ALBANY, N.Y., April 04, 2022 (GLOBE NEWSWIRE) — The worth of the worldwide good agriculture market stood at US$ 10.02 Bn in 2020. The world market is estimated to rise at a CAGR of 13.30%through the forecast interval, from 2021 to 2031.The world good agriculture market is probably going to surpass valuation of US$ 39.02 Bn by 2031. Farmers’ skills to reply to substantial adjustments in humidity, climate, and air high quality are enhancing, as IoT know-how turns into extra broadly adopted within the agriculture business.
Companies within the good agriculture market are creating next-generation manure cleansing methods that use robotic know-how to improve consolation of cows. These good units additionally help in enhancing their hoof well being with out the necessity of water. Smartphone corporations are collaborating to develop a brand new good agriculture as a service answer that can use sensor applied sciences to increase the output of Indian farmers. New precision agriculture purposes are being launched by key individuals within the world good agriculture market to help in gathering exact information irrespective of the machine sort or breadth of the tools.
During the projected timeframe, North America is estimated to maintain main share of the worldwide good agriculture market, owing to improve within the quantity of agricultural start-ups in Canada and the U.S., which assist to provide higher providers to clients. The existence of notable good agriculture corporations in North America is one other component possible to add to the regional supremacy. As a consequence, North America is projected to drive the worldwide good agriculture market within the years to come.
- Huawei Technologies Co. Ltd.
- Semiosbio Technologies Inc.
- InnovaSea Systems
- Topcon Positioning Systems
- Aker Technologies
- Trimble Inc.
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Global Smart Agriculture Market: Segmentation
Component
Type
- Precision Farming
- Livestock Monitoring
- Precision Aquaculture
- Smart Greenhouse
- Others
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