Smart Agriculture Market: Segmented: by Agriculture Type (Livestock Farming, Precision Farming, Precision Aquaculture, Smart Greenhouse, Precision Forestry and Others); by Farm Size (Small, Medium and Large); by Offerings (Hardware, Software and Services); by Application (Livestock Monitoring Application, Precision Farming Application, Precision Aquaculture Application, Smart Greenhouse Application, Precision Forestry Application, Yield Monitoring and Others); by Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Forecast To 2019-2030
Smart Agriculture Market: Segmented: by Agriculture Type (Livestock Farming, Precision Farming, Precision Aquaculture, Smart Greenhouse, Precision Forestry and Others); by Farm Size (Small, Medium and Large); by Offerings (Hardware, Software and Services); by Application (Livestock Monitoring Application, Precision Farming Application, Precision Aquaculture Application, Smart Greenhouse Application, Precision Forestry Application, Yield Monitoring and Others); by Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Forecast To 2019-2030
PRODUCT OVERVIEW
Smart Agriculture uses modern and innovative agricultural technologies to deliver better and more efficient crop management results, soil analysis, and the deployment of new crop cultivation and harvesting techniques. Using specific equipment such as the Internet of Thing models, sensors and actuators, geo-positioning systems, Big Data, Unmanned Aerial Vehicles (UAVs or drones), robotics and fertilizers, irrigation management, and so on, farmers can improve their production and harvest while reducing the time, energy and work needed for these tasks. Thanks to the alert management system, the quality of the crops is also dramatically increased. Smart agriculture helps and assists in evaluating and taking decisions to boost crop growth and production.
MARKET HIGHLIGHTS
Smart Agriculture Market is expected to project a CAGR of 8.16% during the forecast period, 2019-2030
Growth in the smart agriculture market is driven by factors such as increasing pressure on the food supply system due to the rapidly growing population, rising use of modern technologies in agricultural holdings, rising income levels and demand for protein-rich aqua-food, increasing focus of farmers on livestock monitoring and disease detection, and increasing emphasis on reducing management costs. Moreover, the growing adoption of advanced technologies such as the Internet of Things and Artificial Intelligence in agriculture, livestock management, and aqua-farming to improve the yield is boosting the overall growth of the smart agriculture market.
GLOBAL SMART AGRICULTURE MARKET: SEGMENTS
Precision Farming Market to grow at a CAGR of 13.6% during the forecast period
In 2019, precision farming reported the highest market share of over 49 percent based the form of agriculture. It is also projected to rise in the forecast period with the highest CAGR of about 13 percent. The growth in precision agriculture is due to its advantages. In precision farming, with the help of sensing and monitoring devices, the amount of fertilizers and water used to produce the crop is controlled. The exact amount of nutrients, pesticides, and water used in this type of farming is used to obtain maximum crop yield.
Hardware offerings are anticipated to be the fastest-growing over 2020-2030
The hardware segment is projected to have the largest share of demand for smart agriculture in 2020. The growing adoption of new technologies and modern smart agricultural devices during the forecast period is expected to drive the growth of the smart agricultural market for hardware offerings. Increased adoption of automation and control systems, such as GPS / GNSS receivers, irrigation controls, and guidance and steering systems has created a new approach to farming practices that stimulates market growth.
Yield Monitoring Application and feeding management to hold a significant share
Precision farming devices are commonly used in applications for yield monitoring; this technology thus had the largest market share in 2019. With the availability of a limited number of resources, precision farming tools are gaining tremendous popularity among farmers for yield monitoring applications because of the increasing need for optimum crop production. Due to the growing demand for automatic feeding systems and dry feeding systems, the applications for feeding management are expected to continue to account for the largest size of the livestock monitoring market during the forecast period.
MARKET DYNAMICS
Drivers
Increasing Population
RESTRAINTS
High Procurement Cost
GLOBAL SMART AGRICULTURE MARKET:
Key Players
Smart Agriculture Market by segment
PRODUCT OVERVIEW
Smart Agriculture uses modern and innovative agricultural technologies to deliver better and more efficient crop management results, soil analysis, and the deployment of new crop cultivation and harvesting techniques. Using specific equipment such as the Internet of Thing models, sensors and actuators, geo-positioning systems, Big Data, Unmanned Aerial Vehicles (UAVs or drones), robotics and fertilizers, irrigation management, and so on, farmers can improve their production and harvest while reducing the time, energy and work needed for these tasks. Thanks to the alert management system, the quality of the crops is also dramatically increased. Smart agriculture helps and assists in evaluating and taking decisions to boost crop growth and production.
MARKET HIGHLIGHTS
Smart Agriculture Market is expected to project a CAGR of 8.16% during the forecast period, 2019-2030
Growth in the smart agriculture market is driven by factors such as increasing pressure on the food supply system due to the rapidly growing population, rising use of modern technologies in agricultural holdings, rising income levels and demand for protein-rich aqua-food, increasing focus of farmers on livestock monitoring and disease detection, and increasing emphasis on reducing management costs. Moreover, the growing adoption of advanced technologies such as the Internet of Things and Artificial Intelligence in agriculture, livestock management, and aqua-farming to improve the yield is boosting the overall growth of the smart agriculture market.
GLOBAL SMART AGRICULTURE MARKET: SEGMENTS
Precision Farming Market to grow at a CAGR of 13.6% during the forecast period
In 2019, precision farming reported the highest market share of over 49 percent based the form of agriculture. It is also projected to rise in the forecast period with the highest CAGR of about 13 percent. The growth in precision agriculture is due to its advantages. In precision farming, with the help of sensing and monitoring devices, the amount of fertilizers and water used to produce the crop is controlled. The exact amount of nutrients, pesticides, and water used in this type of farming is used to obtain maximum crop yield.
Hardware offerings are anticipated to be the fastest-growing over 2020-2030
The hardware segment is projected to have the largest share of demand for smart agriculture in 2020. The growing adoption of new technologies and modern smart agricultural devices during the forecast period is expected to drive the growth of the smart agricultural market for hardware offerings. Increased adoption of automation and control systems, such as GPS / GNSS receivers, irrigation controls, and guidance and steering systems has created a new approach to farming practices that stimulates market growth.
Yield Monitoring Application and feeding management to hold a significant share
Precision farming devices are commonly used in applications for yield monitoring; this technology thus had the largest market share in 2019. With the availability of a limited number of resources, precision farming tools are gaining tremendous popularity among farmers for yield monitoring applications because of the increasing need for optimum crop production. Due to the growing demand for automatic feeding systems and dry feeding systems, the applications for feeding management are expected to continue to account for the largest size of the livestock monitoring market during the forecast period.
MARKET DYNAMICS
Drivers
Increasing Population
RESTRAINTS
High Procurement Cost
GLOBAL SMART AGRICULTURE MARKET:
Key Players
- Trimble Inc
- Topcon Positioning Systems
- Deere & Company
- DeLaval
- Heliospectra
- AKVA group
- InnovaSea System
- AgJunction
- The Climate Corporation
- Others
Smart Agriculture Market by segment
- By Agriculture type
- Livestock Farming
- Precision Farming
- Precision Aquaculture
- Smart Greenhouse
- Precision Forestry
- Others
- By application/ end-use industry
- Livestock Monitoring Application
- Yield Monitoring Application
- Precision Farming Application
- Precision Aquaculture Application
- Smart Greenhouse Application
- Precision Forestry Application
- Others
- By Farm Size
- Small
- Medium
- Large
- By Offering
- Hardware
- Software
- Services
- By Region
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East and Africa
- Global Smart Agriculture Market Size
- Global Smart Agriculture Market Dynamics
- Supply and Demand
- Current Issues/trends/challenges
- Competition and Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
2. SMART AGRICULTURE
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. SMART AGRICULTURE INDUSTRY ANALYSIS
8.1. Porter Five Forces
8.1.1. The Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL SMART AGRICULTURE MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
9.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL SMART AGRICULTURE: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
10.1.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
10.1.2.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
10.1.3.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
10.1.4.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. The Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
10.1.5.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Agriculture Type: Market Share (2020-2030F)
10.2.1. Livestock Farming, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Precision Farming, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Precision Aquaculture, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.4. Smart Greenhouse, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.5. Precision Forestry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Farm Size: Market Share (2020-2030F)
10.3.1. Small, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Medium, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Large, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Offerings: Market Share (2020-2030F)
10.4.1. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.3. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Application: Market Share (2020-2030F)
10.5.1. Livestock Monitoring Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Precision Farming Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.3. Precision Aquaculture Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.4. Smart Greenhouse Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.5. Precision Forestry Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.6. Yield Monitoring, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.7. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Trimble Inc.
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Topcon Positioning Systems
11.3. Deere & Company
11.4. De Laval
11.5. Heliospectra
11.6. AKVA Group
11.7. Innova Sea System
11.8. AG Junction
11.9. The Climate Corporation
11.10. Others
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. SMART AGRICULTURE
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. SMART AGRICULTURE INDUSTRY ANALYSIS
8.1. Porter Five Forces
8.1.1. The Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL SMART AGRICULTURE MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
9.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL SMART AGRICULTURE: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
10.1.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
10.1.2.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
10.1.3.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
10.1.4.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. The Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
10.1.5.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Agriculture Type: Market Share (2020-2030F)
10.2.1. Livestock Farming, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Precision Farming, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Precision Aquaculture, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.4. Smart Greenhouse, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.5. Precision Forestry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Farm Size: Market Share (2020-2030F)
10.3.1. Small, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Medium, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Large, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Offerings: Market Share (2020-2030F)
10.4.1. Hardware, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Software, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.3. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Application: Market Share (2020-2030F)
10.5.1. Livestock Monitoring Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Precision Farming Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.3. Precision Aquaculture Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.4. Smart Greenhouse Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.5. Precision Forestry Application, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.6. Yield Monitoring, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.7. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Trimble Inc.
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Topcon Positioning Systems
11.3. Deere & Company
11.4. De Laval
11.5. Heliospectra
11.6. AKVA Group
11.7. Innova Sea System
11.8. AG Junction
11.9. The Climate Corporation
11.10. Others
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
