Pune, Maharashtra -- (SBWire) -- 05/16/2023 --The latest study released on the Global Smart Farming Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Smart Farming market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Deere & Company (United States), Trimble ((United States), AGCO (United States), DeLaval (Sweden), AgJunction ((United States), Raven Industries (United States), Gamaya (Switzerland), AG Leader Technology (United States), GEA Group (Germany), Precision Planting (United States), SST Development Group (United States)
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According to HTF Market Intelligence, the Global Smart Farming market to witness a CAGR of 15.06% during forecast period of 2023-2029. The market is segmented by Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Others) by Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Others) by Farm Size (Small, Medium, Large) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Smart farming is a development that highlights the use of information and communication technology in the cyber-physical farm management cycle. New technologies such as the Internet of Things and Cloud Computing are anticipated to influence this development and introduce more robots and artificial intelligence in farming. Increasing demand for food across the world, increasing adoption of technologies in agriculture and government support to adopt modern agricultural techniques are the key factors boosting the market.
Market Trends:
- Environmental protection with the help of smart farming techniques
- Internet of Things (IoT) shaping smart farming market
Market Drivers:
- Increasing adoption of information and communication technologies in farming
- Rising government support to adopt modern agricultural techniques
- Growing demand for higher crop yield owing to increasing population
Market Opportunities:
- Increasing market opportunities in developing countries of Asia Pacific region such as China, India and Japan
- Introduction of big data in agriculture sector
Major Highlights of the Smart Farming Market report released by HTF MI
Market Breakdown by Applications: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Others
Market Breakdown by Types: Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Others
Global Smart Farming market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Smart Farming market by value and volume.
- -To estimate the market shares of major segments of the Smart Farming market.
- -To showcase the development of the Smart Farming market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Smart Farming market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Smart Farming market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Smart Farming market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Smart Farming Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Smart Farming market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Smart Farming Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Smart Farming Market Production by Region Smart Farming Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Smart Farming Market Report:
- Smart Farming Overview, Definition and Classification Market drivers and barriers
- Smart Farming Market Competition by Manufacturers
- Smart Farming Capacity, Production, Revenue (Value) by Region (2023-2029)
- Smart Farming Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Smart Farming Production, Revenue (Value), Price Trend by Type {Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Others}
- Smart Farming Market Analysis by Application {Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking and Forecasting, Irrigation Management, Farm Labor Management, Financial Management, Feeding Management, Others}
- Smart Farming Manufacturers Profiles/Analysis Smart Farming Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Smart Farming market for long-term investment?
- What are influencing factors driving the demand for Smart Farming near future?
- What is the impact analysis of various factors in the Global Smart Farming market growth?
- What are the recent trends in the regional market and how successful they are?
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