The Global Smart Farms Market size was valued at USD 16200 Million in 2023 and is projected to reach USD 30399 Million by 2030, growing at a CAGR of 9.40% from 2023 to 2030.
Global smart farms refer to advanced farming practices that utilize modern technologies, such as the Internet of Things (IoT), sensors, drones, big data analytics, and other emerging technologies to optimize crop production, improve resource management, and reduce waste. Smart farms, also known as precision agriculture or digital farming, integrate various technologies and solutions to monitor environmental conditions, track plant growth and livestock, automate irrigation and fertilization processes, and analyze data in real-time to improve yields and reduce costs and enhance sustainability.
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Leading players involved in the Smart Farms Market include:
"AeroFarms (US), Freight Farms (US), LumiGrow (US), Osram (Germany), Philips Lighting (Netherlands), Signify (Netherlands), Ag Leader Technology (US), AGCO (US), Deere & Company (US), Precision Planting (US), Raven Industries (US), Sentera (US), TeeJet Technologies (US), Topcon Positioning Systems (US), Trimble Navigation (US), Aerotech (US), AG Junction (US), AutoCopter Corp. (US), BouMatic Robotics (US), Fullwood Packo (UK) and Other Major Players."
The latest research on the Smart Farms market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Smart Farms industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Smart Farms market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Smart Farms Market:
By Agriculture Type
By Offering
By Services
By Solution
By Application
An in-depth study of the Smart Farms industry for the years 2023–2030 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.
Market Segment by Regions: -
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Dec 05, 2023