Demand Analysis: How COVID-19 affect the growth of Smart Agriculture Market
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A latest report
by Research Dive on the global
smart agriculture market states that the market is estimated to experience
notable growth from 2019 to 2026. The report elucidates the present scenario
and future scope of the market. Moreover, the report offers in-depth statistics
and analysis for businesses and individuals looking for comprehensive insights about
the smart agriculture industry. The report also deliberates key market
segments, drivers, limitations, and investment opportunities in the course of
the forecast period.
Download Sample Report and know How Population explosion, Scarce fertile land, Climate
changes, and Technological advancements are the key factors in Smart
Agriculture market growth @ https://www.researchdive.com/request-toc-and-sample/235
Factors
Impacting the Market Growth:
According to the
report, unavailability of
fertile land, rising population worldwide, adverse climatic changes, and technical
developments in agriculture are thrusting the growth of the global smart
agriculture market. In addition, with development and rapid adoption of smart farming
techniques, farmers are now are able to analyze weather conditions and take precautionary
measures to avoid crop damages, which is contributing to the market growth.
However, heavy investment costs and insufficient technological skills are
likely to hinder the global market growth.
The report
segments the smart agriculture market into types, applications, and region.
Based on types,
the report divides the market into following sub-segments:
·
Precision Farming
·
Fish Farming
·
Livestock Monitoring
·
Smart Greenhouse
·
Others
Among these, the precision
farming sub-segment is anticipated to perceive fastest growth during the course
of the projected period. This is because precision farming helps farmers in optimal
usage of land and in growing high-quality crops without hampering the quality
of soil.
Check out How
COVID-19 impact on the Smart Agriculture Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/235
Based on
applications, the report classifies the market into the following sub-segments:
·
Irrigation Management
·
Yield Monitoring
·
Water Quality Management
·
Weather Tracking and Forecasting
·
Crop Scouting
·
Field Mapping
·
Others
Among these, the yield
monitoring sub-segment is expected to witness substantial growth all through
the projected period; mostly because of the growing demand for efficient crop
production with the limited resources available.
Regional
Analysis:
The report states
the situation of the global smart agriculture market across numerous regions
including the following:
·
Asia Pacific
·
North America
·
Europe
·
LAMEA
Among these, the Asia
Pacific region is projected to experience fast-paced growth in the forecast
period. This is mostly owing to the Governments’ initiatives for adopting smart
agriculture techniques by offering low rate loans or organizing agriculture training
and educational camps in the region.
Market
Players and Business Strategies:
The report caters
some of the foremost players in the global smart agriculture market including
the following:
·
Trimble Inc.
·
TOPCON Positioning systems
·
AG Junction LLC.
·
AGCO Corporation
·
Cropmetrics
·
Deere & Company
·
Precision Planting LLC.
·
SST Development Group
·
Raven Industries
·
AG Leader Technology
In addition, the report offers some of the winning
business strategies of the market players such as mergers and acquisitions, partnerships,
geographical expansions, innovative developments, new product launches, along with Porter Five analysis and SWOT
analysis.
About Us:
Research Dive is a market research firm based in
Pune, India. Maintaining the integrity and authenticity of the services, the
firm provides the services that are solely based on its exclusive data model,
compelled by the 360-degree research methodology, which guarantees
comprehensive and accurate analysis. With unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic, the firm
offers insights that are extremely precise and reliable. Scrutinizing relevant
news releases, government publications, decades of trade data, and technical
& white papers, Research dive deliver the required services to its clients
well within the required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting threatening
hindrances. Complementarily, it also has a seamless collaboration with the
major industry aficionado that further offers its research an edge.
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Research Dive
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