What is Smart Agriculture/Farming Market?
Smart farming is a farming management which uses modern technology to increase the quantity and quality of the agriculture product. This allows delivering more productivity and sustainable agriculture production based on more precise and resources efficient approach with the use of advanced technology. Smart farming allows farmer’s access to GPS, data management, soil scanning and internet of things technology. Farmers can then precisely measure variations within a field and adapt the strategy accordingly and also allows to increase the effectiveness of pesticides and fertilisers to use them more selectively.
The market study is being classified, by Application (Water & Fertilizer Management, HVAC Management, Yield Monitoring, Crop Scouting, Weather Tracking & Forecasting, Farm Labor Management, Milk Harvesting, Breeding Management and Feeding Management) and major geographies with country level break-up.
AGCO (United States), Raven Industries (United States), Deere & Company (United States), (Trimble) (United States), AG Leader Technology (United States), GEA Group (Germany), Agribotix (United States), AgJunction (United States), DeLaval (Sweden), ec2ce (Spain), DICKEY-john Corporation (United States), CropMetrics (United States), Precision Planting (United States), SST Development Group (United States), Topcon Positioning Systems (United States), Teejet Technologies (United States), Granular (United States), The Climate Corporation (United States), Descartes Labs (United States) and Gamaya (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Decisive Farming (Canada), Prospera Technologies (Israel), Autonomous Tractor Corporation (United States), Hexagon Agriculture (Brazil) and Autocopter Corp (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smart Agriculture/Farming market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Agriculture/Farming market by Type, Application and Region.
On the basis of geography, the market of Smart Agriculture/Farming has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Adoption of Internet of Things (IOT) and Artificial Intelligence (AI) by Farmers In the Agriculture
- Growing Need to Improve Efficiency of Farming
- Government Support to Adopt Modern Agriculture Techniques
- Growing Population and Increasing Consumption of Protein-Rich Diets
Market Trend
- Increased Usage of M2M Solution in Agriculture
Restraints
- High Initial Cost Associated With the Advancement of Smart Agriculture Market and Limited Technical Knowledge and Skill of Farmers
- Lack of Awareness in Farmers
Opportunities
- Introduction of Big Data in Agriculture Farm
- Integration of Smart Phones with Hardware Devices and Software Applications
Challenges
- Data Management and Data Aggregation in Smart Agriculture
- Lack of Standardisation in Smart Agriculture Industry
In January 2018, John Deere launched Intelligent Boom Control (IBC) for 1270G harvesters in North America. IBC provides operators with increased accuracy and productivity—bringing harvester capabilities to a whole new level.
Key Target Audience
Smart Agriculture Software And Solution Providers, Smart Agriculture Technology Providers, Agricultural Equipment Manufacturers, Electronic Hardware Equipment Manufacturers, Standardization And Testing Firms, Original Equipment Manufacturers (Oems), Research Organizations And Consulting Companies, Government Bodies (Regulatory Authorities And Policy-Makers), Government Research Agencies And Private Research Organizations, Technical Universities and Vcs, Private Equity Firms, And Start-Up Companies