Smart Farming Market Size, Growth, Trends, Insights, Outlook

  • The report firstly introduced the Smart Farming basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

    An increasing population is making farmers face tremendous pressure to increase crop production either by making more land available to grow crops or by implementing newer techniques, such as smart farming and vertical farming. Modern farming methods face numerous obstacles, such as climate change, high labor costs. These drawbacks can be overcome by using technologies such as indoor LED farming, which creates a nature-like condition to help farmers meet the increasing demand for food. 

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    Top Companies Smart Farming Market and Profiled in the Report are:

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

    Key Highlights of Report

    • 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.
    • 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.

    Browse the complete Global Smart Farming Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/smart-farming-market

    Objectives of the Report:

    • Study of the global Smart Farming market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
    • Industrial structure analysis of the Smart Farming market by identification of various sub-segments
    • Extensive analysis of key market players along with their SWOT analysis
    • Competitive landscape benchmarking
    • Analysis of Smart Farming market based on growth trends, futuristic outlook, and contribution to the total growth of the market
    • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Farming market
    • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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    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

     

    On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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