(IT-NEWSWIRE.COM, October 11, 2018 ) Global Smart Agriculture Market is expected to grow from US$ 11.30 billion in 2016 to US$ 30.01 billion by 2025 at a CAGR of 11.5% between 2017 and 2025. Asia Pacific is one of the prominent regions in smart agriculture market which will contribute highest revenue globally due to technological developments and considerable application of smart agriculture solutions. Rapidly growing economies in Asia-Pacific (APAC) with significant growth construction sector will pave the path for increasing adoption and propel the market for smart agriculture market.
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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart agriculture market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the smart agriculture market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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Leading Market Players :
Some of the key players of smart agriculture market include AGCO Corporation, Ag Junction Inc., AG Leader Technology, Deere & Company, Raven Industries, Inc., Semiosbio Technologies Inc., SST Development Group, Inc., Teejet Technologies, Topcon Precision Agriculture and Trimble Navigation Limited, among others.
Smart agriculture market by application is segmented into precision farming, livestock monitoring, yield monitoring, soil health monitoring, irrigation systems, forestry, variable rate technology (VRT), asset management, smart greenhouse and others. Precision farming has received maximum traction over the years, however livestock monitoring is projected to grow at a significant rate during the forecast period, and precision farming would continue to dominate the market by capturing majority revenue share in the market.
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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the smart agriculture industry.
Latest market study on “Smart Agriculture Market to 2025 - Global Analysis and Forecast by Product Type (Hardware (Sensor Based Monitoring System, Smart Detection System, GPS Enabled Ranging System and Drones), software and services (Climate Information system, Supply Chain Management, others)), and Application (Precision farming, Livestock monitoring, yield monitoring, Soil health monitoring, Irrigation System, Forestry, VRT, Asset Management and Green House) - Global Analysis and Forecast”, the smart agriculture market is estimated to reach US$ 30.01 billion by 2025 from US$ 11.30 billion in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Table of Content:
2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Global Smart Agriculture Market - Key Industry Dynamics
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Smart Agriculture Market - By Product Type
4.2.2 Global Smart Agriculture Market - By Application
4.2.3 Global Smart Agriculture Market - By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Smart Agriculture Market - Key Industry Dynamics
5.1 Key Market Drivers
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