Market Overview
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 50% |
| 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.
