According to the MarkNtel Advisors' research report, "Global Augmented Reality in Agriculture Market Analysis, 2021," the market is likely to grow at a CAGR of around 50% in the forecast period of 2021-26. Augmented Reality (AR) in agriculture plays a versatile role in enabling field check & detection of a pest or insect. It also defines properties of soil & crops to be sown in a particular piece of land. Furthermore, it helps in knowing pest & crop conditions by looking at modern applications. Hence, these facilities are prominent factors behind the robust growth of Global Augmented Reality in the Agriculture market.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada|
|Europe: Germany, The UK, France|
|Asia-Pacific: China, India, Japan, South Korea|
|South America: Brazil|
|Middle East & Africa: GCC, South Africa|
|Key Companies Profiled||Nedap CowControl, Vaderstad, Yeppar, Amazonen-Werke, Kuhn, Fendt, Claas-Group, Massey Ferguson|
|Unit Denominations||USD Million/Billion|
Impact of COVID-19
The outbreak of COVID-19 brought labor shortages and supply chain disruptions, delaying the overall production. However, the increased farm equipment & developing AR agriculture infrastructure are likely to expand the adoption of AR technology among the farmers. Hence, the COVID-19 positively impacted the Global Augmented Reality in the Agriculture Market.