
Self-Sustaining Smart Farms Market Size worth US$ 2,360.47 Million Propelled by 10.3% CAGR Forecasted by 2025 to 2034
The surge of IoT and automation has transformed farming, which is driving the market demand.
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The prominent idea behind smart farming systems is to utilize progressive data and contemporary technology to enhance the productivity of agricultural firms. In essence, it is all about escalating the aggregate and standard of agricultural commodities while decreasing resources administered at each phase of the business lifecycle. Utilizing an amalgamation of contemporary technology, farmers and agricultural industry stakeholders can both handle prevalent economic, political, and ecological provocations.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
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Just about any smart farming technology for precision agriculture and livestock farming to intelligent greenhouse mechanization is dependent on the usage of IoT devices. To maximize field monitoring procedure, IoT devices are positioned throughout the farm, vehicle, or other apparatus so that the data can be garnered seamlessly and continuously. Automated systems regulate irrigation, fertilization, and pest control without much manual endeavor, pushing the self-sustaining smart farms market growth.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐๐ซ๐ญ๐ก ๐ข๐ง ๐๐ซ๐จ๐๐ข๐๐ข๐๐ง๐ญ ๐๐๐๐จ๐ซ:
Several regions encounter a dearth of proficient labor in agriculture rendering conventional farming practices arduous to sustain. For instance, as per the World Bank, in India alone, agricultural exercise reduced to 44% in 2022 of the aggregate population from 58% in 2002, portraying the dearth of labor in the agricultural sector. Farmers are growingly resorting to technology to bridge the gap, allowing the self-sustaining smart farms market demand to grow at a fast pace.
๐๐ฌ๐๐๐ฅ๐๐ญ๐ข๐ง๐ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐ฏ๐จ๐ฅ๐ฏ๐๐ฆ๐๐ง๐ญ ๐ข๐ง ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ข๐ง๐ ๐จ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ:
Governments are growingly conceding the significance of sustainable agriculture and are providing reinforcement for technologies to encourage it. Incentives, subsidies, and grants are obtainable to farmers who acquire smart farming solutions. For instance, the Government of India instigated the National Mission for Sustainable Agriculture (NMSA), in which USD 131.56 million in funds were offered as of 2024.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Key manufacturers have carried numerous developments that have generated sufficient possibilities for the market's growth globally. These firms pursue deliberate enterprises such as mergers and acquisitions, partnerships, and collaborations to improve the commodity offerings and bifurcate into contemporary markets.
The key players in the self-sustaining smart farms market are as follows:
โข AGCO Corporation
โข Agrifac Machinery B.V.
โข AgriVijay
โข Autonomous Solutions, Inc.
โข Eden Green Technology
โข Freight Farms, Inc.
โข John Deere
โข KUBOTA Corporation
โข RootWave (Ubiqutek Ltd)
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ:
The self-sustaining smart farms market is segmented on the basis of component, farm type, end user, and region.
By component outlook, the hardware segment is anticipated to witness faster growth. This is due to the growing demand for progressive farming instruments and devices such as sensors, automated irrigation systems, drones, and robotics. These hardware parts are important for observing soil conditions, handling crops, and mechanizing several farming chores, all of which enhance farm productivity and sustainability.
By farm type outlook, the greenhouse-based smart farms segment ruled the market due to progressive technology to regulate ecological elements such as temperature, humidity, and light, sanctioning maximal conditions for crop evolution. They provide escalated productivity in water usage, pest control, and energy intake, rendering them excessively sustainable.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The self-sustaining smart farms market in North America is mainly driven by progressive agricultural technologies and concentration on renewability, which is pushing the acquisition of smart farming solutions. Nations such as the US and Canada are funding massively in automation, precision farming, and green energy solutions for agriculture.
Asia Pacific is witnessing considerable growth owing to nations such as China, India, and Japan growingly acquiring smart farming technologies to confront provocations such as food security, water dearth, and labor scarcity. The region's extensive agricultural base and surging demand for productive, green farming practices are powering the acquisition of automated systems, sensors, and renewable energy solutions.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐ ๐๐๐ฌ:
Which segment by farm type dominated the global ๐ฌ๐๐ฅ๐-๐ฌ๐ฎ๐ฌ๐ญ๐๐ข๐ง๐ข๐ง๐ ๐ฌ๐ฆ๐๐ซ๐ญ ๐๐๐ซ๐ฆ๐ฌ market share in 2024?
The greenhouse-based smart farms segment dominated the market share in 2024.
Which region held the largest self-sustaining smart farms market share in 2024?
North America held the largest share of the global market in 2024.
What is the regional scope of the market?
The market includes regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What are the factors driving the market?
The factors driving the market are labor shortage in agriculture and government support and incentives.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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