Smart Agriculture Market is Rising, Farmers are Favouring Automation

Smart farming is growing at an incredible rate. In the last 10 years, many affordable and new data collection technologies have been developed. Because of its excellent Return on Investment, smart farming is a popular choice for farmers.

It increases the yield per acre of land so that farmers can get the best quality, quantity, and financial returns. This is expected to boost the smart-agriculture market in the forecast period.

According to a report by Market.us,” The Global Smart Agriculture/Farming Market is projected to reach a valuation of USD 42.88 Bn by 2032 at a CAGR of 10.5%, from USD 15.8 Bn in 2022.”

Smart agriculture is an agricultural practice that uses technology to increase yields, decrease inputs, and improve sustainability. It is often associated with precision agriculture, a type of farming that uses sensors, GPS, and other data-driven technology to manage crops and soil. Smart farming is an innovative and advanced method of farming that maximizes yield and reduces human effort.

Anurag Sharma, a senior research analyst at market.us said,” Agriculture is highly volatile. Hence, farmers are shifting towards advanced technologies, which is one of the key driving factors. Artificial Intelligence, cloud, machine learning, and blockchain are opening up market opportunities.”

He added,” Governments are investing heavily and creating lucrative initiatives to support the Smart Agriculture Market. Additionally, the government of several developing and industrial regions are providing tax benefits for market players involved in smart agricultural markets.”

Although smart agriculture has been around for decades, it is becoming increasingly important as the world population grows and the effects of climate change become more apparent.

Smart cameras have brought a new dimension to animal behavior monitoring with the introduction of smart cameras. Combining these images with climate control readings can generate new data that can lead to new insights.

Thanks to the growing acceptance of advanced technologies like cloud and artificial intelligence (AI), real-time assistance for farmers is possible. This is expected to boost the smart-agriculture market over the forecast period. The sensor technology has improved over the years and is now more effective in monitoring animals’ living conditions, including temperature, humidity, ammonia levels, and other environmental factors. This helps the farmers to be in check with the animal’s health.

Smart cameras have brought a new dimension to animal behavior monitoring with the introduction of smart cameras. Combining these images with climate control readings can generate new data that can lead to new insights.

Innovative features have been added to traditional greenhouse cultivation techniques to address global challenges such as climate change, population growth, and urbanization.

The demand for robotics and automation in greenhouse crop production is increasing. Although the original purpose of greenhouses was to grow crops under controlled conditions, smart systems can be used to reduce dependence on labor, increase profitability, and ensure sustainability.

Climate-smart farming (CSA) is gaining popularity worldwide to meet the challenges posed by climate change and provide food and energy in a sustainable manner. The Food and Agricultural Organization (FAO), defines CSA as a strategy for transforming agri-food systems to make them more climate-resilient and environmentally friendly. CSA focuses on climate change resilience and adaptation. It’s a way to transform agricultural systems to respond effectively to climate change and ensure food safety.

India has witnessed improvements in technology and practices in order to improve water management and climate-smart agriculture over the past few years. Solar-based irrigation systems, Direct Seeded Rice (DSR), are examples of these CSA methods.

Despite the developments, the lack of a proper communication channel and connected devices is creating miscommunications between the farmers and developers. Market growth is likely to be hindered by high prices for modern agricultural equipment, and fragmented agricultural land holdings.

Along with that, challenges concerning managing huge volumes of data to make a productive decision and solve environmental concerns could act as a hindrance to the smart farming market. Therefore tech companies should expand focus groups and offer training for farmers to help them adopt smart agricultural systems in large quantities.