Smart agriculture is used to enhance agricultural productivity, address agricultural-based issues, such as food demand, and make farms more connected and intelligent. The market value of smart agriculture worldwide is forecasted to reach around 26.76 billion U.S. dollars by 2020.
Smart agriculture incorporates Internet of Things (IoT) technology and solutions in order to attain improved operational efficiency, maximized yield, and minimized wastage through the use of real-time field data collection, data analysis, and the deployment of control mechanisms. The share of agricultural retailers in the United States that offer yield monitor data analysis is expected to grow from 51 percent in 2015 to 58 percent in 2018. Smart agriculture employs a range of IoT-based applications such as precision farming, variable rate technology, smart irrigation, as well as smart greenhouses.
Other applications of IoT in smart agriculture include: Variable Rate Technology (VRT), agriculture drones, soil monitoring systems, and precision livestock farming. Telecom operators benefit a lot from smart agriculture as cellular connections account for by far the largest share of communications systems in smart agriculture worldwide. The main drivers of smart agriculture include: the realities of a changing climate, a need to conserve water, and its emphasis on the enhancement of efficiency through resource optimization and cost minimization.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
In the following 5 chapters, you will quickly find the 22 most important statistics relating to "Smart agriculture".