Farmers Adopt Smarter Agriculture Technologies For Delivering High Quality Products In Sufficient Quantities.
According to MarketIntelReports' “Global Smart Farming Market Research Report 2017”:
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The demand for Smart Farming Market has increased due to increase in automation of green house gases and the implementation of Controlled Environment Agriculture in green houses. Cultivators have now realized the benefits of growing plants inside a greenhouse and are using LED lights.
Consistent growth in population and demand for high quality food will drive the demand for smart agriculture. Scarcity of land in urban cities have prompted growers to adopt new solutions.
Eg. Vertical farming techniques help consumers to grow crops indoors in layers or in a warehouse. In traditional farming techniques, barriers such as high labor cost and climate change persist.
Preference of consumers towards healthier foods drive the demand of smart agriculture projects.
Scope & Regional Forecast of the Smart Farming Market
Growing population will propel the demand for food by 2050. This boosts the scope for Smart Farming Market.
Farmers may face a lot of pressure to increase crop production by adopting the latest technology in agriculture. RFID, biometrics, and GPS help the cultivators to find information about livestocks.
This will propel the demand for the agriculture technologies.
North America dominated the market in 2016. This trend will continue during the forecast period due to growing government initiatives for enhancing the agriculture industry.
Agricultural organisations have come forward to form NACSAA(North America Climate Smart Agriculture Alliance). Asia Pacific is expected to have the highest growth due to the government support for precision farming.
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Agri smart monitoring is an advantage for farmers, as it helps them in cultivating crops with minimal human intervention. Parameters like temperature, soil moisture, and humidity are monitored to observe any variation.
Growing water scarcity and environmental consciousness among the consumers have led to rise in the latest trends in farming.
Segmentations & Key Players Involved in the Smart Farming Market
The Smart Farming Market can be broken down into various segments as follows:
- Region- North America, Europe, and Asia.
Some of the key players involved in the Smart Farming Market are as follows:
- Argus Control Systems Ltd
- Agribotix LLC
- Autonomous Solutions, Inc
- CNH Industrial
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