The Global Smart Farming Market is expected to reach USD 24.76 Billion by 2027, according to a new report by Emergen Research. The smart farming industry is projected to be powered by factors such as steady population growth, low supply of cultivable land, subsidies from the government, and demand for new and high-quality food.
An increasing population is making farmers face tremendous pressure to increase crop production either by making more land available to grow crops or by implementing newer techniques, such as smart farming and vertical farming. Modern farming methods face numerous obstacles, such as climate change, high labor costs. These drawbacks can be overcome by using technologies such as indoor LED farming, which creates a nature-like condition to help farmers meet the increasing demand for food. In addition, it is projected that consumer’s growing preference for healthy and fresh foods would drive demand growth over the forecast period.
The latest report on the KEYWORD market offers detailed information about the industry based on the total revenue generated for the forecast period, 2020 - 2027. The comprehensive study performs an in-depth analysis of the KEYWORD industry and lays immense emphasis on the major driving forces and restraints expected to govern the overall business for the forecast period, 2020 - 2027. Most importantly, researchers assessing the business environment take a closer look at the past and present trends as well as the future prospect to offer business owners, stakeholders and field marketing executives an intellectual understanding of the winning strategies.
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The report also discusses the key players involved in the market such as Deere & Company, Topcon Positioning Systems, Trimble, Inc., DeLaval, Antelliq, Heliospectra, Afimilk Ltd., InnovaSea Systems, AKVA group, and Nexus Corporation, among others.
In addition, the study on the KEYWORD market for the forecast period, 2020 – 2027 quantifies the share occupied by the prominent players of the industry and enlightens the business owners from the fast-growing investment pockets and competitive landscape. Furthermore, the industry is classified into various segments with a detailed assessment of each and every aspect such as gross margin, profits, import and export status and others. All vital statistics are presented with the help of charts, tables and graphic images, which can be easily incorporated into any business presentation.
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Smart Farming market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
Smart Farming Market segmentation
Farming Type Outlook (Revenue, USD Billion; 2017-2027)
Precision farming
Livestock monitoring
Smart greenhouse
Others
Offerings Outlook (Revenue, USD Billion; 2017-2027)
Hardware
Software
Services
Application Outlook (Revenue, USD Billion; 2017-2027)
Precision Farming Application
Livestock Monitoring Application
Precision Aquaculture Application
Smart Greenhouse Application
Precision Forestry Application
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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