Smart Farming Market reached a value of USD 12.01 Mn. in 2022. Natural Gas is one of the dominating segment of the Global Smart Farming Market.
Smart Farming Market Overview:
The Smart Farming Market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentrate on the Smart Farming Market.
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Market Scope:
This Smart Farming Market research covers latest developments, trade restrictions, import-export analysis, production analysis, value chain optimization, market share, the influence of domestic and localised market players, and other topics.
Segmentation:
The Smart Farming Market is divided into Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others based on the type of farming. In 2022, the Precision Farming type segment accounted for 48% of the market. The segment's expansion is linked to the increased use of smart technologies to improve farm production and efficiency. Precision farming equipment are increasing the profitability of agriculture, which is attracting greater attention from major corporations to invest heavily in the farming industry. Farmers are able to monitor production, eliminate abnormalities in the health of the crop, and increase productivity by 40% by applying Smart Technology, such as computer vision and AI solutions for precision agriculture.
Irrigation management, yield monitoring, crop scouting, field mapping, weather tracking and forecasting, inventory management, and farm labour management are the segments of the smart farming market based on application. In 2022, the Yield Monitoring market category accounted for 45.1% of the total market. The increase in demand for crop yield monitoring and waste reduction through timely application of fertilisers and water requirements is credited with the segment growth.
Global Smart Farming Market Size, by Farming Type (2022-2029)
• Precision Farming
• Livestock Monitoring
• Smart Greenhouse
• Others
Global Smart Farming Market Size, by Offering (2022-2029)
• Hardware
• Software
• Services
Global Smart Farming Market Size, by Application (2022-2029)
• Irrigation Management
• Yield Monitoring
• Crop Scouting
• Field Mapping
• Weather tracking and forecasting
• Inventory Management
• Farm Labor Management
Key Players:
1. John Deere
2. Trimble
3. Topcon Positioning Systems
4. DeLaval
5. AKVA
6. Antelliq
7. Afimilk
8. InnovaSea Systems
9. Heliospectra
10. LumiGroW
11. InnovaSea Systems
12. ABACO
13. Treemetrics
14. Raven Industries
15. AG Leader Technology
16. The Climate Corporation
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Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as value chain analysis, technology trends, porter's five forces analysis, pestle analysis, and case studies are only a few of the indicators used to forecast the market scenario for various countries.
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COVID-19 Impact Analysis on Smart Farming Market: The impact of the COVID-19 pandemic on the Smart Farming Market has also been included in the research.
Key Questions Answered in the Smart Farming Market Report are:
- Which segment grabbed the largest share in the Smart Farming Market in 2022?
- How is the competitive landscape of the Smart Farming Market?
- Which are the key factors aiding the Smart Farming Market growth in the forecast period?
- Which region held the maximum share in the Smart Farming Market in 2022?
- What will be the CAGR of the Smart Farming Market during the forecast period?
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