The
global smart agriculture/farming market is anticipated to
reach USD 18.21 billion by 2025, according to a new report by Grand View
Research, Inc. Factors such as consistent growth in population, low
availability of cultivable land, government incentives, and demand for fresh
and high-quality food are expected to drive the smart greenhouse market.
According to World Health Organization (WHO) and Population Council, 80% of the
global population resides in urban cities. The prevailing scarcity of land in
urban cities has urged growers to adopt new solutions for developing fresh
produces. For instance, the vertical farming technique enables consumers to
grow crops indoor in layers, in a multi-story building, stacked on racks, or in
a warehouse.
The growing
population is expected to result in an increased food demand by 2050. Farmers
are likely to witness immense pressure in increasing crop production either by
making more land available to grow crops or adopting newer techniques, such as
smart agriculture and vertical farming. Traditional farming techniques witness
several barriers such as climate change, high labor cost. These disadvantages
can be overcome with the use of technologies such as LED indoor farming, which
creates a nature-like condition to help farmers meet the swelling food demand.
Additionally, the changing preference of consumers toward healthier and fresh
foods is expected to drive market growth over the forecast period.
Russia smart agriculture market by type, 2014 - 2025 (USD Million) |
Agri M2M
offers significant opportunities to mobile operators owing to its potential to
generate additional revenue through value-added services. For instance,
bundling M2M services with a voice or data offering for rural enterprise
customers is likely to enhance the application of M2M.
Agri VAS has
been developed to overcome the information gap faced by farmers in emerging
markets such as China and India. Additionally, it also helps in connecting the
cultivators with other key players in the agriculture supply chain. Agriculture
Value Added Services (VAS) have increased over the past few years owing to
their rising awareness among VAS providers, mobile operators, and farmers. A
few types of M2M connectivity include cellular M2M, satellite & fixed network,
power line, and short range connections such as Wi-Fi, Ethernet, and ZigBee.
Full
Research Report On Global Smart Agriculture/Farming Market Analysis:
www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market
www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market
Further
key findings from the report suggest:
- The growing trend of
producing bio-pharmaceutical products under a controlled environment is
expected to drive the smart greenhouse market demand over the projected
period.
- The software segment is
expected to portray the highest growth rate, registering a CAGR of 16.7%
over the forecast period.
- The LED grow light segment
is anticipated to witness a considerable growth rate over the forecast
period.
- The indoor farming
technique makes use of LED to create natural surroundings for growing
vegetables and herbs.
- The advent of modern
agriculture technology along with the flexible pricing of connected devices
is likely to influence the South American regional market demand.
- Various organizations are
investing heavily in R&D to offer efficient and low-cost solutions to
consumers.
- Key players in the smart
farming market includeCropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval
International AB (Sweden), DICKEY-john Corporation (U.S.), and Farmers
Edge, Inc. (Canada), among others.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the smart agriculture market based on
agriculture type, offering, application, and region:
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Precision
farming
- Livestock
monitoring
- Smart
greenhouse
- Others
Offering
Outlook (Revenue, USD Million; 2014 - 2025)
- Hardware
- Automation
& control systems
- Drones
- Application
control devices
- Guidance
system
- GPS
- GIS
- Remote
sensing
- Handheld
- Satellite
sensing
- Driverless
tractors
- Mobile
devices
- VRT
- Map-based
- Sensor-based
- Wireless
modules
- Bluetooth
technology
- Wi-Fi
technology
- Zigbee
technology
- RF
technology
- Milking
robots
- Sensing
devices
- Soil
sensor
- Nutrient
sensor
- Moisture
sensor
- Temperature
sensor
- Water
sensors
- Climate
sensors
- Others
- HVAC
system
- LED
grow light
- RFID
tags & readers
- Software
- Web-based
- Cloud-based
- Services
- System
integration & consulting
- Maintenance
& support
- Managed
services
- Data
services
- Analytics
services
- Farm
operation services
- Assisted
professional services
- Supply
chain management services
- Climate
information services
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Precision
farming application
- Yield
monitoring
- On-farm
- Off-farm
- Field
mapping
- Crop
scouting
- Weather
tracking & forecasting
- Irrigation
management
- Inventory
management
- Farm
labor management
- Livestock
monitoring application
- Milk
harvesting
- Breeding
management
- Feeding
management
- Animal
comfort management
- Others
- Smart
greenhouse application
- Water
& fertilizer management
- HVAC
management
- Yield
monitoring
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Asia
Pacific
- China
- India
- Japan
- Australia
- South
America
- Brazil
- Middle
East and Africa (MEA)
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-smart-agriculture-farming-market
www.grandviewresearch.com/press-release/global-smart-agriculture-farming-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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