Smart Agriculture Solution Market Analysis, Demand, Growth, Technology Trends, Key Findings and Forecast

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Global Smart Agriculture Solution Market was valued at USD 14.11 billion in 2021 and is expected to reach USD 42.06 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029

The buyer may better understand the different drivers and restraints and how they will affect the market over the projected term with the use of a Smart Agriculture Solution Market research study. It also sheds light on recent advancements, new product releases, partnerships, mergers, and acquisitions that a number of important companies and brands have embraced. The best Smart Agriculture Solution Market study provides CAGR estimates for the base year 2022, the historic year 2021, and the forecast period of 2023–2030 in addition to evaluations of all the market drivers and constraints, which are primarily derived from SWOT analysis.

The superior Smart Agriculture Solution Market research study has been organized using the knowledge and creativity of a group of analysts, managers, forecasters, and researchers. The company profile, product details, capacity, production value, and market shares for each company from 2023 to 2030 are shown in this market report. This market study includes company profiles of major industry participants, a detailed examination of their core strengths, and a competitive landscape drawing. This expertly written study goes into great detail and focuses on major segments, market share, primary and secondary drivers, and geographic analysis. In order to create a great Smart Agriculture Solution Market business report, excellence and intelligibility are two of the most important criteria that must be met.

Explore Further Details about This Research Smart Agriculture Solution Market Report https://www.databridgemarketresearch.com/reports/global-smart-agriculture-solution-market

Smart agriculture is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.

Global Smart Agriculture Solution Market was valued at USD 14.11 billion in 2021 and is expected to reach USD 42.06 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. “Hardware” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Smart agriculture tools are used in precision farming for enhancing efficiency of farm, and helps farmers in increasing their crop yields. Yield monitoring is one of the major application of precision farming that assists in identifying the field variability information, such as soil properties, fertilizers and weather conditions.

Some of the major players operating in the smart agriculture solution market are

  • Grownetics, Inc. (US)
  • Auroras s.r.l. (Italy)
  • Granular, Inc. (San Francisco)
  • TOPCON CORPORATION (Japan)
  • The Climate Corporation (US)
  • Farmers Edge Inc (Canada)
  • DICKEY-john. (US)
  • Conservis (US)
  • Ag Leader Technology. (US)
  • Raven Industries, Inc. (US)
  • Iteris, Inc. (US)
  • Reed Business Information Ltd (US)
  • AgJunction (Canada)
  • Trimble Inc. (US)
  • Deere & Company. (US)
  • Mothive (US), CropX inc. (US)
  • Ceres Imaging, Inc (US)
  • GAMAYA (Switzerland)
  • AgriData Incorporated. (US)
  • AgEagle Aerial Systems Inc. (US)
  • Aker Solutions (Norway)

Drivers

  • Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart agriculture solution market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

  • Concerns Regarding Soil Erosion

The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.

Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart agriculture solution market.

Global Smart Agriculture Solution Market Scope and Market Size

The smart agriculture solution market is segmented on the basis of component, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Hardware
  • Software
  • Services

Application

  • Automated Machinery Guidance Control
  • Obstacle Detection
  • Tractor Collision
  • Machinery Safety and Monitoring
  • Variable Rate Technology
  • Premises Surveillance

Key Insights Of Smart Agriculture Solution Market Report

  • The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
  • This study presents the analytical depiction of the Smart Agriculture Solution Market with the current trends and future estimations to determine the imminent investment pockets
  • The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Smart Agriculture Solution Market
  • The forecast period of the market is assessed from 2024 to 2030 to highlight the Smart Agriculture Solution Market growth scenario.
  • Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
  • The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
  • This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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