The advent of advanced technologies such as guidance systems, variable rate technology, IoT, AI, and remote sensing has transformed the agriculture industry into a technologically intense and data-rich industry. Smart agriculture technologies assist in increasing profitability, improving sustainability, protecting the environment, and minimizing the consumption of resources such as water, fertilizers, and energy. IoT is implemented in various applications, including precision farming, livestock monitoring, precision aquaculture, smart greenhouse.
Precision farming is a technology-based field management system. It is aimed to optimize the overall farming practices and input of resources. The rising population creates a huge demand for food. Influence of global warming on agricultural practices and sustainability of natural resources is high.
Data management and geo-location tracking are the two most popular technological advancements used by precision farming. Slowly replacing traditional methods, precision farming has remarkable impact on the overall output rates.
The global compound feed market is forecasted to witness growth with a CAGR of 3.82% during the forecast period of 2024 to 2032. Get more insights into the blog
The global augmented reality in agriculture market is expected to project a CAGR of 31.12% during the forecast period 2023-2032. Get more insights into the blog
The precision farming market, valued at US$ 8,996.7 million in 2022, is projected to reach US$ 10,004.3 million in 2023 and US$ 33,211.3 million by 2033, growing at a CAGR of 12.7%. Precision farming, which utilizes advanced technologies like GPS, IoT, and remote sensing, improves crop and livestock management by providing real-time data on environmental conditions and soil management. The market's growth is driven by advancements in technology such as driverless tractors and GPS sensing systems, though it faces challenges like high implementation costs and a lack of awareness among farmers. North America held a 26.8% market share in 2022 and is expected to maintain its lead, while Europe accounted for 21.2%. The hardware segment constituted 41.2% of the market, and soil monitoring held an 18.7% share in 2022, with the U.S. market contributing 16.5%.
Precision farming is a technology-based field management system. It is aimed to optimize the overall farming practices and input of resources. The rising population creates a huge demand for food. Influence of global warming on agricultural practices and sustainability of natural resources is high. Productivity of agriculture is always related to the climate changes. This increases the burden on food productivity and natural resources such as soil. These factors undermine the importance of optimizing farming practices, ensuring productivity and efficient use of resources
Precision farming is a technology-based field management system. It is aimed to optimize the overall farming practices and input of resources. The rising population creates a huge demand for food. Influence of global warming on agricultural practices and sustainability of natural resources is high. Productivity of agriculture is always related to the climate changes. This increases the burden on food productivity and natural resources such as soil. These factors undermine the importance of optimizing farming practices, ensuring productivity and efficient use of resources.
The global smart farming market size was valued at USD 14.65 billion in 2021. It is projected to reach USD 66.8 billion by 2030, registering a CAGR of 18.40% during the forecast period (2022–2030). For more info - https://straitsresearch.com/report/smart-farming-market
Farm Management Software Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Delivery Model (Web Based, Cloud Based), Service Provider, Application, and Geography
Increasing implementation of artificial intelligence and machine learning for real-time farm data management is driving global farm management software market revenue growth
Global farm management software market size is expected to reach $4.92 billion in 2028 at a rate of 12.3%, segmented as by component, solution, services
Global digital farming market size is expected to reach $26.44 Bn by 2028 at a rate of 13.2%, segmented as by component, hardware, software, other components
According to the latest research report by IMARC Group, The Europe livestock monitoring market size reached US$ 721.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,395.2 Million by 2032, exhibiting a growth rate (CAGR) of 18.78% during 2024-2032. More Info:- https://www.imarcgroup.com/europe-livestock-monitoring-market
According to the Market Statsville Group (MSG), the global 5G Smart Farming Market size is predicted to grow at a CAGR of 10.1% from 2023 to 2033. The 5G Smart Farming market is witnessing rapid growth, revolutionizing the agricultural sector. With 5G’s high-speed connectivity and low latency, farms can deploy advanced technologies like IoT sensors, drones, and autonomous machinery
The Global Farm Management Software Market size is expected to reach $1.9 billion by 2023, rising at a market growth of 14% CAGR during the forecast period. Full report – https://kbvresearch.com/farm-management-software-market/
The global livestock monitoring market is anticipated to growing at a CAGR of 19.66%, and is expected to reach $22526.62 million by 2030. Get Free Sample Report
Farm Management Software market size will grow from USD 875.04 Million in 2017 to USD 1,937.95 Million by 2023, at an estimated CAGR of 0.1417. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global RFID Tags for Livestock Management Market . Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide RFID Tags for Livestock Management Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights.
Smart farming market will reach at an estimated value of USD 25.02 million and grow at a CAGR of 12.76% in the forecast period of 2021 to 2028. Rising pressure on food supply system owing to rapidly growing population is an essential factor driving the smart farming market.
The report “Milk Replacers Market” is projected to grow at a CAGR of 7.59% from 2017, to reach a projected value of USD 3.54 Billion by 2022. The market has been gaining importance due to the increase in milk prices, growth in awareness regarding the benefits of the milk replacer products, adoption of precision nutrition techniques, and concerns about mortality and health-related aspects of the livestock. Read more: https://www.marketsandmarkets.com/Market-Reports/milk-replacer-market-245424439.html
Precision farming is a technology-based field management system. It is aimed to optimize the overall farming practices and input of resources. The rising population creates a huge demand for food. Influence of global warming on agricultural practices and sustainability of natural resources is high.
Smart faming is defined as application of one or more than one technology in the farming process to gain more efficiency and effectiveness. It is the advanced and innovative way of doing farming to get the maximum output and to reduce the human efforts. Advance technology includes usage of hardware, service and software to the process of farming. The technology includes irrigation management, scouting of crops, harvesting, seeding and many more.
Global smart farming market is driven by the huge increase in adoption of technology within farming globally, which is projecting a rise in estimated value from USD 7.53 billion in 2018 to an estimated value of USD 19.75 by 2026, registering a CAGR of 12.81% in the forecast period of 2019-2026.
World trade was already slowing in 2019 before COVID 19 outbreak, weighed down by trade tensions and slowing economic growth, such as uncertainty generated from Brexit, the U.S.-China trade war, the Japan-South Korea trade war.
Smart faming is defined as application of one or more than one technology in the farming process to gain more efficiency and effectiveness. It is the advanced and innovative way of doing farming to get the maximum output and to reduce the human efforts. Advance technology includes usage of hardware, service and software to the process of farming. The technology includes irrigation management, scouting of crops, harvesting, seeding and many more.
Agriculture Drones Market by Offering (Hardware and Software & Services), Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, and Smart Greenhouse), Component, and Geography
Agriculture Drones Market by Offering (Hardware and Software & Services), Application (Precision Farming, Livestock Monitoring, Precision Fish Farming, and Smart Greenhouse), Component, and Geography
The global artificial insemination market is set to expand significantly, projected to reach a value of US$7.22 billion by 2031, up from US$4.83 billion in 2024, at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Artificial insemination (AI) involves introducing sperm into the reproductive tract of females, human or animal, without natural copulation. This technique is increasingly favored for its efficiency in livestock breeding and addressing infertility issues in both humans and animals. Key drivers include the growing awareness of AI's benefits, such as improved genetic traits and disease resistance in offspring, crucial for sustainable food production amidst global population growth. Advancements in genetic selection, precision livestock farming, sexed semen technology, and single-cell analysis techniques are prominent trends shaping the market's evolution.
Agriculture Nets: Enhancing Farming Practices Agriculture nets play a pivotal role in contemporary farming by safeguarding crops and livestock while enhancing overall productivity. The burgeoning global agriculture nets market reflects the escalating demand driven by increased agricultural ventures and the urgency for crop preservation. Sustainable farming practices further propel market expansion.
The global IoT-compatible sensors for agriculture market size is expected to grow at a CAGR of 31.27% during the forecast period (2021-2027). Compared to other methods, precision farming techniques are anticipated to be influential in increasing the pace of agricultural processes. Precision farming provides farmers with increasing yields
The report titled “OILSEED FARMING GLOBAL MARKET REPORT 2018 INCLUDING: SOYBEAN FARMING; OTHER OILSEED FARMING COVERING: BURRUS SEED FARM, GANSU DUNHUANG SEED CO LTD, HEFEI FENGLE SEED CO LTD, LAND O'LAKES INC, DIESTER INDUSTRIE”, provides a comprehensive analysis of global oilseed farming market, oilseed production, demand, sustainability, leading players, leading countries in global oilseed farming, precision farming, market for global oilseed farming, biotechnology in oilseeds and future of global oilseed farming market.
The agriculture IOT market is expected to grow from USD 12.7 billion in 2019 to USD 20.9 billion by 2024, at a CAGR of 10.4% from 2019 to 2024. A few key factors driving the growth of this market are increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technology by farmers and growers, focus on livestock monitoring and disease detection to improve farming efficiency, and rising demand for agricultural production owing to increasing population.
To learn more about this report:- https://bit.ly/3cIFhOd Smart Agriculture/Farming market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Agriculture/Farming market will be able to gain the upper hand as they use the report as a powerful resource
The global smart agriculture market size is expected to reach a valuation of USD 36,241 million by 2030, growing at a CAGR of 10.80% during the forecast period (2022–2030) For more info @ https://straitsresearch.com/report/smart-agriculture-market/
The Animal Feed Organic Trace Minerals Market is set to grow significantly from 2023 to 2032. Driven by rising demand for high-quality meat and dairy, and the shift towards sustainable farming, these minerals enhance animal health and productivity. Key regions like North America, Europe, and Asia-Pacific are expected to see strong demand.
The Global Agriculture Sensors Market size was USD 1.65 billion in 2022 and it is expected to grow to USD 4.13 billion in 2030 with a CAGR of 9.75% in the 2023-2030 period.
The global milk replacers market is projected to grow at a CAGR of 7.59% from 2017 to 2022, to reach a projected value of USD 3.54 billion by 2022.https://www.bharatbook.com/dairy-market-research-reports-850152/milk-replacers-type-livestock-source-form-region-global-forecast.html
The worldwide agriculture drone services market size is projected to attain a value of $893.0 million in 2023. Over the subsequent decade, it is anticipated to expand at a robust CAGR of 22.5%, reaching an impressive market worth of $6,795.6 million by 2033.
The introduction of automation in the agriculture industry helps the farmers to enhance their efficiency. Get more insights into the Agricultural Robots Market
The rapid growth and adoption of AI in agriculture can be attributed to several key drivers. Firstly, the global population continues to rise, putting immense pressure on the agriculture industry to produce more food. AI technologies like precision farming and smart irrigation systems enable farmers to optimize crop yields, minimize resource wastage, and make data-driven decisions. By leveraging AI algorithms and machine learning, farmers can analyze vast amounts of data related to soil health, weather patterns, and crop characteristics, enhancing productivity and reducing costs.