Augmented Reality in Agriculture Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Augmented Reality in Agriculture Market is estimated to grow at a CAGR of around 50.2% during the forecast period, i.e., 2024-30. Augmented reality (AR) is increasingly being adopted as a transformative technology in the agricultural sector. It provides farmers with real-time, data-driven insights & visual overlays, hence revolutionizing precision farming practices.
Markntel Advisor’s Augmented Reality in Agriculture Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Augmented Reality in Agriculture Market drivers, barriers, Augmented Reality in Agriculture Market Trends, and Key Players in Augmented Reality in Agriculture Market.
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Augmented Reality in Agriculture Market Dynamics: 2024-2030
Augmented Reality in Agriculture Market Driver:
Rising Global Population to Spur the Adoption of Technological Advancements in Agriculture – The burgeoning population worldwide is increasing the pressure on the global food supply & investments for agricultural advancements to bring the most out of the farming industry. For instance, according to the United Nations, the global population reached approximately 8 billion in 2022, up from 7.8 billion in 2021. This rapid population growth has amplified the demand for agricultural production. Therefore, to suffice this emerging need, farmers are increasingly turning to technology to enhance farming practices, boost yields, and reduce food wastage.
These efforts are crucial for meeting consumer demands & achieving production targets, leading to the usage of this technology in the agriculture industry, further driving the Augmented Reality in Agriculture Market in the ensuing years as well.
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Augmented Reality in Agriculture Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Component
- Hardware
- Head mounted display and Smart glass
- Holographic Displays
- Head up display
- Hand held devices (Smart phones etc.)
- Software
- AR Visualization Software
- AR Content Management System (CMS)
- AR Training Simulator Software
- AR SDK
- By End User
- Farming
- Livestock
- Greenhouse
- By Application
- Visually Monitoring
- Stimulated Training of New Farmers
- Optimizing tool choice
- Buying Livestock
- Herd Management
- By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
- Hardware
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Top Companies Operating in the Augmented Reality in Agriculture Market:
- Nedap CowControl
- Vaderstad
- Yeppar
- Amazonen-Werke
- Kuhn
- Fendt
- Claas-Group
- Massey Ferguson
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