How is the agriculture industry adapting to new technology?
Thank you for getting in touch with ReportLinker. Out of our many reports, we have selected three that we hope will help answer your question.
The first, Smart Agriculture Market by Hardware and Network Platform, Service, Software, Application and Geography – Global Forecast to 2022 was published by MarketsandMarkets in February 2016. The smart agriculture market is expected to have a compound annual growth rate of 13.8% between 2016 and 2022, with an estimated final value of $18.45 billion. The main driving factors of the market are increased adoption of technology, increased global demand for food and assistance in monitoring livestock performance and health. Precision farming held the largest share of the smart agriculture market in 2015. The regional market that is expected to have the most growth over the 2016-2022 period is Asia Pacific.
The next report is WinterGreen Research’s Agricultural Drones Market Shares, Market Strategies and Market Forecasts, 2016-2022. It was published in April 2016 by Wintergreen Research. This 288 page study looks at the drone market and expects it to have significant growth in the future. In 2015, the amount of venture capital invested in agricultural technology start-ups was $4.25 billion. The internet of things continues to integrate itself further and further into the agricultural drone market. The global market for agricultural drones is currently valued at $494 million and it is expected to reach $3.69 billion by 2022.
The final report, Smart Commercial Drones: Market Shares, Strategies and Forecasts, Worldwide 2015-2021 was published in August 2015 by Wintergreen Research. This report shows that as drone technology improves with better stability, reliability, navigation, and other aspects, that drones will continue to have more uses across all industries. The diverse agricultural applications include spraying, lifting trays of flowering plants and rounding up cattle.
We hope this information has been helpful to you. There is a lot of useful information about the agriculture industry in ReportLinker’s portal. If you have any questions or further needs, please feel free to contact us.