Smart Agriculture Market Size, Share, Growth Analysis, By Agriculture Type(Precision farming, Livestock monitoring, Smart greenhouse, and Others), By Software(Remote monitoring, data analytics, Supply Chain Management, Quality Assurance), By Hardware(Soil Sensors, Nutrient Sensors, Moisture Sensors, Light Sensors), By Offering(Hardware, Software), By Farm Size(Small, Medium, and Large), By Region - Industry Forecast 2024-2031

Report ID: SQMIG10A2026 | Region: Global | Published Date: April, 2024
Pages: 178 |Tables: 153 |Figures: 70

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Atlas Copco

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Novartis

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Smart Agriculture Market size was valued at USD 13.10 Billion in 2022 and is poised to grow from USD 14.34 Billion in 2023 to USD 29.65 Billion by 2031, growing at a CAGR of 9.51% in the forecast period (2024-2031).

The competitive environment of the Smart Agriculture Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in smart agriculture industry. 'CropMetrics', 'CLAAS KGaA', 'Ag Leader Technology', 'AgJunction, Inc.', 'Autonomous Solutions, Inc.', 'BouMatic Robotic B.V.', 'Deere & Company', 'DroneDeploy', 'Farmers Edge Inc', 'Topcon Corporation', 'Raven Industries', 'Trimble Inc.'

The rapid assimilation of sophisticated technologies such as mapping software, Variable Rate Technology (VRT), GPS systems, and advanced data management tools has sparked a remarkable upsurge in agricultural productivity. Among these, the integration of mapping software stands as a revolutionary force in reshaping the agricultural panorama, notably enhancing capabilities in crop yield prediction and monitoring crop health.

Every day, an immense volume of farm data is generated, yet its true value remains untapped without proper examination. Big data and analytics serve as indispensable tools that transform this raw information into actionable insights. A wide array of data, including crop disease statistics, weather forecasts, market prices, irrigation patterns, land utilization, crop areas, production metrics, and future projections, forms the foundation for planning the upcoming farming seasons. Leveraging analytical tools, is shaping future smart agriculture market trends, with the wealth of information is harnessed from various sources, encompassing weather events, machinery performance, water cycles, and detailed data on crop quality and quantity.

The forecast period anticipates North America to demonstrate the swiftest revenue CAGR, largely propelled by intensified government initiatives and regulatory interventions aimed at fortifying the agricultural sector within the region. These concerted efforts seek to bolster agricultural practices through innovative technologies and sustainable methodologies, fostering productivity and resilience in the face of evolving challenges. The concerted efforts to bolster agricultural practices have spurred a surge in demand, driven by a proactive stance toward fostering sustainable and smart agriculture.

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