The global smart agriculture/farming market is predicted to reach at USD 18.21 billion by 2025, according to a report published by Grand View Research, Inc. Growing necessity for hygienic and fresh food is anticipated to propel demand for smart agriculture/farming techniques. Such techniques can support farmers in yielding high-quality crops and maintain optimum growing conditions.
Increasing global warming across the globe is creating unfavorable climatic conditions for fruitful farming. In addition, growing number of construction activities owing to rapid urbanization and increasing water pollution levels are expected to reduce the availability of cultivable land. Thus, frequently changing climatic conditions and lack of cultivable land are likely to influence the demand for smart farming/agriculture. Most of the companies in the field are focusing on offering advanced farming techniques or products through launching new products.
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For instance, Mahindra and Mahindra recently introduced its first ever driverless tractor to leverage farming mechanization. This tractor can make farming more profitable and productive. It can be programed to perform various tasks of farming and can be controlled easily via mobile application. Equipped with GPS technology, the new tractor travels along a straight line and can orient itself along adjacent lines for continuous operations. In addition, it can also pick farming tools from ground by itself and offers safety features such as remote engine start-stop and geofence lock.
The global smart agriculture/farming market is estimated to witness a strong growth rate during the forecast period (from 2018 to 2025). Growing adoption of Controlled Environment Agriculture (CEA) concept in farming to enhance yield is anticipated to be the key factor driving the growth of this market. Increasing use of automation in commercial greenhouses to obtain better crop yield is also anticipated to stimulate the growth of the global market. Shifting focus of farmers towards Light Emitting Diode (LED) from traditional lighting system on account of its ease of integration into CEA setup may also have a positive impact on the market development. High demand for fresh and high-quality food from consumers is also estimated to propel the industry expansion during the forecast period. Some of the leading companies offering smart agriculture/farming techniques are Argus Control Systems Ltd.; Agribotix LLC; Autonomous Solutions, Inc.; CNH Industrial; and CLAAS.
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