Europe Smart Agriculture Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report on the European smart agriculture market estimates it to grow with a CAGR of 9.90% over the forecast years between 2022 and 2028. Spain, Italy, Germany, France, the United Kingdom, and Rest of Europe are considered in the market report of this region.
Technology has led agri-tech start-ups in France to develop software, algorithms, artificial intelligence, drones, satellites, and robots. For instance, Paris-based La Ferme Digitale is working on 45 projects to incorporate digital technology on farms. It aims to produce organic fertilizers, set up marketplaces, develop decision-support software, and crowdfund MiiMOSA, a site for agriculture and food.
Further, nearly 250 startups are focusing on the agricultural technology sector. As a result, the aforementioned factors will boost digitalization and smart agricultural practices over the forecast period, widening the market’s scope in the country.
Smart farming solutions have been moderately incorporated into traditional farming methods in Spain. The younger generation of farmers in the country is showing inclination towards hi-tech education to strengthen their multidisciplinary skill sets.
This includes knowledge of robotics, informatics, chemistry, biology, and meteorology, in addition to being able to operate machinery. Additionally, the country’s agricultural sector has not completely utilized the economic potential of digital technologies and advanced farm management systems, which opens new opportunities for the smart agriculture market.
COMPETITIVE OUTLOOK
The primary contenders in the smart agriculture market include Deere & Company, AGCO Corporation, AgJunction, InnovaSea Systems Inc, Afimilk Ltd, DeLaval, Trimble Inc, and The Climate Corporation (Bayer AG).
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