Powered Agriculture Market Size, Trends, Revenue Share Analysis, Forecast, 2030

1. Powered Agriculture Market Size Worth USD 82.54 Billion in 2030 www.emergenresearch.com Increasing need for cost-effective farming and rising demand for better quality and advanced farming equipment and products are key factors driving market revenue growth

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5. Market Summary The global Powered Agriculture Marketsize reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Increasing need for cost-effective farming and demand for better quality farming products and equipment are some key factors expected to support market revenue growth between 2022 and 2030. In addition, increasing need to conduct real-time analysis of data will boost revenue growth of the market. GIS software for agriculture allows farmers to access geospatial data, aerial imagery, and online map data remotely. Unplanned cultivation and poor soil quality are major issues in agriculture that make the process more costly and time consuming. Thus, powered agriculture with GIS software can provide a cost-effective and time-efficient solution to the problem. However, lack of technical expertise is expected to hamper market revenue growth to some extent during the forecast period. Sensors, robots, and drones used in the implementation of Internet of Things (IoT) solutions in powered agriculture processes are expensive and require high maintenance. This requires technically trained personnel. Encouragement to deploy Artificial Intelligence (AI), Internet of Things (IoT) solutions, and Machine Learning (ML) among others,  and awareness among farmers are expected to support market growth going ahead. Read More : https://www.emergenresearch.com/industry-report/powered-agriculture-market www.emergenresearch.com

6. Market Summary Some Key Highlights from the Report Software segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing need for tracking, managing, and maximizing crop yield and revenues while preserving resources. Remote sensing segment is expected to register a significantly robust revenue growth rate over the forecast period owing to increasing need for detection of crop pests and diseases, thereby limiting adverse environmental impact. Asia Pacific market is expected to account for largest revenue share due to increasing government incentives and subsidies promoting adoption of powered agriculture processes in countries in the region. In India for instance, the RashtriyaKrishiVikasYojana – Remunerative Approaches for Agriculture and Allied Sectors Rejuvenation (RKVY-RAFTAAR), is a government scheme that supports farmers to purchase powered agricultural equipment, including tractors at subsidized rates. Major companies in the market report include John Deere & Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki & Co., Ltd., SDF S.P.A., Alamo Group, Inc., and Zetor UK Ltd. Request Free Sample @ https://www.emergenresearch.com/request-sample/928 www.emergenresearch.com

7. Market Summary Emergen Research has segmented global powered agriculture market on the basis of component, technology, equipment, application, and region: Component Outlook (Revenue, USD Billion; 2019–2030) Hardware Software Services Technology Outlook (Revenue, USD Billion; 2019–2030) Guidance Technology Remote Sensing Variable Rate Equipment Outlook (Revenue, USD Billion; 2019–2030) Agricultural Unmanned Aerial Vehicles Tractors (Driverless, Electric) Combine Harvesters Planters Sprayers Request customization @ https://www.emergenresearch.com/request-for-customization/928

8. MARKETSEGMENTATION www.emergenresearch.com

9. Regional Share Dynamics www.emergenresearch.com

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