November 4th, 2022
Smart Farming Market Overview:
The research "smart farming technology" seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Smart Farming Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
Smart Farming Market Scope:
The research focuses on the report's growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Smart Farming industry to assess the impact of several variables on Smart Farming market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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The use of artificial intelligence, analytics, sensors, and other developing technologies in farming to boost yields, as well as improve the efficiency of water and other requirements, and shape sustainability for crop cultivation, is driving the expansion of the smart farming market globally. Almost 25% of greenhouse gas emissions are caused by farming, forestry, and land usage for environmental preservation. The farming industry needs to be modified as part of the climate change response. The size, speed, and productivity of agricultural tools have increased thanks to modern technology and machinery, enabling extremely effective land cultivation. Additionally, improvements in seed, irrigation, and fertilisers aid farmers worldwide in raising food yields.
The Smart Farming Market is divided into Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others based on the type of farming. In 2021, the Precision Farming type category accounted for 48% of the market. The segment's expansion is linked to the increased use of smart technologies to improve farm production and efficiency. Precision farming equipment are increasing the profitability of agriculture, which is attracting greater attention from major corporations to invest heavily in the farming industry. Farmers are able to monitor production, eliminate abnormalities in the health of the crop, and increase productivity by 40% by applying Smart Technology, such as computer vision and AI solutions for precision agriculture.
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• John Deere
• Topcon Positioning Systems
• InnovaSea Systems
• InnovaSea Systems
Our analysts have also studied the global Smart Farming market in the following regions:
America, North (the United States, Canada)
European Union (Germany, France, United Kingdom, Russia)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
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Key Questions Answered in the Smart Farming Market Report are:
What will be the CAGR of the Smart Farming market during the forecast period (2021-2029)?
Which segment emerged as the leading segment in the Smart Farming market in 2021?
Which are the key players in the Smart Farming market?
What key trends are likely to emerge in the Smart Farming market in the forecast period?
Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
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