Smart Farming Market reached a value of US $ 12.01 Mn. in 2022. Natural Gas is one of the dominating segment of the Global Smart Farming Market.
Smart Farming Market Overview:
Smart Farming Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Smart Farming market study also gives information on the leading businesses functioning in the Smart Farming industry’s strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Smart Farming market in both global and regional markets.
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COVID-19 Impact on Smart Farming market:
A significant impact of the COVID-19 epidemic has been felt by the global compound semiconductor industry. Production facilities for compound semiconductors have been put on hold because of a global recession and a lack of labour. Due to the COVID-19 pandemic’s severe and protracted fall in production utilisation, as well as travel restrictions and facility closures that kept personnel away from their workplaces, the market for compound semiconductors will expand more slowly in 2020. Due to the significant demand for smart sensor installation, it is anticipated that COVID-19’s negative effects on the market for compound semiconductors would only last temporarily. By early 2021, the sector is expected to quickly recover.
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Regional Analysis:
Key market-influencing elements and regulatory changes that have an impact on the market’s present and future trends are also provided in the region section of the research. The main factors utilised to evaluate the market situation in different regions include new sales, replacement sales, national demography, regulatory initiatives, and import-export taxes. Additionally, the existence and accessibility of international brands, the difficulties they encounter owing to stiff or light rivalry from domestic and local brands, as well as the influence of sales channels, are taken into account when giving forecast analysis of national data.
Segmentation:
The Smart Farming Market is divided into Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others based on the type of farming. In 2022, the Precision Farming type segment accounted for 48% of the market. The segment’s expansion is linked to the increased use of smart technologies to improve farm production and efficiency. Precision farming equipment are increasing the profitability of agriculture, which is attracting greater attention from major corporations to invest heavily in the farming industry. Farmers are able to monitor production, eliminate abnormalities in the health of the crop, and increase productivity by 40% by applying Smart Technology, such as computer vision and AI solutions for precision agriculture.
1. Global Smart Farming Market Size, by Farming Type (2022-2029)
Precision Farming
Livestock Monitoring
Smart Greenhouse
Others
2. Global Smart Farming Market Size, by Offering (2022-2029)
Hardware
Software
Services
3. Global Smart Farming Market Size, by Application (2022-2029)
Irrigation Management
Yield Monitoring
Crop Scouting
Field Mapping
Weather tracking and forecasting
Inventory Management
Farm Labor Management
Key players:
1. John Deere
2. Trimble
3. Topcon Positioning Systems
4. DeLaval
5. AKVA
6. Antelliq
7. Afimilk
8. InnovaSea Systems
9. Heliospectra
10. LumiGroW
11. InnovaSea Systems
12. ABACO
13. Treemetrics
14. Raven Industries
15. AG Leader Technology
16. The Climate Corporation
The study gives a complete assessment of the presence of the Smart Farming market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Smart Farming Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.
Global Smart Farming Market research report offers:
The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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