Smart Farming Market Overview:

The Smart Farming market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Smart Farming Market, as well as the causes for variances in the industry's growth in various places.

Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

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Segmentation:

Based on the Farming Type, the Smart Farming Market is segmented into Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others. The Precision Farming type segment held the largest market share accounting for 48% in 2021. The segment growth is attributed to the growing adoption of smart technology to increase farm efficiency and productivity of yield. The implementation of precision farming tools is making agriculture more profitable, which gaining more attention from major companies to make a huge investment in the farming sector. By implementing Smart Technology, such as computer vision and AI solutions for precision agriculture, farmers are able to manage yield, and eliminate irregularities in the crop's well-being, along with surge productivity by 40%.

The Livestock Monitoring segment is expected to witness significant growth at a CAGR of 9.1% during the forecast period. Livestock Monitoring helps the farmers by tracking the real-time monitoring of health, production, and welfare of livestock to enhance yields. The increasing size of farms and rising technological advancements are boosting the product demand for livestock monitoring management.

Key Players:

The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Smart Farming market are as follows:

 

• John Deere
• Trimble
• Topcon Positioning Systems
• DeLaval
• AKVA
• Antelliq
• Afimilk
• InnovaSea Systems
• Heliospectra
• LumiGroW
• InnovaSea Systems
• ABACO
• Treemetrics
• Raven Industries
• AG Leader Technology
• The Climate Corporation

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Smart Farming market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Smart Farming Market:

Due to a break in operations, end-user sectors where Smart Farming are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Smart Farming manufacturers, affecting the development of the Smart Farming market in 2020. End-user business demand for Smart Farming has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Smart Farming Market Report are:

  • Which segment had the largest share in the Smart Farming market in 2021?
  • What is the competitive landscape of the Smart Farming market?
  • Which are the key drivers aiding the Smart Farming market growth?
  • Which region has the maximum share in the Smart Farming market?
  • What will be the CAGR of the Smart Farming market during the forecast period (2021-2027)?

 

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