Smart Agriculture Market Analysis by Size, Share, Growth, Trends up to 2028

  

The smart agriculture market is anticipated to account to US$ 11.3 Bn in 2016 and is expected to grow at a CAGR of 11.5% during the forecast period 2022 – 2028, to account to US$ 30.01 Bn by 2028.

The “Smart Agriculture Market to 2028 – Global Analysis and Forecast by Product Type (Hardware (Sensor Based Monitoring System, Smart Detection System, GPS Enabled Ranging System and Drones), software and services (Climate Information system, Supply Chain Management, others)), and Application (Precision farming, Livestock monitoring, yield monitoring, Soil health monitoring, Irrigation System, Forestry, VRT, Asset Management and Green House) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of smart agriculture market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant smart agriculture players in the market and their key developments.

 

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Owing to various factors the soils ability to yield quality crops over the years has been deteriorated. Rising soil pollution and harmful chemical fertilizers are leading to soil erosion, subsequently adversely impacting the farmlands. In order to meet the transforming dietary demand of rising population, the world is required to produce 70% more food than now. To enhance the crop yield, usage of healthy soil is very import. The soil moisture and humidity sensors, in smart agriculture sector are designed and developed to address the soil related issues. Moreover, the demand for soil health monitoring devices is expected to spur a noteworthy growth rate. The rising need of soil monitoring systems is further expected to drive the smart agriculture market during the forecast period.

 

The soil health monitoring systems are an essential process applied in agriculture sector. Nearly 26% of the earth is covered with land. Therefore, it is very important to constantly monitor the soil quality for optimal yielding. The quality of the soil is judged on the bases of three parameters, which are: light, temperature and moisture. Traditionally, to test the soil’s capability, was one of the lengthiest and tedious jobs. However, since the introduction of soil health monitoring systems, using the wired/wireless sensors and networks, analysis of soil has become much more reliable and efficient. 

 

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Sagar Pawar

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