HOME Press Releases Smart Agriculture Market worth 11.23 Billion USD by 2022

Smart Agriculture Market worth 11.23 Billion USD by 2022

The report "Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2022", The smart agriculture market is expected to grow from USD 5.18 Billion in 2016 to USD 11.23 Billion by 2022, at a CAGR of 13.27% between 2017 and 2022.

Browse 65 market data tables and 76 figures spread through 210 pages and in-depth TOC on "Smart Agriculture Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.

The factors such as increasing application of technologies in agriculture, rising need of monitoring livestock performance and health, governmentís support to adopt modern agricultural techniques, and increasing demand for food worldwide are driving the growth of the smart agriculture market.

Hardware components to hold a major share of the smart agriculture market between 2017 and 2022

Hardware component is expected to hold a major share of the smart agriculture market between 2017 and 2022, owing of their widespread use in the smart agriculture industry. Smart agriculture involves hardware devices and tools to minimize input and increase output productivity of lands and crop yields. Automation and control systems such as global positioning system (GPS) receivers, guidance and steering devices, and variable rate technology (VRT) tools play a major role in the smart agriculture industry.

Smart agriculture market for fish farming applications to grow at a significant rate between 2016 and 2022

Smart agriculture pertaining to fish farming involves the use of techniques and tools such as sensors, GPS, and mobile phones to improve productivity. The implementation of smart technologies in fish farming helps in monitoring feeding patterns, detecting diseases in fish in advance, controlling water quality, combating illegal fishing, and so on. The GPS technology is used in fishing fleets to navigate efficient fishing locations and track fish migration, among others. The increasing demand for fish tracking and river mapping services is a major reason behind the marketís high growth rate.

Americas held the largest share of the smart agriculture market in 2016

The Americas accounted for a major share of the smart agriculture market in 2016, and the same trend is expected to follow during the forecast period as it is home to several players in the smart agriculture market such as Deere & Company (U.S.), Trimble, Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction, Inc. (U.S.), and AGCO Corporation (U.S.). These companies have contributed to the growth of the smart agriculture market by launching innovative products and services and by spending extensively on the R&D of smart agriculture solutions.

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companiesí revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model Ė GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarketsís flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports