Augmented Reality in Agriculture Market is Estimated at a Record USD 14.97 Billion by the End of 2030 | Infinium Global Research

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Oct 17, 2023, 05:15 ET

PUNE, India, Oct. 17, 2023 /PRNewswire/ -- Infinium Global Research, a renowned name in market research, has recently released an insightful report on the Global Augmented Reality (AR) in Agriculture Market. This comprehensive report offers an in-depth analysis of segments and sub-segments within the global and regional AR in agriculture markets. It also highlights the impact of drivers, restraints, and macroeconomic indicators on both short-term and long-term market dynamics. The report provides valuable insights into trends, forecasts, and the financial outlook of the global AR in the agriculture market. Notably, the AR in the agriculture market, which generated revenue of USD 1.32 billion in 2022, is expected to reach USD 14.97 billion by 2030, demonstrating a remarkable CAGR of 30.95% through 2030.

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Key Market Drivers:

AR in agriculture involves the application of AR technology to enhance various facets of agriculture, including crop management, livestock monitoring, and field operations. This technology offers a multitude of benefits, including enhanced accuracy, increased efficiency, and improved decision-making capabilities. One of the primary applications of AR in agriculture is crop management, where it can be used to monitor crop growth, detect diseases, and optimize fertilizer and water usage.

With AR, farmers can visualize crop growth patterns, track individual plant progress, and access real-time data on soil moisture, temperature, and other environmental factors. This empowers farmers to make more informed decisions about crop management, leading to improved yields and reduced waste. AR is also valuable in livestock monitoring, enabling farmers to remotely monitor the health and behavior of their animals, detect early signs of illness, and identify potential health issues. This proactive approach allows for timely interventions and enhanced livestock welfare.

The AR in the agriculture market is witnessing rapid growth, driven by increasing food demand, rising labor costs, and government support. AR finds applications in crop scouting, pest identification, irrigation management, precision farming, and training. It helps farmers improve efficiency, reduce labor costs, and make informed decisions about their crops. However, the high cost of AR technology poses a potential restraint to market growth. As AR technology becomes more affordable and continues to evolve, we can expect to see even more innovative applications emerge in the agriculture market.

Regional Insights:

North America: North America is expected to hold a significant share of the AR in the agriculture market. Agriculture is a major contributor to the economies of countries like the USA and Mexico in North America. The region's extensive agriculture practices and historical leadership in agricultural technologies position it as a pioneer in adopting AR technologies in agriculture. Companies such as Visual Logic, LLC, Trimble Inc., EON Reality Corporate Group, Augmenta, and others are based in North America and actively developing AR agriculture applications.

Segmentation:

The report provides a detailed analysis of the AR in agriculture market, categorized into key segments, including:

Application: Outdoor farming and indoor farming.
Solution: Software, hardware, and service.

Key Players:

The report profiles leading companies in the AR in agriculture market, including:

Visual Logic, LLC
Trimble Inc.
Rams Creative Technologies Pvt. Ltd.
EON Reality
Augmenta Agriculture Technologies P.C.
Visartech Inc.
QUEPPELIN
Nedap N.V.
Vuzix
Think Digital

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Table of Contents

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. AR in Agriculture Market Highlights

2.2. AR in Agriculture Market Projection

2.3. AR in Agriculture Market Regional Highlights

Chapter 3. Global AR in Agriculture Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Application

3.4.2. IGR-Growth Matrix Analysis by Solution

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of AR in Agriculture Market

Chapter 4. AR in Agriculture Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global AR in Agriculture Market

5.2. Companies Profiles

5.2.1. Visual Logic, LLC

5.2.2. Trimble Inc.

5.2.3. Rams Creative Technologies Pvt. Ltd.

5.2.4. EON Reality

5.2.5. Augmenta Agriculture Technologies P.C.

5.2.6. Visartech Inc.

5.2.7. QUEPPELIN

5.2.8. Nedap N.V.

5.2.9. Vuzix

5.2.10. Think Digital

Chapter 6. Global AR in Agriculture Market by Application

6.1. Outdoor Farming

6.2. Indoor Farming

Chapter 7. Global AR in Agriculture Market by Solution

7.1. Software

7.2. Hardware

7.3. Service

Chapter 8. Global AR in Agriculture Market by Region 2023-2030

8.1. North America

8.1.1. North America AR in Agriculture Market by Application

8.1.2. North America AR in Agriculture Market by Solution

8.1.3. North America AR in Agriculture Market by Country

8.1.3.1. The U.S. AR in Agriculture Market

8.1.3.1.1. The U.S. AR in Agriculture Market by Application

8.1.3.1.2. The U.S. AR in Agriculture Market by Solution

8.1.3.2. Canada AR in Agriculture Market

8.1.3.2.1. Canada AR in Agriculture Market by Application

8.1.3.2.2. Canada AR in Agriculture Market by Solution

8.1.3.3. Mexico AR in Agriculture Market

8.1.3.3.1. Mexico AR in Agriculture Market by Application

8.1.3.3.2. Mexico AR in Agriculture Market by Solution

8.2. Europe

8.2.1. Europe AR in Agriculture Market by Application

8.2.2. Europe AR in Agriculture Market by Solution

8.2.3. Europe AR in Agriculture Market by Country

8.2.3.1. Germany AR in Agriculture Market

8.2.3.1.1. Germany AR in Agriculture Market by Application

8.2.3.1.2. Germany AR in Agriculture Market by Solution

8.2.3.2. United Kingdom AR in Agriculture Market

8.2.3.2.1. United Kingdom AR in Agriculture Market by Application

8.2.3.2.2. United Kingdom AR in Agriculture Market by Solution

8.2.3.3. France AR in Agriculture Market

8.2.3.3.1. France AR in Agriculture Market by Application

8.2.3.3.2. France AR in Agriculture Market by Solution

8.2.3.4. Italy AR in Agriculture Market

8.2.3.4.1. Italy AR in Agriculture Market by Application

8.2.3.4.2. Italy AR in Agriculture Market by Solution

8.2.3.5. Rest of Europe AR in Agriculture Market

8.2.3.5.1. Rest of Europe AR in Agriculture Market by Application

8.2.3.5.2. Rest of Europe AR in Agriculture Market by Solution

8.3. Asia Pacific

8.3.1. Asia Pacific AR in Agriculture Market by Application

8.3.2. Asia Pacific AR in Agriculture Market by Solution

8.3.3. Asia Pacific AR in Agriculture Market by Country

8.3.3.1. China AR in Agriculture Market

8.3.3.1.1. China AR in Agriculture Market by Application

8.3.3.1.2. China AR in Agriculture Market by Solution

8.3.3.2. Japan AR in Agriculture Market

8.3.3.2.1. Japan AR in Agriculture Market by Application

8.3.3.2.2. Japan AR in Agriculture Market by Solution

8.3.3.3. India AR in Agriculture Market

8.3.3.3.1. India AR in Agriculture Market by Application

8.3.3.3.2. India AR in Agriculture Market by Solution

8.3.3.4. South Korea AR in Agriculture Market

8.3.3.4.1. South Korea AR in Agriculture Market by Application

8.3.3.4.2. South Korea AR in Agriculture Market by Solution

8.3.3.5. Australia AR in Agriculture Market

8.3.3.5.1. Australia AR in Agriculture Market by Application

8.3.3.5.2. Australia AR in Agriculture Market by Solution

8.3.3.6. Rest of Asia-Pacific AR in Agriculture Market

8.3.3.6.1. Rest of Asia-Pacific AR in Agriculture Market by Application

8.3.3.6.2. Rest of Asia-Pacific AR in Agriculture Market by Solution

8.4. RoW

8.4.1. RoW AR in Agriculture Market by Application

8.4.2. RoW AR in Agriculture Market by Solution

8.4.3. RoW AR in Agriculture Market by Sub-region

8.4.3.1. Latin America AR in Agriculture Market

8.4.3.1.1. Latin America AR in Agriculture Market by Application

8.4.3.1.2. Latin America AR in Agriculture Market by Solution

8.4.3.2. Middle East AR in Agriculture Market

8.4.3.2.1. Middle East AR in Agriculture Market by Application

8.4.3.2.2. Middle East AR in Agriculture Market by Solution

8.4.3.3. Africa AR in Agriculture Market

8.4.3.3.1. Africa AR in Agriculture Market by Application

8.4.3.3.2. Africa AR in Agriculture Market by Solution

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of AR in agriculture.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

About Infinium Global Research:

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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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