The 2023-2028 World Outlook for Smart Agriculture Precision Farming

The 2023-2028 World Outlook for Smart Agriculture Precision Farming

This study covers the world outlook for smart agriculture precision farming across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers smart agriculture precision farming as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for smart agriculture precision farming is 3121. It is for this definition that aggregate latent demand estimates are derived. Smart agriculture precision farming is specifically defined as follows:

3121 Beverage Manufacturing

31211 This industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing soft drinks; (2) manufacturing ice; and (3) purifying and bottling water.

31212 See industry description for 312120.

31213 See industry description for 312130.

31214 See industry description for 312140.

312111 This U.S. industry comprises establishments primarily engaged in manufacturing soft drinks and artificially carbonated waters.

312112 This U.S. industry comprises establishments primarily engaged in purifying and bottling water (including naturally carbonated).

312113 This U.S. industry comprises establishments primarily engaged in manufacturing ice.

312120 This industry comprises establishments primarily engaged in brewing beer, ale, malt liquors, and nonalcoholic beer.

312130 This industry comprises establishments primarily engaged in one or more of the following: (1) growing grapes and manufacturing wine and brandies; (2) manufacturing wine and brandies from grapes and other fruits grown elsewhere; and (3) blending wines and brandies.