Smart Farming Market Size, Share, Demand and Growth Rate 2021

The global Smart Farming Market is expected to reach USD 24.76 Billion by 2027, according to a new report by Emergen Research. The smart farming industry is projected to be powered by factors such as steady population growth, low supply of cultivable land, subsidies from the government, and demand for new and high-quality food.

A new market assessment report on Smart Farming market brings to light a detailed statistics on the dramatic shift in the competitive landscape and business environment of the Smart Farming market for the forecast period 2020 - 2027. The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.

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Key Highlights From The 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.

Governments in North America are effectively giving sponsorships to empower the use of brilliant water system because of rising concerns relating to water preservation. Moreover, expanding government assets to create vertical homesteads are foreseen to drive the North American market.

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

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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

Smart Farming Market Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Smart Farming Market Segmentation & Impact Analysis

Continued…

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