AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Worldwide Smart Farming and Precision Agriculture Industry to 2028 - by Type, Application and Region - ResearchAndMarkets.com

July 2, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jul 2, 2021--

The “Smart Farming and Precision Agriculture Market Report - Global Industry Data, Analysis and Growth Forecasts by Type, Application and Region, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

Smart Farming and Precision Agriculture market illustrates an attractive growth rate during the forecast period with the advancements in technologies. Latest developments in Artificial Intelligence and machine learning abilities to expand Smart Farming and Precision Agriculture applications and drive demand during the forecast period to 2028.

ADVERTISEMENT

The COVID-19 pandemic has a significant impact on the manufacturers of Smart Farming and Precision Agriculture due to disruptions in the supply chain and frequent lockdowns. Further, the economic slowdown and geopolitical matters have limited the Smart Farming and Precision Agriculture market growth in 2020. As the market recovers from the pandemic, we forecast the growth trajectory to vary across regions with some countries offering huge growth potential while others reporting limited profit margins.

New generation Smart Farming and Precision Agriculture with improved performance offering higher accuracy and flexibility, with easy integration into systems spur the growth in Smart Farming and Precision Agriculture industry. However, a paradigm shift towards a connected world and growing requirement for miniaturization are necessitating further advancement in the Smart Farming and Precision Agriculture market and develop smarter products.

Research and development in the Smart Farming and Precision Agriculture industry to drive down costs and improve functionality are expected to advance in the medium term. Autonomous vehicles poised to hit the mainstream alongside rapid growth in AI computing capabilities with improving commercials are offering enormous opportunities in the Smart Farming and Precision Agriculture market. Over the forecast period to 2028, we forecast the Smart Farming and Precision Agriculture market to regain growth momentum, mainly with support from developing markets.

Smart Farming and Precision Agriculture market competitive landscape

On the Smart Farming and Precision Agriculture market structure front, consolidation observed in 2020 is expected to be continued in 2021. Mergers and acquisitions are primarily intended to acquiring new technologies, strengthening portfolios, and leveraging capabilities.

ADVERTISEMENT

Companies operating in the Smart Farming and Precision Agriculture market were hard hit by the adverse effects of COVID, with the major difficulty being the supply chain management. Managing production with shortages in supply and man force has limited the profitability of companies in 2020 and created the need to adapt to more agile methods of working. However, growing trends of online work and education along with the exponential development of the e-commerce industry facilitate companies to regain their market share. Detailed profiles of top companies in the Smart Farming and Precision Agriculture industry along with their key strategies to 2028 are provided in the report.

Impact of COVID-19 on Smart Farming and Precision Agriculture Industry

The global Smart Farming and Precision Agriculture market study carefully examines the deviation in the global outlook due to COVID-19 considering its impact on supply chain, economy, and consumer preferences by country and region.

The report covers the North America Smart Farming and Precision Agriculture market, Europe Smart Farming and Precision Agriculture market, Asia Pacific Smart Farming and Precision Agriculture market, Middle East Smart Farming and Precision Agriculture market, and LATAM Smart Farming and Precision Agriculture markets from 2020 to 2028. The status of the Smart Farming and Precision Agriculture market in key countries in each region is elaborated to enable an in-depth understanding of the Smart Farming and Precision Agriculture industry.

Reasons to Procure this Report

1. The report provides 2021 Smart Farming and Precision Agriculture market revenues at the global, regional, and key country level with a detailed outlook to 2028 allowing companies to calculate their market share and analyze prospects, and uncover new markets to target

2. The research includes the Smart Farming and Precision Agriculture market split by different types, technologies, applications, and end-uses. This segmentation helps managers plan their products and budgets based on future growth rates of each segment

3. The Smart Farming and Precision Agriculture market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigate risks

4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business

5. The study assists investors in analyzing Smart Farming and Precision Agriculture business prospects by region, key countries, and top companies’ information to channel their investments.

What’s Included in the Report

  • Global Smart Farming and Precision Agriculture Market size and growth projections, 2020-2028
  • Smart Farming and Precision Agriculture Market size, share, and growth projections across 5 regions and 18 countries, 2020-2028
  • Smart Farming and Precision Agriculture market size and CAGR of key products, applications, and end-user verticals, 2020-2028
  • Short and long term Smart Farming and Precision Agriculture Market trends, drivers, restraints, and opportunities
  • Porter’s Five forces analysis
  • Profiles of 5 leading companies in the industry-overview, key strategies, financials, and products
  • Latest market news and developments

For more information about this report visit https://www.researchandmarkets.com/r/2o5snb

View source version on businesswire.com:https://www.businesswire.com/news/home/20210702005270/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 07/02/2021 10:06 AM/DISC: 07/02/2021 10:06 AM

http://www.businesswire.com/news/home/20210702005270/en