Asia-Pacific Smart Agriculture Market - Industry Analysis, Growth, Demand, Share, & Forecast To 2027

In Asia Pacific agriculture is an essential sector for the region’s growth. Here almost 70% of the rural population is primarily depended on agriculture for their livelihoods. Asia Pacific mainly produces rice and it is also known to be the staple food crop for most of the Asians. The region produces almost 90% of the world’s rice. Asia is also known for several plantations like, tea, rubber, palm oil, cotton, jute, coconuts, and sugarcane. The agriculture is known as the biggest consumer of global freshwater resources and due to the rising needs for water conservation, is one of the major factors that is driving the demand for introducing smart agriculture system in this sector. Smart agriculture includes the sensors and drones to detect the problems and provide solutions for those problems. As the name suggest smart agriculture, that uses technology to improve the growth of the crops and ensure to produce a better quality and quantity of agricultural products, without damaging the environment. The major producing countries in this are China, Japan, India, Australia and South Korea. Among these China is dominating the smart agriculture sector; the country is already leading in artificial intelligence and IoT (Internet of Things) industry. China is the biggest agricultural country in Asia, which owns rich agricultural resources and has a long history of farming and the tradition of intensive cultivation as well as a huge rural population. The demand for smart agriculture in other countries like India and Japan is gradually increasing, due to most of the rural areas getting involved with technology and are using it in an effective way.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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According to the report published by Actual Market Research titled as “Asia Pacific Smart Agriculture Market Outlook, 2027”. Asia Pacific is expected to grow with a CAGR of 13.76% by the end of the forecasted year 2027. There have been many recent developments in the smart agriculture sector, are widely encouraging the farmers to adopt the new farming techniques. However, even the governments of the Asian countries are developing few initiatives for reducing the prices of the devices and machineries used in smart agriculture. Various learning programs have been developed for farmers to get familiar with the technology and learn to use such devices in the fields. The smart agriculture market can witness a huge growth as the farmers and the government bodies take the courage to invest in it and improve the productivity of the agriculture sector. The smart agriculture is segmented into five types, namely precision agriculture; among these precision livestock monitoring is currently dominating the smart agriculture market in this region. The farming technique includes GPS, RFIDs and heath monitoring devices for animals. The health monitoring devices are used for tracking the animal’s health, monitoring how much the animal has ate in a day, for cattle how much they produce every single day and their reproduction period. The devices also save the data for further check-ups. The RFID tags and GPS are mainly for tracking the animals, if they are lost or they went to other fields. These devices consist of small chips inside them which help in detecting the animals from a certain distance. The Covid-19 effect on Asia-Pacific smart agriculture market: In Asia-Pacific region, people suffering from extreme poverty majorly live in rural areas and they are engaged in agricultural activities. In this situation, the impact of the Covid-19 pandemic on the smart agriculture sector has brought unpredicted challenges across the region. The pandemic has threatened the sustainable development goals such as Goal 1 (No poverty) and Goal 2 (Zero hunger). However, this impact has the potential to reverse the gains made in recent years. Smart agriculture mechanism is estimated to be a key player in supporting countries to respond to the crisis as well as to fuel the market growth.

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Kripa Shah

Senior Analyst

Major Companies present in the market: Raven Industries, Inc, Merck & Co., Inc, Deere & Company, AgJunction Inc., Trimble Inc., Topcon Positioning Systems, Inc., AGCO Corporation, AG Leader Technology, Afimilk Limited, InnovaSea Systems, Inc., Abaco Systems, Inc., GEA Group Aktiengesellschaft (GeaCowScout), Grownetics, Inc., Heliospectra AB, Nedap N.V. Inc, Gamaya SA, Ceres Imaging, Inc, AKVA group, CropX Technologies Considered in this report • Geography: Asia-pacific • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Asia-Pacific Smart Agriculture Market with its value and forecast along with its segments • Country wise smart agriculture market analysis • Application wise smart agriculture distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Regions covered in the report • China • Japan • India • Australia • South Korea Types of smart agriculture in the report: • Precision Agriculture • Aquaculture/Precision Fish Farming • Smart Greenhouse Market • Precision Livestock Monitoring Market • Precision Forestry Market By Offering Type in the report: • Hardware • Software • Services The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.