Market Overview:
The global IoT technology for agriculture market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for precision farming, agricultural drones, livestock monitoring, and smart greenhouses. The other type segment is expected to grow at the highest CAGR during the forecast period. North America is expected to hold the largest share of the global IoT technology for agriculture market in 2018. However, Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
The use of internet-connected sensors and devices to collect and share data about crops, livestock, soil, weather conditions, and other aspects of farming. The aim of IoT technology for agriculture is to increase efficiency and productivity while reducing waste. For example, a sensor could be used to monitor the moisture content of soil in order to decide when and how much water needs to be added; or a camera could be used to detect pests or diseases so that they can be treated quickly.
Automation and Control Systems:
Automation and control systems are used in the agriculture sector to increase productivity and efficiency. These systems have wide applications in crop monitoring, irrigation management, soil analysis & testing, harvesting & packaging among others. The increasing need for real-time data on farm activities has led to the growth of automation and control system market.
The global automation.
Smart Equipment and Machinery:
Smart equipment and machinery are the devices that can be connected to the internet, which provides information about its functioning to the user through a wireless network. It can also help in monitoring and controlling various processes occurring in an industrial plant or field. Smart equipment is used for automating several processes involved in crop production such as soil management, irrigation management, harvesting management among others.
Application Insights:
The precision farming segment dominated the global IoT technology for agriculture market in 2017 and is expected to continue its dominance over the forecast period. Precision farming uses various technologies, such as big data analytics, cloud computing, and sensor-based systems to improve agricultural productivity. The use of these technologies has enabled farmers to optimize their operations by reducing costs and increasing yields. These benefits provided by these systems are estimated to drive the adoption of this technology in agriculture applications across regions.
Agricultural drones have witnessed significant growth owing to their ability provide real-time information on soil conditions & field health along with precise mapping & monitoring of fields from above; which is anticipated fuel further growth over the forecast period.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of IoT technology in agriculture sector, which provides real-time data on field conditions and enables farmers to make better-informed decisions. Moreover, rising awareness regarding farm mechanization has resulted in increased demand for automation solutions across this region.
The European Union's initiative known as Horizon 2020 focuses on developing a smart environment with intelligent technologies that can enhance productivity while reducing environmental impact across all sectors including agriculture. This initiative has provided a new momentum towards development of innovative farming practices that are anticipated to drive regional demand over the next eight years.
North America is projected to witness significant growth over the forecast period owing to increasing investments by governments & private entities along with growing adoption of IoT technology across various industries such as healthcare, automotive, etc.
Growth Factors:
- Increased demand for food due to population growth
- Rising income levels in developing countries
- Urbanization and the growth of the middle class
- The need for more efficient agricultural practices to meet global food demands
- Advances in IoT technology that make it easier and more affordable to deploy
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Technology for Agriculture Market Research Report
By Type
Automation and Control Systems, Smart Equipment and Machinery, Other
By Application
Precision Farming, Agricultural Drones, Livestock Monitoring, Smart Greenhouses
By Companies
Libelium, Semtech, John Deere, Raven Industries, AGCO, Ag Leader Technology, DICKEY-john, Auroras, Farmers Edge, Iteris, Trimble, Ag Leader Technology, DICKEY-john
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global IoT Technology for Agriculture Market Report Segments:
The global IoT Technology for Agriculture market is segmented on the basis of:
Types
Automation and Control Systems, Smart Equipment and Machinery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Precision Farming, Agricultural Drones, Livestock Monitoring, Smart Greenhouses
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Libelium
- Semtech
- John Deere
- Raven Industries
- AGCO
- Ag Leader Technology
- DICKEY-john
- Auroras
- Farmers Edge
- Iteris
- Trimble
- Ag Leader Technology
- DICKEY-john
Highlights of The IoT Technology for Agriculture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automation and Control Systems
- Smart Equipment and Machinery
- Other
- By Application:
- Precision Farming
- Agricultural Drones
- Livestock Monitoring
- Smart Greenhouses
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT Technology for Agriculture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT technology is a network of devices that can be connected to each other to share data. This allows farmers to track information such as weather, soil conditions, and crop health in real time. This technology can also help farmers optimize their farming practices and make better decisions about when and how to plant crops.
Some of the key players operating in the iot technology for agriculture market are Libelium, Semtech, John Deere, Raven Industries, AGCO, Ag Leader Technology, DICKEY-john, Auroras, Farmers Edge, Iteris, Trimble, Ag Leader Technology, DICKEY-john.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Technology for Agriculture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT Technology for Agriculture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Technology for Agriculture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT Technology for Agriculture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT Technology for Agriculture Market Size & Forecast, 2018-2028
4.5.1 IoT Technology for Agriculture Market Size and Y-o-Y Growth
4.5.2 IoT Technology for Agriculture Market Absolute $ Opportunity
Chapter 5 Global IoT Technology for Agriculture Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT Technology for Agriculture Market Size Forecast by Type
5.2.1 Automation and Control Systems
5.2.2 Smart Equipment and Machinery
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Technology for Agriculture Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT Technology for Agriculture Market Size Forecast by Applications
6.2.1 Precision Farming
6.2.2 Agricultural Drones
6.2.3 Livestock Monitoring
6.2.4 Smart Greenhouses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Technology for Agriculture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT Technology for Agriculture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT Technology for Agriculture Analysis and Forecast
9.1 Introduction
9.2 North America IoT Technology for Agriculture Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT Technology for Agriculture Market Size Forecast by Type
9.6.1 Automation and Control Systems
9.6.2 Smart Equipment and Machinery
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT Technology for Agriculture Market Size Forecast by Applications
9.10.1 Precision Farming
9.10.2 Agricultural Drones
9.10.3 Livestock Monitoring
9.10.4 Smart Greenhouses
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT Technology for Agriculture Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Technology for Agriculture Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT Technology for Agriculture Market Size Forecast by Type
10.6.1 Automation and Control Systems
10.6.2 Smart Equipment and Machinery
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT Technology for Agriculture Market Size Forecast by Applications
10.10.1 Precision Farming
10.10.2 Agricultural Drones
10.10.3 Livestock Monitoring
10.10.4 Smart Greenhouses
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT Technology for Agriculture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Technology for Agriculture Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT Technology for Agriculture Market Size Forecast by Type
11.6.1 Automation and Control Systems
11.6.2 Smart Equipment and Machinery
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT Technology for Agriculture Market Size Forecast by Applications
11.10.1 Precision Farming
11.10.2 Agricultural Drones
11.10.3 Livestock Monitoring
11.10.4 Smart Greenhouses
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT Technology for Agriculture Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Technology for Agriculture Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT Technology for Agriculture Market Size Forecast by Type
12.6.1 Automation and Control Systems
12.6.2 Smart Equipment and Machinery
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT Technology for Agriculture Market Size Forecast by Applications
12.10.1 Precision Farming
12.10.2 Agricultural Drones
12.10.3 Livestock Monitoring
12.10.4 Smart Greenhouses
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT Technology for Agriculture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Technology for Agriculture Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT Technology for Agriculture Market Size Forecast by Type
13.6.1 Automation and Control Systems
13.6.2 Smart Equipment and Machinery
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT Technology for Agriculture Market Size Forecast by Applications
13.10.1 Precision Farming
13.10.2 Agricultural Drones
13.10.3 Livestock Monitoring
13.10.4 Smart Greenhouses
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT Technology for Agriculture Market: Competitive Dashboard
14.2 Global IoT Technology for Agriculture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Libelium
14.3.2 Semtech
14.3.3 John Deere
14.3.4 Raven Industries
14.3.5 AGCO
14.3.6 Ag Leader Technology
14.3.7 DICKEY-john
14.3.8 Auroras
14.3.9 Farmers Edge
14.3.10 Iteris
14.3.11 Trimble
14.3.12 Ag Leader Technology
14.3.13 DICKEY-john
