Global Smart Farming Market Outlook 2019-2035: Growth Opportunities | Share-Sales | COVID-19 Impact Analysis

Global Smart Farming Market Overview

Smart farming is rapidly adapted by farmers nowadays. Agriculture plays a very vital role in every country’s economic and social development, In Today’s world population is growing rapidly and there is shortage of food supply in the economy. Production rate is very slow as compared to the population growth rate. Smart farming is mainly focused on the use of data that is acquired through various sources in the management of farm activities. Meeting the needs of the ever growing population is a challenge for the agriculture industry. In order to meet the demands of the ever growing population we needs high yielding crops which can help to solve the problem, thereby boosting the growth of smart farming worldwide. Smart Farming employs hardware and software to capture the data and to manage all the activities that happen in the farm both pre and post - harvest. The data is organized and can be accessed from anywhere in the world. IOT (Internet of Things)in agriculture involves the need of drones and sensors connected through the internet which function automatically and semi automatically performing operations and gathering data aimed at increasing efficiency. With the increasing demands and shortage of lab our across the globe agriculture automation and robots known as Agribots started to gain attention among the farmers. Implementation of Internet is still in its nascent stage. Crop Production decreased by an estimated 213 crores ($3.1 billion) a year due to lab our shortage in a year alone. The world is still in its stage of infancy of an ag robotics revolution with most products still in its trial phases and R&D modes. Demand for high yielding crops and water  is driving the market for smart farming.

Global Smart Farming Market Segmentation

By Component

• Hardware (IOT, Sensors, Drones, Robots)
• Software (SAAS)
• By Application
• Agriculture
• Precision Farming
• Agricultural Drones
• Livestock Monitoring
• Smart Green houses
• Vehicle Tracking
• Farmers
• Banks
• Food processing companies
• Insurance Providers
• Seed Production
• Government

By Region

• North America (USA & Canada) {Market Size (USD Billion), Growth Analysis(%) and Opportunity Analysis)
• Latin America (Brazil, Mexico & Rest of Latin America){ Market Size(USD Billion), Growth Analysis(%) and Opportunity Analysis}
• Europe (The United Kingdom, Germany, France, Italy, Spain, Poland, Sweden & Rest of the Europe){ Market Size(USD Billion), Growth Analysis(%) and Opportunity Analysis}
• Asia-Pacific (India, China, Japan, Singapore, South Korea, Australia, New Zealand and Rest of Asia) ){ Market Size(USD Billion), Growth Analysis(%) and Opportunity Analysis}
• Middle East and Africa (GCC, South Africa, North Africa and Rest of Middle East and Africa) ){ Market Size(USD Billion), Growth Analysis(%) and Opportunity Analysis}

Market Dynamics 

Growth Drivers and Challenges

Drones equipped with sensors and cameras are sued for surveying of the farms. They can be remotely controlled or they can fly automatically through software controlled flight plans in their embedded systems, working in coordination with sensors and GPS. Insights regarding crop health, irrigation, planting, soil and field, plant counting and yield prediction. IOT based sensors utilizes sensors placed along the farms like weather stations for gathering data which is transmitted to tools for analysis.

The conventional database does not have enough storage for the data collected from the IOT sensors. Eradicating extreme poverty , Ensuring a future for depleted resources,, Ending hunger and all forms of malnutrition, Emerging food threats and food losses, Improving the rural earnings and improvement in urban lives, Addressing the climatic changes ,Cooperate governance

Trends

• Population growth, Urbanization and changing demographics
• Economic growth, Prices of food and trade
• Depletion of natural resources
• Changing Climatic Conditions
• Technological advancements in Agricultural Productivity
• Natural disasters
• Food Shortages /Poverty
• Structural changes / Employment
• Food Waste / Losses
• 5G Revolution
• Block chain Technology
• Digitalization

Key Market Players

The key players profiled are :

• Ag Leader Technology
• AGCO Corporation
• CNH Industrial
• Deere and Company
• Dickey John
• Raven Industries
• SST Development Group
• The climate Corporation
• Topcon Corporation
• Trimble Inc
• Advanced Animal Diagnostic
• Farm Note
• Rex
• Cowlar
• Moocall
• TL Biolabs
• Mastiline
• BovControl
• Vital Herd
• Afi milk Limited
• Allflex USA Inc
• DairyMaster
• DeLaval

COVID-19 impact on "Global Smart Farming Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Smart Farming Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

For a full detailed overview, send here request for market report sample.

Key questions answered in this research report

• What is the total market size by 2035 and what would be the expected growth rate of sales?
• What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
• What are the recent developments and business strategy of companies?
• What are the market opportunities for the existing and entry level players?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?

Reasons to buy this market study

• Global Smart Farming Market Facilitate decision-making based on strong historic and forecast data for
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Reasons to buy this market study
• Global Smart Farming Market Facilitate decision-making based on strong historic and forecast data for
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Global Smart Farming Market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitor’s business structure, strategy and prospects’s growth potential