Enabling technologies enhance predictability and efficiency of agriculture, while reducing field inputs, finds Frost & Sullivan's TechVision team
SANTA CLARA, Calif., March 28, 2017 /PRNewswire/ -- The global threat to food security and the need to deal with unpredictable climatic conditions have thrown open the doors to advanced agriculture technologies such as precision agriculture, agricultural robots and equipment telematics. These emerging technologies require less labor, enable higher farming efficiencies, and in the long-term will greatly boost agricultural profitability.
Click on the following link for complimentary access to more information on this analysis or to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders: https://goo.gl/Ow3kSj
Emerging Technologies Stimulating the Future of Agriculture, recent research from Frost & Sullivan's TechVision (Health & Wellness) Growth Partnership Service program, finds that the United States will be the biggest adopter of integrated pest management techniques, covering up to 70 percent of the total crop acreage in the country. The concentration of pesticide residues is found to be very low in the crops cultivated in the US.
"Technologies based on water conservation, enhanced efficiency fertilizers, pest management and waste upcycling increase the yield per hectare of agricultural land," said Frost & Sullivan TechVision Research Analyst Sharath Thirumalai. "Additionally, the reduced energy utilization and negligible release of greenhouse gases using crop sensors and equipment telematics make agriculture more sustainable and efficient."
Some of the major technologies impacting the global agriculture sectors are:
While the innovations in agricultural technologies are abundant, farmers are still mostly unaware of their availability and benefits. Plus, the higher costs of installation and operation make them unfeasible for small holdings. Farmers are also reluctant to adopt these technologies as a change in climatic and land-use patterns could intensify the severity of natural calamities, which can have direct implications for the agricultural yield.
"Lack of knowledge about the predator-parasite relationship will result in the over-utilization of synthetic fertilizers, which will damage the fertility of the soil in the long run," noted Frost & Sullivan TechVision Research Analyst Lekshmy Ravi. "Furthermore, the infrequent use of water conservation techniques and equipment telematics lowers the yield of crops per field area cultivated."
Governments all over the world are acknowledging the importance of agriculture technology innovation and adoption of more efficient systems. North America leads in technology development and deployment, while Asia-Pacific has shown to have the most potential for technology adoption. Meanwhile, the Australian government has announced $35 million in funds to manage pests and weeds in the drought-affected areas of New South Wales, Queensland, South Australia and Western Australia.
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Emerging Technologies Stimulating the Future of Agriculture
Corporate Communications -- North America
P: (210) 247.2481
F: (210) 348.1003