Global Agritech Market 2022-2027

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    GLOBAL AGRITECH MARKET

     

    INTRODUCTION

     

    It’s indeed accurate in measuring, evaluating, and controlling agricultural choices. Agriculture solutions are available in a variety of media, including satellite imaging, sensing, agricultural machinery, and software applications.

     

    UAVs have arisen in recent decades, ranging from images to computationally intensive of thickness, roughness, including soil characteristics monitoring, as well as crop reconnaissance. This could monitor yields as well as individual crops to detect crop threats sooner.

     

    This enables farmers to apply precise insecticides and eliminate pests at a preliminary phase. Then it also helps to prevent the use of needless pesticides on produce which are not being assaulted by predators.

     

    Pesticide and fertiliser use must be monitored and optimised using agricultural technologies. Soil analysis is the most important factor in crop productivity.

     

    infographic: Agritech Market, Agritech Market Size, Agritech Market Trends, Agritech Market Forecast, Agritech Market Risks, Agritech Market Report, Agritech Market Share

     

    Furthermore, marketing expectations must be addressed in relation to seasonality and geography. The expansion of agricultural economic analytics is critical to preserving agricultural production and profitability.

     

    Ongoing advancements in digital instruments, as well as collaboration among producers and academics in commercial and public spheres, promote new agricultural technology. Traditional farming practises and projections are being superseded by contemporary agricultural technology and crop-needs monitoring.

     

    Agricultural technologies deal with the day-to-day administration and performance of an agricultural, property, cooperation, or other farm-based generating institution. Improved agronomic courses help students comprehend and describe farm ecosystems and farm-related challenges.

     

    GLOBAL AGRITECH MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Agritech companies seek Govt impetus in budget to power agriculture sector forward Agritech start-ups help in increasing productivity and have contributed immensely to improving the condition of farmersNotably, the interest of investors in the Agritech sector has increased significantly over the years. Global Scale This would enhance better Technologies and production

     

    GLOBAL AGRITECH MARKET DYNAMICS

    When leveraged to its full capacity, an Agritech infrastructure may assist farmers in gaining significant profits for agriculture. The need for Agritech platforms is growing because they assist farmers in resolving natural crop problems by gathering intra as well as inter-field data.

     

    Agritech platforms give inputs on the amount of irrigation water, liquid fertilisers, herbicides, and nutrients needed, decreasing resource waste. With the biggest concentration of technological inventors and market disruptors in this area.

     

    The acceptance of Agritech technologies is strongest in the United States. Several businesses in this neighborhood are concentrating on improving topsoil as well as germination percentage as well as measuring production through the use of Automobility’ and linked networking.

     

    Asia Pacific is expected to expand at the quickest rate due to the possibility ofEconomic  loss  due  to  the  lack  of  information  on  crop  yield productivity is  another major concern in the country. These hurdles can be overcome  by  the  implementation  of  advanced  technology  in  agriculture.

     

    Some of  the trends observed are  smart farming, digital agriculture and  Big Data  Analytics  which  provide  useful  information  regarding  various  crop yields influencing factors and predicting the accurate amounts of crop yield.

     

    The continuous contribution of tech-giants to technical developments has caused a commotion in the region’s competitive market. Because of their considerable purchasing power, the people in this region are more oriented toward technical advancements.

     

    Organizations in this region are constantly improving their entire company’s operations in order to fulfil the strong market for high goods and services from its customers.

     

    The deployment of an Agritech infrastructure is primarily motivated by the desire to increase organizational productivity using automation technology and boost production while lowering agricultural costs. Farmers are also utilising the Agritech platform to increase crop productivity and operating margins.

     

    GLOBAL AGRITECH MARKET SEGMENTATION

    The Global Agritech Market can be segmented into following categories for further analysis.

    By Product Technology type

    • Direct Product Based Application
    • Motor Vehicle Based Application
    • Digitised Application
    • Solvent / Water Based Application

     

    By Vehicular Usage Type

    • Drone Based Vehicle
    • Light Commercial Based Vehicles
    • Agricultural tractor Based
    • Heavy Commercial Vehicles Based

     

    By Flow Chain Integration Type

    • Production Stage Application
    • Supply Chain and Transportation
    • Yielding and Surveillance

     

    By Integration Visibility Area

    • Physical Technology
    • Artificial intelligence Technology
    • Nano Based Technologies
    • Detection Based Technologies
    • Geological Assessment based Technologies

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    GLOBAL AGRITECH MARKET RECENT PRODUCT LAUNCH

     

    Leading AgriTech firm Aiponics recently announced the release of Hrvst, a virtual farmers’ market that will make it easier for customers and restaurants to purchase local produce. The platform was recently established in Zambia and now has 79 restaurant partners throughout Lusaka, hundreds of early-access users, and is supported by over 20 farmers of all sizes.

     

    The Hrvst platform makes it simpler and more inexpensive for buyers and sellers by enabling farmers to market their goods and sell directly to consumers and restaurants. The platform already offers a strong selection of features designed to help and empower each end-user to harness the platform’s potential. 

     

    Performance statistics, order administration, fleet management, and an integrated point-of-sale functionality are all included in the vendor app. These features enable cashless transactions using mobile money and credit card payments.

     

    The Driver App: View allocated orders, optimise routes, and confirm deliveries The Customer app allows users to book future orders, order fresh food from an incredible selection of local vendors for delivery or pick-up at predetermined locations, and learn about the health advantages of the foods mentioned.

     

    In order to increase delivery capacity for small-scale farmers who could struggle with fulfilment, the Aiponics team wants to integrate third-party delivery services into the existing robust collection of functions on Hrvst.

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL AGRITECH MARKET

    Agribusiness implementations are diverse and include a variety of agricultural and technology breakthroughs. The goal of all of these Agritech innovations, meanwhile, will be the same: to produce more food in less land and/or with fewer inputs.

     

    Agritech also saving producers time by automating chores and substituting most of the labour required on a farming operation – which is often the most expensive contribution to something like a conventional farming.

     

    Another prominent type of insect breeding is black soldier fly cultivation, albeit its uses differ drastically. Black soldier fly larvae are amazing detritivores, which means they can eat nothing except for biological garbage.

     

    They do not really generate any trash throughout the procedure and are utilised as feeding livestock. Farmers may effectively convert organic waste into animal feed by utilising these creatures to establish a closed – loop system cycle. In addition, GPS agricultural, often known as satellites agriculture, and the use of GPS technology to improve agricultural performance.

     

    GPS technology is being utilised in a variety of methods in Agritech to increase yields while reducing expenditures. GPS agricultural allows for the real-time charting of fields and farms, providing farmers with valuable information into the subtleties of their property.

     

    Agricultural production from the above too has provided a great deal of value to producers all around the globe in a brief span of time. UAVs as well as other unmanned aerial vehicles (UAVs) have sprung into in the business, with a myriad of Agritech programs to help producers preserve money.

     

    COMPETITIVE LANDSCAPE

    Automation and business intelligence are becoming increasingly prevalent. Producers may use AI to assess temperature, temperatures, resource consumption, ground conditions, as well as other variables. Precision agriculture use artificial intelligence to identify parasites affecting vegetation and to learn about plant nutrition.

     

    AI aids in the development of periodic forecasting methods, which enhance agricultural accuracy and production. The  nutrition administration is likely to lead the precision aquaculture market.

     

    The rising implementation of computerized aqua farm measurement techniques such as IoT-based monitoring equipment, submerged ROVs, including smart security cameras, as well as the expanding emphasis of aquarium producers, are elements contributing to the increase of surveillance, controlling, and supervision.

     

    CropX is growing towards better mobilisation and adaptability of the agricultural produce to varied levels of changes and climatic conditions. The CropX application calculates how much to water the field by offering an irrigation prescription that adapts to fluctuating playing conditions.

     

    We might anticipate moisture trends, detect malfunctioning irrigation systems and broken pipes, and enhance judgement by incorporating large amounts of data form past situations. Through comparing crop production to crop models, we may forecast crop demands and predicted growth, find deviations, and discover full – scale field volatility and crop development non-uniformity.

     

    It makes crop-specific suggestions and sends notifications regarding fields portions that require care due to pest or disease risk. These include crop simulations, satellite surveillance, and weather forecasting data, in addition to the soil parameters they examine to optimise.

     

    Gamaya is growing and optimising its validity towards various crop production and yield monitoring issues in the global market. Gamaya develops bespoke digitized agriculture research solutions to the customers and collaborators by combining technologies ranging from remotely sensed to computer vision and agro – forestry.

     

    It is creating RGB and multi-spectral imaging techniques and offers a portfolio of imagination solutions to customers and colleagues across numerous crops and geographies. The goal is that combining quadcopter & satellites photos will provide the required knowledge for optimum crop evaluation and controlling.

     

    This technique functions upon that basis of a combination of hyperspectral Landsat images and drone-based photography information, which gives the advantages of both spacecraft and drones, adaptability, and resolving power, which is necessary to evaluate various crop attributes.

     

    COMPANIES PROFILED

    Sl no  Topic 
    Market Segmentation 
    Scope of the report 
    Abbreviations 
    Research Methodology 
    Executive Summary 
    Introduction 
    Insights from Industry stakeholders 
    Cost breakdown of Product by sub-components and average profit margin 
    Disruptive innovation in the Industry 
    10  Technology trends in the Industry 
    11  Consumer trends in the industry 
    12  Recent Production Milestones 
    13  Component Manufacturing in US, EU and China 
    14  COVID-19 impact on overall market 
    15  COVID-19 impact on Production of components 
    16  COVID-19 impact on Point of sale 
    17  Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 
    18  Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 
    19  Market Segmentation, Dynamics and Forecast by Application, 2022-2027 
    20  Market Segmentation, Dynamics and Forecast by End use, 2022-2027 
    21  Product installation rate by OEM, 2022 
    22  Incline/Decline in Average B-2-B selling price in past 5 years 
    23  Competition from substitute products 
    24  Gross margin and average profitability of suppliers 
    25  New product development in past 12 months 
    26  M&A in past 12 months 
    27  Growth strategy of leading players 
    28  Market share of vendors, 2022 
    29  Company Profiles 
    30  Unmet needs and opportunity for new suppliers 
    31  Conclusion 
    32  Appendix 

     

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