U S Smart Agriculture Market by Component (Solution, Service and Connectivity Technology) and Type (Precision Farming, Livestock, Aquaculture and Greenhouse): U.S. Opportunity Analysis and Industry Forecast, 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider U.S. Smart Agriculture market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, U.S. Smart Agriculture market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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The U.S. smart agriculture market size was valued at $2,512.9 million in 2019, and is projected to reach $4,386.8 million by 2027, registering a CAGR of 9.6% from 2020 to 2027.
Smart agriculture is anticipated to play a significant role in increasing the current agricultural productivity to cater to the growing demand for food. It has evolved from manual to a technology-based occupation in every aspect. The agriculture industry is open to technical driven innovation and adoption of Internet of Things (IoT) for further development of the sector by using information from weather stations, sensors, and other machinery. Moreover, smart agriculture can be defined as an innovative way of performing agricultural activities by using modern technologies such as big data, cloud data based services, livestock biometrics, agricultural robots, GPS, and Internet of things. These technologies are accepted in the agricultural sector as they help reduce human efforts, maximize utilization of the available resources, maximizing profitability, sustainability, quality, and productivity. There are different types smart agriculture which are practiced includes precision farming, livestock monitoring, fish farming and smart greenhouse. Precision agriculture is one of the key components of modern agriculture, which includes sensing devices, camera, and actuators connectivity modules, micro-controllers, and automation systems that control and monitor the progress of agricultural activities.
Reduction of agricultural land due to increase in urbanization is projected to drive the growth of the U.S. smart agriculture market. In addition, changes in earth’s climate due to human activity has led to changes in average temperature, rainfall, and heat. This affects the crop production resulting in adoption of smart technologies for agriculture which has propelled the growth of U.S. smart agriculture market. Rise in the population in U.S. is expected to increase the food demand and therefore, the farmers in U.S. will need to increase the crop production by using advanced technologies. This is estimated to boost the growth of U.S. smart agriculture in the upcoming years. Furthermore, due to various initiatives taken by U.S. governments to support farmers, increase productivity as well as quality and adoption of advanced agricultural methods are anticipated to fuel the growth of the U.S. smart agriculture market in the future. However, the agriculture industry consists of various small players that offer solution for various stages of agriculture value chain. Also, the industry does not have a major player that provides solution for the complete agriculture value chain. Thus, farmers find it difficult to achieve economic scalability by deployment of solution and services that are offered by smaller players which results in hampering the growth of the market.
The U.S. smart agriculture market is segmented based on component and smart agriculture type. Based on component it is classified into solution, service and connectivity technology. By smart agriculture type, the market is divided into precision farming, livestock, aquaculture and greenhouse.
KEY BENEFITS FOR STAKEHOLDERS
– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing U.S. smart agriculture market opportunities.
– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the U.S. smart agriculture market segmentation assists to determine the prevailing opportunities.
– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market.
– The report includes the analysis of the U.S. smart agriculture market trends, market segments, application areas, and market growth strategies.
Key Segments Studied in the U.S. Smart Agriculture Market
|U.S. Smart Agriculture Market
By Component (Solution, Service and Connectivity Technology)
By Type (Precision Farming, Livestock, Aquaculture and Greenhouse): U.S. Opportunity Analysis and Industry Forecast, 2020-2027
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|covid-19 scenario||Market Behavior/ Level of Risk and Opportunity||End Industry Behavior/ Opportunity Assessment||Expected Industry Recovery Timeline||Business Impact Horizon|
|Opening of Economy by Q3 2020||xx||xx||xx||xx|
|Recovery – Opening of Economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx|
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in U.S. Smart Agriculture Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of U.S. Smart Agriculture market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with U.S. Smart Agriculture Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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