Smart Agriculture is a farming strategy that employs information technology to manage, analyse, and identify variability on a farm in order to boost crop yields while minimising human work. By accessing real-time data about weather, yields, and soil quality, smart agriculture helps farmers to determine the exact amount of nourishment crops require to improve productivity. Farmers can employ advanced automation techniques to reduce labour and material costs with smart agriculture systems. Sensors and monitoring equipment are used in smart farming systems to help farmers make better decisions about water management, soil management, inventory control, and harvesting schedules. Smart agricultural applications include irrigation control, water resource management, crop planting, and productivity monitoring. Users will be able to map and record agricultural output and humidity information in real-time using smart agriculture, allowing them to immediately analyse how the crop fared.
The North America smart agriculture market size is expected to reach a valuation of USD 15794 million by 2030, growing at a CAGR of 10.37 % during the forecast period (2022–2030). One of the most well-known inventions in modern farming is smart agriculture. Several factors are now driving the smart agriculture market in North America. The most important smart agricultural market is projected to be in North America. Over the projection period, increased government operations and regulations aimed at improving the region's agriculture business will stimulate regional demand in North America. Farmers in the region are increasingly relying on smartphones and other intelligent mediums to stay informed about the newest developments in the agriculture sector due to the region's urbanisation.
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The North America smart agriculture market share has been divided into three categories: agricultural type, offering, and geography.
Precision farming, smart greenhouses, animal monitoring, and other agriculture types have been divided into the smart agriculture market. Precision farming is predicted to be the most popular method of farming in the world. It is expected to grow at a CAGR of 9.75% between now and 2030, reaching USD 15,661 million. Precision farming's growth can be attributed to the rising emphasis on on-farm efficiency and production. Precision farming equipment has the potential to revolutionise agriculture, making traditional farming processes more efficient and dependable.
Based on product offerings, the smart agriculture industry has been divided into three categories: hardware, software, and services. The hardware offering sector is likely to dominate the North American market, with a forecasted value of USD 22,211 million by 2030, representing a 9.45% CAGR over the forecast period.
Due to the rising digitization of raw material production and product manufacturing in the dairy industry, the milking robots’ market is expected to increase. Automation technology has improved both milk quality and animal welfare. The dairy and food processing industries are expected to benefit from the increased desire to reduce labour costs and increase efficiency. Animal welfare, better herd management, cow health, and increasing milk frequency are driving demand for milking robots.
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The North America smart agriculture market is estimated to reach USD 15794 million by 2030, increasing at a CAGR of 10.37% over the forecast period (2022–2030). Smart agriculture is one of the most well-known inventions in modern agriculture. The smart agriculture business in North America is now being driven by a number of reasons. North America is expected to be the most important smart agricultural market. Increased government activities and regulations focused at enhancing the region's agriculture business will stimulate regional demand in North America over the forecast period.
Agrarian organisations have founded the North America Climate Smart Agriculture Alliance (NACSAA), a platform for training and equipping growers for long-term agricultural productivity. In response to increased concerns about water conservation, governments in North America are aggressively providing incentives to expand the use of smart irrigation. Smart controllers, for example, have been reimbursed by the state of California, USA.
The agriculture and agri-food sector in Canada play a critical role in producing the food that nourishes Canadians and is exported to other countries. In 2019, the agriculture and agri-food system (which includes food retail and food service) employed over two million people, accounting for one out of every eight jobs. It also accounts for $143 billion (7.2%) of Canada's GDP, $66 billion in exports, and about $15 billion in trade surpluses. The Government of Canada will engage with farmers, ranchers, and agri-food enterprises to help them transition to a low-carbon economy, including through encouraging the use of cleaner practises and technologies, as well as carbon-sink practises. CENGN assists emerging Canadian enterprises in overcoming commercialization barriers and connecting their information and communications technology (ICT) breakthroughs with the country's thriving and powerful agricultural sector. CENGN supports the increase of farming revenue, efficiency, and environmental friendliness by leveraging transformational technology from Canada's small and medium enterprises.
Mexico has identified 127 smart agricultural businesses as of 2020. (Considering different stages, from enterprises in the demo or beta stage to businesses in the expansion stage). The Mexican Space Agency (AEM), a decentralised arm of SCT, and the Universidad Autónoma del Estado de México (UAEMEX) have agreed to work together on a pilot study that will use satellite technology to boost agricultural productivity through precision agriculture.
Some of the major players in the North American Region (having significant market shares) are listed below: