South Korea Smart Agriculture System Market Research Report, 2029

South Korea's agricultural system is characterized by its unique blend of traditional practices and modern techniques, shaped by the country's geographical and climatic diversity. Agriculture occupies a significant portion of the land, although urbanization and industrialization have led to a decline in arable land over the years. The agricultural sector plays a crucial role in the livelihoods of many rural communities, with a substantial portion of the population engaged in farming activities. However, the sector faces challenges such as an aging farmer demographic, limited labor availability, and fluctuating market conditions. The reliance on rice as a staple crop is notable, but changing dietary preferences have led to a decrease in rice consumption and production. In response to these challenges, there is an increasing emphasis on sustainable practices and the revitalization of rural areas, which aim to ensure food security while preserving cultural heritage. According to the research report, "South Korea Smart Agriculture Market Research Report, 2029," published by Actual Market Research, the South Korea Smart Agriculture market is anticipated to add to more than USD 125 Million by 2024–29. The smart agriculture market in South Korea is rapidly evolving as farmers seek innovative solutions to enhance productivity and sustainability. The government has recognized the importance of integrating technology into agriculture to address issues such as labour shortages and climate variability. Initiatives promoting smart farming involve the use of information and communication technologies (ICT) that provide real-time data to farmers, enabling them to make informed decisions regarding crop management and resource allocation. Despite the potential benefits, the adoption of smart technologies has been slow among many farmers due to cost barriers and a lack of digital literacy.

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In South Korea, the agricultural technology market is experiencing robust growth across several segments, including precision agriculture, precision fish farming, smart greenhouses, precision livestock monitoring, and forestry. Precision agriculture is gaining traction as farmers increasingly adopt advanced technologies such as GPS, GIS, and sensor-based systems to optimize crop management and improve yields. The government's support through financial aid and educational initiatives further accelerates this trend, particularly among small and medium-sized farms. Precision fish farming is also on the rise, with innovations in monitoring systems that enhance water quality management and fish health, ensuring sustainable aquaculture practices. The smart greenhouse market is expanding rapidly due to the growing demand for fresh produce year-round; these facilities utilize climate control technologies that maximize efficiency and reduce environmental impact. In South Korea, the smart agriculture market is witnessing substantial growth across the offering segment, comprising hardware, software, and services. The hardware segment is gaining momentum as South Korean farmers increasingly adopt advanced technologies like IoT devices, sensors, drones, and automated machinery to monitor crop health, soil conditions, and weather changes. These innovations are crucial for optimizing resource use, especially in a country with limited arable land, helping farmers maximize productivity and sustainability. The software segment is also seeing rapid advancement, with farm management platforms, data analytics tools, and AI-based systems becoming integral to modern agricultural practices. These solutions allow farmers to gather, analyze, and interpret large datasets, improving decision-making for planting schedules, irrigation, and pest management. Additionally, the services segment is expanding, with growing demand for consulting, installation, and technical support services that assist farmers in implementing and maintaining smart farming systems. COVID-19 Impacts: COVID-2019 has a substantial impact on agriculture in two key areas: the supply and demand for food. These two factors have a direct impact on food security. Due to mobility constraints, less buying power, and a disproportionate impact on the most disadvantaged demographic groups, food demand and, consequently, food security are significantly impacted. Governments adopt increasingly extreme steps to restrict the virus's spread as cases rise, which also has an impact on the world's food supply. Although some governments take the opposite tack, the fundamental tenet of any policy taken should be to safeguard the population's health and food security at the expense of economic growth.

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Rahul Jagtap

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Considered in this report • Geography: South Korea • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • South Korea smart agriculture Market with its value and forecast along with its segments • Application wise smart agriculture distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on types: • Precision agriculture • Precision Fish Farming • The smart greenhouse market • The Precision Livestock Monitoring market, • The forestry market

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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.