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Global Smart Farming Market is accounted for $5.77 billion in 2017 and is expected to reach $18.81 billion by 2026 growing at a CAGR of 14.0% during the forecast period. The expanding interest for nourishment creation, and rising populace and lack of rural grounds are key driving components for the keen cultivating market. Besides, developing execution of cutting edge innovations in cultivating for greatest gainfulness and generation, accessibility of minimal effort cloud administrations, expanding requirement for remote observing administrations, expanding center around cultivate effectiveness and profitability, decrease in cost of sensors, rising governments' help towards shrewd cultivating, government's help to receive present day rural systems and rising appropriation of enormous information and IoT in brilliant cultivating are a portion of the components boosting the market development. Be that as it may, high starting capital speculation, Lack of Standardization and expanding level of e-squander are relied upon to hamper the market development.Smart Farming represents the application of modern Information and Communication Technologies (ICT) and IoT solutions into farming to increase the efficiency of agricultural operations. Smart farming entails the obtaining of real time data of soil, air, and crops. Smart farming aims at increasing the quality and quantity of agricultural production while protecting the environment.Hardware offerings segment dominated the global market with largest share owing to its extensive usage in smart farming to reduce input and augment output productivity of crop yields. The hardware offerings include automation and control systems, and sensing and monitoring systems. Automation and control systems such as Global Positioning System (GPS) receivers, guidance and steering devices, and Variable Rate Technology (VRT) devices form a major part of the smart farming market. However, software offerings segment is expected to grow with a high CAGR during the forecast period 2017 to 2026. Fish farming applications are projected to grow at the highest CAGR during the forecast period due to implementation of smart technologies.
Some of the key players profiled in the report include Deere & Company, Raven Industries, GEA Group AG, The Climate Corporation, AG Leader Technology, Topcon Positioning Systems, Inc, Boumatic LLC., Agjunction, Inc., Trimble, Inc, Agco Corporation, Delaval Corporation, Aururas S.R.L, Grownetics Inc., Farmeron, Semiosbio Technologies Inc., Sst Development Group, Inc and Precision Planting, Inc.
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North America accounted for the largest share in global smart farming market. The dominance of this region is due to government initiatives and regulations, presence of established market players and implementation of modern technologies. Asia Pacific is expected to witness high growth during the forecast period due to rising awareness among farmers and growing government support in developing countries such as China and India.
Agriculture types Covered:
• Precision Farming
• Fish Farming
• Smart Greenhouse
• Livestock Monitoring
• Other Agriculture types
Application types Covered:
• Precision Farming Applications
• Fish Farming Applications
• Smart Greenhouse Applications
• Livestock Monitoring Applications
• Other Application types
Product types Covered:
• Automation and control systems
• Smart agriculture equipment and machinery
Offerings Covered:
• Hardware
• Software
• Services
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Release ID: 395536