A recent market intelligence report that is published by Data Insights Partner on the global Smart Agricultural Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Smart Agricultural Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Smart Agricultural Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Smart Agricultural Market `is offered. In accordance with the report, the global Smart Agricultural Market is projected to expand at a CAGR of 9.7% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Smart Agriculture involves the use of advanced technologies like artificial intelligence, sensor lights and many more. This kind of agriculture is different from traditional agriculture since it does not depend on the climatic and natural conditions but on man-made conditions. The rising population throughout the globe is raising the number of mouths to be fed. Yet the agricultural production has remained barely the same throughout the ages. This has provided the initial impetus towards the development of the smart agricultural market. Smart agriculture yields larger output, without hampering the non-renewable resources and making the most efficient utilization of these resources. The uncertainty of nature can be eliminated. Also, the development of science and advancement in technology has led to its widespread usage and extended its usage in the agricultural industry and therefore fueled the smart agricultural market. Smart agriculture involves the use of various raw materials in production like irrigation water, pesticides, herbicides, nutrients, and fertilizers according to the requisite quantity. This avoids the eventuality of waste material. With the adoption of this technique, farmers can overcome various issues related with crop production, produce higher quantity of output, make quality production, charge reasonable price for their produce and gain better profit margins.
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Smart agriculture involves an initial set-up that require huge capital investment. This kind of set-up also requires investment at various levels which is not affordable by farmers especially of developing countries. On one hand it can be used by a group of farmers but not affordable by single farmer. Fragmentation of land holding is also restraining the growth of this market since smart agricultural appliances can be efficiently utilized in large plots. Using them in small plots is inefficient and a waste of money. Education and knowledge is the very necessary requisite among the once operating this technology. Smart agriculture involves the use of specialized technical software. If this software is put to a layman then he won’t be able to handle it. The necessity of knowledge for applying this smart agriculture is a bottleneck for the development of the smart agriculture market.
The surging population coupled with advancement in research and development is likely to pave a way for the growth of this market. The smart agriculture has extended its application on cattle’s in developed countries. The heightening demand for milk and dairy products is likely to be a great opportunity to explore and exploit for the smart agriculture market.
This market intelligence report on the global Smart Agricultural Market encompasses market segments based on agricultural type, application type, offering and country/regions.
By agricultural type, the Smart Agricultural Market is segregated into,
- Fish Farm Monitoring
- Livestock Monitoring
- Precision Farming
- Smart Greenhouse
By Application type, the Smart Agricultural Market is classified into,
- Precision Farming Application (Yield Monitoring, Field Mapping, Drainage Mapping, Crop Scouting, Weather Tracking and Forecasting, Variable Rate Technology, Inventory Management, Financial Management, Others)
- Precision Forestry Application (Genetics and Nurseries, Silviculture and Fire Management, Harvesting Management, Inventory and Logistics Management)
- Livestock Monitoring Management (Milk Harvesting Management, Breeding Management, Feeding Management, Heat Stress Management, Animal Comfort Management, Behavior Monitoring and Control, Others)
- Precision Aquaculture Application (Feeding Management, monitoring, control, and surveillance, other)
- Smart Greenhouse Application (HVAC Management, Yield Monitoring and Harvesting, Water and Fertilizers Management, Others)
By offering, the Smart Agricultural Market is segmented into,
By country/region, the Smart Agriculture Market divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- The Climate Corporation
- Raven Industries
- AG Leader Technology
- Afimilk Ltd
- Topcon Positioning Systems
- Trimble, Inc
- Deere & Company
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Smart Agricultural Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Smart Agricultural Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Smart Agricultural Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as The Climate Corporation, Topcon Positioning Systems, Deere & Company, Cisco, AG Leader Technology and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Smart Agricultural caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Smart Agricultural Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Smart Agricultural Market
v Identification of key factors driving investment opportunities in the Smart Agricultural Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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