Smart Agriculture Market Size, Share, Industry, Forecast and outlook (2024-2031)

Question 1

What is the expected size of the smart agriculture market by 2031?

Answer

The global smart agriculture market is projected to reach a whopping $35.4 million by 2031, growing at a steady CAGR of 5.8%.

Question 2

Who are the major players in the smart agriculture market?

Answer

Major players include AGCO, John Deere, Trimble, DeLaval, and The Climate Corporation.

Question 3

Which segment holds the largest market share?

Answer

Precision farming, with its data-driven approach to optimize resource use and yields, holds the largest share at 25.8%.

Question 4

What region is leading the smart agriculture market?

Answer

The Asia-Pacific region, with its large population and government support for technology adoption, holds the largest market share at 38.6%.