Global Agriculture Technologies Market analysis document also endows with an exhaustive survey of key players in the market which is based on a range of objectives of an organization such as profiling, product outline, quantity of production, required raw material, and the financial health of the organization.
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Data Bridge Market Research analyses that the agriculture technologies market which was USD 20.52 billion in 2022, expected to reach USD 56.74 billion by 2030, and is expected to undergo a CAGR of 13.23% during the forecast period 2023-2030. This indicates that the market value “hardware” dominates the offering segment of the agriculture technologies market owing to improve customer service or supplier relationships. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the The global market is majorly driven by the rapid adoption of IoT and connected technologies in agriculture. In line with this, the increasing need for higher crop yields to meet the accelerating demand for food due to global population growth is significantly contributing to the market. Furthermore, the rising demand for agricultural automation solutions to reduce labor costs is positively influencing the market. Apart from this, the growing focus on sustainable agriculture practices and the escalating need to optimize water usage in agriculture are catalyzing the market. Moreover, technological advancements in sensors, GPS, and other precision farming tools are propelling the market. Besides, the increasing demand for organic food and farming practices and the rising awareness of the impact of climate change on agriculture are strengthening the market. Additionally, government initiatives worldwide to support precision agriculture adoption and the growth of cloud-based precision agriculture solutions are providing a boost to the market. Other factors driving the market include the growing popularity of precision farming techniques such as variable rate technology and precision irrigation, easy availability of precision agriculture services, rapid integration of AI and machine learning in precision agriculture technologies, and widespread utilization of precision agriculture in livestock farming for improved animal health and productivity.
Importance of Agricultural Technology
Farmers no longer have to apply water, fertilizers, and pesticides uniformly across entire fields. Instead, they can use the minimum quantities required and target very specific areas, or even treat individual plants differently. Benefits include:
- Higher crop productivity
- Decreased use of water, fertilizer, and pesticides, which in turn keeps food prices down
- Reduced impact on natural ecosystems
- Less runoff of chemicals into rivers and groundwater
- Increased worker safety
In addition, robotic technologies enable more reliable monitoring and management of natural resources, such as air and water quality. It also gives producers greater control over plant and animal production, processing, distribution, and storage, which results in:
- Greater efficiencies and lower prices
- Safer growing conditions and safer foods
- Reduced environmental and ecological impact
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Global Agriculture Technologies Market Analysis
- Chapter 3: Regional analysis of the Global Agriculture Technologies Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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The major players covered in the agriculture technologies market report are Agriculture Technologies Deere & Company, Trimble, Inc., Raven Industries, Agjunction, Inc., AGCO Corporation, AG Leader Technology, Precision Planting, Inc., SST Development Group, Inc., Teejet Technologies, Topcon Positioning Systems, Inc., Dickey-John Corporation and Cropmetrics LLC, Certhon, Nexus Corporation, VEMCO, ScaleAQ, Aquabyte, Fancom BV, BouMatic, Nedap NV, The Climate Corporation, Afimilk Ltd., Antelliq, Heliospectra among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Global Agriculture Technologies Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2023 to 2030?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Global Agriculture Technologies Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the Global Agriculture Technologies Market?
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