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Smart Agriculture Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Latest updates on Smart Agriculture market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Although the deficiency of technical finesse among farmers can be a major roadblock, the raging penetration of the internet would certainly add a zing of technology to agriculture. The rising adoption of smart technology provides a viable avenue for sustainable agriculture that has unmatched potential to boost crop yield, regardless of climatic variations, by using cutting-edge technology.

The advent of smart agriculture empowers farmers with classic inputs regarding seeds, labor, and fertilizers, enhancing revenue generation. Intelligent cultivation decisions can be made by securing key information. Farmers, solution providers, and farm equipment manufacturers are espousing the internet of things (IoT) to tap advantages of the smart agriculture market.

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The smart agriculture market has picked rapid pace over the recent years, majorly driven by increasing demand for crop production, quality, and crop safety. The market has been experiencing robust growth on account of the determinants like surging population which amplifies the demand for edibles, cattle management, enhanced crop production and crop quality with high-end technology, curtailed use of fertilizers or pesticides, an inadequacy of plough-able land, and government encouragement for adoption of smart agriculture technology. Consequently, smart agriculture market is all set to experience a radical growth in the coming years.

Smart Agriculture Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Smart Agriculture Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

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The smart agriculture market is truly massive, and is segmented on the basis of types, offerings, applications, and geographies. Elaborating on the types, smart agriculture market encompasses precision farming, fish farming, smart greenhouses, livestock monitoring, and others like orchid, horticulture, and forestry.

Smart agricultural applications are very wide-ranging, and can be classified into smart greenhouses applications, livestock monitoring applications, fish farming applications, precision farming applications, and others (horticulture, forestry, orchid). It is imperative to mention that HVAC management, yield monitoring, fertilizer and water management are prominent smart greenhouse applications.

The agriculture market is prone to plenty of unpredictable challenges including drought, flood, global warming, cyclones, earthquake, forest fire, avalanche, and others. To an extent, these can be intelligently tackled with weather forecasting technology, as a prior prediction will allow farmers to stay prepared and brainstorm better agricultural decisions.

Dependent on offerings, the smart agriculture market can be split into three categories software, hardware, and services. The rising livestock tracking concerns are boosting the demand of hardware such as GPS, transmitters, RFID tags, mounting equipment, and readers, while smart greenhouse hardware consists of HVAC systems and LED grow lights.

The geographical landscape of smart agriculture market spans the Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. In 2016, North America emerged as the biggest player in the smart agriculture market, accredited to government research projects that focused on reducing land labor and increasing yield. Europe on the other hand, takes the second spot owing to hefty spends on R&D and technology initiatives by the government. The Asia Pacific region is experiencing a boom in smart agriculture market accredited to the adoption of smart technology for agriculture.

Major Highlights from Table of contents are listed below for quick lookup into Smart Agriculture Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Smart Agriculture Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Smart Agriculture Market Statistical model and forecast
  • Industry insights and validation
  • Smart Agriculture Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Smart Agriculture industry 360º synopsis - 2025
  • Smart Agriculture Business trends
  • Region trends

Chapter 5. Smart Agriculture industry Insights

  • Smart Agriculture Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Smart Agriculture Market Growth potential analysis

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