World Digital Agriculture Market – Trade Evaluation, Dimension, Share, Progress, Developments, Regional Outlook, and Forecast 2022-2028

Market Overview:

The Digital Agriculture Market Is Expected to Grow at A Significant Growth Rate, And the Forecast Period Is 2022-2028, Considering the Base Year As 2021.

A tool that digitally collects, stores, analyzes, and shares electronic data and information in agriculture is known as digital agriculture, e-agriculture, or smart farming. It refers to the incorporation of digital technology into processes about the management of food resources and cultivating activities as well as livestock and crop management. Precision agriculture is part of digital agriculture. Digital agriculture, in contrast to precision agriculture, has an effect before, during, or after on-farm production on the entire agri-food value chain. Therefore, precision agriculture and digital agriculture encompass on-farm technologies like yield mapping, GPS guidance systems, and variable-rate applications.

The Report Will Include A Major Chapter

• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis

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Market Dynamics and Factors:      

The public’s growing understanding of how digital agriculture increases agricultural output has fueled the expansion of the market for goods and services related to this industry. Farmers quickly began utilizing digital agriculture technologies to meet the growing demand for food, which is ultimately caused by the world’s expanding population. The government has launched several digital agricultural strategies to encourage farmers to employ related technology for precision farming. These services aid in bridging the knowledge gap between industry and academics. The utilization of innovative and new technologies is rising as a result of these technologies.

Farmers are under constant pressure to produce more food and animal feed while using fewer chemicals. Less energy and labor must also be used, and environmental land and water management must be improved. Increasing agricultural production is under pressure as a result of the population’s rapid growth and the resulting difficulty in feeding the growing population. All of these requirements can be satisfied by using Internet of Things (IoT) equipment and software like precision farming. Farmers can use precision farming to determine the right seeds to plant, how much fertilizer to use when to harvest their crops, and how much produce is expected.

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Digital Agriculture Market Report Highlight:

• By Type, the Crop Monitoring segment is anticipated to lead the growth of the Digital Agriculture market in the forecasted timeframe. Farmers may quickly and reliably evaluate the growth, health, and production of crops over huge expanses of land by using crop monitoring. This enables the farmers to decide where and when to apply fertilizer and pesticides, as well as where to concentrate their efforts for the best outcomes.
• By Technology, the Core segment is expected to have the highest share of the Digital Agriculture market over the projected period. Optimizing the management of inputs like robots, drones, and Al in a farm based on its needs is digital agriculture. The increasing use of aerial imagery sensors, satellite imaging, hyperspectral imaging devices, big data, advanced analytics, and predictive farming methods are some of the factors that are facilitating the expansion of the core technologies.
• By Application, the Crop Scouting segment is set to develop at the highest share during the forecasted timeframe. Crop scouting required walking through the fields and taking measurements. Currently, crop scouting makes use of more advanced tools like a GPS receiver on a vehicle that moves through the fields and records information about pests and crop injuries specific to that field.
• The Asia Pacific region is expected to have the highest share of the Digital Agriculture market over the projected period. The Chinese agricultural sector has undergone a radical shift in the adoption of smart farming practices in recent years. The country has recently seen a rise in the demand for sensors, primarily as a result of the farmers’ adoption of more sophisticated agricultural techniques and a higher rate of mechanization. Although sensor-based technologies, such as the Internet of Things (IoT) cellular devices, gear tooth sensor-based irrigation and fertilization equipment, and valve position sensors, among others, are still relatively new in the field, the nation has recently seen a rise in the demand for sensors.

Top Key Players Covered In The Digital Agriculture Market:

• Deere & Company (U.S.)
• IBM Corporation(U.S.)
• CNH Industrial (U.S.)
• Microsoft Corporation (U.S.)
• AGCO Corporation (U.S.)
• Raven Industries (U.S.)
• COFCO International (Switzerland)
• Agrofy (South Africa)
• Eden Farm (Indonesia)
• HummingBird Technologies (England)
• Cranswick PLC (U.K) and Other Major Key Players.

Key Industry Development:

In November 2022, Geo-Bird, a brand-new online tool developed by AGCO Corporation, aims to empower farmers worldwide to independently plan and optimize their GNSS machine guidance lines.

In October 2021, In Brazil, CNH Industrial introduced the novel AGXTEND platform for digital agriculture solutions. AGXTEND creates and supplies cutting-edge technologies that enable farmers to extend their agribusiness’s efficiency, sustainability, and economic success through precision farming.

Digital Agriculture Market Segmentation:

By Type

• Crop Monitoring
• Artificial Intelligence
• Precision Farming

By Technology

By Application

• Field Mapping
• Crop Scouting
• Weather Tracking
• Drone Analytics
• Others

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For this report, Introspective Market Research has segmented the Digital Agriculture Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

North America

Europe

• Germany
• UK
• France
• Italy
• Russia
• Spain
• Rest Of Europe

Asia Pacific

• China
• India
• Japan
• Singapore
• Australia
• New-Zealand
• Rest of APAC

Middle East & Africa

• Turkey
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa

South America

• Brazil
• Argentina
• Rest of SA

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Scope of the Report:

The latest research on the Digital Agriculture market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Digital Agriculture 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 Digital Agriculture 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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