Global Smart Agriculture Solution Market was valued at USD 14.11 billion in 2021 and is expected to reach USD 42.06 billion by 2029, registering a CAGR of 12.90% during the forecast period of 2022-2029. “Hardware” accounts for the largest application segment in the respective market owing to the increase in adoption of drones in agricultural activities for enhancing product activity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Key components of the Smart Agriculture Solution report encompass a thorough examination of market drivers and restraints, an in-depth exploration of key industry players, meticulous market segmentation analysis, and a competitive assessment of prominent market participants. Employing efficient and advanced methodologies, the Smart Agriculture Solution market research report incorporates essential tools such as SWOT analysis and Porter's Five Forces Analysis. It delves deep into market scrutiny, aiding in revenue estimation, return on investment (ROI) calculation, and the formulation of effective business strategies. Furthermore, the report delves into the global market share of major competitors, with a geographical focus on regions including Europe, North America, Asia Pacific, and South America, offering a comprehensive perspective in this invaluable market research report."

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To achieve robust business growth, companies must embrace the indispensable service of market research reports in today's rapidly evolving marketplace. The Smart Agriculture Solution report, brimming with the latest market insights and analyses, serves as a beacon, bringing clarity to the marketplace. This comprehensive market research study scrutinizes various facets, including market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributor networks. Moreover, the Smart Agriculture Solution market report casts a spotlight on pivotal market dynamics, the current market landscape, and future prospects within the Smart Agriculture Solution industry. Crafted through a harmonious blend of industry acumen, innovative solutions, practical expertise, and cutting-edge technology to elevate user experiences.

Smart agriculture is being widely adopted globally as it enhances the yield per unit of farming land to acquire best in terms of quantity, quality, and financial returns. The technology assists in better decision making, reduces waste and maximizes efficiency in operations.

Key Growth Drivers:

  • Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of smart agriculture solution market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

The report outlines the involvement of key players, including:

Grownetics, Inc. (US), Auroras s.r.l. (Italy), Granular, Inc. (San Francisco), TOPCON CORPORATION (Japan), The Climate Corporation (US), Farmers Edge Inc (Canada), DICKEY-john. (US), Conservis (US), Ag Leader Technology. (US), Raven Industries, Inc. (US), Iteris, Inc. (US), Reed Business Information Ltd (US), AgJunction (Canada), Trimble Inc. (US), Deere & Company. (US), Mothive (US), CropX inc. (US), Ceres Imaging, Inc (US), GAMAYA (Switzerland), AgriData Incorporated. (US), AgEagle Aerial Systems Inc. (US),and Aker Solutions (Norway), among others

Key Market Segmentation

Component (Hardware, Software and Services), Application (Automated Machinery Guidance Control, Obstacle Detection, Tractor Collision, Machinery Safety and Monitoring, Variable Rate Technology and Premises Surveillance)

 

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