Global Smart Farming Market: Focus on Solution (Hardware Systems, Software, Services), Application (Precision Crop Farming, Livestock Monitoring & Management, Indoor Farming, and Aquaculture) and Agricultural Robots – Analysis and Forecast (2018-2022)
Over the last decade, the global agricultural industry has witnessed a massive transformation owing to the increasing demand for sustainable farming practices. Rising global population and high income growth have resulted in growing concerns of food security across the world. Various agricultural start-ups and technology innovators are developing numerous sustainable farming systems. With the rapid employment of smart farming solutions, farmers are able to enhance production yield by increasing inputs and efficient management of farm enterprises. The advent of innovative farm management techniques has resulted into reduced energy consumption and overall cost-effective operations, owing to their more precise and resource-efficient approach. As a result, the smart farming industry is anticipated to progress, due to the ever growing affinity for more convenient and smart farming solutions than the traditional methods.
The market research study offers a wide perspective of the different types of solutions and applications pertaining to smart farming and analyzes its impact on the farming sector, by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools, that have been used to build the forecast, and the predictive models. The report is a compilation of various segmentations including market breakdown by solutions, applications, and region. Moreover, the report also consists of an additional section of agricultural robots for smart farming. Market segmentation of agricultural robots in smart farming on the basis of type and application has also been evaluated. The report highlights the key driving and restraining forces for this market as well as the market opportunities in different segments of smart farming, such as crop production, livestock management, indoor crop production, and aquatic species farming, among others.
The report answers the following questions about the global smart farming market:
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