Smart Farming: The Future of Agriculture Technology
The Growing Use of Smart Farming Worldwide
In the coming years, smart farming is projected to create a massive impact on the agricultural economy by bridging the gap between small and large-scale businesses. The trend is not only pertinent in developed countries — developing countries have also realized its immense importance as well.
In countries such as China and Japan, wide-scale deployments of smartphones and internet of things (IOT) systems have led to a rapid adoption of precision agriculture solutions. The governments of several countries have also realized the need for, and the advantages of these technologies, and thus, their initiatives to promote precision farming techniques are expected to drive the growth of the market further.
However, such revolutionary changes in farming practice not only come with opportunities but also certain challenges which prove to be a restraint in the growth of the market. The awareness and knowledge about newer agriculture technology are yet to spread extensively, especially in emerging countries.
Where Precision Farming Is Taking Off
Regionally, North America is at the forefront of the global smart agriculture market, with high market penetration in the U.S. However, Mexico is expected to have the highest market growth in the coming five years.
The Asia-Pacific region is projected to display the fastest market growth from 2017 to 2022. The region presents an immense scope for market development, owing to the increasing urban population size, growing market penetration of internet in farm management, and favorable government investments. Moreover, the presence of economically advancing countries such as India and China are expected to make the region a primary part of the growth of precision agriculture in the upcoming years.
Automated Farming Trends
A change in the global aging demographic has triggered the adoption of automation in farming practices. Automation and control systems manufacturers have witnessed a definite surge in their sales due to this profound change in the farming industry.
Over the past five years, agricultural robots have also been incorporated into farming operations as they treat soil and crops selectively as per their requirements and reduce the need for manual labor. UAV/drones generated the highest revenue amongst all agricultural robots utilized in smart farming. The majority of robot deployment was done for crop management.
Source: BIS Research
Advances in Crop Science and Technology Journal