India Smart Agriculture Market Forecast 2022-2028KEY FINDINGS
The India smart agriculture market is expected to record a CAGR of 13.38% during the forecast period, 2022-2028. The favorable subsidiaries by the government have been encouraging the adoption of smart agriculture techniques, contributing to increased market demands.
MARKET INSIGHTS
In India, investments from international companies and the government have surged the research and development among several Indian Agri-Tech startups and firms. For instance, in February 2022, the Union Budget (2022-2023) launched the PM Kisan Samman Nidhi Scheme, which will grant $26.4 billion to over 110 million Indian farmers for agricultural technology upgrades and create a reliable Agri waste management system.
In addition, as per a National Association of Software and Services Companies (NASSCOM) survey, as of 2019, there were over 450 tech-driven startups. This has surged in the last two years, given the increased investments and funds. Also, agri-based tech-driven start-ups have been innovative in revolutionizing farming techniques and assisting farmers. Besides, they have addressed climate change concerns through climate-smart farming. Furthermore, according to the India Brand Equity Foundation (IBEF), agriculture accounts for around 14% of the country’s overall greenhouse gas emissions. Climate-smart agriculture (CSA) can aid in the transition of agri-food systems responsively and mitigate climate change’s devastating effects.
COMPETITIVE INSIGHTS
Some of the leading companies in the market are Trimble Inc, MSD Animal Health (Merck & Co), DeLaval, Aibono, Deere & Company, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Key Growth Enablers
- 2.5. Key Challenges
- 3. Key Analytics
- 3.1. Impact Of Covid-19 On Smart Agriculture Market
- 3.2. Key Market Trends
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Buyers Power
- 3.3.2. Suppliers Power
- 3.3.3. Substitution
- 3.3.4. New Entrants
- 3.3.5. Industry Rivalry
- 3.4. Opportunity Matrix
- 3.5. Pestle Analysis – India
- 3.6. Key Buying Criteria
- 3.6.1. Data Analysis
- 3.6.2. Connectivity
- 3.6.3. Data Security
- 3.6.4. Data Collection Frequency
- 3.7. Regulatory Framework
- 4. Market By Type
- 4.1. Precision Farming
- 4.2. Livestock Monitoring
- 4.3. Precision Aquaculture
- 4.4. Smart Greenhouse
- 5. Market By Component
- 5.1. Solution
- 5.1.1. Hardware
- 5.1.1.1. Hvac Systems
- 5.1.1.2. Led Grow Lights
- 5.1.1.3. Valves & Pumps
- 5.1.1.4. Sensors & Control Systems
- 5.1.1.5. Other Hardware
- 5.1.2. Software
- 5.1.2.1. Network Management
- 5.1.2.2. Agriculture Asset Management
- 5.1.2.3. Smart Water Management
- 5.1.2.4. Irrigation Management
- 5.2. Service
- 5.2.1. Consulting
- 5.2.2. System Integration And Deployment
- 5.2.3. Support And Maintenance
- 5.3. Connectivity Technology
- 5.3.1. Cellular Iot
- 5.3.2. Lora
- 5.3.3. Nb-iot
- 5.3.4. Global Navigation Satellite System (Gnss)
- 5.3.5. Wi-fi
- 5.3.6. Sigfox
- 5.3.7. Wireline
- 5.3.8. Wireless Personal Area Network (Wpan)
- 5.3.9. Other Connectivity Technologies
- 6. Competitive Landscape
- 6.1. Key Strategic Developments
- 6.1.1. Mergers & Acquisitions
- 6.1.2. Product Launches & Developments
- 6.1.3. Partnerships & Agreements
- 6.2. Company Profiles
- 6.2.1. Aibono
- 6.2.2. Deere & Company
- 6.2.3. Delaval
- 6.2.4. Msd Animal Health (Merck & Co)
- 6.2.5. Trimble Inc
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