Global Smart Farming Market was valued at US$ 6.7 Bn in 2019 and is expected to reach US$ 17.7 Bn by 2026, at a CAGR of 11.4% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.




Global Smart Farming Market, by Type

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Global Smart Farming Market Dynamics

Major driving factors of the market are rising crop productivity, increasing disposable incomes of the consumers, high investment in R&D by manufacturers, growing demand for precision farming for yield monitoring, rising demand for the food, and increasing awareness regarding technology and smart farming in farmers.

Increasing innovation of farm management techniques has reduced energy consumption and the growing penetration of smartphones and IoT across the globe which is ultimately propelling the market growth. The report highlights the key drivers and restraints as well as the market opportunities of smart farming, such as increasing crop production and livestock management.
Global Smart Farming Market Segment Analysis

Based on application, the precision farming segment is expected to hold the largest share in the market during the forecast period. Usage of smart agriculture tool is increasing in precision farming as they help farmers to improve farm efficiency and increase their crop yields. Based on type, smart agriculture equipment and machinery are expected to dominate the market growth during the forecast period.
Global Smart Farming Market Regional Insights

In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period due to increasing demand for food and other dairy products as the population is increasing in the region. China and India are boosting the market due to a large number of people’s livelihood is dependent on agriculture in these countries. North America is expected to generate the highest CAGR during the forecast period.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Smart Farming Market, Key Highlights:

• Global Smart Farming Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Smart Farming Market
• Global Smart Farming Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Smart Farming Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Smart Farming Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Smart Farming Market are also profiled.




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Global Smart Farming Market, by Type

• Automation & Control Systems
• Smart Agriculture Equipment and Machinery
Global Smart Farming Market, by Application

• Precision Farming
• Livestock Monitoring
• Fish Farming
• Smart Greenhouse
• Soil and crop management
• Fleet management
• Indoor farming
• Others
Global Smart Farming Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Smart Farming Market Key Players

• Deere & Co.
• Trimble Inc.
• AGCO Corporation
• Raven Industries
• GEA Farm Technologies
• Lely
• AG Leader Technology
• Afimilk Ltd.
• Allflex Inc.
• Vertical Farm Systems
• AeroFarms
• Signify Holding
• OsramLicht AG
• Harvest Automation
• AKVA Group

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