The increasing global population, coupled with the rising demand for food in the developing countries, are driving the demand of the market.
Increasing adoption of IoT based technologies in greenhouses has made them technologically advanced as they eliminated human-intervention and made the processes more cost-effective. The IoT sensors powered by solar energy help minimize water consumption and monitor the greenhouse state precisely in real-time.
The global IoT in Agriculture Market will be worth USD 27.22 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing population worldwide coupled with the increasing demand for food in developing countries. The farmers are trying to enhance agricultural productivity in order to meet the growing demand for food by incorporating IoT based technologies in agricultural practices.
Global IoT in Agriculture Market Report Forecast to 2027 equips the readers with an overall evaluation of the current market dynamics of the IoT in Agriculture market along with the scope of the study. The global IoT in Agriculture market analyzed in this report is done for scrutinizing and assisting the companies to capitalize on the potential investment and growth opportunities. The report is also furnished with beneficial strategic recommendations that will enable the companies to fortify their market positions.
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Key Market Highlights: The IoT in Agriculture report deeply inspects factors like revenue accumulation, cost, capacity utilization rate, production capacity, production rate, consumption rate, import/export, supply/demand, gross, market share, CAGR, and gross margin. It further presents an all-inclusive study of the market growth factors and their latest trends.
Key Highlights From The Report
- Hardware held the largest market share of 48.3% in the year 2019 as it enhances crop productivity and quality.
- Livestock monitoring is forecasted to grow with the fastest CAGR of 11.3% over the forecast period. It helps the farmers lower labor costs and prevents the spread of diseases among the cattle.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the growing global population and the increasing requirement for food in the developing countries.
- Key participants include Agco Corporation, Deere and Company, GEA Group, Trimble Inc., Agjunction, Raven Industries, Antelliq, Delaval, Ponsse, and CropMetrics LLC, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Sensor Fusion industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Sensor Fusion market and its key segment.
- Offering Outlook (Revenue, USD Billion; 2017-2027)
- Software
- Hardware
- Services
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Livestock Monitoring
- Smart Greenhouse
- Precision Forestry
- Fish Farm Monitoring
- Precision Farming
- Others
The IoT in Agriculture market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Geographical IoT in Agriculture Market:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, the U.K, Russia, and Italy)
- Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Global Sensor Fusion Market Report – Table of Contents:
- Report Overview
- 1 Research Scope
- 2 Key Sensor Fusion market segments
- 3 Target players
- 4 Market analysis by type
- 5 Market analysis by application
- 6 Key learning objectives
- 7 Report timeline
- Global Growth Trends
- 1 Global Sensor Fusion market size
- 2 Latest trends of the Sensor Fusion market by region
- 3 Key corporate trends
- Global Sensor Fusion Market share by key players
- 1 Global Sensor Fusion Market size by manufacturers
- 2 Global Sensor Fusion Market key players
- 3 Products/solutions/services of major players
- 4 New entrants in the Sensor Fusion market
- 5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Sensor Fusion Market by product type
- 1 Global Sensor Fusion Sales by Product
- 2 Global Sensor Fusion by Product Revenue
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