According to MarketIntelReports’ “Global Smart Agriculture/Farming Market Research Report 2017”:
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The Smart Agriculture /Farming Market is growing faster due to the implementation of services like Big Data, cloud based services, and IoT. The data which is derived from such technologies helps farmers to have high yield of crops. Rising population which fuels the demand for food will also boost the demand for smart agriculture. Implementation of high speed internet in remote areas also boosts the growth for smart farm technology. The scarcity of land in the urban areas has compelled growers to choose new solutions for developing fresh products. The traditional farming techniques have faced obstacles like high labor cost and climate changes. These disadvantages can be overcome with the help of IoT based agriculture.
Scope & Regional Forecast of the Smart Agriculture /Farming Market
The increased automation of green houses and implementation of Controlled Environment Agriculture in green houses are the factors which enhance the growth of the Smart Agriculture/Farming Market. Cultivators have now learnt about the new technology in farming such as the usage of LED lights. These lights are useful for indoor farming due to their energy efficiency.
Growing government initiatives will spur the growth of agriculture sensors in North America during the forecast period. Asia Pacific is expected to have the highest growth, even though Smart Farming is in the adoption stage in the region.
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Irrigation management, yield monitoring, and field mapping have applications in future farm technology. The weather monitoring forecast segment will have the highest growth during the forecast period.
The advent of precision agriculture tools along with the low prices of the connected devices have a positive impact on the South American market.
Segmentations & Key Players Involved in the Smart Agriculture / Farming Market
The Smart Agriculture / Farming Market can be broken down into various segments as follows:
Product- Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others.
Application- Precision Farming Application, Livestock Monitoring Application, and Smart Greenhouse Application.
Region- North America, Europe, China, Japan, Southeast Asia, and India.
Some of the key players involved in the Smart Agriculture/ Farming Market are as follows:
Argus Control Systems Ltd. (Canada)
Agribotix LLC (U.S.)
Autonomous Solutions, Inc. (U.S.)
CNH Industrial (UK)
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