India Smart Agriculture Market Research Report, 2027

India Smart Agriculture Market Research Report, 2027

Actual Market Research 27-07-2022 54 Pages Figures : 6 Tables : 16 Region : Asia-Pacific Country : India Category : Food & Beverages Agriculture

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India is the country in which the agriculture is treated not just as a business. Indian farmers treat agriculture as a mother, which is beyond business. The Indian economy is heavily reliant on the agricultural sector. More than 70% of rural families are dependent on agriculture. Since agriculture employs more than 60% of the population and contributes around 17% of the country's GDP, it is a significant sector of the Indian economy, which is the highest in the world. Unquestionably, the weather is one of the biggest sources of risk for Indian agriculture, and the impending danger of climate change makes this susceptibility even more apparent. Both the frequency of dry days and the number of days with very high levels of rainfall have grown in India, which is consistent with climate change models' predictions of increasing weather variability. The majority of farming operations have turned out to be environmentally unsustainable due to the constant use of chemical-based inputs like fertilizers, pesticides, herbicides, and mechanized farming. This overexploitation of natural resources, particularly groundwater and soil, has been caused by these inputs. Humans need to use all these pesticides, fertilizers, and chemicals due to the degradation of soil, but with proper understanding, with proper technique, and with proper intensions. Smart agriculture provides the ways to do agribusiness in the precise manner. Smart agriculture is relatively new in the Indian market surprisingly, one of the fastest growing markets in smart agriculture in the whole world. According to the Actual Market Research’s report titled “ India Smart Agriculture Market Research Report, 2027” the smart agriculture market of India is expected to grow with the nearly CAGR of 18% from the year 2022 to 2027. India is adopting smart agriculture quite quickly. Precision agriculture, precision aquaculture, smart green houses, precision livestock, and precision forestry are different methods India is implementing for the higher growth of the agriculture sector. For maximum profitability, sustainability, and conservation of land resources, a farm management system based on information and technology finds, analyses, and regulates variability in fields by carrying out crop production methods at the proper time and location. In contrast to conventional cultivation methods, precision farming employs precisely measured inputs to boost average yields. The small size of individual land in India is one of the biggest issues. The majority, more than 58%, of active holdings in the nation have less than one hectare of land. Precision farming is the method that is going to help people produce more on their small land. Precision agriculture has the highest market share, with more than 45% of India's entire agriculture sector. This precision agriculture is growing rapidly in the Indian smart agriculture market with around 20% CAGR, which is the highest in the Asian Pacific region. Livestock agriculture is always an important part of the Indian agriculture system. For two thirds of rural communities, livestock is the main source of income. With precision livestock agriculture, India's rural and urban populations are also offered opportunities. India has a tremendous supply of livestock. The GDP contribution from the livestock industry is 4.11%, while the GDP of all agriculture is 25.6%. An IOT-style technology that enables farmers and farm owners to remotely monitor the health of the crop would greatly assist Indian agriculture. Crops are susceptible to factors including temperature, humidity, water content, soil texture, and most critically, when and how many pesticides are applied. Research and development in agriculture technologies that enable farmers to more effectively use resources are being driven by the issue of climate change and the rising need to better conserve and manage natural resources. The resources can include Tramadol and animal husbandry practices that will safely and humanely increase the output of protein products like milk and eggs, as well as water and nutrients that build soil health through precision agronomic systems and improved seeds that will produce products that will positively impact human health. Hardware, software, and services are the main pillars of smart agriculture development. India is maximizing the use of software for smart agriculture and it is having a great market size in the Indian smart agriculture market. The use of software is increasing tremendously in the Indian smart agriculture market with a nearly 21% CAGR, and it is one of the fastest growing in the world. COVID-19 Impacts: The whole country was placed under lockdown as a result of COVID-19, which had a substantial negative influence on the agricultural and related industries' total output levels, which fell by 47% as a result. However, 34% of the districts showed no change in the levels of output in the agricultural and allied sectors, while 19% of the districts also reported a rise in the sector's total level of production. Lack of labor and equipment, the necessity for social isolation, and limits on the free movement of people and machinery are a few of the factors contributing to the decline of agricultural activity. The majority of states have seen a fall in production in the agriculture sector. Agriculture productivity has fallen dramatically in states like Chhattisgarh, with 13%, and Himachal Pradesh, with 15%. However, agricultural production has increased in some significant agricultural states, including south with a 23% increase, Punjab with a 5% increase, Rajasthan with a 4.4%, and Gujarat with a 6.7%. This may be explained by the bumper crop production that occurred during the Rabi season and the fact that harvesting of the crops had already been completed in many of the states prior to the start of the pandemic and the lockdown. Considered in this report • Geography: India • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • India’s 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.

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