Smart Farming Market Trends, Revenue, analysis, Forecast, Product Types and Outlook 2027

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The global Smart Farming Market is expected to reach USD 24.76 Billion by 2027, according to a new report by Emergen Research.

The report gives an extensive evaluation of the concentration of the Smart Farming market in different regions and countries. With a detailed regional analysis of the Smart Farming market, our research analysts attempt to decipher the hidden growth prospects available for players across the different geographies of the world.

They accurately estimate market share, CAGR, production, consumption, price, revenue, and other crucial factors that are responsible for the growth of regional markets studied in the report. They also highlight the presence of prominent players in regional markets and the way it makes a difference in the growth of the markets.

The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Smart Farming market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Smart Farming market.

Read More@: https://www.emergenresearch.com/industry-report/smart-farming-market

Key Highlights From The Report

In addition to the competitive pricing of the connected products, the introduction of new farming technologies would likely affect regional demand on South American markets.

Governments in North America are effectively giving sponsorships to empower the use of brilliant water system because of rising concerns relating to water preservation. Moreover, expanding government assets to create vertical homesteads are foreseen to drive the North American market.

Key participants include Deere Company, Topcon Positioning Systems, Trimble, Inc., DeLaval, Antelliq, Heliospectra, Afimilk Ltd., InnovaSea Systems, AKVA group, and Nexus Corporation, among others.

Increased adoption in the automation and control systems, such as GNSS/GPS receivers, guidance, and steering systems, irrigation controllers, has created a demand for the smart farming practice. A surge in the deployment of artificial intelligence and IoT has driven driving the demand for the hardware in the offering segment.

Precision Farming is swiftly gaining popularity among farmers due to the increasing need for optimum production with the given resources. Further, the changing weather patterns due to increasing global warming have necessitated the adoption of advanced technologies to enhance productivity and crop yield.

Smart greenhouses, equipped with communication technologies and modern sensors, capture and deliver information on the crops and surrounding 24/7. The collected data helps in removing abnormalities and bottlenecks.

Emergen Research has segmented the global Smart Farming Market on the basis of farming type, offerings, application, and region:

 

Farming Type Outlook (Revenue, USD Billion; 2017-2027)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Offerings Outlook (Revenue, USD Billion; 2017-2027)

Hardware

Software

Services

Application Outlook (Revenue, USD Billion; 2017-2027)

Precision Farming Application

Livestock Monitoring Application

Precision Aquaculture Application

Smart Greenhouse Application

Precision Forestry Application

Others

Regional Outlook: (Revenue, USD Billion; 2018-2028)

North America (U.S.) (Canada) (Mexico)

Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)

Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)

Latin America (Brazil) (Rest of LATAM)

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Table of Content

Chapter 1. Methodology Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Agriculture Surfactants Market Segmentation Impact Analysis

4.1. Agriculture Surfactants Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. Growth in the population

4.2.2.2. Rising demand for Smart Farming systems

4.2.3. Market restraints analysis

4.2.3.1. High setup costs

4.2.3.2. Lack of skilled labor during COVID-19

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Continue…

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