Smart agriculture market size is valued at USD 11,201.2 million by 2028 and is expected to expand at a compound annual growth rate of 8.60% over the forecast period of 2021 to 2028. The high adoption of advanced technologies in agriculture is the factor for the smart agriculture market in the forecast period of 2021 to 2028.

Smart agriculture is a process of performing agricultural activities using advanced technologies. Also the smart agriculture is an innovative way of carrying out farming activities by dropping human efforts and by making utmost utilization of the available resources.

The smart agriculture market is likely to gain growth, due to the high adoption of advanced technologies such as IOT and AI in aquaculture farms. Also the growing prominence on tumbling management cost by adopting advanced livestock monitoring products and rising focus of farmers on livestock monitoring and disease detection are expected to drive the market for smart agriculture over the forecast period of 2021 to 2028. Moreover factors such as increasing income levels and demand for protein-rich aqua food, increasing pressure on food supply system owing to rapidly growing population as well as the rising use of modern technologies in agriculture farms are the key determinants fueling the growth of the target market. 

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The major players covered in the smart agriculture report are Ag Leader Technology, AGCO Corporation, CNH INDUSTRIAL N.V., AgJunction, Raven Industries, Inc., Precision Planting LLC., SemiosBio Technologies Inc., LexisNexis Risk Solutions Group, The Climate Corporation, Topcon, Trimble Inc., CropZilla, Certhon, DeLaval, AgEagle Aerial Systems Inc, Auroras s.r.l., AgriData Incorporated, Deere Company, Aker Technologies, Inc., and Grownetics, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understands competitive strengths and provide competitive analysis for each competitor separately.

Scope of the Smart Agriculture Market Report: 

Smart agriculture market is segmented on the basis of agriculture type, solution, offering and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of agriculture type, the smart agriculture market is segmented into precision farming, precision forestry, livestock monitoring, smart greenhouse, precision aquaculture and others. Precision aquaculture is further segmented into smart feeding systems, monitoring and control systems, underwater remotely operated vehicles and others.
• Based on solution, the smart agriculture market is segmented into network management, agriculture asset management, supervisory control and data acquisition, logistics and supply chain management, smart water management and others
• Based on offering, the smart agriculture market is segmented into hardware, software and services. Hardware is further segmented into automation and control systems and sensing and monitoring devices. Automation and control systems are further sub-segmented into displays, guidance and steering systems, GPS/GNSS devices, drones/UAVs, irrigation controllers, handheld mobile devices/handheld computers, flow and application control devices and others. Sensing and monitoring devices are further sub-segmented into yield monitors, soil sensors, water sensors, climate sensors and others. Software is further segmented into web based and cloud based. Services have further been segmented into system integration and consulting, support and maintenance, connectivity services, managed services and professional services
• The smart agriculture market is also segmented on the basis of application into yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, farm labor management, financial management, feeding management, milk harvesting, breeding management, fish tracking and fleet navigation, water quality management, HVAC management and others.

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Smart Agriculture Market Regional Analysis/Insights

The Smart Agriculture market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Smart Agriculture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Smart Agriculture within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Smart Agriculture market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

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