The global smartagriculture/farming market is
anticipated to reach USD 18.21 billion by 2025, according to a new report by
Grand View Research, Inc. Factors such as consistent growth in population, low
availability of cultivable land, government incentives, and demand for fresh
and high-quality food are expected to drive the smart greenhouse market.
According to World Health Organization (WHO) and Population Council, 80% of the
global population resides in urban cities. The prevailing scarcity of land in
urban cities has urged growers to adopt new solutions for developing fresh
produces. For instance, the vertical farming technique enables consumers to
grow crops indoor in layers, in a multi-story building, stacked on racks, or in
a warehouse.
The growing population is expected to
result in an increased food demand by 2050. Farmers are likely to witness
immense pressure in increasing crop production either by making more land
available to grow crops or adopting newer techniques, such as smart agriculture
and vertical farming. Traditional farming techniques witness several barriers
such as climate change, high labor cost. These disadvantages can be overcome
with the use of technologies such as LED indoor farming, which creates a nature-like
condition to help farmers meet the swelling food demand. Additionally, the
changing preference of consumers toward healthier and fresh foods is expected
to drive market growth over the forecast period.
Agri M2M offers significant opportunities
to mobile operators owing to its potential to generate additional revenue
through value-added services. For instance, bundling M2M services with a voice
or data offering for rural enterprise customers is likely to enhance the
application of M2M.
Agri VAS has been developed to overcome the
information gap faced by farmers in emerging markets such as China and India.
Additionally, it also helps in connecting the cultivators with other key
players in the agriculture supply chain. Agriculture Value Added Services (VAS)
have increased over the past few years owing to their rising awareness among
VAS providers, mobile operators, and farmers. A few types of M2M connectivity
include cellular M2M, satellite & fixed network, power line, and short
range connections such as Wi-Fi, Ethernet, and ZigBee.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market
Further key findings from the report suggest:
·
The growing trend of producing
bio-pharmaceutical products under a controlled environment is expected to drive
the smart greenhouse market demand over the projected period.
·
The software segment is expected to portray
the highest growth rate, registering a CAGR of 16.7% over the forecast period.
·
The LED grow light segment is anticipated
to witness a considerable growth rate over the forecast period.
·
The indoor farming technique makes use of
LED to create natural surroundings for growing vegetables and herbs.
·
The advent of modern agriculture technology
along with the flexible pricing of connected devices is likely to influence the
South American regional market demand.
·
Various organizations are investing heavily
in R&D to offer efficient and low-cost solutions to consumers.
·
Key players in the smart farming market
includeCropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval International AB
(Sweden), DICKEY-john Corporation (U.S.), and Farmers Edge, Inc. (Canada),
among others.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the smart
agriculture market based on agriculture type, offering, application, and
region:
Type Outlook (Revenue, USD Million; 2014 - 2025)
·
Precision farming
·
Livestock monitoring
·
Smart greenhouse
·
Others
Offering Outlook (Revenue, USD Million; 2014 - 2025)
·
Hardware
o Automation & control systems
o Drones
o Application control devices
o Guidance system
o GPS
o GIS
o Remote sensing
o Handheld
o Satellite sensing
o Driverless tractors
o Mobile devices
o VRT
o Map-based
o Sensor-based
o Wireless modules
o Bluetooth technology
o Wi-Fi technology
o Zigbee technology
o RF technology
o Milking robots
o Sensing devices
o Soil sensor
o Nutrient sensor
o Moisture sensor
o Temperature sensor
o Water sensors
o Climate sensors
o Others
o HVAC system
o LED grow light
o RFID tags & readers
·
Software
o Web-based
o Cloud-based
·
Services
o System integration & consulting
o Maintenance & support
o Managed services
o Data services
o Analytics services
o Farm operation services
o Assisted professional services
o Supply chain management services
o Climate information services
Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Precision farming application
o Yield monitoring
o On-farm
o Off-farm
o Field mapping
o Crop scouting
o Weather tracking & forecasting
o Irrigation management
o Inventory management
o Farm labor management
·
Livestock monitoring application
o Milk harvesting
o Breeding management
o Feeding management
o Animal comfort management
o Others
·
Smart greenhouse application
o Water & fertilizer management
o HVAC management
o Yield monitoring
o Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
o Russia
·
Asia Pacific
o China
o India
o Japan
o Australia
·
South America
o Brazil
·
Middle East and Africa (MEA)
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-smart-agriculture-farming-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
