specifically in the regions with unfavorable natural climate and densely populated that include
the U.S., Western Europe, China, India, and few other economies.
“Proliferating incorporation of advanced sensors and precision software and
hardware technologies will present strong consumer inclination for increased
agricultural produce”
Agricultural drones for monitoring field conditions by AgEagle; advanced analytics for agronomic
analysis by Aglytix; multi-sensor Vector Probe by probe AquaSpy, Virtual Optimizer (VO) water
management tool that monitors soil moisture and provides virtual agronomist services by
CropMetric; and API connectivity between fleet of green and yellow earth movers by John Deere
are few of the major advancements in the advanced farming market. Moreover, many other
major developments to enhance agricultural produce are taking place on daily basis, is expected
to garner significant growth opportunity over the forecast period.
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“Lack of proper knowledge, insufficient internet connectivity, and lack of appropriate
IT infrastructure to support these technologies will continue to hamper the industry
growth”
China, India, Russia, Indonesia, Thailand, and Brazil are among the major global agricultural
production economies. These are the economically developing regions wherein the rural produce
forms the major proportion of the country produce. Lack of appropriate knowledge of the
advanced farming processes, low consumer motivation, high operational complexities, and lack
of affordable internet connectivity is the major challenge hindering the overall industry growth.
“U.S. is expected to dominate the overall advanced farming market adoption rates
over the forecast period”
High consumer motivation towards advanced technologies, extensive government initiatives to
support the agriculture from the U.S. Department of Agriculture and high production demands
will drive the regional growth over the forecast period. China, India, Indonesia and Thailand are
among the most potential markets across the globe, however, lack of proper infrastructure and
knowledge for the handling of these systems will continue to interfere with the growth prospects.