Europe Intelligent Agriculture Market was worth USD 1.51 billion in 2021 and estimated to be growing at a CAGR of 13.42%, to reach USD 2.71 billion by 2026.
Intelligent Agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for raising crop productivity. It includes the use of modern technologies of farming which help in improving the quality of food and growing the yield of farms.
Smart agriculture tools are most extensively used in precision farming since they play a vital role in improving farm efficiency and help growers in maximizing their yields of crops. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes soil properties, weather conditions, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps in identifying different soil parameters in order to maintain the nutrient level of the soil.
Europe Intelligent Agriculture Market Drivers:
The driving factors of the Europe Intelligent Agriculture market are increasing the application of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide. The major constraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.
Europe Intelligent Agriculture Market – By Application:
livestock monitoring applications
Europe Intelligent Agriculture Market – By Offering:
Europe Intelligent Agriculture Geographical Analysis:
The Europe Intelligent Agriculture market is divided based on geography into the
Europe has the third-largest market for intelligent agriculture in the world by share. In the Europe region, Germany is expected to have the largest share. Factors such as increasing the application of technologies in agriculture and growing support of government is expected to drive the market growth in the region.
Key Players:
Some of the major players in the market are European GNSS Agency (GSA) (Czech Republic), Precision Ag Institute (U.S.), International Society for Precision Agriculture (ISPA) (U.S.), SPAA Precision Agriculture (Australia), CropLife (CropLife Media Group) (U.S.), Precision Agriculture Association (New Zealand), and Agricultural Research Organization (Israel).
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