North America Smart Agriculture Market Forecast 2022-2030

North America Smart Agriculture Market Forecast 2022-2030KEY FINDINGS

The North America smart agriculture market growth is projected to progress at a CAGR of 9.13% during the forecast period, 2022-2030. The increasing output of hybrid crops and technological advancements in crop production offer market expansion opportunities. Also, the supplementary trends with regard to IoT systems and equipment implementation contribute to market growth.

MARKET INSIGHTS

Canada and the United States are assessed for the North America smart agriculture market growth analysis. In Canada, the agri-food and agriculture sectors majorly contribute to the economy. Also, the nation has 189,874 farms covering 6.3% of its land area. The federal, provincial, and territorial (FPT) governments initiated the Canadian Agricultural Partnership to strengthen the agriculture and agri-food sectors. In addition, the Canadian government announced an investment of more than $860,000 in six businesses in May 2022 under the Innovative Solutions Canada (ISC) program.

Moreover, according to the Ontario Soil and Crop Improvement Association data, in February 2022, the government invested $182.7 million in partner organizations to supplement farmers in regulating and minimizing emissions and climate impact from agricultural activities. Such government programs and initiatives to develop agriculture propel the demand for smart agriculture in Canada.

COMPETITIVE INSIGHTS

Some of the prominent players operating in the market include Deere & Company, InnovaSea Systems Inc, InnovaSea Systems Inc, DeLaval, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments