Mexico Smart Agriculture Market Research Report, 2027

"Mexico Smart Agriculture Market is a rapidly developing sector that utilizes advanced technologies and innovative solutions to optimize agricultural practices in Mexico. Smart agriculture, also known as precision agriculture or digital farming, utilizes cutting-edge technologies like IoT, AI, drones, and data analytics to enhance productivity, sustainability, and resource efficiency. The market's significance stems from Mexico's critical role in the economy, providing employment opportunities and contributing to food security. By utilizing precision agriculture techniques, such as remote sensing and IoT-based monitoring systems, farmers can optimize irrigation, fertilizer application, and pest management, reducing resource wastage, chemical usage, and improving water and soil conservation. The market is supported by government initiatives, such as programs providing farmers with access to technology, training, and financial support.Collaborations between industry stakeholders, research institutions, and technology providers drive innovation and localized solutions tailored to Mexico's agricultural landscape. The adoption of smart agriculture technologies can enhance farm productivity, reduce costs, increase profitability, and improve the overall competitiveness of the agricultural sector. Overall, the Mexico Smart Agriculture Market represents a transformative approach to agriculture, aiming to enhance productivity, preserve natural resources, promote sustainable food production, and contribute to the overall development and resilience of the agricultural sector.

According to the Bonafide Research’s report titled “Mexico Smart Agriculture Market Overview, 2027”, the Mexico Smart Agriculture market is projected to reach market size of more than USD 800 Million by 2027. Precision agriculture is dominating the smart agriculture market in the Mexico. Farmers are able to use agricultural inputs like fertilizers, insecticides, tillage, and irrigation water more efficiently because of precision agriculture. Utilizing inputs more efficiently results in higher agricultural output and quality without harming the environment. The Mexico production agriculture now faces economic and environmental challenges that can be resolved with precision agriculture. It is evident that a large number of farmers have reached a management level where they may profit from precision management. Precision agriculture combines modern information-age technology with an established agricultural sector. It is an integrated crop management system in order to match the kind and quantity of inputs with the real crop demands for small regions within a farm field. This helps farmers generate higher profits.

The Smart agriculture business has improved greatly because of new farm equipment. Some of the most important and widely used pieces of equipment are the combine or combine harvester, Rotary Tiller, Plough or Plow, Tractor Trailer, Power Harrow, Leveler, water bowser, ripper machine, and disc harrow. Hardware is always an important factor when it comes to agriculture. IOT, drones, AI, Block chain, and robotics are as important in smart agriculture as traditional hardware. This equipment can provide precise field mapping, including elevation data that enables producers to identify any field abnormalities. The huge use of these devices accounts for the higher market size of hardware in the Mexico. The users of smart agriculture software can keep an eye on crop rotations, manure, tillage, irrigation, and the outcomes of soil tests. Inventory management enables farmers to monitor and control the movement of agricultural products from producers to warehouses. The user may monitor how agricultural products are stored as well.

COVID-2019 has a substantial impact on agriculture in two key areas: the supply and demand for food. These two factors have a direct impact on food security. Due to mobility constraints, less buying power, and a disproportionate impact on the most disadvantaged demographic groups, food demand and, consequently, food security are significantly impacted. Governments adopt increasingly extreme steps to restrict the virus's spread as cases rise, which also has an impact on the world's food supply. Although some governments take the opposite tack, the fundamental tenet of any policy taken should be to safeguard the population's health and food security at the expense of economic growth.

Considered in this report
• Geography: Mexico
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Mexico smart agriculture Market with its value and forecast along with its segments
• Application wise indoor farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Based on types:
• Precision agriculture,
• Aquaculture,
• The smart greenhouse market,
• The Precision Livestock Monitoring market,
• The forestry market

Based on offering:
• Hardware
• Software
• Services

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

Research Consultant

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