Global Smart Agriculture Market was valued at USD 12.9 billion in 2019 which is expected to reach USD 25.12 billion by 2030 at a CAGR 9.5%.
Smart agriculture is the modern technology of farming which includes modern agricultural technologies as well as communication and information technologies to improve the quality and quantity of agricultural products,. Smart agriculture is divided into various types such as Fish Farming Monitoring, Smart Greenhouse, Livestock Monitoring, Precision Framing, and Others.
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Top Key Players/Manufacturers Global Smart Agriculture Market:
- LUMIGROW, HELIOSPECTRA, INNOVASEA SYSTEMS, AKVA GROUP, AFIMILK LTD., ANTELLIQ, DELAVAL, TOPCON POSITIONING SYSTEMS, TRIMBLE, and DEERE & COMPANY
Global Smart Agriculture Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Smart Agriculture Market is Primarily split into:
- Increase in need of livestock health and performance monitoring is the key driving factor which is expected to boost the global smart agriculture market growth. Furthermore, rise in government initiatives in adoption and development of modern agricultural technologies will have the positive impact on global smart agriculture market growth. Moreover, increase in demand for food across the world which is expected to propel the global smart agriculture market growth. Also, increase in technological advancements will fuel the global smart agriculture market growth. For Instance, in December 2019, XAG had launched farm robots and smart agriculture management system for agricultural development.
Market Trends:
· Integration of Artificial Intelligence (AI) and Machine Learning (ML) in agriculture.
· Rising use of Internet of Things (IoT) devices in farming.
· Expansion of precision irrigation systems.
· Growing focus on sustainable agriculture practices.
· Increasing government initiatives and funding for smart agriculture.
By Types:
- Fish Farming Monitoring
· Smart Greenhouse Livestock Monitoring
· Precision Framing Others
By Offering:
- Hardware Software Services
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