Smart Agriculture Market – New Technology, Current Trends and Future Opportunities

Rising trend of globalisation, the people are getting more educated regarding healthy diet and thus the food and beverages industry is experiencing a sturdy shift in the food consumption pattern. More number of people today, have started including non – vegetarian food produces, which is subsequently leading to rising demand for efficient production of livestock.

Key trend which will predominantly effect the market in coming year is upcoming technological advancement in this field. It is predicted that the upcoming technological advancements in this industry would enable the farmers to regulate the requirements of a crop at any explicit location and instant in a way that will be increasingly accurate, and from a distance. The companies that survive in the ecosystem would be on account of innovations and to support the development and adoption of smart agriculture techniques. The future technological advancement in the smart agriculture is expected to ease out the lengthy procedures involved in crop production and also support in making the supply chain of this market more effective. The needs and wants of customer increase each passing day and to meet such rapidly increasing demands, it has become very important to adopt technologies that provide better result in less time and cost.

Agrigenomics is defined as the study of the genetic makeup of crops and livestock and how genes influence the produce. Application of genomics in agriculture enables improvement in the sustainability and productivity in livestock and crop production. Significant enhancements in technology leading to a switch from single gene sequencing to whole genome sequencing, and increase in research on genome composition and gene function contribute to the growth of the agrigenomics market. Leading players in the global agrigenomics market include Thermo Fisher Scientific, Illumina, Agilent Technologies, Eurofins, Zoetis, LGC Limited, BGI, Neogen Corporation, Pacific Biosciences, CEN4GEN Institute, NuGEN Technologies, Edico Genome, UD-GenoMed Limited, SciGenom.

The agrigenomics market is anticipated to grow at a high rate during the forecast period, owing to the exponential increase in population, rise in demand for crop and livestock, government initiatives to support research and enhance crop productivity, and surge in demand for genomic databases by livestock breeders. Technological advances in sequencer systems such as development of high-throughput systems, and increasing automation contribute to the growth of the market. In terms of technology, the market can be categorized into real-time PCR (qPCR), microarrays, next generation sequencing, capillary electrophoresis, and others. Based on service offerings, the market can be classified into genotyping, DNA fingerprinting, assessment of genetic purity, trait purity assessment, gene expression analysis, and others.