Global Smart Agriculture Market Growth (Status and Outlook) 2023-2029

Global Smart Agriculture Market Growth (Status and Outlook) 2023-2029

Smart agriculture, allows farmers to maximize yields using minimal resources such as water, fertilizer, and seeds. By deploying sensors and mapping fields, farmers can begin to understand their crops at a micro scale, conserve resources, and reduce impacts on the environment. Smart agriculture has roots going back to the 1980s when Global Positioning System (GPS) capability became accessible for civilian use. Once farmers were able to accurately map their crop fields, they could monitor and apply fertilizer and weed treatments only to areas that required it. During the 1990s, early precision agriculture users adopted crop yield monitoring to generate fertilizer and pH correction recommendations. As more variables could be measured and entered into a crop model, more accurate recommendations for fertilizer application, watering, and even peak yield harvesting, could be made. A number of sensing technologies are used in precision agriculture, providing data that helps farmers monitor and optimize crops, as well as adapt to changing environmental factors. This report mainly covers the Smart agriculture senor and robot and other device. software and other service solution is not covered.
LPI (LP Information)' newest research report, the “Smart Agriculture Industry Forecast” looks at past sales and reviews total world Smart Agriculture sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Agriculture sales for 2023 through 2029. With Smart Agriculture sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Agriculture industry.
This Insight Report provides a comprehensive analysis of the global Smart Agriculture landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Agriculture portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Agriculture market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Agriculture and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Agriculture.
The global Smart Agriculture market size is projected to grow from US$ 3948.9 million in 2022 to US$ 7675.1 million in 2029; it is expected to grow at a CAGR of 10.0% from 2023 to 2029.
The industry's leading producers are Texas Instruments, AGCO Corporation and GEA Farm Technologies, with revenue ratios of 8.10%, 11.00% and 2.67%, respectively, in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Agriculture market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Smart Agriculture Sensor
Smart Agriculture Robot
Agricultural Drone
Others
Segmentation by application
Planting Agriculture
Horticulture
Livestock Monitoring
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Texas Instruments
John Deere
AKVA Group
Robotics Plus
AGCO Corporation
GEA Farm Technologies
CropX
Trimble Inc
Yamaha
Lely
DeLaval
YANMAR
FarmBot
Raven Industries
AG Leader Technology
TOPCON Positioning Systems
AG Junction
Allflex
AeroFarms
Osram Licht AG
XAG
Kebai Science
Shenzhen High-tech New Agriculture Technology

Please note: The report will take approximately 2 business days to prepare and deliver.