Asia-Pacific Smart Agriculture Market Size By Type(Hardware, Software, and Services), By Application(Precision Farming, Livestock Monitoring, Fish Farm Monitoring), By Country And Forecast

Asia Pacific Smart Agriculture Market Size And Forecast

Asia Pacific Smart Agriculture Market size was valued at USD 4100.09 Million in 2024 and is projected to reach USD 11275.82 Million by 2031, growing at a CAGR of 13.48% from 2024 to 2031.

The rising need for water conservation is one of the major factors likely to drive the demand for the smart agriculture market in this region over the forecast period. The Asia Pacific report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Smart Agriculture?

Smart farming focuses on the utilization of data acquired through several sources such as historical, geographical, and instrumental in the administration of farm activities. Smart systems are different from advanced systems due to their ability to record the data and make use of it. Smart farming employs hardware and software to capture the data and give actionable insights to maintain and handle all the operations on the farm, both pre and post-harvest. The captured data is organized, accessible all the time, and allows farmers to monitor field operations from anywhere in the world.

Asia Pacific Smart Agriculture Market Overview

Agriculture is essential to South Asia’s growth forecasts, as about 70% of the population lives in rural areas. Most of the rural population depend primarily on agriculture for their livelihoods. The agriculture sector is one of the biggest consumers of global freshwater resources. The rising need for water conservation is one of the major factors likely to drive the demand for the smart agriculture market in this region over the forecast period. However, the lack of awareness and high capital investment associated with smart agriculture is holding the Apac region back. Moreover, the increasing adoption of technologies such as the internet of things (IoT) and artificial intelligence (Ai) in agriculture is anticipated to provide lucrative opportunities for the smart agriculture market in this region.

Asia Pacific Smart Agriculture MarketSegmentation Analysis

The Asia Pacific Smart Agriculture Market is segmented on the basis of  Type, Application, and Country.

Asia Pacific Smart Agriculture Market by Type

• Hardware
• Software
• Services

To Get Summarized Market Report By Type-

Based on Type, the market is bifurcated into Hardware, Software, and Services. Hardware accounted for the largest market share in 2020. The hardware generally refers to various equipment and devices utilized to make agriculture more productive. It mainly includes Sensor & Control Systems, HVAC System, Valves & Pumps, LED Grow Lights, among others.

Asia Pacific Smart Agriculture Market by Application

• Precision Farming
• Livestock Monitoring
• Fish Farm Monitoring
• Smart Greenhouse
• Others

To Get Summarized Market Report By Application-

On the basis of Application, the Asia Pacific Smart Agriculture Market has been segmented into Precision Farming, Livestock Monitoring, Fish Farm Monitoring, Smart Greenhouse, and Others. Precision Farming accounted for the largest market share in 2020. Precision Farming is mainly defined as managing spatial and temporal variability to improve the economic benefit through the use of inputs and reduce environmental impact.

Asia Pacific Smart Agriculture Market by Country

• China
• Japan
• India
• Australia
• Rest of Asia-Pacific

To Get Summarized Market Report By Country-

On the basis of Country, the Asia Pacific Smart Agriculture Market is classified into China, Japan, India, Australia, and the Rest of Asia-Pacific. China is expected to hold the largest market share of Smart Agriculture over the forecast period followed by Japan.

Key Players

The “Asia Pacific Smart Agriculture Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as AGCO Corporation, Raven Industries and Hexagon, and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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