Smart agriculture or smart farming is a farming management concept that uses modern technology to increase the quality and quantity of agricultural products. Smart agriculture solution helps various entities including farmers and distributors in the value chain, in order to transform and reorient agricultural systems to optimize food productivity. This, in turn, ensures higher productivity with the effective use of resources and prevention of food loss to a certain extent. Both hardware and software components are part of smart agriculture solutions. Hardware components include sensor monitoring, smart detection, GPS enabled ranging systems, and drones.
Market Dynamics
Cost and size of various sensors such as temperature, load, and vibration have decreased significantly in the recent past. This is typically due to technological advancements in the semiconductor industry along with intense competition among various manufacturers. Such sensors are an important component in the market and serve to collect and formulate information required for testing and monitoring health and status of crops, soil, weather, etc. Thus, these factors are expected to drive growth of the global smart agriculture solution market during the forecast period. Condition and status of soil and its properties are crucial for making decisions concerning sustainable soil management, which in turn, contributes to appropriate land use. It is vital to carry out soil assessments and undertake analysis and mapping of data and information through soil surveys. Therefore, these factors are expected to propel the global smart agriculture solution market growth over the forecast period.
Market Taxonomy
This report segments the Global Smart Agriculture Solution Market on the basis of Component, Solution, and Region. On the basis of Component, Global Smart Agriculture Solution Market is segmented into Hardware (Sensor Monitoring System, Smart Detection System, GPS Enabled Ranging System And Drones), Software, Service (Climate Information Service, Supply Chain Management Service And Others(System Integration, Maintenance and Consulting Service). On the basis of Solution, the Global Smart Agriculture Solution Market is segmented into Automated Machinery Guidance Control, Tractor Collision and Obstacle Detection, Machinery Safety and Parameter Monitoring, Variable Rate Technology and Building and Premise Surveillance. On the basis of region, Global Smart Agriculture Solution Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
Detailed Componentation:
Browse all the market data tables and figures on “Global Smart Agriculture Solution Market - Forecast to 2027”
*Browse market data tables and figures on “Global Smart Agriculture Solution Market -forecast to 2027”.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients