Latin America Intelligent Agriculture Market

Latin America Intelligent Agriculture Market was worth USD 1.21 billion in 2020 and estimated to be growing at a CAGR of 12.83%, to reach USD 2.12 billion by 2025. Intelligent Agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for raising crop productivity. It includes the use of modern technologies of farming which help in improving the quality of food and growing the yield of farms.

Smart agriculture tools are most extensively used in precision farming since they play a vital role in improving farm efficiency and help growers in maximizing their yields of crop. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes soil properties, weather conditions, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps in identifying different soil parameters in order to maintain the nutrient level of the soil.

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The driving factors of Latin America Intelligent Agriculture market are increasing application of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide. The major constraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.

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Market Segmentation:

The Latin America Intelligent Agriculture market is segmented based on the basis of agriculture type into

Livestock Monitoring

o   Feeding Management

o   Heat Stress Management

o   Milk Harvesting

o   Breeding Management

o   Animal Comfort Management

o   Behavior Monitoring & Management

o   Others

Precision Farming

o   Yield Monitoring

o   Field Mapping

o   Crop Scouting

o   Weather Tracking & Forecasting

o   Irrigation Management

o   Inventory Management

o   Farm Labor Management

o   Financial Management

o   Others

By Application

o   Precision farming applications

o   Fish farming applications,

o   Smart greenhouse applications

o   Others

Geographical Analysis:

The Latin America Intelligent Agriculture market is divided based on geography into

o   Brazil

o   Mexico

o   Rest of Latin America

Factors such as increasing application of technologies in agriculture and growing support of government is expected to drive the market growth in the region.

Major Key Players:

Some of the major players in the market are Latin Americaan GNSS Agency (GSA) (Czech Republic), Precision Ag Institute (U.S.), International Society for Precision Agriculture (ISPA) (U.S.), SPAA Precision Agriculture (Australia), CropLife (CropLife Media Group) (U.S.), Precision Agriculture Association (New Zealand), and Agricultural Research Organization (Israel).