Delvens has released a new research study titled "Smart Farming Market” analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
Smart Farming Market size was estimated at USD 14.5 billion in 2023 and is projected to reach USD 30.6 billion in 2030 at a CAGR of 11.2% during the forecast period 2023-2030.
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Smart farming refers to the utilization of one or more technologies in the agricultural process to enhance efficiency and effectiveness. It embodies an innovative and sophisticated approach towards farming in order to attain maximum output and minimize human labor.
Advanced technology encompasses the utilization of hardware, service, and software in the agricultural process, including techniques such as irrigation management, crop scouting, harvesting, and seeding.
Top Key Competitors of Smart Farming Market:
· Ag Leader Technology
· AgEagle Aerial Systems Inc.
· AgJunction
· AgriData Incorporated.
· Aker Solutions
· Auroras s.r.l.
· Ceres Imaging, Inc
· Conservis
· CropX inc.
· Deere & Company.
· Farmers Edge Inc
· Gamaya
· Granular, Inc.
· Grownetics, Inc.
· Iteris, Inc.
· Mothive
· Raven Industries, Inc.
· Reed Business Information Ltd
· The Climate Corporation
· Topcon Corporation
· Trimble Inc.
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Recent Developments
· In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers address the challenges associated with input costs, labor, regulatory requirements, and environmental goals.
· In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.
Regional Analysis
· North America to Dominate the Market
· North America is estimated to account for the largest market share during the forecast period because of the gradual deployment of smart agriculture services within the region.
· Moreover, the strong presence of the key providers of smart farming technologies is expected to boost the North American market growth.
Table of Contents:
The Smart Farming Market is segmented into various segments such as agriculture type, software, services, application, and region:
· Based on Agriculture Type
· Based on the Offering
· Based on the Service
· Based on Application
· Based on Region
· The prominent players in the Smart Farming Market are
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