Augmented Reality in Agriculture Market Projected to Expand Rapidly with 50.2% CAGR by 2030

MarkNtel Advisors recently published a detailed industry analysis of the Global Augmented Reality in Agriculture Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Augmented Reality in Agriculture, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

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.

Key Findings in Global Augmented Reality in Agriculture:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players-

Nedap CowControl, Vaderstad, Yeppar, Amazonen-Werke, Kuhn, Fendt, Claas-Group, Massey Ferguson

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Augmented Reality in Agriculture industry?

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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What segments define the Global Augmented Reality in Agriculture Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, The Hardware segment is likely to dominate the Global Augmented Reality in Agriculture Market during the forthcoming years owing to the rapidly increasing demand & applications of AR devices across various industries, especially in the agricultural sector, thereby enhancing the segment growth.

By End User

• Farming
• Livestock
• Greenhouse

According to report, The Livestock segment is predicted to witness the fastest growth in the forecast years due to the benefits augmented reality (AR) technology offers to livestock farmers.

By Application

• Visually Monitoring
• Stimulated Training of New Farmers
• Optimizing tool choice
• Buying Livestock
• Herd Management

Explore the Complete Global Augmented Reality in Agriculture Market Analysis Report – https://www.marknteladvisors.com/research-library/portable-power-station-market.html

Geographical Analysis: Global Augmented Reality in Agriculture Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Augmented Reality in Agriculture Industry Recent Development:

• 2023: Fendt introduced new 30-foot Momentum planter for smaller operations to reach a wider range of farmers.
• 2022: Nedap announced strategic partnership with Semex ai24, enabling dairy farmers to significantly improve their herd performance & profitability.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Augmented Reality in Agriculture?
• How is the Global Augmented Reality in Agriculture expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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