Artificial Intelligence
Global Smart Agriculture Market Size To Worth USD 48.76 Billion By 2032 | CAGR of 9.7%
New York, United States , June 12, 2023 (GLOBE NEWSWIRE) — The Global Smart Agriculture Market Size is To Grow from USD 19.32 Billion in 2022 to USD 48.76 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period.
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Smart agriculture, or precision agriculture, is the integration of modern technologies into farming practices to improve efficiency and sustainability. By utilizing sensors, data analytics, and automation, farmers can monitor and optimize various aspects of agriculture, such as irrigation, fertilization, pest control, and crop management. Internet of Things (IoT) devices and remote sensing technologies provide real-time data on soil moisture, weather conditions, crop health, and livestock monitoring. This data-driven approach enables farmers to make informed decisions, minimize waste, reduce environmental impact, and increase yields. Smart agriculture has the potential to transform the farming industry, addressing global challenges like climate change and food security.
Report Coverage
This research report categorizes the market for smart agriculture market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the smart agriculture market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the smart agriculture market.
Browse key industry insights spread across 200 pages with 100 market data tables and figures & charts from the report on “Global Smart Agriculture Market Size, Share, and COVID-19 Impact Analysis, By Agriculture Type (Precision Farming, Livestock Monitoring, Smart Greenhouse, and Others), By Offering (Hardware, Software, and Services), By Application (Precision Farming Application, Livestock Monitoring Application, Smart Greenhouse Application, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.” Get Detailed Report Description Here:
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The software segment is expected to grow at a CAGR of around 11.5% during the forecast period.
Based on offering type, the global smart agriculture market is segmented into hardware, software, and services. The software segment is projected to experience significant growth in the forecast period within the smart agriculture industry. This growth can be attributed to several factors. There is an increasing demand for advanced software solutions that enable farmers to analyze and interpret the vast amount of data collected from various smart agriculture technologies. These software platforms provide valuable insights, actionable recommendations, and data visualization, empowering farmers to make informed decisions for optimizing farm operations. Secondly, the integration of artificial intelligence (AI) and machine learning (ML) algorithms into smart agriculture software further enhances its capabilities in predictive analytics, crop modeling, and risk assessment.
The smart greenhouse segment is expected to grow at a CAGR of 13.4% during the forecast period.
Based on agriculture type, the global smart agriculture market is segmented into precision farming, livestock monitoring, smart greenhouse, and others. The smart greenhouse segment is anticipated to witness substantial growth in the forecast period within the smart agriculture market. This growth can be attributed to several factors. The smart greenhouse technologies offer precise control over environmental factors such as temperature, humidity, and lighting, creating optimal growing conditions for plants. This leads to increased crop yield, quality, and year-round production, which is particularly advantageous in regions with adverse climates. The rising demand for locally grown, pesticide-free produce and the need for sustainable agricultural practices drive the adoption of smart greenhouse solutions. Additionally, advancements in automation, IoT integration, and data analytics further enhance the efficiency and productivity of smart greenhouses, making them a promising solution for future agriculture.
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Asia-Pacific is predicted To Grow at a highest CAGR of around 15.6% over the projected period
Based on region, Asia-Pacific is poised to experience fastest growth in the forecast period within the smart agriculture market. Several factors contribute to this anticipated growth. The region has a large and growing population, leading to increased food demand and the need for enhanced agricultural productivity. There is an increasing awareness of the benefits of smart agriculture technologies, coupled with government initiatives promoting digital transformation in the agricultural sector. Additionally, the presence of a large number of small-scale farmers in the region provides immense potential for the adoption of cost-effective smart agriculture solutions. Moreover, advancements in Internet of Things (IoT) infrastructure and connectivity, coupled with the availability of affordable smart devices, further support the growth of the smart agriculture market in Asia-Pacific.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global smart agriculture market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics LLC, CLAAS KGaA GmbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc., Farmers Edge Inc., Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., and Topcon Positioning Systems.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global smart agriculture market based on the below-mentioned segments:
Smart Agriculture Market, By Agriculture Type
- Precision Farming
- Livestock Monitoring
- Smart Greenhouse
- Others
Smart Agriculture Market, By Offering
- Hardware
- Software
- Services
Smart Agriculture Market, By Application
- Precision Farming Application
- Livestock Monitoring Application
- Smart Greenhouse Application
- Others
Smart Agriculture Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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