China Smart Agriculture Market Research Report, 2027

The domestication of animals and plants a few thousand years ago, the systematic use of crop rotations and other advancements in farming methods a few hundred years ago, or the "green revolution" with systematic breeding and the widespread use of man-made fertilisers and pesticides a few decades ago, are just a few of the revolutions that have occurred in agriculture. Humans contend that the use of information and communication technology (ICT) in agriculture, which is growing exponentially, has sparked the fourth revolution in agriculture. The ecological impact of farming is decreasing with intelligent farming. Leaching issues and greenhouse gas emissions will be reduced by precision agricultural systems' minimal or site-specific use of inputs like fertilisers and pesticides. With the help of modern ICT, a sensor network that allows for nearly constant farm monitoring may be built. The global availability of contemporary ICT also makes theoretical and practical frameworks to link the conditions of plants, animals, and soils with the need for production inputs like water, fertilizer, and pharmaceuticals possible. According to Actual Market Research’s report titled "China Smart Agriculture Market Research Report, 2027," the smart agriculture market in China is expected to grow with a nearly CAGR of 15% from the year 2022 to 2027. The development of smart agriculture is important for future food security. Precision agriculture, aquaculture, smart green houses, precision livestock, and forestry are the different ways to develop smart agriculture for different purposes. Technologies for precision agriculture (PA) may provide a solution to problems with food security and the environment. Despite the scientifically established advantages of PA technology for Chinese agriculture, adoption in China lags behind that in several other industrialised agricultural countries. China has one of the largest markets in the world at nearly 2.5 billion USD. Smart agriculture is becoming more profitable for farmers than conventional methods. Farmers will save money and effort by using fewer resources, and risks will be decreased by using more reliable spatially explicit data. Crops may be grown in the best possible conditions with the use of precise, site-specific weather predictions, yield projections, and likelihood maps for illnesses and calamities. For the whole value chain, from technology and input providers to farmers, processors, and the retail sector in both developed and developing nations, site-specific information also allows new insurance and commercial prospects. The time required for prioritising the application of resources and for administrative surveillance is reduced if all farming-related data is captured by automated sensors. As a result of the development of smart agriculture, data has become the primary means of production and the foundation for the expansion of new finance in rural China. Agriculture monitoring and management has improved as sophisticated technology and precise agricultural equipment have become more common. China is one of the biggest markets for smart agriculture. Smart agriculture can be successfully executed by using hardware with suitable software and services. IOT-enabled smart agriculture creates agribusiness and has the potential to meet the global need for food. Agribusiness will become more productive when IoT is used. The potential for implementing new technology is growing in agribusiness as farmers become increasingly aware of IOT. The Internet of Things is extremely effective, accessible, persistent, and open in nature. Farmers may employ sensors to keep an eye on their soil, crops, and agricultural yield. This will promote intelligent agriculture. The market size of the hardware which is used in smart agriculture is nearly USD 1700 million, and it will rise over a period of time. Chinese aquaculture, which supplies food for China and the rest of the globe and lessens the enormous demand for marine capture fisheries, places a strain on marine wild fisheries resources. China's aquaculture with smart agriculture is rising at a nearly 15% CAGR in the Chinese agriculture market. COVID-19 impacts: The spread of COVID-19 caused a downturn in the smart agricultural sector in 2020. Because several of the major participants in the industry are situated in China, the epidemic had a negative effect on the market's supply chain. In the first half of 2020, this nation was the one with the worst pandemic effects. The first half of 2020 saw a downturn in many firms' regular business activities. In the second half of 2020, new orders and contracts gave the smart agricultural industry great impetus. With the growing demand for machinery and automation goods in a variety of applications, including precision farming, precision livestock, precision aquaculture, precision forestry, smart greenhouses, and horticulture, the market is anticipated to see a U-shaped recovery in 2021. Therefore, it is anticipated that the adoption of cutting-edge technologies and the necessity for automation in the agriculture sector will drive the market's expansion. Considered in this report • Geography: China • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • China smart agriculture Market with its value and forecast along with its segments • Application wise indoor farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on types: • Precision agriculture, • Aquaculture, • The smart green house market, • The Precision Livestock Monitoring market, • The forestry market Based on offering: • Hardware • Software • Services The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.