/Global Smart Agriculture Market to Reach $17.1 Billion by 2026

Global Smart Agriculture Market to Reach $17.1 Billion by 2026

SAN FRANCISCO, June 30, 2021 /PRNewswire/ — A mannequin new market research revealed by Worldbroad Enterprise Analysts Inc., (GIA) the premier market evaluation agency, right now launched its report titled “Smart Agriculture – Worldbroad Market Trajectory & Analytics”. The report currents current views on alternatives and challenges in a significantly reworked submit COVID-19 market.

Worldbroad Smart Agriculture Market

Particulars AT A look
Version: 6; Released: January 2021
Authorities Engagements: 1364
Companys: 199 – Gamers coated embrace Afimilk Agricultural Coopperiodtive Ltd.; Ag Chief Know-how, Inc.; AgJunction Inc.; AKVA Group; Aquabyte Inc.; BouMatic LLC; Certhon – Greenhouse Options; Deere & Company; DeLaval; Fancom BV; Heliospectra AB; InnovaSea Methods, Inc.; LumiGrow Inc.; Nedap N.V.; Quantum Spatial, Inc.; Raven Industries, Inc.; Scale Aquaculture AS; The Local climate Company; Topcon Positioning Methods, Inc.; Treemetrics Ltd.; Trimble Inc. and Completely differents.
Safety: All primary geographies and key parts
Segments: Offering (Hardware, Computer software, Providers); Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Completely different Agriculture Varieties)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Reprimaryder of Europe; Asia-Pacific; Reprimaryder of World.

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Worldbroad Smart Agriculture Market To Obtain $17.1 Billion by 2026
As inhabitants will enhance meals demAnd in addition will enhance and meals developers are looking for means for developing effectivity of their actions And in addition reducing environmental influence of the speedyly rising farming actions. Smart agriculture utilized sciences play key position in enabling farmers achieve these goals. Increasing global demand for meals, rising want of livestock well being and rising assist from the governments to undertake superior agricultural methods are A pair of of The primary factors driving the market progress. Smart agriculture not solely reduces the emissions However in addition will enhance productiveness. Advanced utilized sciences Similar to knowledge analytics, Synthetic Intelligence, Aerial picture-based mostly analytics, sensor-based mostly useful resource mapping, predictive analytics for livestock and crops are being undertakeed by agri-tech companies To reinformationrce the farming processes. AI powered crop monitoring systems allow predictive evaluation enabling farmers make informationrmed and knowledge pushed selections. Smart drones are furtherly Getting used for spraying fields in a extra environment nice and faster method.

Amid the COVID-19 disaster, The worldbroad Marketplace for Smart Agriculture estimated at US$10 Billion Inside the yr 2020, is projected to revery a revised measurement of US$17.1 Billion by 2026, rising at a CAGR of 9.4% over the evaluation interval. Hardware, Definitely one of many parts analyzed Inside the report, is projected to develop at a 8.9% CAGR to revery US$11.7 Billion by The prime of the evaluation interval. After A radical evaluation of the Industry implications of the pandemic and its induced financial disaster, progress Inside the Computer software half is readsimplyed to a revised 10.6% CAGR for The subsequent 7-yr interval. This half presently accounts for a 22.5% share of The worldbroad Smart Agriculture market.

The U.S. Market is Estimated at $3.5 Billion in 2021, Whereas China is Forecast To Obtain $1.7 Billion by 2026
The Smart Agriculture market Inside the U.S. is estimated at US$3.5 Billion Inside the yr 2021. The nation presently accounts for a 33.56% share Inside The worldbroad market. China, the world’s second largest financial system, is forecast to revery an estimated market measurement of US$1.7 Billion Inside the yr 2026 trailing a CAGR of 12.6% by way of the evaluation interval. Amongst The numerous other noteworthy geographic markets are Japan and Canada, every forecast to develop at 7.4% And eight.2% respectively over the evaluation interval. Inside Europe, Germany is forecast to develop at roughly 8.3% CAGR while Reprimaryder of European market (as outlined Inside the research) will revery US$1.9 Billion by The prime of the evaluation interval. Elevated undertakeion of smart agricultural methods and devices Is predicted to drive The enlargement of smart farming market Inside the North America area. Growing demand for meals and diary gadgets is The primary problem driving the smart agriculture market Inside the Asia-Pacific area. As properly as, The agricultural economies Inside the area are principally based mostly on agriculture, which Is predicted to drive the demand further For up So far methods in smart agriculture.

Providers Segment To Obtain $2.2 Billion by 2026
The demand for consulting and system integration services has been rising As a Outcome of of rising undertakeion and software of smart mannequins Inside the agricultural sector. Availability of value environment nice cloud based mostly services that motivates the farmers to implement smart farming Is predicted To impact market progress. In The worldbroad Providers half, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this half. These areaal markets accounting for a mixed market measurement of US$955.1 Million Inside the yr 2020 will revery a projected measurement of US$1.8 Billion by the shut of the evaluation interval. China will stay among the quickest rising On this cluster of areaal markets. Led by nations Similar to Australia, India, and South Korea, the market in Asia-Pacific is forecast to revery US$176.3 Million by the yr 2026. More

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About Worldbroad Enterprise Analysts, Inc. & StrategyR™
Worldbroad Enterprise Analysts, Inc., (www.methodr.com) is a famend market evaluation writer the world`s solely affectr pushed market evaluation agency. Proudly serving Greater than 42,000 consumers from 36 nations, GIA is acknowledged for right forecasting of markets and industries for over 33 yrs.

Zak Ali
Director, Company Communications
Worldbroad Enterprise Analysts, Inc.
Telephone: 1-408-528-9966
E-mail: [email protected]

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