Category

Smart Agriculture Market - Forecasts From 2019 To 2024

107 pages
Published on : Aug 2019
Report Code : KSI061612815

Description

Smart Agriculture is the application of modern technology in agriculture to increase the quality and quantity of the produce. The smart agriculture market is expected to have a significant market growth driven by the growing adoption of modern technology in agriculture. The increasing demand for agricultural products and government support in order to modernize farming practices is expected to further fuel the market growth. However, the requirement of the high initial investment is expected to be a restraint for market growth. By application, precision agriculture is expected to have a considerable market share due to the high rate of adoption of precision farming techniques. By geography, Asia Pacific is projected to witness multiple growth opportunities owing to the higher economic dependency on agriculture in developing countries like India.

DRIVERS

Increasing demand for agricultural products

Government support

RESTRAINT

The requirement of high initial investment

INDUSTRY UPDATE

In January 2017, Dickey-John announced the release of the mini GAC@2500, the first and only handheld grain moisture tester built using 149 MHz technology.

In June 2019, Agco Corporation launched Agco Connect, a next-generation telemetry solution for North American customers and dealers to improve productivity, efficiency, and profitability.

SEGMENTATION

The smart agriculture market has been analyzed through the following segments:

By offering

Hardware

Software

Services

By application

Precision farming

Livestock monitoring

Smart greenhouses

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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