Smart Agriculture Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2027

Smart agriculture enables farmers to minimize cost and the efforts associated agricultural activities. Moreover, smart agriculture increases productivity by guiding farmers to expertly invest both resources and time in the appropriate way to achieve and increase the yield production. Furthermore, increase in global population is the major reason for enhancing agriculture productivity. As per a UN report, in 2017, the global population was 7.6 billion, which is expected to grow to 8.6 billion by 2030 and 9.8 billion by 2050—an increase of 13% and 29%, respectively. Therefore, the farmers are increasingly adopting internet-based technology such as smartphone in their day-to-day activities, owing to data-driven methodology for optimizing and managing the production of farm which also results in boosting the growth of the Smart Agriculture Market.

Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/5578

The global smart agriculture industry was pegged at $16.74 billion in 2019, and is projected to reach $29.23 billion by 2027, growing at a CAGR of 9.7% from 2021 to 2027.

Major market players

  • Trimble Inc.
  • Topcon Positioning Systems
  • Deere & Company
  • AgEagle Aerial Systems Inc.
  • DeLaval Inc.
  • Raven Industries, Inc.
  • Afimilk Ltd
  • AGCO Corporation
  • Ag Junction LLC.
  • GEA Group

Buy Now https://www.alliedmarketresearch.com/smart-agriculture-market/purchase-options  

 

The precision farming segment dominated the market

By type, the precision farming segment held the largest share in 2019, accounting for more than two-fifths of the global smart agriculture market, due to increasing revolution of technology in the field of precision farming and benefits of precision farming from service and product perspective. However, the greenhouse segment is expected to manifest the highest CAGR of 12.4% during the forecast period, owing to benefits of smart greenhouse such as maintaining a micro-climate environment for cops, minimizing manual intervention, and optimizing the yielding process.

The service segment to manifest the highest CAGR through 2027

By component, the service segment is expected to register the highest CAGR of 11.1% during the forecast period, as it helps farmers in decision-making about the next steps to take with their farm operation and use data gathered by sensors for better crop production with low cost. However, the solution segment held the largest share in 2019, contributing to nearly three-fifths of the global smart agriculture market, as it helps in enhancing the yield production by doing monitoring of water quality, nutrient & mineral quality.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5578

North America to portray the highest CAGR by 2027

By region, the market across North America is expected to manifest the highest CAGR of 12.1% during the forecast period, due to surge in population, improved lifestyle across the region, and technological advancements in crop production. However, the global smart agriculture market across Asia-Pacific held the largest share in 2019, accounting for more than one-third of the market, owing to surge in adoption of smart agriculture and rise in disposable income to invest in farming in the region.

Comments

Post a Comment

Popular posts from this blog

Olive Oil Market Growth, Share, Size, Trends Analysis Report, Region, and Segment Forecasts By 2032

 The Olive Oil Industry is driven by a rise in the number of cooking shows and food blogging. Celebrity chefs and influencers often showcase olive oil as a star ingredient in various culinary creations, emphasizing its versatility and health benefits. As audiences around the world are exposed to these engaging presentations, there is a growing awareness and appreciation for olive oil's unique flavors and its role in enhancing dishes. The popularity of olive oil in cooking shows not only boosts its demand but also inspires viewers to incorporate it into their culinary endeavors, contributing to a sustained increase in market consumption. Food blogging, with its visually appealing content and culinary expertise, further amplifies the demand for olive oil. Bloggers often feature recipes, cooking tips, and the benefits of using olive oil, influencing their followers to embrace this ingredient in their home kitchens. The interactive nature of these platforms allows for direct engagement...
Read more

Stevia Market Growth 2024

Stevia is a natural sweetener derived from the leaves of the Stevia rebaudiana plant and is a popular alternative to sugar due to its intensely sweet taste with minimal caloric impact. The two main types of stevia compounds responsible for its sweetness are stevioside and rebaudioside. It has widespread application across various industries, including food & beverage, pharmaceuticals, and personal care products. Its uses range from sweetening beverages, desserts, and snacks to serving as a sugar substitute in dietary supplements and oral care products. With its natural origin and low-calorie profile, stevia continues to gain popularity as consumers seek healthier alternatives to sugar without compromising on taste. Rise in prevalence of diabetes and obesity has a direct and significant impact on the stevia market due to rise in demand for natural, low-calorie sweeteners as alternatives to sugar. Stevia is derived from the leaves of the Stevia rebaudiana plant. It is known for its s...
Read more

Vegan Chocolate Market Size to Witness Robust Expansion: $2 Billion by 2032

 Vegan chocolate refers to a kind of chocolate that is completely free from any animal-derived ingredients. Traditional chocolate normally contains ingredients like milk or milk solids, butterfat, and sometimes even other additives that may also come from animals. In contrast vegan chocolate is made with choice ingredients that do not contain animal exploitation or animal by-products. Common substitutes for dairy milk in vegan chocolate include plant-based milks such as almond milk, soy milk, coconut milk, oat milk, or rice milk. Instead of normal butterfat, vegan chocolate might also use plant-based fat like cocoa butter or coconut oil.  Get a Sample PDF Report to understand our report before you purchase: https://www.alliedmarketresearch.com/request-sample/A135431  Vegan chocolate production generally requires fewer assets and has a decrease environmental influence in contrast to common chocolate made with animal-derived ingredients. The use of plant-based ingredients s...
Read more