Augmented Reality in Agriculture Market Size from 2022-2027 | BIS Research

Augmented Reality in Agriculture Market Size from 2022-2027 | BIS Research The global augmented reality in agriculture market was valued at $0.84 million in 2021 and is projected to reach $4.89 million by 2027, growing at a CAGR of 34.49% during the forecast period 2022-2027.

The Augmented Reality in Agriculture Market is primarily in its emerging stage, and it is expected to be driven by the increasing demand for food, increasing population, trend of digitalization in the industry (Industry 4.0) and agriculture (Agriculture 4.0), need for simulated training, and precise field monitoring.

In recent years, Digital technology has played a pivotal role in reshaping various industries, and agriculture is no exception. Augmented Reality (AR) has emerged as a transformative force in the agricultural sector, offering innovative solutions to enhance productivity, efficiency, and sustainability.

Key Applications Precision Farming: Augmented Reality enables farmers to analyze and visualize critical data such as soil conditions, crop health, and weather patterns in real-time. This information aids in making informed decisions related to planting, irrigation, and harvesting, leading to increased crop yields and resource efficiency.

Training and Education: AR technology is utilized for training purposes, offering farmers immersive learning experiences. It provides step-by-step guidance on equipment operation, crop management, and pest control, contributing to improved skill development among agricultural professionals.

Remote Assistance: Farmers can receive virtual assistance from experts located remotely through AR-powered smart glasses or mobile devices. This facilitates quick issue resolution, reducing downtime and enhancing overall farm productivity.

Crop Monitoring and Management: AR applications help farmers monitor crop health by overlaying real-time data on the condition of plants. This assists in identifying diseases, pests, and nutrient deficiencies early on, enabling timely intervention and preventing potential yield losses.

Benefits of Augmented Reality in Agriculture Increased Efficiency: AR streamlines farm operations by providing timely information, reducing the time spent on manual tasks, and optimizing resource usage.

Improved Decision-Making: Access to real-time data allows farmers to make informed decisions regarding crop management, resource allocation, and overall farm strategy.

Sustainability: Precision farming practices facilitated by AR contribute to sustainable agriculture by minimizing resource wastage, reducing environmental impact, and optimizing inputs.

Enhanced Productivity: Augmented Reality tools contribute to increased productivity through efficient use of resources, better crop management, and reduced operational downtimes.

Understanding Augmented Reality in Agriculture Augmented Reality involves overlaying digital information onto the physical world, providing users with an enriched and interactive experience. In agriculture, AR blends the digital and physical realms to deliver real-time data, insights, and visualizations to farmers and agricultural professionals. This technology leverages devices such as smart glasses, smartphones, and tablets to create a more immersive and informative environment.

Impact With an increased worldwide focus on achieving digitization, industrialization, and sustainability, the shift to smart farming tools provides opportunities for companies to invest in technologically advanced tools.

Currently, the shift to digitization is more prominent in precision agriculture, smart farming, artificial intelligence, the Internet of Things (IoT), and big data analytics, among others. The market is dominating in regions such as North America and Europe.

Request A Free Detailed Sample for the Augmented Reality in Agriculture Market Market Segmentation: Segmentation 1: by Application • Indoor Farming • Outdoor Farming Segmentation 2: by Solution • Hardware • Software • Service Segmentation 3: by Region • North America - U.S., Canada, and Mexico • Europe - Germany, France, Netherlands, Italy, and Rest-of-Europe • U.K. • Asia-Pacific - Japan, India, Australia and New Zealand, and Rest-of-Asia-Pacific • China • Rest-of-the-World - South America and Middle East and Africa Recent Developments in the Global Augmented Reality in Agriculture Market • In June 2022, Rams Creative Technologies Pvt. Ltd. announced its new partnership with Microsoft’s Mixed Reality Program (MRPP). This partnership program was started by Microsoft for companies that design, develop, and deploy mixed reality and augmented reality solutions for enterprises.

• In January 2022, Augmenta and Arva Intelligence entered into a partnership for affordable farm-ready automation, environmental enhancement, and carbon offsetting.

Demand - Drivers and Limitations Following are the demand drivers for the augmented reality in agriculture market: • • •

Digitization Powering the Next Green Revolution – Agriculture 4.0 AR as a Tool for Field Monitoring Increased Demand for Spatial Computing Applications

Following are the challenges for the augmented reality in agriculture market: • •

Lack of Awareness Limited R&D and Lack of Use-Cases of Agricultural Applications

Conclusion Augmented Reality in Agriculture is ushering in a new era of smart and sustainable farming practices. With its ability to provide real-time data, enhance decision-making, and optimize resource usage, AR is proving to be a valuable tool for farmers looking to meet the challenges of modern agriculture. As the market continues to evolve, the synergy between technology and agriculture is poised to revolutionize the way we produce food and manage our agricultural resources.