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"Remarkable innovations in allied industries such as ICT, chemicals, hydroponics and aquaculture have resulted in a slew of innovative, smart agriculture technologies," said Frost & Sullivan Agriculture & Nutrition Global Director Christopher Shanahan. "Some of the high-potential technologies under development include farming apps that provide data for on-field activities, roof-top farming technology in land-scarce regions, and monitoring systems that record information and place it in a cloud for further access."
Collaborations with technology companies have enriched smart agriculture solutions' capabilities and resulted in path-breaking tools, such as:
- Agriculture drones for efficient monitoring to reduce farmers' dependence on manual labor,
- Sensor fusion to aid in identifying, understanding and utilizing information that quantifies variations in soil and crop within agricultural fields, and
- Autonomous farming solutions to turn large swathes of inaccessible land in poor economic areas to useful prospects for arable farming.
Prime examples of symbiotic partnerships across industries are John Deere's partnership with a digital company and SK Telecom's collaboration with the Ministry of Science, startups and government agencies to roll out SK-patented IT for smart agriculture.
"Consumers are increasingly demanding nutritious, ethically produced food and beverages that are free from pollutants, allergens or over-utilization of socially valuable natural resources," noted Shanahan. "These value-added foods are offered only at a premium now, but smart technology can make them available to all sections of consumers by ensuring sustainability as well as high and efficient yield/production."
Related topics covered under the Frost & Sullivan subscription include: processed food and beverage, Omega-3 EPA+DHA ingredients, dehydrated food, probiotics, industrial bioprocessing, resistant or modified starch, and natural sugar alternatives. All studies provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Smart Agriculture Technology Market
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SOURCE Frost & Sullivan