Market Challenges And Opportunities

Lack of proper knowledge, insufficient internet connectivity, and lack of appropriate IT infrastructure to support these technologies will continue to hamper the industry growth

China, India, Russia, Indonesia, Thailand, and Brazil are among the major global agricultural production economies. These are emerging regions wherein the rural area produce accounts for the major proportion of the country produce. Lack of appropriate knowledge of the advanced farming processes, low consumer motivation, high operational complexities, and lack of affordable internet connectivity are major challenges hindering the overall market growth. Moreover, high initial cost associated with advanced farming is expected to be one of the major factor restraining growth of the global advanced farming market during the forecast period.

Proliferating incorporation of advanced sensors and precision software and hardware technologies will present strong consumer inclination for increased agricultural produce

Agricultural drones for monitoring field conditions by AgEagle; advanced analytics for agronomic analysis by Aglytix; multi-sensor Vector Probe by probe AquaSpy, Virtual Optimizer (VO) water management tool that monitors soil moisture and provides virtual agronomist services by CropMetric; and API connectivity between fleet of green and yellow earth movers by John Deere are few of the major advancements in the advanced farming market. Moreover, many other major developments to enhance agricultural produce are taking place on daily basis, is expected to garner significant growth opportunities over the forecast period.

The U.S. is expected to hold dominant position in the global advanced farming market adoption rates over the forecast period