Reports and Data has recently added a new research report titled ‘Global Farming 4.0 Market Forecast to 2030’ to its wide database that offers extensive information about the Farming 4.0 Market with regards to market share, market size, revenue growth, global and regional reach, and product portfolio offered by the market. The report focuses on current and emerging trends in the agriculture industry such as sustainable farming, novel irrigation and air seeding technology, incorporation of GPS and satellite imagery to boost productivity of the farms, and rapid adoption of smart agriculture to offer crucial insights into technological developments and progress of the sector. Agriculture is one of the fastest growing industries worldwide attributed to growing population and surging demand for food and food products. Top companies in the market are focusing on RD activities to expand their product offerings and cater to growing global demand.
The report further offers insights into recent developments, mergers and acquisitions, product launches, supply and demand, and macro- and micro-economic factors affecting the market growth. The global agricultural 4.0 market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period.
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Agriculture sector is one of the most important revenue generating sector and contributes significantly to the overall economic growth of a country. Technological advancements in agricultural equipment and techniques have drastically boosted output and production capacity. Rapid integration of ICT, robotics, aerial imagery and GPS techniques, and the Internet of Things, among others have radically shaped agricultural sector in the recent past. Growing adoption of precision agriculture and drones have enabled farms and businesses to increase their profit margins and improve their operations to be more efficient, safer, and environmentally sustainable.
Agriculture 4.0 refers to one of the next big trends in the sector including rising focus on adopting precision agriculture, Internet of Things, Artificial Intelligence (AI), and big data to increase efficiency of farming. Agriculture 4.0 refers to integration of precision farming and actions in the agricultural sector that are based on precise and accurate analysis of data and information that are collected through advanced tools and technologies. Agriculture 4.0 includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others. Integration of digital technology into farming practices have enabled farmers and companies to increase yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is expected to result in yielding of cost-effective and high-quality food. Smart farming technologies have become increasingly common in modern agricultural practices to efficiently optimize agricultural and livestock production. Unmanned Aerial Vehicles (UAVs) and drones have been widely used to locate and identify weeds, robotics for milking livestock and remove weeds, and smart programs such as Microsoft’s Cortana Intelligence Suite to determine optimal planning dates for crops. Advancements in these technologies is further driving the shift towards agriculture 4.0 and this is expected to further support revenue growth of the global market.
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Key companies in the market are focusing on RD for development of novel and advanced agricultural devices, temperature and moisture sensors, and systems to supply to the growing demand. Moreover, they are offering training and assistance to farmers on how to deploy and utilize novel technologies along with their existing practices to boost farm and livestock productivity. The competitive landscape section of the report discusses in detail the company overview, product and services portfolio, business expansion plans, production and manufacturing capacity, financial standing, and global market position. It further sheds light on the recent mergers and acquisitions, collaborations, partnerships, corporate and government deals, agreements, and product launches.
Top companies operating in the market and profiled in the report include:
- Saga Robotics
- Robotics Plus
- Ceres Imaging
Further, the report segments the Farming 4.0 Market on the basis of product types, applications, end-use industries, and technology among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
Farming 4.0 Market Segmentation:
- Big Data
- Cloud Computing
- Picking Crops
- Milking Livestock
- Agrochemical Distribution
- Remote Monitoring
- Vertical Farming
- Genetically Modified Crops
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