South Korea Smart Agriculture Market Research Report, 2027

"The strong agricultural tradition, advanced technology, and dedication to sustainability in South Korea all influence the market for smart agriculture. Self-sufficiency, food security, and high-quality produce are highly valued in South Korea's deeply ingrained agricultural culture. The desire to increase productivity and efficiency, a lack of arable land, an aging farming population, and other factors are the driving forces for the implementation of smart agriculture practices in South Korea. Modern agricultural technologies are being developed as a result of the nation's innovative and technologically advanced culture. In order to boost crop yields, minimize the environmental effect, and optimize resource utilization, South Korea adopts technology including IoT, AI, robotics, and vertical farming. Public-private collaborations, research and development projects, and government funding all help to advance innovation and the use of smart agriculture techniques. The South Korean government actively supports the development and adoption of smart agriculture technologies. Through funding, incentives, and research grants, the government encourages innovation, collaboration, and the growth of the smart agriculture sector. South Korea fosters a culture of collaboration and knowledge sharing among farmers, researchers, and technology companies. This collaborative approach encourages the exchange of expertise, ideas, and best practices, fueling innovation and accelerating the adoption of smart agriculture solutions. South Korea is not only a leader in smart agriculture domestically but also a global exporter of agricultural technologies. Korean companies export their innovative solutions, including smart sensors, automated systems, and precision farming technologies, to countries around the world, contributing to the advancement of smart agriculture globally. According to the Bonafide Research’s report titled “ South Korea Smart Agriculture Market Overview, 2027” the smart agriculture market of South Korea is expected to grow rapidly from the year 2022 to 2027. South Korea is at the forefront of vertical farming innovation. With limited arable land and a high population density, vertical farming technologies have been widely adopted to maximize crop production in a controlled environment, using advanced LED lighting, hydroponics, and automated systems. South Korea is known for its advancements in robotics and automation, which have revolutionized the agricultural sector. Robotics technologies, including autonomous farm machinery, drones, and robotic arms, are used for planting, harvesting, monitoring crops, and performing labor-intensive tasks. The integration of IoT technologies in agriculture is a major focus in South Korea. IoT sensors, networks, and data analytics are employed for real-time monitoring of environmental factors, crop health, and irrigation systems, allowing farmers to make data-driven decisions and optimize resource management. South Korea has developed smart greenhouse technologies that enable precise control of temperature, humidity, light, and CO2 levels. These technologies create an ideal environment for plant growth, increase productivity, and reduce water and energy consumption. South Korea's smart agriculture market embraces urban agriculture solutions, promoting rooftop gardens, indoor farming, and community gardens. These initiatives aim to enhance food security, reduce transportation costs, and create a more sustainable urban environment. South Korea places a strong emphasis on sustainable agriculture practices. The smart agriculture market integrates eco-friendly solutions, such as organic farming, natural pest control, and efficient use of resources, to minimize environmental impact and promote long-term sustainability. 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, Blockchain, 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 South Korea. 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. Agriculture software is rapidly expanding in the smart agriculture market, with a nearly XX% CAGR in South Korea.

COVID-19 Impacts: 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: South Korea • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • South Korea 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

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Manmayi Raval

Research Consultant

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.

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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. "