| Product Code: ETC5489063 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on a select group of top exporting countries for its connected agriculture import shipments, with Trinidad and Tobago, USA, China, Canada, and Panama leading the way. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry maintained a solid compound annual growth rate (CAGR) of 8.52% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -11.88%, suggesting potential challenges or shifts in the market dynamics during that period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Connected Agriculture Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Connected Agriculture Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Connected Agriculture Market - Industry Life Cycle |
3.4 Grenada Connected Agriculture Market - Porter's Five Forces |
3.5 Grenada Connected Agriculture Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Grenada Connected Agriculture Market Revenues & Volume Share, By Platforms, 2021 & 2031F |
3.7 Grenada Connected Agriculture Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Grenada Connected Agriculture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of technology in agriculture practices |
4.2.2 Government support and initiatives to promote connected agriculture |
4.2.3 Growing awareness about the benefits of connected agriculture in Grenada |
4.3 Market Restraints |
4.3.1 High initial investment cost for implementing connected agriculture solutions |
4.3.2 Lack of skilled workforce with knowledge of technology in agriculture sector in Grenada |
5 Grenada Connected Agriculture Market Trends |
6 Grenada Connected Agriculture Market Segmentations |
6.1 Grenada Connected Agriculture Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Grenada Connected Agriculture Market Revenues & Volume, By Solution, 2021-2031F |
6.1.3 Grenada Connected Agriculture Market Revenues & Volume, By Platforms, 2021-2031F |
6.1.4 Grenada Connected Agriculture Market Revenues & Volume, By Services, 2021-2031F |
6.2 Grenada Connected Agriculture Market, By Platforms |
6.2.1 Overview and Analysis |
6.2.2 Grenada Connected Agriculture Market Revenues & Volume, By Device Management, 2021-2031F |
6.2.3 Grenada Connected Agriculture Market Revenues & Volume, By Application Enablement, 2021-2031F |
6.2.4 Grenada Connected Agriculture Market Revenues & Volume, By Connectivity Management, 2021-2031F |
6.3 Grenada Connected Agriculture Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Connected Agriculture Market Revenues & Volume, By Pre-Production Planning and Management, 2021-2031F |
6.3.3 Grenada Connected Agriculture Market Revenues & Volume, By In-Production Planning and Management, 2021-2031F |
6.3.4 Grenada Connected Agriculture Market Revenues & Volume, By Post-Production Planning and Management, 2021-2031F |
7 Grenada Connected Agriculture Market Import-Export Trade Statistics |
7.1 Grenada Connected Agriculture Market Export to Major Countries |
7.2 Grenada Connected Agriculture Market Imports from Major Countries |
8 Grenada Connected Agriculture Market Key Performance Indicators |
8.1 Percentage increase in the number of farms adopting connected agriculture practices |
8.2 Average cost reduction achieved by farms using connected agriculture solutions |
8.3 Percentage increase in crop yield and quality due to connected agriculture implementations. |
9 Grenada Connected Agriculture Market - Opportunity Assessment |
9.1 Grenada Connected Agriculture Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Grenada Connected Agriculture Market Opportunity Assessment, By Platforms, 2021 & 2031F |
9.3 Grenada Connected Agriculture Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Grenada Connected Agriculture Market - Competitive Landscape |
10.1 Grenada Connected Agriculture Market Revenue Share, By Companies, 2024 |
10.2 Grenada Connected Agriculture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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