The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Smart Agriculture market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions.
The global smart agriculture market size was USD 18.65 Billion in 2022 and is expected to register a revenue CAGR of 13.1% during the forecast period according to the latest analysis by Emergen Research. Increasing agricultural productivity across the globe is a key factor driving revenue growth of the market. Rising automation of commercial greenhouses is a major trend that is expected to provide growth opportunities in the global market. Commercial greenhouse construction has resulted from cultivators realizing the potential advantages of growing plants in a greenhouse. Cultivators have turned away from conventional lighting systems due to the ease with which Light-Emitting Diode (LED) grow lights can be included into a Common Event Adapter (CEA) setup. Despite being expensive, LED grow lights are the best choice for indoor farming due to their long-term advantages in terms of energy efficiency. In order to assist growers in automatically obtaining information on livestock in real-time, key technologies driving revenue growth of the market include Global Positioning System (GPS), Radio Frequency Identification (RFID), and biometrics for livestock. In addition, vibrations and material conditions in factories, farms, bridges, and other infrastructure are monitored by infrastructural health sensors. Infrastructure health sensors support real-time information delivery to the maintenance team when combined with an intelligent network. Agricultural robots are also being deployed to automate a variety of farming tasks, including soil upkeep, weeding, fruit picking, reaping, fertilizing, grading, and irrigation.
The report is updated with the impact of the COVID-19 pandemic on the Smart Agriculture market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Smart Agriculture market has been positive or negative.
Emergen Research has recently published a detailed report on the global Smart Agriculture market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Smart Agriculture market through verified and validated data curated to offer accurate insights.
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The report further divides the Smart Agriculture market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Smart Agriculture market.
Smart Agriculture Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2032)
- Precision Farming
Component Outlook (Revenue, USD Billion; 2019–2032)
- Support & Maintenance
- System Integration & Deployment
- Connectivity Technology
- Global Navigation Satellite System
- Cellular IoT
- Irrigation Management
- Network Management
- Agriculture Asset Management
- Sensors & Control Systems
- LED Grow Lights
- HVAC System
- Valves & Pumps
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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The report also studies the key companies of the Smart Agriculture market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Key companies operating in the Smart Agriculture market include:
Agco Corporation, Deere & Company, Trimble Inc., Topcon Positioning Systems, Inc., Afimilk Ltd., Agjunction Inc., Delaval Inc., Ageagle Aerial Systems Inc, Lumigrow Inc., Raven Industries Inc.
The Global Smart Agriculture Report is a panoramic study of the overall Smart Agriculture market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Smart Agriculture market. The report provides a detailed analysis of the key factors of the Smart Agriculture market that are expected to have a positive impact on the growth of the Smart Agriculture industry.
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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