#Global Indoor Farming Technology Market Share

[marketsndata]

[prenasper]

Indoor Farming Market Share, Rising Trends, Growth Drivers, Opportunities, Challenges, CAGR Status, Business Analysis and Future Outlook Till 2033: SPER Market Research

The practice of cultivating crops indoors without exposing them to the outside environment is commonly referred to as indoor farming. Vegetables, fruits, and herbs are the most widely cultivated indoor crops. Large-scale operations and compact spaces, such as basements, are both possible with indoor farms. Farming practices typically incorporate methods like hydroponics, where crops are nourished by artificial lighting. The yield from indoor farming technologies surpass traditional farming. A controlled environment inside the indoor farming complex creates an optimum growing conditions for the farmers to grow a crop from the seed till the harvesting stage arrives. In order to produce safer and healthier food, indoor farming technology refrains from employing any fungicides and all pesticides.

According to SPER Market Research, ‘Indoor Farming Technology Market Size- By Growing System, By Facility Type, By Component Type, By Crop Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Indoor Farming Technology Market is estimated to reach USD 48.08 billion by 2033 with a CAGR of 9.66%.

 The growing issue of a shortage of land for farming or food production, as a result of the world's population growing at an accelerated rate, is driving the development of indoor farming. Major advantages of indoor farming include improved crop growth, less water use, less reliance on outdoor temperatures or weather, labour cost savings, and improved energy conservation. These advantages are driving the global adoption of indoor farming practices, which is anticipated to fuel the growth of the indoor farming technology market. Modern agriculture has benefited from indoor vertical farming, which is gaining the interest of younger people. Technology for indoor farming makes it possible to maximize agricultural productivity and ecological sustainability due to shorter harvest times and better yields in less area.

Limited funding for agriculture-related businesses slows down research and development for indoor farming in public or private universities, which restricts the amount of data and information available. High set-up cost could be a restraining factor initially in indoor farming technology market. Since indoor farming equipment uses a lot of energy, farmers may find it difficult to pay for their high electricity bills. Furthermore, there is a need for higher public awareness and comprehension on the advantages of sustainable agriculture technologies and indoor farming. In addition, the sector lacks supervision and standards, which leads to variations in the safety and quality of products.

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The COVID-19 pandemic had a range of effects on the global indoor agricultural technology sector. The pandemic has hindered market expansion by causing labour shortages, supply chain interruptions, and a decline in consumer demand for non-essential commodities. However, the outbreak has highlighted the significance of resilient and sustainable food systems as well as food security, leading to increased investment in indoor farming technology. The epidemic has also prompted the development of automation and remote monitoring tools, which let farmers to oversee and manage their indoor crops from a distance. All things considered, the pandemic has brought opportunities as well as challenges to the worldwide indoor farming technology market.

 Indoor Farming Technology Market Key Players:

North America is the leading holder of share in Indoor Farming Technology Market. The need for indoor farming technology has been rising in this area as a result of the expanding involvement of international business lines in agricultural operations to satisfy crop producers' expectations to attain export-quality crops. Some of the key market players are Lumigrow, Signify Holding, Argus Control System, Everlight Electronics.

For More Information, refer to below link:-

Farming Technologies Market Future Outlook

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[lovelypol]

🌱 Precision Indoor Farming: Cultivating $14.7B Market by 2034

Precision Indoor Farming Market is experiencing significant growth, driven by the adoption of advanced technologies that allow for the cultivation of crops in controlled indoor environments. This innovative sector includes methods such as hydroponics, aeroponics, aquaponics, and vertical farming, along with cutting-edge technologies like IoT, AI, and data analytics to optimize plant growth. These techniques enable year-round, sustainable food production, addressing global challenges such as urbanization and food security. By enhancing both the quality and quantity of crop yields while minimizing resource usage, precision indoor farming offers a more sustainable solution for the future of agriculture.

To Request Sample Report: https://www.globalinsightservices.com/request-sample/?id=GIS11056 &utm_source=SnehaPatil&utm_medium=Article

The market is expanding rapidly, with vertical farming emerging as the leading sub-segment, known for its high-yield potential and efficient use of space. Hydroponics, another key method, is gaining traction due to its water conservation benefits, particularly in urban settings where water resources are limited. Regionally, North America holds the dominant market position, thanks to ongoing technological advancements and a strong focus on sustainable farming practices. Europe closely follows, with Germany leading due to its strong agricultural sector and government incentives supporting indoor farming.

In 2023, the market reached an estimated 200 million square meters, with projections to grow to 350 million square meters by 2033. The hydroponics segment accounted for 45% of the market share, followed by aeroponics at 30% and aquaponics at 25%. Companies such as AeroFarms, Bowery Farming, and Plenty Inc. are at the forefront of this revolution, utilizing innovative farming techniques and technologies to scale their operations.

As the demand for fresh produce continues to rise, and the push for sustainable urban farming solutions intensifies, the Precision Indoor Farming Market is set for continued growth, projected to expand at an annual rate of 15%.

#IndoorFarming #PrecisionFarming #VerticalFarming #Hydroponics #SustainableAgriculture #UrbanFarming #FoodSecurity #SmartFarming #IoT #AIinAgriculture #RenewableEnergy #Agritech #Automation #Aquaponics #Agribusiness #ClimateControl #LEDLighting #DataAnalytics #FarmingInnovation #TechInAgriculture #FarmingSolutions #SustainableFood #AgricultureTechnology #GreenFarming #FarmTech #FutureOfFarmin

[industryforecastnews]

Smart Agriculture Market Size, Share And Industry Report, 2030

Smart Agriculture Market Growth & Trends

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Software

Types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Livestock monitoring application

Smart greenhouse application

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

List of Key Players in the Smart Agriculture Market

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market

[global-research-report]

Soil-Free, Limitless Potential: Driving Growth in the Hydroponics Industry

The global hydroponics market size is estimated to reach USD 10.98 billion by 2030, exhibiting a CAGR of 12.4% from 2024 to 2030, according to the new study conducted by Grand View Research, Inc. The integration of smart farming technologies, notably exemplified by the adoption of vertical farming, has played a pivotal role in advancing hydroponics and is projected to be a key driver of market growth. The continuous improvement in hydroponics technologies, coupled with the introduction of state-of-the-art innovations such as environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, is expected to significantly bolster the demand for hydroponic solutions in the market.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is poised for substantial growth at a high Compound Annual Growth Rate (CAGR) during the forecast period. In contrast, aggregate hydroponics farming involves a range of technologies, including drip, wick, and ebb and flow systems. In these methods, plants are cultivated using a medium like rock wool or perlite. Selecting the appropriate medium is crucial for farmers, considering variations in pH and thickness that can impact root growth. However, liquid systems, such as deep-water culture and Nutrient Film Technique (NFT), eliminate the need for such media by delivering nutrients directly to the roots. This streamlined approach not only enhances efficiency but also accelerates the time required for yielding crops. Consequently, the adoption of liquid systems is anticipated to experience substantial growth throughout the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2022 and is estimated to continue its dominance over the forecast period. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2023, as countries such as China, India, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

The market is fragmented and has the presence of several key market players. Some prominent players in the market include AeroFarms, AmHydro, Argus Control Systems Limited, BrightFarms., Heliospectra and UrbanKisaan, among others. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, AeroFarms and Silal, a prominent fresh produce and agri-tech company in Abu Dhabi, have entered into a Memorandum of Understanding (MoU) to establish a durable research and development partnership focused on knowledge and technology exchange in advanced farming methods such as verical farming and hydroponics farming with local farmers.

Hydroponics Market Report Highlights

The market is expected to grow due to factors such as increasing demand for high-quality and pesticide-free crops, limited availability of arable land, and advancements in technology for efficient cultivation.

The aggregate systems holds a significant market share in the market due to factors such as their ability to provide controlled environments for plant growth, efficient nutrient delivery systems, and the flexibility to cultivate a wide range of crops.

The lettuce segment is projected to grow at the fastest CAGR of 15.4% over the forecast period. The online distribution channel segment growth is attributed to the factors such as its relatively short growth cycle, rising demand from households and fast-food chains, and its raw consumption in large quantities.

Europe is likely to emerge as the prominent segment, holding the largest market share by 2030. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics.

Hydroponics Market Segmentation

Grand View Research has segmented global hydroponics market report based on type, crop type, crop area, and region

Hydroponics Type Outlook (Revenue, USD Billion, 2017 - 2030)

Aggregate Systems

EBB & Flow Systems

Drip Systems

Wick Systems

Liquid Systems

Deep Water Culture

Nutrient Film Technique (NFT)

Aeroponics

Hydroponics Crop Type Outlook (Revenue, USD Billion, 2017 - 2030)

Tomatoes

Lettuce

Peppers

Cucumbers

Herbs

Others

Hydroponics Crop Area Outlook (Revenue, USD Billion, 2017 - 2030)

Upto 1000 sq.ft.

1000-50000 sq.ft.

Above 50000 sq.ft

Hydroponics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

Japan

India

South America

Brazil

Middle East and Africa (MEA)

Key Players

AeroFarms

AmHydro

Argus Control Systems Limited

Emirates Hydroponics Farms

Freight Farms, Inc.

Heliospectra

Signify Holding

Nutrifresh India

UrbanKisaan

Order a free sample PDF of the Hydroponics Market Intelligence Study, published by Grand View Research.

[hariganesh858]

Power Transmission Transformer Market

Power Transformer Market Size, Share, Trends: ABB Ltd. Leads

Integration of Renewable Energy Driving Market Growth

Market Overview:

The global Power Transformer Market is expected to be worth USD 22.83 billion in 2023, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Rising infrastructure investment and rising electricity consumption in developed and emerging economies are expected to be the primary drivers of market growth during the forecast period. Smart meters are a result of high demand and pro-smart grid projects, which should help the expansion of the power transformer business over the next few years. Moreover, several government initiatives are meant to modernize current power systems and install innovative power transformers to increase energy efficiency and lower losses.

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Market Trends:

Driven by technology developments, governmental initiatives, and mounting environmental concerns, the integration of renewable energy sources—especially wind and solar power—into worldwide electricity systems is fast accelerating. With forecasts showing that this percentage must increase to 57–78% by 2030 to keep a path to net-zero emissions, wind and solar power together accounted for 12% of worldwide electricity output in 2022. Significant investments in big projects like the Hornsea wind farm in the United Kingdom and the Noor Abu Dhabi Solar Plant in the United Arab Emirates as well as the development of new power transformer technologies able of managing variable renewable outputs support this trend.

Market Segmentation:

Three voltage levels define the market: low voltage transformers (for local distribution up to 1 kV), medium voltage transformers (for substation applications 1 kV to 69 kV), and high voltage transformers (for power transmission above 69 kV). Three types of cooling transformers are used: air-cooled transformers, which are fit for lower power applications; dry-type transformers, which are perfect for indoor use and have solid insulation; and oil-immersed transformers, which are generally used for high voltage and high power applications.

Market Key Players:

The power transformer market is highly competitive, with many prominent players vying for market supremacy through product innovation, strategic partnerships, and geographic growth. Key companies such as ABB Ltd., Siemens AG, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Bharat Heavy Electricals Limited (BHEL), Hyundai Electric & Energy Systems Co., Ltd., and CG Power and Industrial Solutions Limited dominate the market.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[kristinahertzz]

Floriculture Market

Floriculture Market Size, Share, Trends: Dümmen Orange Leads

Sustainable Practices Reshape Industry Landscape

Market Overview: 

The global floriculture market is projected to grow at a CAGR of 6.3% from 2024 to 2031. The market value is expected to rise significantly during this period, with Europe dominating the market, followed closely by Asia-Pacific. Key metrics include increasing urbanization, rising disposable income, and growing demand for ornamental plants and cut flowers.

The floriculture market is expanding rapidly, driven by rising consumer interest in gardening, landscaping, and interior décor. The COVID-19 pandemic has increased demand for indoor plants, as individuals spend more time at home. Furthermore, the growing popularity of employing flowers and plants in various events and festivities is helping to drive market growth.

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Market Trends: 

In response to growing environmental concerns, the floriculture business is transitioning to more sustainable practices. Growers are increasingly using environmentally friendly growing methods like as organic farming, integrated pest management, and water-saving irrigation technologies. Consumer demand for environmentally friendly products, as well as stricter pesticide use rules, are driving this trend. For example, the European Union's Farm to Fork Strategy intends to reduce chemical pesticide use by 50% by 2030, encouraging floriculture enterprises to innovate and adapt. Furthermore, environmental packaging options, such as biodegradable flower sleeves and recycled materials, are gaining popularity in the market.

Market Segmentation: 

Cut flowers remain the largest and most profitable section of the floriculture business, owing to increasing demand for fresh flowers at events, celebrations, and in everyday home decor. Roses, chrysanthemums, and tulips are among the most popular cut flower kinds, with roses accounting for over YY% of the global cut flower market. The expanding popularity of subscription-based flower delivery services in established nations, as well as the growing trend of flower gifting in emerging economies, are driving the segment's expansion.

In recent years, the cut flower industry has undergone considerable technological developments in post-harvest processing and cold chain management, which have extended flower vase life and enabled long-distance shipment. For example, the advent of modified environment packaging has enabled the preservation of cut flowers for up to three weeks, creating new export prospects for producers in Africa and South America.

Market Key Players:

Dümmen Orange

Syngenta Flowers

Beekenkamp Group

Selecta One

Danziger Group

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[marketanalysisdata]

Smart Agriculture Market set to Witness Rapid Growth by 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Smart Agriculture Industry – Analysis, Industry Size And Forecast, 2030

The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield

The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years

Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023

The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.

AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

Precision farming

Livestock monitoring

Smart greenhouse

Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Automation & control systems

Sensing devices

HVAC system

LED grow light

RFID tags & readers

Software

Web-based

Cloud-based

Types

System integration & consulting

Maintenance & support

Managed types

Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

Precision farming application

Yield monitoring

Field mapping

Crop scouting

Weather tracking & forecasting

Irrigation management

Inventory management

Farm labor management

Livestock monitoring application

Milk harvesting

Breeding management

Feeding management

Animal comfort management

Others

Smart greenhouse application

Water & fertilizer management

HVAC management

Yield monitoring

Others

Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

Europe

Asia Pacific

South America

Middle East and Africa (MEA)

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[sharvariakerkar]

EX 3 The world around us (Draft 2)

Food: With soil degraded and outdoor farming impossible, agriculture has moved indoors. Diets consist mainly of bio-engineered crops, lab-grown proteins, and nutrient bars, with flavorless, pre-portioned meals providing only essential nutrients. Local markets are gone, and food distribution is strictly controlled to prevent shortages, as usable farmland no longer exists.

Water: Clean water is strictly rationed and dispensed from government kiosks via digital credits. Taps are obsolete; instead, homes have automated dispensers that release small, measured amounts based on individual water allowances

Housing: Housing might shift towards "stacked neighborhoods" where entire communities live in interconnected, multi-story pods suspended above the ground.

Education: Most learning takes place through online platforms, with students using personal devices lessons, discussions, and assignments. Physical classrooms still exist but are smaller and less frequent, focusing more on hands-on projects.

Social Equity: Social equity remains a challenge, with severe inequality due to resource distribution. Wealthier groups control access to essentials like clean water, healthcare, and quality housing, while marginalized communities face resource scarcity and greater exposure to environmental hazards.

Gender Equality: Gender equality has made progress in legal frameworks, but economic disparity hinders true equality. Remote work has enabled more flexibility, reducing traditional gender role constraints.

Work & Income: The concept of work from anywhere has transformed, but for the low-income workforce, it has taken a unique turn. While wealthier workers enjoy immersive VR offices and virtual collaborations, low-income workers often find themselves in microtask hubs, local centers where they perform quick, digital tasks for companies worldwide.

Energy / Electricity: Energy relies mostly on solar, wind, and nuclear fusion. Personal energy consumption is rationed, and cities operate on “smart grids” that regulate and allocate electricity. Renewable energy is widely accessible, but the high cost of advanced systems puts poorer areas at risk of frequent blackouts.

⁠Peace & Justice: International conflict has decreased due to mutual climate threats, but social unrest within nations is common, driven by resource scarcity and inequality. Police forces are replaced with AI surveillance in wealthier areas, while under-resourced communities experience higher rates of violence due to desperation and limited law enforcement.

Political Voice: Digital Democracy Pods would be virtual spaces where people engage in debates, voting, and decision-making, using AI to personalize political discussions and simulate outcomes. These pods would allow global participation, but the control of these platforms by tech giants or governments might limit true democratic influence, creating a paradox of more engagement but less real power.

Transportation: Transportation has become super efficient and eco-friendly, with personal cars being rare and mostly owned by wealthy people. Most people rely on public transport like fast underground trains, self-driving buses, and electric cable cars to get around the city. Short trips are handled by small, shared self-driving pods that adjust routes based on where people need to go.

Air Pollution: Air pollution is critical, with most people wearing personal air filters and indoor spaces having filtration systems. Wealthier regions are shielded with clean zones that filter air around residential areas, while low-income communities suffer severe pollution exposure and related health effects.

⁠Noise Pollution: Noise-canceling technology evolved into something truly unique sound manipulation. Instead of just silencing noise, cities use advanced sound waves to reprogram sound itself, turning unwanted noise into a neutral or even soothing sound.

Non-Human life: There will be sustainable, living architecture made from bio-engineered organisms like fungi or algae that grow and adapt to environmental conditions. These "living buildings" could generate their own energy, absorb CO2, and even filter water, providing an organic alternative to traditional construction. The structures might shift shape with weather patterns or grow over time, making cities more interconnected with nature and reducing the ecological footprint of urban development. Chemical pollution: Chemical pollution will likely be a severe global problem, with widespread contamination of air, water, and soil. Many ecosystems will be permanently damaged by toxins like heavy metals, pesticides, and industrial waste. While technologies may exist to monitor and address pollution, large-scale cleanup will be slow and costly. ⁠Water bodies & Supply: Freshwater bodies are contaminated and scarce, with desalination and recycling as primary water sources. Lakes and rivers have become unusable in many areas. Waste management: Waste management relies heavily on recycling with landfill space nearly depleted. Urban places have waste to energy plants that generate electricity, and zero-waste buildings could be the norm, where everything is designed for reuse. Land use & Streets & Public Spaces: Public spaces are limited to indoor environments, where artificial greenery is used to simulate outdoor areas. Parks are replaced with indoor “green bubbles” for filtered air and limited nature exposure. Ocean pollution: Oceans are heavily polluted, and most marine life has declined or vanished. Scientists have discovered a fascinating phenomenon: some species of algae have adapted to thrive in polluted ocean environments, creating glowing "bioluminescent reefs" in areas once devastated by pollution. These glowing algae have become a new form of marine life. Effects of climate change: Climate change has led to extreme weather events, frequent flooding, and coastal erosion. Temperatures have risen significantly, making outdoor activities dangerous in many regions. Wealthy communities have climate-controlled environments, while lower-income groups are vulnerable to extreme conditions

Urban Agriculture & Greenification: Urban agriculture and greenification have evolved into a vital part of city life. Cities are filled with vertical farms, rooftop gardens, and hydroponic systems, growing everything from leafy greens to protein-rich algae.

Gender & Sexuality, Diversity & Inclusion: People are more open to diverse identities, but personal freedoms are impacted by environmental constraints. While cultural acceptance of gender and sexuality diversity has advanced, social divides between pollution-protected and high-risk zones exacerbate inequality. True inclusivity remains limited to affluent societies, where diversity is welcomed within protective enclaves. Accessibility and Sustainability: Accessibility has improved in technology-rich zones, where sustainability is prioritized to an extreme due to the need to reduce waste. However, access to these advancements is limited to wealthier populations. Sustainable solutions are a costly privilege, with poorer areas bearing the brunt of pollution from outdated infrastructure. Sustainability has become a matter of survival rather than a shared social value.

[harshnews]

Crop Development and Farming Market Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis

"Global Crop Development and Farming Market – Industry Trends and Forecast to 2029

Global Crop Development and Farming Market, By Type (Tobacco Farming, Sugar beet Farming, Sugarcane Farming, Cotton Farming, Other Miscellaneous Crop Farming), Application (Food and Beverages, Fodder), Farming Process (Organic Farming, Traditional Farming), – Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

**Segments**

- **Crop Type** - Cereals - Fruits - Vegetables - Oilseeds - Flowers - Others

- **Farming Type** - Conventional Farming - Organic Farming - Precision Farming - Indoor Farming - Vertical Farming - Others

- **Regional Analysis** - North America - Europe - Asia-Pacific - Latin America - Middle East and Africa

Crop development and farming form a crucial part of the global economy, providing essential food and raw materials for various industries worldwide. The segmentation of the market into different categories helps in understanding the dynamics and trends within the industry. Crop type segmentation includes cereals, fruits, vegetables, oilseeds, flowers, and others. Each crop type has its unique cultivation requirements and market demand, making it vital for farmers and businesses to strategize accordingly. Additionally, farming type segmentation encompasses conventional farming, organic farming, precision farming, indoor farming, vertical farming, and others. This segmentation reflects the evolving methods and technologies being adopted in the agricultural sector to enhance productivity and sustainability. Moreover, regional analysis plays a significant role in assessing market trends and opportunities across different geographies, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

**Market Players**

- Monsanto Company - Syngenta - Bayer CropScience - BASF SE - DowDuPont - Archer Daniels Midland Company - Cargill - Yara International - Bunge Limited - Agrium

The crop development and farming market comprise a diverse range of players contributing to the growth and innovation of the industry. Companies like Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont are key players in the market known for their extensive research and development activities in crop protection and biotechnology. Additionally,The crop development and farming market is a dynamic and evolving industry, driven by the constant need to meet the growing demand for food and raw materials globally. The market players play a vital role in shaping the landscape of this industry, with companies like Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont leading the way in innovation and research. These key players have established themselves as industry giants known for their cutting-edge technologies and sustainable agricultural practices. Through investments in research and development, these companies continue to introduce new crop varieties, pest control solutions, and agronomic practices that enhance crop yields and quality.

Monsanto Company, a renowned multinational agricultural company, has built a strong presence in the market with its focus on biotechnology and genetically modified seeds. By developing innovative traits that provide resistance to pests and diseases, Monsanto has revolutionized crop production practices worldwide. Syngenta, another major player in the industry, specializes in crop protection products and seeds. With a diverse range of offerings, Syngenta caters to the needs of farmers across different regions and crop types. Bayer CropScience, a subsidiary of Bayer AG, is known for its comprehensive portfolio of crop protection products, seeds, and traits. The company's commitment to sustainable agriculture and digital farming solutions sets it apart in the market.

BASF SE, a global leader in the chemicals industry, has a significant presence in the agricultural sector through its crop protection solutions and biotechnology research. By focusing on innovation and sustainability, BASF continues to contribute to the development of more efficient and environmentally friendly farming practices. DowDuPont, a merger of two industry giants, has a diverse portfolio spanning crop protection, seeds, and digital agriculture. The company's cutting-edge technologies and commitment to sustainability position it as a key player in the market.

Apart from the major multinational corporations, companies like Archer Daniels Midland Company, Cargill, Yara International, Bunge Limited, and Agrium also play crucial roles in the crop**Segments**

Global Crop Development and Farming Market, by Type: - Tobacco Farming - Sugar beet Farming - Sugarcane Farming - Cotton Farming - Other Miscellaneous Crop Farming

Application: - Food and Beverages - Fodder

Farming Process: - Organic Farming - Traditional Farming

The global crop development and farming market is witnessing significant growth and innovation driven by technological advancements, shifting consumer preferences, and the increasing need for sustainable agricultural practices. The industry is segmented based on crop type, farming type, and regional analysis to provide insights into the diverse dynamics of the market. Crop type segmentation includes cereals, fruits, vegetables, oilseeds, flowers, and others, each with specific cultivation requirements and market demands. The farming type segmentation covers conventional farming, organic farming, precision farming, indoor farming, vertical farming, and others, reflecting the industry's adoption of advanced technologies and practices. Regional analysis further enhances the understanding of market trends and opportunities across key geographies like North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

**Market Players**

The market players in the crop development and farming industry play a critical role in driving innovation, research, and development to meet the increasing global demand for food and raw materials. Key companies such as Monsanto Company, Syngenta, Bayer CropScience, BASF SE, and DowDuPont are at the forefront of the industry, known for their advanced technologies and

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Crop Development and Farming Market Landscape

Part 04: Global Crop Development and Farming Market Sizing

Part 05: Global Crop Development and Farming Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key takeaways from the Crop Development and Farming Market report:

Detailed considerate of Crop Development and Farming Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Crop Development and Farming Market-leading players.

Crop Development and Farming Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Crop Development and Farming Market for forthcoming years.

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[creativeera]

Hydroponics Market Poised for Rapid Growth Revolutionizing Agriculture with Sustainable, Soilless Cultivation

Hydroponics is the process of growing plants in a soilless environment with mineral nutrient solutions instead of soil. Hydroponics offers several advantages over traditional soil-based agriculture such as higher yield per unit area, minimal environmental effect, and independence from weather and pests. Hydroponic systems provide the plants with essential nutrients and water directly to their roots through dissolvable fertilizers. It makes use of less water as there is no run-off and drainage and produces quicker growth of plants.

The Hydroponics Market is estimated to be valued at US$ 10.6 billion in 2028 and is expected to exhibit a CAGR of 12% over the forecast period 2028. Key Takeaways Key players operating in the Hydroponics Market are Argus Control Systems Ltd., BrightFarms Inc., Circle Fresh Farms, Horti Tech, Hydrodynamics International, and Koninklijke Philips NV. Hydroponics facilitates higher yields and more frequent harvests per year compared to traditional farming. It produces yields 4-6 times greater than soil-based agriculture while using 95% less water. Key players are expanding their production facilities globally to meet the growing demand for contamination-free vegetables and fruits. The growing Hydroponics Market Growth for organic foods and rising environmental concerns over conventional farming practices are fueling the adoption of hydroponics worldwide. Furthermore, scarcity of arable land and shortage of freshwater resources are encouraging farmers to opt for sustainable soilless cultivation techniques. Countries in Asia Pacific and Middle East & Africa regions are increasingly implementing hydroponic farming systems to ensure food security. Market Key Trends One of the major trends in the hydroponics market is the increasing investment in indoor vertical farming projects. Indoor vertical farms maximize space utilization and enable year-round production regardless of weather conditions. Led by artificial intelligence (AI) and Internet of Things (IoT), they facilitate real-time monitoring of hydroponic parameters for optimum plant growth. With several notable projects underway, vertical farming is expected to revolutionize urban agriculture.

Porter's Analysis Threat of new entrants: Low startup costs and technical know-how are relatively low barriers for new entrants in hydroponics market. Bargaining power of buyers: Large retail buyers and online platforms have significant bargaining power against hydroponics suppliers. Bargaining power of suppliers: Specialized equipment manufacturers and distributors of hydroponic nutrients have some bargaining power over cultivators. Threat of new substitutes: Technologies like aeroponics and aquaponics pose threat of substitution to hydroponics systems in long run. Competitive rivalry: Many small and medium scale cultivators compete intensely to supply vegetables through grocers as well as online platforms. Geographical Regions North America accounts for the largest share in global hydroponics market, driven by early adoption and higher consumer spend in the US and Canada. Countries like Netherlands, Germany, Spain are the major markets in Europe due to emphasis on sustainable agricultural practices. Major share of hydroponics produce in Asia Pacific is concentrated in China, Japan and Australia owing to land and water constraints in these densely populated nations. The fastest growing regional market for hydroponics is Latin America led by Brazil, Chile and Colombia. This growth can be attributed to rising area under greenhouse cultivation supported by government initiatives and increasing exports of high value crops. Countries like Kenya and Morocco in Africa are also emerging as lucrative markets for hydroponics with growing commercial greenhouse industry.

Get more insights on Hydroponics Market

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[industrynewsupdates]

Vertical Farming Market Size, Share, Growth and Industry Trends 2024 - 2030

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Gather more insights about the market drivers, restrains and growth of the Vertical Farming Market

Vertical Farming Market Report Highlights

• The escalating production of biopharmaceutical products is anticipated to drive the market

• The shipping container segment accounted for the largest market share in 2022. Shipping container-based farming uses less water than traditional farming with drip irrigation. Shipping containers can be easily stacked, modified, recycled, and refurbished at a lower cost. Additionally, the excess availability of unused shipping containers across the region will likely influence segment growth over the forecast period

• The hardware segment accounted the largest market share in 2022. The hardware plays a significant role in maintaining the environment of the indoor farms. The segment is further categorized into climate control systems, lighting systems, sensors, and irrigation systems, which enables the cultivation of indoor-grown crops

• The fruits vegetables, & herbs segment is also expected to have considerable growth over the forecast period. The increasing cultivation of commonly grown fruits and vegetables in greenhouses is driving the segment growth. Crops grown in vertical farming provide maximum profit to companies involved in their cultivation

• Based on offering, the climate control segment is expected to witness high growth over the forecast period as the growth of crops can be controlled by monitoring and adjusting the concentrations of minerals

• By growing mechanism, the aeroponics segment is expected to observe considerable growth over the forecast period as the aeroponics facilitate fast growth in plants (under normal conditions)

• The North American regional market is expected to witness significant growth over the forecast period owing to the expansion of small-scale, commercial vertical farms

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global synthetic data generation market size was valued at USD 218.4 million in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030. 

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Vertical Farming Market Segmentation

Grand View Research has segmented the global vertical farming market report based on structure, growing mechanism, crop category and region

Vertical Farming Structure Outlook (Revenue, USD Million, 2017 - 2030)

• Shipping Container

• Building-based

Vertical Farming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Lighting

o Hydroponic components

o Climate control

o Sensors

• Software

• Services

o System Integration & Consulting

o Managed Services

o Assisted Professional Services

Vertical Farming Growing Mechanism Outlook (Revenue, USD Million, 2017 - 2030)

• Hydroponics

• Aeroponics

• Aquaponics

Vertical Farming Crop Category Outlook (Revenue, USD Million, 2017- 2030)

• Fruits Vegetables, & Herbs

o Tomato

o Lettuce

o Bell & Chili Peppers

o Strawberry

o Cucumber

o Leafy Greens (excluding lettuce)

o Herbs

o Others

• Flowers & Ornamentals

o Perennials

o Annuals

o Ornamentals

• Others (Cannabis, Microgreens)

Vertical Farming Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East and Africa (MEA)

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[tamanna31]

Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Smart Agriculture Industry Overview

The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. 

Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.

To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.

Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.

The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. 

The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.

AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.

Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.

Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.

Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

Recent Developments

In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.

In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.

In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.

In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.

In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.

In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.

In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.

In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.

Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.

[global-research-report]

Smart Agriculture Market by Region: Segmentation, Opportunities, and Insights

The global smart agriculture market was valued at USD 22.65 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030. This rapid growth is driven primarily by the increasing automation of commercial greenhouses and the widespread adoption of controlled environment agriculture (CEA) in greenhouse setups. CEA enables cultivators to achieve higher yields by carefully managing factors like temperature, humidity, and lighting, resulting in optimal growing conditions. As cultivators increasingly recognize the advantages of greenhouse cultivation, the development and adoption of commercial greenhouses have expanded. There is a shift away from traditional lighting systems toward LED grow lights, which, despite their higher initial cost, are favored for their energy efficiency and suitability for CEA setups in indoor farming environments.

The smart agriculture market is also propelled by advancements in equipment equipped with sophisticated sensors and imaging technology. Key technologies enhancing market demand include livestock biometrics, where tools like RFID, biometrics, and GPS allow cultivators to monitor livestock in real time, capturing vital data on animal health, location, and behavior. Additionally, infrastructural health sensors are becoming essential for monitoring the condition of various agricultural facilities, from buildings and bridges to factories and farms. Connected to intelligent networks, these sensors provide instant data to maintenance teams, allowing for proactive care of structures and equipment.

Agricultural robots are another significant technological advancement, streamlining essential farming activities like soil preparation, weeding, fruit picking, harvesting, planting, plowing, and irrigation. This automation not only reduces labor costs but also boosts efficiency and precision in agricultural tasks, supporting the market’s upward trajectory.

To maintain profitability, farmers are increasingly adopting advanced and efficient agricultural technologies, ensuring they can meet the growing demand for high-quality products in the smart agriculture market. Mobile technology also plays a key role, providing new applications and tools that enhance the agricultural value chain, from monitoring and maintenance to harvesting and distribution.

Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market

Regional Insights

North America: In 2023, North America led the global smart agriculture market, holding a substantial 44.07% market share. The region is expected to continue its growth, with a projected CAGR of 12.3% from 2024 to 2030. This growth is fueled by increasing government initiatives and regulatory measures aimed at modernizing and sustaining the agricultural sector. To support these efforts, organizations across the region have collaborated to establish the North America Climate Smart Agriculture Alliance (NACSAA), a coalition dedicated to educating cultivators on sustainable agricultural practices. Water conservation has also become a key focus, with governments in North America actively promoting smart irrigation through subsidies. For example, the government of California has introduced rebates on smart controllers, incentivizing farmers to adopt water-efficient technologies that align with environmental conservation goals.

Asia Pacific: The Asia Pacific region is poised for the fastest growth in the smart agriculture market during the forecast period. Although still in the early stages of adoption, the market is set to expand rapidly due to rising government support and increasing awareness among farmers. In Japan, for instance, the Ministry of Agriculture has been actively funding precision agriculture initiatives to enhance productivity and resource efficiency. Additionally, farmers' associations and community-based organizations in each country play a pivotal role in advocating for sustainable agricultural practices, further driving demand for smart agriculture solutions.

In Singapore, where approximately 90% of food consumption relies on imports, the demand for innovative farming techniques is expected to grow significantly. Singapore's push toward self-sufficiency in food production and sustainable practices will likely boost the adoption of smart agriculture. Furthermore, the rising popularity of organic farming among small farmers in parts of South Asia is expected to enhance regional market growth, as demand for more sustainable and efficient farming solutions increases across the sector.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global postal automation system market size was estimated at USD 903.7 million in 2024 and is projected to grow at a CAGR of 7.0% from 2025 to 2030.

The global generative AI market sizewas valued at USD 16.87 billion in 2024 and is projected to grow at a CAGR of 37.6% from 2025 to 2030. 

Key Companies & Market Share Insights

The global agriculture technology market features prominent companies, including Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd., BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc., Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., and Topcon Positioning Systems, among others.

AGCO Corporation, headquartered in the U.S., is a leading manufacturer of agricultural equipment. The company offers an extensive product lineup, including tractors, combines, forage equipment, hay tools, self-propelled sprayers, seeding and tillage equipment, and smart farming solutions. This diverse product portfolio enables AGCO to meet the varying needs of the modern agricultural sector, providing solutions that enhance efficiency and productivity.

Deere & Company, another key player, is involved in manufacturing a broad range of machinery for agriculture and forestry, along with heavy equipment like drivetrains and diesel engines. Deere & Company’s offerings also include lawn care equipment and other machinery for industries such as landscaping, construction, government and military, and sports turf. Its diversified product line positions the company as a strong competitor across multiple sectors, helping it maintain a robust market presence.

Prospera Technologies and Agrible, Inc. are emerging players in the agriculture technology market, contributing to its evolution with advanced solutions.

Prospera Technologies is a global provider specializing in agricultural technology for optimizing irrigation and crop health management. Using AI-powered sensors and cameras, Prospera enables farmers to monitor crop conditions and make data-driven decisions, ultimately enhancing yield and resource efficiency.

Agrible, Inc., based in the U.S., offers agriculture solutions to customers in over 30 countries. Agrible’s services are aimed at optimizing critical aspects of farming, including water use, crop protection, fertilization, and fieldwork. Additionally, the company supports research trials, food supply chain management, and sustainability efforts, helping clients achieve operational efficiency and environmental goals.

 

Key Smart Agriculture Companies:

Ag Leader Technology

AGCO Corporation

AgJunction, Inc.

AgEagle Aerial Systems Inc.

Autonomous Solutions, Inc.

Argus Control Systems Ltd

BouMatic Robotic B.V.

CropMetrics

CLAAS KGaA mbH

CropZilla

Deere & Company

DICKEY-john

DroneDeploy

DeLaval Inc

Farmers Edge Inc

Grownetics, Inc.

Granular, Inc.

Gamaya

GEA Group Aktiengesellschaft

Raven Industries

Trimble Inc.

Topcon Positioning System

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Plant Factory Industry Future Outlook, Global Trends, Industry Share And Top Key Players

The global plant factory market size was valued at US$ 129 million in 2022 and is poised to grow from US$ 138 million in 2023 to US$ 196 million by 2028, growing at a CAGR of 7.3% in the forecast period (2023-2028). Plant factories, also known as vertical farms or indoor farms, are advanced agricultural systems designed to produce crops in controlled environments using cutting-edge technology. These facilities utilize artificial lighting, climate control, and hydroponics or aeroponics to optimize plant growth, offering an innovative solution to the challenges faced by traditional agriculture.

Hydroponic farming, a key component of vertical farming, uses significantly less water than traditional agriculture due to its efficient water use system. Plants consume only 0.1% of the water supplied, with the rest being returned to the environment through evapotranspiration. In contrast, conventional farming often wastes water due to inefficient irrigation, evaporation, and poor water management. Vertical farming allows for efficient water use, using up to 95% less water than traditional methods. According to the Columbia University Earth Institute, vertical farmers use 70% to 95% less water compared to conventional farmers for plant cultivation.

Post-Pandemic Growth: How COVID-19 Accelerated Plant Factory Adoption in Restaurants and Grocery Stores

The adoption of indoor farming by restaurants and grocery stores is gaining momentum, driven initially by retailer acceptance and gradually by public acceptance. Major grocery chains like Walmart, Kroger, and Albertsons have established agreements with indoor growers to source produce. Publix, based in Lakeland, Florida, has also embraced this trend by introducing an on-site trailer farm from a nearby hydroponic grower. According to a 2021 survey by FMI, The Food Industry Association, 43% of consumers expressed a preference for produce grown outdoors over that grown indoors. However, members of Generation Z, who are rapidly becoming America’s most influential demographic, showed a stronger preference for produce from indoor sources.

Greenhouses Dominate Plant Factory Industry Share

Greenhouse farming offers several advantages over traditional farming methods, such as greater control over environmental factors like temperature, humidity, and lighting, which can result in higher crop yields and quality. As growers see the benefits of greenhouse farming, they may also become interested in incorporating plant factory technology into their operations, which can further increase efficiency, reduce costs, and improve crop quality. This can drive further demand for plant factory systems and technologies, leading to further growth in the plant factory industry.

Plant Factory Market Growth Drivers

To meet the rising demand for food and address the challenges posed by shrinking cropland and declining soil fertility, alternative farming techniques like vertical farming have gained prominence. These technologies are crucial for achieving food self-sufficiency, especially in countries that have historically struggled with domestic production and supply due to limited natural resources and unfavorable climatic conditions. The scarcity of arable land, poor soil quality, and increased food demand have spurred the development of innovative methods like vertical farming, which is gradually gaining traction worldwide. Vertical farming optimizes space by growing food in stacked layers or towers, offering advantages such as more efficient land use, consistent year-round crop production unaffected by weather conditions, and reduced water and pesticide usage.

In recent years, many restaurants have embraced the concept of local food, advancing it further with the acceptance of hyperlocal food. This approach involves restaurants either growing their own produce or sourcing it from nearby farms, promoting sustainability and supporting the local economy while ensuring high-quality ingredients. Hyperlocal restaurants, which source almost all their food locally, have become more common. Some restaurants even have their own gardens to grow the vegetables used in their dishes.

Europe Dominates Global Plant Factory Market Share

The plant factory industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The growth of the plant factory market in Europe is driven by a combination of factors, including increased demand for locally grown produce, government support and funding, technological advancements, environmental concerns, and growing consumer interest in sustainable and locally grown produce. Many European countries have implemented policies and initiatives that encourage the adoption of sustainable agricultural practices, including plant factories. For example, the European Union’s Horizon 2020 program has allocated significant funding for research and innovation in sustainable agriculture, including plant factory technology. Additionally, some countries offer tax incentives and other benefits to growers who adopt these practices.

Plant Factory Leaders: How AeroFarms, Gotham Greens, and Others are Shaping Agriculture

· AeroFarms: Transforming urban agriculture with over 14 years of expertise in aeroponics, AeroFarms builds large-scale indoor vertical farms for high-quality baby leafy greens and microgreens. With a focus on local freshness and a patented growing cloth medium, AeroFarms partners with global leaders like IKEA and Goldman Sachs to bring sustainable farming solutions to the US and beyond.

· Gotham Greens: Pioneering urban agriculture, Gotham Greens operates climate-controlled, solar-powered greenhouses across American cities. By leveraging hydroponic technology and machine learning, they produce fresh, local produce year-round, all while minimizing environmental impact with their sustainable energy practices.

· Bowery Farming Inc: As the largest vertical farming company in the US, Bowery Farming Inc. uses cutting-edge technology, including AI and robotics, to grow organic, pesticide-free produce. Their smart farms, powered by BoweryOS, ensure fresh, flavorful greens are available at major retailers and grocery stores across the Northeast and Mid-Atlantic regions.

· Oishii: Revolutionizing the fruit industry, Oishii’s vertical farms in the US produce the renowned Japanese "Omakase Berry." By mimicking ideal growing conditions and eliminating pesticides, Oishii delivers strawberries with unmatched sweetness and quality, advancing sustainability in the vertical farming sector.