Smart Farming Market Projected to Hit USD 33.69 billion at a 12.86% CAGR by 2030 

The global Smart Farming Market research report delivers a widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. SWOT analysis and Porter’s Five Forces analysis are the two consistently and promisingly used tools for generating This report. The report provides valuable and actionable market insights for creating sustainable and profitable business strategies. The report surely acts as a great source of motivation to seek new business ventures and evolve better. Smart Farming business report works on all the aspects of market that are required to generate the finest and top-notch market research report.

A dependable Smart Farming Market research report aids understand the most affecting driving and restraining forces in the market and its impact on the global market. In This report, estimations about the existing state of the market, market size and market share, revenue generated from the product sale, and necessary changes required in the future products are given in an appropriate way. This swiftly transforming market place increases the importance of market research report and hence This market report has been created in such a way that is anticipated. Global Smart Farming Market study derives market drivers and restraints by using SWOT analysis, along with their impact on the demand over the forecast period.

Global Smart Farming Market was valued at USD 12.80 billion in 2021 and is expected to reach USD 33.69 billion by 2029, registering a CAGR of 12.86% during the forecast period of 2022-2029. Livestock Monitoring accounts for the largest agriculture type segment in the respective market owing to the rise in consciousness regarding health of animals. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Some of the major players operating in the Smart Farming market are:

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

Based on the Smart Farming Market Segmentations:

Agriculture Type

Precision Farming

Livestock Monitoring

Fish Farming

Smart Greenhouse

Others

Software

Web Based

Cloud Based

Service

System Integration and Consulting

Support and Maintenance

Connectivity Services

Managed Services

Professional Services

Solution

Network Management

Agriculture Asset Management

Supervisory Control and Data Acquisition

Logistics and Supply Chain Management

Smart Water Management

Others

Application

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

Others

Digital Lending Platform Market Regional Analysis:

North America: (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)

Asia-Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)

Latin America: (Mexico, Brazil, Argentina, Colombia)

Middle East & Africa: (Turkey, Saudi Arabia, UAE)

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Smart Farming Market Dynamics

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 farming 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.

Concerns regarding Soil Erosion

The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.

Additionally, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively impact the smart farming market.

Opportunities

Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.

Report Objectives

• Analyzing the size of the Smart Farming market on the basis of value and volume
• Accurately calculating the market shares, consumption, and other vital factors of different segments of the Smart Farming market
• Exploring key dynamics of the Smart Farming market
• Highlighting important trends of the Smart Farming market in terms of production, revenue, and sales
• Deeply profiling top players of the Smart Farming market and showing how they compete in the industry
• Studying manufacturing processes and costs, product pricing, and various trends related to them
• Showing the performance of different regions and countries in the Smart Farming market
• Forecasting the market size and share of all segments, regions, and the market.

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Recent Developments

DeLaval launched RC550 & RC700, a robot collector designed for solid floors in March’2021. These products enhance cow comfort and hoof condition. These robots are capable of handling manure without using additional water due to their unique rotary manure intake system.

John Deere added a new Work Planner feature in January’2021 to help farmers in streamlining their work setup experience. They assist operators work more quickly in the field, and provides farmers with a holistic tool to manage their farms.

Table of Contents

Report Overview: It includes major players of the Smart Farming market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Smart Farming market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Smart Farming market are discussed.

Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application: Besides an overview of the Smart Farming market by application, it gives a study on the consumption in the Smart Farming market by application.

Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles: Almost all leading players of the Smart Farming market are profiled in this section. The analysts have provided information about their recent developments in the Smart Farming market, products, revenue, production, business, and company.

Market Forecast by Production: The production and production value forecasts included in this section are for the Smart Farming market as well as for key regional markets.

Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the Smart Farming market as well as for key regional markets.

Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the Smart Farming market.

Key Findings: This section gives a quick look at important findings of the research study.

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