The agriculture of industry is rising significantly with the effective development in the technology and rapidly rising in the population of the respective economy. The rapid development in the technology and due to a significant increase in the digitalization in the industry the agriculture is turning into the real business. In the Asia Pacific region, the key vendors are functioning more actively for enhancing the applications and development in the technology so that the region can acquire a huge amount of share in this industry. According to the report analysis, ‘Agriculture Equipment Market Trends’ states that the recent development in the RFID (Radio Frequency Identification) technology provides wide opportunities for research, development, and innovations in agriculture as it helps in maintaining the huge volumes of data that are difficult to manage and make the market more competitive with the various applications in this industry.
The usage of RFID sensors increases the trustworthiness for manufactures whereas, the RFID sensors can be used to track the food from field to the store. The end user of the product or any intermediate consumer from the farm it came to know the location from where it was purchased by following a detailed trail about the food they consume. If all crops had RFID sensors, the outbreaks and panic could be minimized as anyone now could be able to track the food. Therefore, the technology of RFID is creating records and databases which enable producers to quickly identify and reveal suspects goods in distributing chains. In the modern trends, RFID tags are becoming the next generation of barcodes which only provide generic information, such as product class. Moreover, the RFID sensors improved the supply and distribution chains as tracing can be done by the consumers. In addition, the tag sensors monitor various environmental parameters during the transportation and storage of products. According to the report analysis, ‘Agriculture Equipment Market Growth Analysis’ states that with the more developed in the technology and innovations in the existing applications lead the market to grow even more significantly as an effective RFID network requires supply chain partners to have a compatible software system to share, update and access the information. In the developed countries, the usage of RFID sensors are using for scanning of tagged warehoused goods provides real-time inventory data as this data enhance FIFO (first in, first out) policies. Moreover, the developing countries are currently functioning more significantly for developing and enhancing the applications of the technology in the agriculture sector even the developed countries are also showing effectiveness in this technology and market.
In the North America and Middle, East Europe is expected to account the significant share in this market with the more innovations and the Asia Pacific region is also doing so many projects related to enhancing the effectiveness of this technology and on the RFID commercial implementation. In addition, the South and North America accounted for a major share of the RFID technology in the agriculture industry and growing rapidly with the numerous key players. The Government of Asia Pacific regions such as India and others are generating so many policies for the benefit of both vendors and farmers which make the market more competitive and the existence of government make this market more reliable and attractive. Therefore, it is expected that in the coming years the agriculture market will grow significantly over the decades with the more enlargement in the applications of the RFID.
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Ankur Gupta, head marketing & communications