Digitalization and the use of technology has become the norm in every segment of production, and the agricultural sector is no exception. With the world population forecast to reach nearly 10 billion by 2050, the use of digital and connected systems to boost agricultural productivity may become fundamental to guarantee a sufficient food supply. In Latin American countries – where the agricultural sector can represent up to 20 percent of the value added to the GDP – investments in smart agriculture are becoming ever more present.
One of the main segments of smart farming enterprises in Latin America is the precision agriculture market. This approach to crop production makes use of specialized equipment, such as satellites and drones, as well as sensor data in order to monitor the field conditions in real time and guide the decision making process, resulting in an increase of productivity combined with a more sustainable use of resources. In Latin America, the precision agriculture market was forecast to surpass one billion U.S. dollars by 2021, with Argentina reporting the largest growth rate in the region in upcoming years.
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In the following 5 chapters, you will quickly find the 24 most important statistics relating to "Smart agriculture in Latin America".