Asia-pacific Smart Agriculture Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report depicts that the smart agriculture market in the Asia-Pacific would observe growth at a CAGR of 12.12% in the forecast years from 2022 to 2028. India, ASEAN countries, China, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific are scrutinized in the market in this region.
Vertical farming adoption has increased in Japan, driven by environmental degradation and the growing population of aged farmers. The smart agriculture market in the country is expected to develop owing to the use of artificial intelligence in data analysis, harvest computation, and remote-control management of growing areas. In recent years, several agricultural robots have been deployed across farms in Japan, including robots for managing tea plantations & weeding in rice paddies and autonomous drones for pest control. Robots for in-house harvesting have also been installed and are anticipated to gain traction during the forecasted period, thus boosting the market growth.
China has been focusing on developing autonomous agricultural technology and systems in recent years. In August 2022, the Chinese Academy of Agricultural Sciences (CAAS) initiated programs to bolster scientific and technological advancements in agricultural equipment. The country boasts of more than 4.6 million medium- and large-sized domestic tractors that are part of autonomous agricultural machinery systems. And, as of 2021, over 65,000 BeiDou Navigation Satellite System units were installed for automated agriculture. All these factors are expected to propel the smart agriculture market in the country on a growth path.
COMPETITIVE OUTLOOK
The prominent companies in the smart agriculture market are Topcon Positioning Systems Inc, DeLaval, Afimilk Ltd, SemiosBio Technologies Inc, Deere & Company, AKVA, AgJunction, and Trimble Inc.
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