Smart Agriculture Market: Dominance Redefined - Unleashing Potent Strategies in Key Sectors #6
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In the Global Smart Agriculture Market Research Report published by Emergen Research, key business details are analyzed along with a geographical overview of the Smart Agriculture industry, which provides extensive analysis of this sector. This study provides a comprehensive look at the Smart Agriculture market from both a qualitative and quantitative perspective as well as crucial statistical information about the market. Furthermore, the report describes emerging and established players of the market, providing an overview of their business, their product portfolio, their strategic alliances, and their plans for expansion.
The global smart agriculture market size was USD 18.65 Billion in 2022 and is expected to register a revenue CAGR of 13.1% during the forecast period according to the latest analysis by Emergen Research. Increasing agricultural productivity across the globe is a key factor driving revenue growth of the market. Rising automation of commercial greenhouses is a major trend that is expected to provide growth opportunities in the global market. Commercial greenhouse construction has resulted from cultivators realizing the potential advantages of growing plants in a greenhouse. Cultivators have turned away from conventional lighting systems due to the ease with which Light-Emitting Diode (LED) grow lights can be included into a Common Event Adapter (CEA) setup. Despite being expensive, LED grow lights are the best choice for indoor farming due to their long-term advantages in terms of energy efficiency. In order to assist growers in automatically obtaining information on livestock in real-time, key technologies driving revenue growth of the market include Global Positioning System (GPS), Radio Frequency Identification (RFID), and biometrics for livestock. In addition, vibrations and material conditions in factories, farms, bridges, and other infrastructure are monitored by infrastructural health sensors. Infrastructure health sensors support real-time information delivery to the maintenance team when combined with an intelligent network. Agricultural robots are also being deployed to automate a variety of farming tasks, including soil upkeep, weeding, fruit picking, reaping, fertilizing, grading, and irrigation.
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In view of the current COVID-19 pandemic, the growth of the Smart Agriculture industry is expected to be significantly affected, especially due to movement restrictions and lockdowns affecting supply and demand. There has been a significant impact of the COVID-19 pandemic on several sectors of the global market. The Smart Agriculture sector is expected to be affected too. The economic slowdown and dynamic changes in the demands will also adversely affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Smart Agriculture industry.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Agco Corporation, Deere & Company, Trimble Inc., Topcon Positioning Systems, Inc., Afimilk Ltd., Agjunction Inc., Delaval Inc., Ageagle Aerial Systems Inc, Lumigrow Inc., Raven Industries Inc.
Report Highlights:
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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Market Dynamics:
The report offers insightful information about the market dynamics of the Smart Agriculture market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Smart Agriculture market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Smart Agriculture market.
Smart Agriculture Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2032)
Component Outlook (Revenue, USD Billion; 2019–2032)
Regional Outlook (Revenue, USD Billion; 2019–2032)
Key Benefits for Stakeholders:
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
To know more about the report @ https://www.emergenresearch.com/industry-report/smart-agriculture-market
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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