Smart Agriculture Market Analysis and Forecast Report, 2016 –2024 Smart Agriculture Market | Seite 2

monitoring and detection of health issues in animals. In fish farming, GPS, sensors
and mobile phones are widely used for fleet navigation and fish tracking. Smart
agriculture market serving the fish farming applications is expected to witness robust
growth. Smart greenhouse applications cover a wide range such as HVAC
management, fertilizer and water management and yield monitoring.
Geographically, the smart agriculture market is segmented into five regions, North
America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In 2016,
North America held the major share of smart agriculture market. Deep-dive research
projects funded by the government to increase the crop yield and minimizing human
labour are the key factors for the growth of smart agriculture in North America. Europe
is second in race and has lucrative opportunities owing to the investments made by
the government for research and development of robust technology.
The market in Asia Pacific has witnessed an influential rise in smart agriculture owing
to the developing nations which are adopting smart technology for agriculture. China,
Australia, India, South Korea and Japan are witnessing a substantial growth in the
market which is expected to grow at a robust pace between 2017 and 2022.
The key market players operating in this industry are Deere & Company, AGCO
Corporation, Semiosbio Technologies Inc., Cisco Systems Inc., Trimble, Inc., DeLaval
Corporation, Raven Industries, Inc., Advanced Ag Solutions LLC, Digi-Star LLC, etc.
Players are banking on strong partnerships and high level of investments in the
market. In April 2016, Flex technology accelerator, Lab IX and Robert Bosch Venture
Capital GmbH invested in CropX Inc., a U.S. based smart agricultural solution
provider, to enhance its product portfolio. In January 2017, Agribotix LLC signed a
partnership deal with SenseFly to offer a range of sensors, drones and agricultural
data processing technology.
Market research reports: Key analytical components
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