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The Europe smart farming market is projected to reach $22.19 billion by 2034 from $3.98 billion in 2024, growing at a CAGR of 18.73% during the forecast period 2024-2034. Europe smart farming market is expected to increase significantly due to the growing use of cutting-edge technologies and a focus on environmentally friendly farming methods. The growing demand for food, the requirement for effective resource management, and the incorporation of IoT, AI, and robotics into farming operations are some of the main drivers of this expansion. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Traditional agricultural practices are being revolutionised by data-driven decision-making and precision farming approaches. Additionally, the region's dedication to increasing output while minimising environmental effect is demonstrated by the strong government initiatives and investments in smart agricultural technologies. This changing environment demonstrates Europe's commitment to agricultural innovation and sustainability.
Market Introduction
The demand for sustainable agricultural methods and the growing acceptance of cutting-edge technologies are driving the market for smart farming in Europe. In order to increase agricultural output and operational efficiency, smart farming makes use of robotics, artificial intelligence (AI), the Internet of Things (IoT), and data analytics. Farmers around Europe are adopting precision farming methods that allow for real-time monitoring, predictive analytics, and automated decision-making in response to the growing demand for food and the need to maximise resource management.Through a variety of laws, grants, and research projects targeted at lessening the environmental impact of farming operations, governments in the area are aggressively promoting the digital transformation of agriculture. The market's growth is also being accelerated by the rise in agritech firms and investments in agricultural innovation.
Crop monitoring, animal management, greenhouse automation, and farm management software are some of the main uses of smart farming in Europe. Improved yields and resource efficiency are the results of farmers using drones, sensors, and GPS technology to gather important information on crop conditions, weather patterns, and soil health.
The European smart farming market is anticipated to keep growing as long as sustainability and food security are given high priority. This will help create a more resilient and technologically advanced agricultural sector.
Market Segmentation:
Segmentation 1: by Application
- Precision Farming or Precision Agriculture
- Precision Irrigation
- Yield Monitoring and Crop Scouting or Forecasting
- Precision Planting
- Precision Spraying
- Precision Fertilization
- Farm Management
- Other
- Livestock Monitoring and Management
- Milk Harvesting
- Animal Health Monitoring and Comfort
- Feeding Management
- Livestock Tracking
- Other
- Aquaculture
- Feed Management
- Aquatic Species Tracking and Navigation
- Water Quality Management
- Other
- Others
Segmentation 2: by Product Type
- Hardware
- Displays/Yield Monitors
- Flow and Application Rate Control Valves
- Farm Computers, and Mobile Devices and Laptops
- Agricultural Sensors
- Guidance and Steering Systems
- Other
- Software
- Farm Operation Management
- Hardware Control Application
- Data and Predictive Analytics
Segmentation 3: by Country
- Germany
- U.K.
- France
- Italy
- Netherlands
- Spain
- Greece
- Switzerland
- Ukraine
- Belgium
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the Europe smart farming market, identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations to meet environmental standards, gain a competitive edge, and capitalize on the increasing demand for eco-friendly solutions in various industries.Growth/Marketing Strategy: This report offers a comprehensive growth and marketing strategy designed specifically for the Europe smart farming market. It presents a targeted approach to identifying specialized market segments, establishing a competitive advantage, and implementing creative marketing initiatives aimed at optimizing market share and financial performance. By harnessing these strategic recommendations, organizations can elevate their market presence, seize emerging prospects, and efficiently propel revenue expansion.
Competitive Strategy: This report crafts a strong competitive strategy tailored to the Europe smart farming market. It evaluates market rivals, suggests methods to stand out, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability.
Key Market Players and Competition Synopsis
The companies that are profiled in the smart farming market have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.Some of the prominent names in this market are:
- CNH Industrial N.V.
- Hexagon AB
- BASF
- Connecterra B.V.
- Signify Holding
- Nedap N.V.
- GEA Group Aktiengesellschaft
- AKVA group ASA
- AquaManager
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Table of Contents
Executive SummaryScope and Definition
1 Market: Industry Outlook
2 Regions
3 Markets - Competitive Benchmarking & Company Profiles
4 Research Methodology
List of Figures
List of Tables
Companies Mentioned
- CNH Industrial N.V.
- Hexagon AB
- BASF
- Connecterra B.V.
- Signify Holding
- Nedap N.V.
- GEA Group Aktiengesellschaft
- AKVA group ASA
- AquaManager
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 3.98 Billion |
| Forecasted Market Value ( USD | $ 22.19 Billion |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 9 |
