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Smart Farming Market in Europe to Reach $8.42 Billion by 2027 - Exclusive DeepTech M-A-P™ Analysis by BIS Research
According to this study, the smart farming market in Europe was valued at $3.99 billion in 2022 and is projected to reach $8.42 billion by 2027.
The following factors are responsible for the increase in demand for smart farming in the Europe region:
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According to
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Smart farming technologies enable the farmers to optimize and modify the number of agri-inputs and effectively manage the farm activities, resulting in high yield and low operational cost. The applications include precision farming, livestock monitoring and management, aquaculture, and others.
According to BIS Research's study, the livestock monitoring and management application is projected to witness the highest market growth in the European region. This trend is largely attributed to the advent of complete livestock monitoring and management solutions, such as health monitoring, feed management, and herd management, which have proved to be one of the most beneficial applications of smart farming technologies.
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
Global Smart Farming Market
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
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