Global Smart Agriculture Market
research 2018 exploring the current market Revenue, demand, Size, trend,
overview, shares, and growth with the help of complete report with 194 Pages,
figures, and table of contents to analyze the situations of global Smart
Agriculture market and Assessment to 2023. The Smart Agriculture Market
is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD
13.50 billion by 2023, at a CAGR of 12.39% between 2018 and 2023.
Download Brochure of Smart Agriculture Market spread across 194 Pages,
Profiling 16 Companies and Supported with 66 Tables and 51 Figures is now
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Smart agriculture market in APAC to
grow at a significant rate during 2018–2023”
APAC is one of the prospective markets
for smart agriculture. This region has large farmlands and is witnessing a high
population growth rate. APAC also has a huge regional spread, which comprises
China, Japan, India, Australia, and South Korea, among others. The smart
agriculture market in APAC is in an early stage of adoption life cycle and is
expected to grow at a double-digit rate between 2018 and 2023. In APAC,
countries specifically India, Australia, China, and Japan are, currently,
witnessing high growth rate and hold a major share of the smart agriculture
market in APAC.
Target Audience
- Electronic hardware equipment manufacturers
- Agricultural equipment manufacturers
- Smart agriculture software and solution providers
- Smart agriculture technology providers
- Technical universities
- Government research agencies and private research organizations
- Standardization and testing firms
- Government bodies (regulatory authorities and policy-makers)
- Original equipment manufacturers (OEMs)
- Research organizations and consulting companies
- VCs, private equity firms, and start-up companies
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Fish farming applications expected to grow at the highest CAGR during the forecast period”
The increasing demand for fleet navigation and fish tracking services is the major reason behind the high growth of smart agriculture market in fish farm monitoring. Furthermore, as the world population is expected to reach 9 billion by 2050, demand for aquaculture products will play a key role in ensuring food and nutrition security as the increased demand for food will challenge fish production in the future. Smart agriculture pertaining to fish farming involves the use of techniques and tools such as sensors, GPS, and mobile phones to improve productivity. The implementation of smart technologies in fish farming helps monitor feeding patterns, detect diseases in fish in advance, control water quality, combat illegal fishing, and so on. The GPS technology is used in fishing fleets to navigate efficient fishing locations and track fish migration, among others.
The breakup of primaries conducted
during the study is depicted below:
- By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
- By Designation: C-Level Executives – 57%, Directors – 29%, and Others – 14%
- By Region: Americas– 40%, Europe – 30%, APAC – 20%, and RoW – 10%
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