Smart Farming Market Analysis: Opportunities and Challenges

Emergen research’s latest document, titled ‘Smart Farming market’ is one of the most sought-after market reports involving an in-depth analysis of the global Smart Farming market. The report’s authors have offered necessary details on the latest Smart Farming market trends and the crucial parameters impacting both short-term and long-term market growth.

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.

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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others

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

 Some 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.

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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

Regional Bifurcation of the Smart Farming Market Includes:

·       North America (U.S., Canada)

·       Europe (U.K., Italy, Germany, France, Rest of EU)

·       Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Report:

·       Study of the global Smart Farming market size by key regions, types, and applications with reference to historical data (2017-2027) and forecast (2017-2027)

·       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

Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

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