Market Overview:
The global smart agriculture market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food due to the growing population, and the need for precision farming techniques to improve agricultural productivity. The hardware segment is expected to account for the largest share of the global smart agriculture market in 2018, followed by software and services. By application, precision farming is expected to account for the largest share of the global smart agriculture market in 2018, followed by livestock monitoring, fish farming, and smart greenhouse.
Product Definition:
Smart Agriculture is the application of digital technologies to farming and agri-business. It includes precision farming, remote sensing, big data management, and agricultural information systems. Smart Agriculture aims to make better use of inputs such as water, fertilizer, seed varieties and pesticides; reduce wastage; optimize land usage; increase yields; improve quality control; and enhance traceability. The benefits of Smart Agriculture include increased food production while reducing environmental impact, improved livelihoods for farmers, enhanced market access for farmers' produce and reduced post-harvest losses.
Hardware (GPS, Drones, Sensors, LED Grow Lights):
Hardware is the part of a system that includes GPS, drones, sensors and LED grow lights. The hardware has been used extensively in traditional agriculture but now it's being used for automating the entire process including monitoring and crop management.
The use of hardware in smart agriculture is increasing rapidly as it helps to increase crop yield with minimum environmental damage.
Software:
Software is the collection of tools and techniques that are used to carry out a specific task or series of tasks. In the case of smart agriculture, it refers to computer software that is used for monitoring and controlling various processes in agricultural production. The primary functions performed by such software include data capture, analysis, decision support, automation (if required), and data management (for future reference).
Application Insights:
The precision farming segment dominated the global smart agriculture market in 2017 and is expected to continue leading over the forecast period. Precision farming uses a wide range of technologies such as GIS, big data analytics, and IoT for managing farmlands more effectively. The application of these technologies helps farmers make better decisions regarding soil management, crop selection & cultivation techniques etc., which ultimately leads to increased yield.
Precision agriculture has helped reduce the input costs associated with farming significantly by enabling effective use of resources like water and fertilizer among others. It also helps farmers earn higher margins by increasing their productivity while reducing their overall expenditure on operations like labor cost or machinery maintenance etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in smart agriculture technology and favorable government initiatives across countries such as U.S., Canada, and Mexico that are encouraging farmers to adopt these technologies on a large scale for better results.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of IoT-based solutions by various industries including agriculture, energy & utilities, water management among others for improving operational efficiency and gaining insights into complex systems.
Growth Factors:
- Increasing demand for food due to population growth
- Rising income levels of consumers in developing countries
- Urbanization and the consequent shift in dietary patterns towards processed foods
- Proliferation of supermarkets and modern retail formats that are promoting packaged foods and fresh produce
- Technological advancements in agricultural production that are helping farmers to be more efficient and productive
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Agriculture Market Research Report
By Type
Hardware (GPS, Drones, Sensors, LED Grow Lights), Software, Services
By Application
Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse
By Companies
Deere, Trimble, Raven Industries, Agjunction, Agco, Climate, AG Leader Technology, Precision Planting, SST Development Group, Topcon Positioning Systems, Semiosbio Technologies, Delaval, Boumatic
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Smart Agriculture Market Report Segments:
The global Smart Agriculture market is segmented on the basis of:
Types
Hardware (GPS, Drones, Sensors, LED Grow Lights), Software, Services
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, Livestock Monitoring, Fish Farming, Smart Greenhouse
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:
- Deere
- Trimble
- Raven Industries
- Agjunction
- Agco
- Climate
- AG Leader Technology
- Precision Planting
- SST Development Group
- Topcon Positioning Systems
- Semiosbio Technologies
- Delaval
- Boumatic
Highlights of The Smart 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:
- Hardware (GPS, Drones, Sensors, LED Grow Lights)
- Software
- Services
- By Application:
- Precision Farming
- Livestock Monitoring
- Fish Farming
- Smart Greenhouse
- 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 Smart 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?
Smart agriculture is a term used to describe the use of technology in order to improve agricultural production. This can include things like using sensors to monitor crop health, using GPS tracking systems to track the movement of livestock, and using software algorithms to optimize planting and harvesting schedules.
Some of the major companies in the smart agriculture market are Deere, Trimble, Raven Industries, Agjunction, Agco, Climate, AG Leader Technology, Precision Planting, SST Development Group, Topcon Positioning Systems, Semiosbio Technologies, Delaval, Boumatic.
The smart agriculture market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Agriculture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Agriculture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Agriculture Market - Supply Chain
4.5. Global Smart Agriculture Market Forecast
4.5.1. Smart Agriculture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Agriculture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Agriculture Market Absolute $ Opportunity
5. Global Smart Agriculture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Agriculture Market Size and Volume Forecast by Type
5.3.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
5.3.2. Software
5.3.3. Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Agriculture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Agriculture Market Size and Volume Forecast by Application
6.3.1. Precision Farming
6.3.2. Livestock Monitoring
6.3.3. Fish Farming
6.3.4. Smart Greenhouse
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Agriculture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Agriculture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Agriculture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Agriculture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Agriculture Demand Share Forecast, 2019-2026
9. North America Smart Agriculture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Agriculture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Agriculture Market Size and Volume Forecast by Application
9.4.1. Precision Farming
9.4.2. Livestock Monitoring
9.4.3. Fish Farming
9.4.4. Smart Greenhouse
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Agriculture Market Size and Volume Forecast by Type
9.7.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
9.7.2. Software
9.7.3. Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Agriculture Demand Share Forecast, 2019-2026
10. Latin America Smart Agriculture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Agriculture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Agriculture Market Size and Volume Forecast by Application
10.4.1. Precision Farming
10.4.2. Livestock Monitoring
10.4.3. Fish Farming
10.4.4. Smart Greenhouse
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Agriculture Market Size and Volume Forecast by Type
10.7.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
10.7.2. Software
10.7.3. Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Agriculture Demand Share Forecast, 2019-2026
11. Europe Smart Agriculture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Agriculture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Agriculture Market Size and Volume Forecast by Application
11.4.1. Precision Farming
11.4.2. Livestock Monitoring
11.4.3. Fish Farming
11.4.4. Smart Greenhouse
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Agriculture Market Size and Volume Forecast by Type
11.7.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
11.7.2. Software
11.7.3. Services
11.8. Basis Point Share (BPS) Analysis b Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Agriculture Demand Share, 2019-2026
12. Asia Pacific Smart Agriculture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Agriculture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Agriculture Market Size and Volume Forecast by Application
12.4.1. Precision Farming
12.4.2. Livestock Monitoring
12.4.3. Fish Farming
12.4.4. Smart Greenhouse
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Agriculture Market Size and Volume Forecast by Type
12.7.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
12.7.2. Software
12.7.3. Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Agriculture Demand Share, 2019-2026
13. Middle East & Africa Smart Agriculture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Agriculture Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Agriculture Market Size and Volume Forecast by Application
13.4.1. Precision Farming
13.4.2. Livestock Monitoring
13.4.3. Fish Farming
13.4.4. Smart Greenhouse
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Agriculture Market Size and Volume Forecast by Type
13.7.1. Hardware (GPS, Drones, Sensors, LED Grow Lights)
13.7.2. Software
13.7.3. Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Agriculture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Agriculture Market: Market Share Analysis
14.2. Smart Agriculture Distributors and Customers
14.3. Smart Agriculture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deere
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Trimble
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Raven Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Agjunction
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Agco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Climate
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AG Leader Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Precision Planting
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SST Development Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Topcon Positioning Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Semiosbio Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Delaval
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Boumatic
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
