Smart Agriculture Market Growing at 13.8% CAGR to 2022

Feb 05, 2016, 01:00 ET from RnR Market Research

PUNE, India, February 5, 2016 /PRNewswire/ --

Major factors driving smart agriculture market growth are increasing adoption of technology in agriculture, global increase in the demand for food, and assistance in monitoring livestock performance and health.

Complete report on smart agriculture market spread across 145 pages, analyzing 7 major companies and providing 71 tables as well as 53 figures is now available at .

The market for network elements is expected to grow at the highest CAGR in the hardware and network platform segment of the Smart agriculture market. Network elements cover the gateways and IoT platforms. Gateways act as a link between the network domain and device domain, and help to provide information through the M2M devices attached to animals, crops, fishing boats, and others. Network elements in the smart agriculture help to connect sensors for controlling machines, tracking crop yield on field, shipping control, livestock monitoring, supplying accurate amount of light and water in smart greenhouse farming, and so on. Hence, the market for network elements is growing at the highest CAGR in the hardware and network platform segment of the Smart agriculture market.

"Precision farming held the largest share of the market segmented on the basis of application in the Smart agriculture market in 2015" 

The precision farming application dominated the application segment of the Smart agriculture market as precision farming helps growers to break down fields into zones, creating a site-specific approach to maximize yields and minimize input costs. Precision farming can be used for a wide range of applications on a farm, from a single GPS-enabled guidance system for a piece of farm equipment to more complex functions such as the remote monitoring and controlling of multiple in-field devices using an integrated software platform.

"The market in Asia-Pacific is expected to grow at the highest CAGR in the Smart agriculture market on the basis of geography between 2016and 2022" 

APAC is one of the key prospective markets in precision farming owing to its large farmlands and huge population. There is a growing demand for meat and dairy products in APAC countries owing to factors such as the rise in the population and disposable income, improved quality of life, and others. Population is a major factor driving the adoption of greenhouse automation technologies in APAC.

The 7 companies profiled and analyzed in this smart agriculture market report include Deere & Company, Trimble Navigation Limited, Raven Industries, Inc., Agjunction Inc., AGCO Corporation, SST Development Group, Inc. and Semiosbio Technologies Inc. Order a copy of Smart Agriculture Market by Hardware and Network Platform (GPS/GNSS Devices, Sensor Monitoring Systems, and Smart Detection Systems/Network Elements), Service, Software, Application, and Geography - Global Forecast to 2022 report at .

On a related note, also offers another report titled Precision Farming Market by Technology (Guidance Systems, Variable Rate Application, Remote Sensing), Hardware Devices and Software & Services, Application, and Geography - Global Forecast to 2020 that forecasts precision farming market to reach USD 4.80 billion by 2020, at a CAGR of 11.7% between 2015 and 2020. Being the pioneering nation of precision farming and the presence of top players the Americas, it is expected to hold the largest share of the overall global precision farming market. Companies profiled and discussed in this research include Deere & Company, Trimble Navigation Limited, AGCO Corporation, Agjunction Inc., Raven Industries Inc., AG Leader Technology, Precision Planting Inc., SST Development Group, Inc., Teejet Technologies and Topcon Precision Agriculture. Read more at .

Explore more reports related to electronics market at .

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SOURCE RnR Market Research