Smart Agriculture Market Update, Analysis and Forecast Report, 2016 – 2024

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Smart Agriculture Market Share, Growth, Analysis,
Statistics, Trends, Forecast Report, 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Smart Agriculture Market

• Geographically, the smart agriculture market is
  segmented into five regions, North America, Latin
  America, Asia Pacific, Europe, and the Middle
  East and Africa. In 2016, North America held the
  major share of smart agriculture market.
  Deep-dive research projects funded by the
  government to increase the crop yield and
  minimizing human labour are the key factors for
  the growth of smart agriculture in North America.
  Europe is second in race and has lucrative
  opportunities owing to the investments made by
  the government for research and development of
  robust technology.
• The market in Asia Pacific has witnessed an
  influential rise in smart agriculture owing to
  the developing nations which are adopting smart
  technology for agriculture. China, Australia,
  India, South Korea and Japan are witnessing a
  substantial growth in the market which is
  expected to grow at a robust pace between 2017
  and 2022.

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• Application Analysis of Smart Agriculture Market
  
• The smart agriculture market can be broadly
  classified into types, applications, offerings
  and regions. Based on types, smart agriculture
  can be divided into five segments which are, fish
  farming, precision farming, smart greenhouses,
  monitoring of livestock and others such as
  horticulture, orchid and forestry. Based on
  applications, the market can be divided into
  precision farming applications, livestock
  monitoring applications, smart greenhouses
  applications, fish farming applications and
  others (forestry, orchid, horticulture). In
  precision livestock farming, sensors are used for
  monitoring and detection of health issues in
  animals. In fish farming, GPS, sensors and mobile
  phones are widely used for fleet navigation and
  fish tracking. Smart agriculture market serving
  the fish farming applications is expected to
  witness robust growth. Smart greenhouse
  applications cover a wide range such as HVAC
  management, fertilizer and water management and
  yield monitoring.

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Competitive Market Share of Smart Agriculture
Market

• The key market players operating in this industry
  are Deere Company, AGCO Corporation, Semiosbio
  Technologies Inc., Cisco Systems Inc., Trimble,
  Inc., DeLaval Corporation, Raven Industries,
  Inc., Advanced Ag Solutions LLC, Digi-Star LLC,
  etc. Players are banking on strong partnerships
  and high level of investments in the market. In
  April 2016, Flex technology accelerator, Lab IX
  and Robert Bosch Venture Capital GmbH invested in
  CropX Inc., a U.S. based smart agricultural
  solution provider, to enhance its product
  portfolio. In January 2017, Agribotix LLC signed
  a partnership deal with SenseFly to offer a range
  of sensors, drones and agricultural data
  processing technology.

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