Global Market Size of Smart Agriculture Market – 10 Year Market Forecast

Semiconductor

Smart Agriculture Market Size Forecast 2022-2029

During the forecast period, the smart agriculture market is expected to grow at a CAGR of 9%, from USD 16.02 billion in 2022 to USD 29.56 billion in 2029. The smart agriculture market has grown significantly in recent years, owing to the advancement and implementation of technologies such as artificial intelligence (AI) and the internet of things (IoT) in smart agriculture, as well as rising pressure on the food supply system due to rapid population growth. On the back of new orders and contracts, the smart agriculture market began to gain traction in the second half of 2020. With rising demand for equipment and automation products in various applications, the market is expected to see a U-shaped recovery in 2021.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global Market Database is a market research tool that is used by various industry leaders to study the changing market trends across 12 different industries.
• What is Smart Agriculture?

• It is the usage of technologies like the Internet of Things, sensors, location systems, robots and artificial intelligence on your farm.
• What are the types of Smart Agriculture?

• Greenhouse automation, Crop management, Cattle monitoring and management are few types of Agriculture.
• Why do we need Smart farming?

• It reduces the ecological footprint of farming.
• How does Smart Agriculture work?

• Smart farming solutions work through sensors.

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