Smart Agriculture Market Projected to reach $25.4 billion by 2028

The smart agriculture market is projected to reach USD 25.4 billion by 2028 from USD 16.2 billion in 2023, at a CAGR of 9.4% from 2023 to 2028. Surging use of modern technologies in agriculture and rising adoption of IoT, ROVs, and AI in aquaculture farming  are among the key factors driving the growth of the Smart Agriculture market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239736790

HVAC management segment held largest share of smart greenhouse market in 2022

HVAC systems play a crucial role in smart greenhouses by maintaining an ideal temperature for plant growth and nullifying the adverse impacts of changes in the external temperature and enabling cultivation throughout the year. It is necessary to install HVAC and climate control systems in regions with a huge variation in summer and winter temperatures. Thus, the HVAC management segment held the largest share of the smart greenhouse market in 2022 and is expected to lead the market during the forecast period.

Orchid farming is expected to grow at highest CAGR during forecast period

Orchids have gained a reputation for being exceptional cut flowers and decorative potted plants, making up a substantial proportion of the worldwide floriculture industry. Additionally, orchids have been commercially traded for medicinal purposes and as a source of food for a long period of time. As a result, there is a growing market for orchids, and farmers who can produce high-quality flowers can expect to benefit from this demand. The demand for orchids is increasing globally, and this trend is expected to continue. Owing to this, orchid farming is expected to grow at the highest CAGR during the forecast period.

Americas accounted the largest share of the smart agriculture market in 2022

In 2022, the Americas held the largest share of the smart agriculture market and are expected to do so during the forecast period. The growth can be attributed to the huge adoption of advanced technologies to increase crop production, improve crop management, reduce the wastage of valuable resources such as water and fertilizers, save operational costs, enhance soil productivity, and meet the rising food demand of the increasing population.  The region was an early adopter of technologies, including IoT, artificial intelligence, and farm monitoring devices driving market growth in the region.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=239736790

Deere & Company (US), Trimble Inc. (US), AGCO Corporation (US), Topcon Positioning Systems (US), DeLaval (Sweden), AKVA Group (Norway), Allflex Livestock Intelligence (US), Innovasea Systems Inc. (US), Afimilk Ltd. (Israel), and Heliospectra AB (Sweden) are some of the key players in the smart agriculture market.

News also Covered: https://finance.yahoo.com/news/smart-agriculture-market-worth-25-163000478.html

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more