Globally, increasing population, environmental degradation, global warming, and a vast decline in arable land have contributed to food insecurity. Unpredictable weather trends or changing climate conditions on a global scale have resulted in extreme natural disasters, making things more complex. As a result, farmers are moving towards highly advanced agricultural techniques such as precision farming to alleviate food shortages and feed the population. This has resulted in a strong demand for advanced agricultural tools and techniques based on ICT, including the use of unmanned aerial vehicles (UAV) or drone technology, to meet the growing demands and sustainable optimization of farm yields by preventing environmental damages.
Further, Food and Agriculture Organization (FAO) has projected that the global population will reach 9.1 billion by the year 2050, and to feed this population, food production should be increased by at least 70%. Traditional farming techniques and decreasing farm labor availability are making agriculture economically unviable and inefficient. As a result, modernization and automation have become a positive trend in agriculture, as it is the only way to feed the teeming population.
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Key Highlights
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods