Agriculture 4.0 Market Trends, Size, Challenges, Growth Opportunities, Share, CAGR Status and Future Investment Strategies till 2021-26

Market Overview: Agriculture 4.0 Market FY2021-26

According to MarkNtel Advisors, the Global Agriculture 4.0 Market is projected to grow exponentially during 2021-26. The market expansion primarily attributes to the gradually shrinking arable land, coupled with flooding population & its growing requirements for high-quality food products. According to the UN FAO, the global population is estimated to be 9.1 Billion by 2050, i.e., nearly 34% higher than today. Consequently, to feed this larger population, food production must increase by 70 percent.

In addition, the various government initiatives toward promoting modern farming techniques like the adoption of robots in farming, coupled with the introduction of advanced technologies, such as Blockchain, drones, Big Data, etc., across the agriculture sector in crop production, shall also drove the market in the coming years.

The soaring investments in agricultural technology, surging inclination toward greenhouses & indoor farming, and reducing productivity in agriculture due to droughts & floods are other crucial factors expected to augment the market expansion.

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According to the world bank, the fashion sector is responsible for 10% of global carbon emissions, which exceeds the combined emissions from international flights & maritime shipping. At this pace, the sector’s greenhouse gas emissions will rise more than 50% by 2030. Hence, with these surging carbon emissions, the demand for eco-friendly materials is expected to significantly increase, which, in turn, would boost the market during 2021-26.

Market Drivers

The most prominent factor anticipated to drive the Global Agriculture 4.0 Market in the coming period is the rapidly increasing adoption of technologies like Variable Rate Technology (VRT), remote sensing, GPS, etc., to increase crop productivity and reduce labor overheads. In addition, the growing adoption of drones for spraying, pruning, weeding, and harvesting applications also helps farmers monitor processes at farmlands remotely, which shall gain momentum by reducing the need for manual labor & labor costs.

This segment delves into the futuristic outlook of the Agriculture 4.0 Market, offering insights for competitors and investors regarding the industry’s anticipated growth. For a better understanding of what could be briefed in this section, please review the summary:

Agriculture 4.0 Market Segmentation Analysis – FY2021-26

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Agriculture 4.0 Market (2021-26). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Agriculture 4.0 Market segmentation is enlisted below:

By Component
1. By Hardware
  1. Livestock Monitoring Hardware
    1. RFID Tags and Readers
    2. Sensors
    3. Control Systems
    4. GPS
    5. Others (Drones)
  2. Agriculture Hardware
    1. Automation and Control Systems
    2. Sensing and Monitoring Devices
  3. Forestry Hardware
    1. Harvesters & Forwarders
    2. UAVs/ Drones
    3. GPS
    4. Cameras
    5. RFID and Sensors
    6. Variable Rate Controllers
    7. Others
  4. Fish Farm Hardware
    1. GPS/ GNSS
    2. Sensors
    3. Others
  5. Greenhouse Farming Hardware
    1. Combined Heat and Power Systems (CHPs)
    2. Cooling Systems
    3. Automated Irrigation Systems
    4. pH Sensors
2. By Software
  1. Cloud Based
  2. Local/Web Based
By Application
1. Farming
  1. Crop health assessment
  2. Crop Monitoring and Spraying
  3. Planting
  4. Soil and Field analysis
  5. Field Mapping
  6. Weather Tracking and Forecasting
  7. Irrigation Management
  8. Inventory Management
  9. Farm Labor Management
  10. Financial Management
2. Forestry
  1. Genetics and Nurseries
  2. Silviculture and Fire Management
  3. Harvesting Management
  4. Inventory and logistics Management
3. Livestock Monitoring
  1. Heat Stress & Fertility Management
  2. Milk Harvesting Management
  3. Feeding Management
  4. Animal Health & Comfort Management
  5. Behavior Monitoring Management
  6. Others
4. Fish Farm Monitoring
  1. Tracking and Fleet Navigation
  2. Feeding Management
  3. Water Quality Management
  4. Others
5. Smart Green House
  1. HVAC Management
  2. Yield Monitoring
  3. Water and Fertilizer Management
  4. Lighting Management
6. Others (Aquaculture farming)
By End Users
1. Livestock
2. Agro-forestry
3. Fishing
4. Aquaculture
By Region
1. North America
2. South America
3. Asia Pacific
4. Europe
5. Middle East & Africa

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Agriculture 4.0 Market Competitive Landscape

The competitive landscape of a Agriculture 4.0 market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.

Essential characteristics of the competitive landscape typically encompass:

· Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.

· Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.

· Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.

· Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.

· Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.

· Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.

Let us know the Key Companies of the Agriculture 4.0 Market:

Trimble Inc., Deere and Company, Agco Corporation, Raven Industries, DeLaval, GEA Group, Agjunction, Antelliq, Ponsse, Komastu Forest, DJI, Granular, Hexagon Agriculture, Crop metrics, Dickey-John

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Key Report Highlights

· Market Dimensions & Projections

· Pricing Evaluation,

· Recent Strategic Moves by Companies,

· Primary Stakeholders,

· Analysis of Import and Export Trends,

· Competitive Landscape Assessment,

· Emerging Opportunities,

· Market Trends and Indicators

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