Straits Research Unveils Comprehensive Smart Farming Market Report: Market Valued at USD 14.65 Billion in 2021, Projected to Reach USD 66.8 Billion by 2030
Straits Research, a leading market research and consulting firm, has released its latest report on the global smart farming market. The report provides valuable insights into market trends, growth factors, segmentation, and key players shaping the future of smart farming. According to the report, the global smart farming market was valued at USD 14.65 billion in 2021 and is projected to grow at a robust CAGR of 18.4%, reaching an impressive USD 66.8 billion by 2030.
Market Definition and Trends Smart farming refers to the integration of advanced technologies like IoT, artificial intelligence, and big data into agricultural processes to improve efficiency, productivity, and sustainability. These technologies enable real-time monitoring, data-driven decision-making, and automation across various agricultural applications.
The latest trends in smart farming include:
- Adoption of AI and Machine Learning: Farmers are increasingly leveraging AI-driven solutions for predictive analytics, crop monitoring, and yield optimization.
- Expansion of IoT in Agriculture: IoT-enabled devices are transforming farm operations by providing real-time data on soil health, weather conditions, and livestock management.
- Growth of Vertical Farming and Smart Greenhouses: Urbanization and the demand for sustainable farming solutions are fueling advancements in vertical farming and smart greenhouse technologies.
For a full PDF sample copy of the report, visit: https://straitsresearch.com/report/smart-farming-market/request-sample
Key Growth Factors
- Rising demand for food production efficiency amid growing global population.
- Increasing adoption of precision agriculture techniques to optimize resource utilization.
- Advancements in technology, including IoT, robotics, and data analytics, to enhance agricultural productivity.
Key Market Opportunities
- Expansion of smart farming technologies in developing countries with significant agricultural bases.
- Increasing investments in R&D for sustainable farming practices and automation.
- Collaboration between governments and private sectors to promote smart farming adoption.
Market Segmentation The smart farming market is segmented as follows:
By Application:
- Precision Agriculture
- Livestock Monitoring and Management
- Indoor Farming
- Yield Monitoring
- Field Mapping
- Crop Scouting
- Weather Tracking and Forecasting
- Irrigation Management
- Farm Labor Management
- Financial Management
- Feeding Management
- Milk Harvesting
- Breeding Management
- Fish Tracking and Fleet Navigation
- Water Quality Management
- HVAC Management
- Aquaculture
- Smart Greenhouse
By Solution:
- Hardware Systems
- Software
- Services
- Network Management
- Agriculture Asset Management
- Supervisory Control and Data Acquisition
- Logistics and Supply Chain Management
- Smart Water Management
- Others
By Software:
- Web-Based
- Cloud-Based
By Service:
- System Integration and Consulting
- Support and Maintenance
- Connectivity Services
- Managed Services
- Professional Services
Access detailed segmentation at: https://straitsresearch.com/report/smart-farming-market/segmentation
Key Market Players The report highlights major players in the smart farming market, including:
- Ag Leader Technology
- AGCO Corporation
- CNH Industrial
- Deere & Company
- Hexagon Agriculture
- Kubota Corporation
- Afimilk Ltd.
- Allflex USA Inc.
- Nedap N.V.
- General Hydroponics
- Osram Licht AG
- AKVA Group ASA
- Eruvaka Technologies
- Naïo Technologies
- DJI Innovations
Regional Insights The report identifies North America as the dominant region in the smart farming market, driven by high adoption rates of advanced agricultural technologies. Meanwhile, the Asia Pacific region is expected to grow at the fastest rate, owing to increasing investments in agricultural innovation and rising awareness of smart farming benefits.
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About Straits Research Straits Research is a premier market research and consulting firm committed to delivering data-driven insights and actionable recommendations. Our reports are designed to empower businesses with the knowledge they need to make informed decisions and drive growth in a competitive landscape.
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