The global smart agriculture market is expected to witness a CAGR of 10.2% during the forecast period. Smart agriculture is a concept aimed to provide the agricultural industry with the infrastructure to use advanced technology. In addition, connectivity technologies such as WiFi, Zigbee, additional wireless sensors, and low-power wide-area network technology help farmers efficiently carry out a variety of agricultural activities such as harvesting, purchasing, planting, and inventory management. In addition, the increasing adoption of IoT and artificial intelligence has helped farmers to monitor cultivated land and automate irrigation processes. In addition, the introduction of advanced technology has improved organic farming, including greenhouses and vertical farming, and increased productivity.

The mounting application of advanced technologies in agriculture, initiatives by the government in developed and emerging economies, mounting global food demand will propel the growth of the smart agriculture market during the forecast period 2021-2027. Nevertheless, the strategic alliance among industry players and digitalization in agriculture will propel the growth of the smart agriculture market.

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DeLaval has launched the RC550 and RC700 robot collectors designed for hard floors to improve cow comfort and hoof condition. It is a unique rotary manure intake system that can process any manure without the use of additional water.

The COVID-19 pandemic has disrupted the global supply chain that has led to food shortages and increasing inflation. The outbreak has emphasized the importance of the need to remotely access agriculture operations. Smart agriculture practices can aid farmers to recover from the losses in a short span of time, thereby bolstering the growth of the smart agriculture market.

Based on application, the global smart agriculture market yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, farm labor management, financial management, feeding management, milk harvesting, breeding management, fish tracking, and fleet navigation, water quality management, HVAC management, and others. The weather monitoring and forecasting segment is expected to have high growth over the projected period due to the rising demand for monitoring crop growth and decrease in the wastage by providing water and minerals on time.

Asia Pacific is anticipated to have a high CAGR owing to the adoption of smart farming methods, increasing government support, mounting awareness among cultivators in the region. In addition, increasing R&D expenditure from India and China will lead to the growth of smart agriculture will propel the growth in the region.

Some of the major players in the global Smart Agriculture market include Trimble, Inc., DeLaval, Deere & Company, AKVA group, Afimilk Ltd., Topcon Positioning Systems, Innovasea Systems Inc., Heliospectra AB, LumiGrow, and Semios.

Source: VynZ Research