.7 million in the year 2017 and are expected to grow with a CAGR of 5.5% and 5.2% during 2020 to 2025.
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What is Smart Agriculture Market?
Smart agriculture is the process of performing agricultural activities using advanced technologies. This smart agriculture is the innovative way of carrying out the agricultural activities by reducing the human efforts and by making maximum utilization of the resources which are available. Smart agriculture includes agricultural activities with the adoption of the internet of thing (IoT), sensors in order to increase the productivity of the farm.
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What are the major applications for Smart Agriculture Market?
The major applications of smart agriculture include yield monitoring, water management, irrigation control and planting and seeding. The application of smart agriculture in yield monitoring will help the person to map and record crop yield and moisture data in real-time to instantly understand how well the crop performed.
Market Research and Market Trends of Smart Agriculture Market:
To monitor and manage the farm from anywhere the launch of a new product called irrigate IQ which could help to monitor the farm well from anywhere using a computer, smartphone or tablet. By using this product the person can monitor the pivot speed, status (on/off), current-voltage and pressure. The authorized person will receive a text message when a pivots status is changed.
To save the farmers time and money companies are experimenting with high-technology tools while reducing environment-harming chemicals. Companies are developing a robot equipped with AI and cameras to identify all plants in the farm. The robot has four wheels to carry camera through the fields in search of weeds. Computer-controlled arms then lower and spray the weeds with small amount of herbicides.
Who are the Major Players in Smart Agriculture Market?
The companies referred in the market research report include Cisco, Deere & Company, Trimble Navigation Limited, Raven Industries Inc., Semios bio Technologies Inc., and more than 10 other companies.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025
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Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
