Asia Pacific's intelligent agriculture market was valued at USD 4.07 billion in 2023 and is anticipated to reach USD 4.66 billion in 2024 from USD 13.80 billion by 2032, growing at a CAGR of 14.53% from 2024 to 2032.
Intelligent Agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for raising crop productivity. It includes the use of modern technologies of farming which help in improving the quality of food and growing the yield of farms.
Smart agriculture tools are most extensively used in precision farming since they play a vital role in improving farm efficiency and help growers maximize their yields of crops. Yield monitoring is a major application of precision farming used to identify field variability information, which includes soil properties, weather conditions, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps identify different soil parameters in order to maintain the nutrient level of the soil.
The driving factors of the Asia Pacific Intelligent Agriculture market are the increasing application of technologies in agriculture, the rising need to monitor livestock performance and health, the government’s support to adopt modern agricultural techniques, and the increasing demand for food worldwide. The major constraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.
This research report on the Asia Pacific Intelligent Agriculture Market is segmented and sub-segmented into the following categories.
The Asia Pacific Intelligent Agriculture market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific has the second-largest market for intelligent agriculture in the world by share. It is also the fastest-growing region in the world. Factors such as the increasing application of technologies in agriculture and the growing support of the government are expected to drive market growth in the region.
Some of the major players in the market are Asia Pacific GNSS Agency (GSA) (Czech Republic), Precision Ag Institute (U.S.), International Society for Precision Agriculture (ISPA) (U.S.), SPAA Precision Agriculture (Australia), CropLife (CropLife Media Group) (U.S.), Precision Agriculture Association (New Zealand), and Agricultural Research Organization (Israel).
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