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Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2022

  • ID: 4143579
  • Report
  • March 2017
  • Region: Global
  • 212 Pages
  • Markets and Markets
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The Smart Agriculture Market is Expected to Grow from USD 5.18 Billion in 2016 to USD 11.23 Billion by 2022, at a CAGR of 13.27% Between 2017 and 2022

FEATURED COMPANIES

  • AG Leader Technology
  • Agjunction, Inc.
  • Boumatic LLC.
  • Delaval Corporation
  • Farmeron
  • Grownetics Inc.
  • MORE

“Increasing application of technologies in agriculture and government’s support to adopt modern agricultural techniques to drive the growth of the smart agriculture market”

The smart agriculture market is expected to grow from USD 5.18 billion in 2016 to USD 11.23 billion by 2022, at a CAGR of 13.27% between 2017 and 2022. Smart agriculture involves technology-driven information analysis of data acquired from the fields and the application of inputs according to the data analysis for increasing crop productivity. It includes the use of modern technologies of farming that help in improving the quality of food and increasing the yield of farms. The major restraining factors for the growth of the smart agriculture market include the high initial investments and the lack of technical awareness among the growers.

“Precision farming applications held the largest share of the smart agriculture market in 2016”

Smart agriculture tools are most widely used in precision farming as they play a vital role in improving farm efficiency and help growers in maximizing their crop yields. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps to identify different soil parameters to maintain the nutrient level of the soil.

“Smart agriculture market in APAC to grow at a significant rate between 2016 and 2022”

APAC is one of the prospective markets for smart agriculture. This region has large farmlands and is witnessing a high population growth rate. APAC also has a huge regional spread, which comprises China, Japan, India, Australia, and South Korea, among others. The smart agriculture market in APAC is in an early stage of adoption life cycle and is expected to grow at a double digit rate between 2017 and 2022. In APAC, countries specifically India, Australia, China, and Japan are, currently, witnessing the high growth rate and hold a major share of the smart agriculture market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with the key experts.

The breakup of the profiles of primary participants is as follows:

  • By Company Type: Tier 1 - 55 %, Tier 2 - 20%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 75% and Managers - 25%
  • By Geography: Americas - 40%, Europe - 30%, APAC - 20%, and RoW - 10%

The companies that provide a range of customized solutions to customers are expected to emerge as the game changers.

The key players in the smart agriculture market profiled in the report are as follows:

  • Deere & Company (U.S.)
  • Trimble, Inc. (U.S.)
  • Raven Industries, Inc. (U.S.)
  • AgJunction, Inc. (U.S.)
  • AGCO Corporation (U.S.)
  • The Climate Corporation (U.S.)
  • AG Leader Technology (U.S.)
  • Precision Planting, Inc. (U.S.)
  • SST Development Group, Inc. (U.S.)
  • Topcon Positioning Systems, Inc. (U.S.)
  • Semiosbio Technologies, Inc. (Canada)
  • DeLaval Corporation (Sweden)
  • GEA Group AG (Germany)
  • BouMatic, LLC. (U.S.)

Research Coverage:

This report covers the smart agriculture market based on agriculture type, offering, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the smart agriculture market.

Key Benefits of Buying the Report

The report would help the market leaders or new entrants in the following ways:

  • This report segments the overall market comprehensively and provides the closest approximations of the global smart agriculture market size and that of the subsegments across different applications and regions.
  • The report would help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities in the smart agriculture market.
  • This report would help stakeholders better understand their competitors and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions related to the smart agriculture market.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AG Leader Technology
  • Agjunction, Inc.
  • Boumatic LLC.
  • Delaval Corporation
  • Farmeron
  • Grownetics Inc.
  • MORE

1 Introduction
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Smart Agriculture Market
    4.2 Smart Agriculture Market in APAC, By Offering and Country
    4.3 Smart Agriculture Market, By Offering
    4.4 Smart Agriculture Market in the Americas, By Agriculture Type
    4.5 Smart Agriculture Market, By Country (2017-2022)

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Agriculture Type
           5.2.2 By Offering
           5.2.3 By Application
    5.3 Market Evolution
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Implementation of Technologies in Agriculture
                    5.4.1.2 Increasing Need of Monitoring the Performance and Health of Livestock
                    5.4.1.3 Governments’ Support to Adopt Modern Agricultural Techniques
                    5.4.1.4 Increasing Demand for Food Worldwide
           5.4.2 Restraints
                    5.4.2.1 Overall Fragmented Agriculture Industry
                    5.4.2.2 Lack of Involvement of Connectivity Service Providers in the Agricultural M2M Market
                    5.4.2.3 High Initial Investments
           5.4.3 Opportunities
                    5.4.3.1 Uninterrupted Internet Supply for the Efficient Working of Connected Technologies
                    5.4.3.2 Integration of Smartphones With Agriculture Hardware and Software Applications
           5.4.4 Challenges
                    5.4.4.1 Data Management in Smart Agriculture
                    5.4.4.2 Lack of Standardization in the Smart Agriculture Industry
           5.4.5 Burning Issues
                    5.4.5.1 Protection of the Environment With the Help of Smart Agriculture Techniques

6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Major Stakeholders in the Smart Agriculture Market
    6.3 Key Industry Trends
           6.3.1 Internet of Things (IoT) Shaping Smart Agricultural Techniques
           6.3.2 Increasing Use of M2M Solutions in Agriculture
    6.4 Porter’s Five Forces Analysis
           6.4.1 Intensity of Competitive Rivalry
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Threat of New Entrants

7 Smart Agriculture Market, By Agriculture Type
    7.1 Introduction
    7.2 Precision Farming
    7.3 Livestock Monitoring
    7.4 Fish Farming
    7.5 Smart Greenhouse
    7.6 Others (Orchid, Forestry, and Horticulture)

8 Smart Agriculture Market, By Offering
    8.1 Introduction
    8.2 Hardware
           8.2.1 Hardware for Precision Farming
                    8.2.1.1 Automation and Control Systems
                               8.2.1.1.1 Displays
                               8.2.1.1.2 Guidance and Steering
                               8.2.1.1.3 GPS/GNSS Systems
                               8.2.1.1.4 Drones/Uavs
                               8.2.1.1.5 Handheld Mobile Devices/Handheld Computers
                               8.2.1.1.6 Flow and Application Control Devices
                               8.2.1.1.7 Others
                    8.2.1.2 Sensing and Monitoring Devices
                               8.2.1.2.1 Yield Monitors
                               8.2.1.2.2 Soil Sensors
                               8.2.1.2.3 Water Sensors
                               8.2.1.2.4 Climate Sensors
                               8.2.1.2.5 Others
           8.2.2 Hardware for Livestock Monitoring
                    8.2.2.1 Rfid Tags and Readers
                    8.2.2.2 Sensors
                    8.2.2.3 Transmitters and Mounting Equipment
                    8.2.2.4 GPS
                    8.2.2.5 Others
           8.2.3 Hardware for Fish Farming
                    8.2.3.1 GPS/GNSS
                    8.2.3.2 Sensors
                    8.2.3.3 Others
           8.2.4 Hardware for Smart Greenhouse
                    8.2.4.1 Hvac Systems
                    8.2.4.2 Led Grow Lights
                    8.2.4.3 Sensors
                    8.2.4.4 Others
           8.2.5 Hardware for Others Market
    8.3 Software
           8.3.1 Local/Web Based
           8.3.2 Cloud Based
                    8.3.2.1 Software as A Service (SaaS)
                    8.3.2.2 Platform as A Service (PaaS)
    8.4 Services
           8.4.1 System Integration and Consulting
           8.4.2 Managed Services
                    8.4.2.1 Farm Operation Services
                    8.4.2.2 Data Services
                    8.4.2.3 Analytics
           8.4.3 Connectivity Services
           8.4.4 Assisted Professional Services
                    8.4.4.1 Supply Chain Management Services
                    8.4.4.2 Climate Information Services
                    8.4.4.3 Others
           8.4.5 Maintenance and Support

9 Smart Agriculture Market, By Application
    9.1 Introduction
    9.2 Precision Farming Applications
           9.2.1 Yield Monitoring
           9.2.2 Field Mapping
           9.2.3 Crop Scouting
           9.2.4 Weather Tracking & Forecasting
           9.2.5 Irrigation Management
           9.2.6 Inventory Management
           9.2.7 Farm Labor Management
           9.2.8 Financial Management
           9.2.9 Others
    9.3 Livestock Monitoring Applications
           9.3.1 Feeding Management
           9.3.2 Heat Stress Management
           9.3.3 Milk Harvesting
           9.3.4 Breeding Management
           9.3.5 Animal Comfort Management
           9.3.6 Behavior Monitoring & Management
           9.3.7 Others
    9.4 Fish Farming Applications
           9.4.1 Fish Tracking & Fleet Navigation
           9.4.2 Feeding Management
           9.4.3 Water Quality Management
           9.4.4 Others (River Mapping, Site Survey, and Breeding Management)
    9.5 Smart Greenhouse Applications
           9.5.1 Hvac Management
           9.5.2 Yield Monitoring
           9.5.3 Water & Fertilizer Management
    9.6 Others (Orchid, Forestry, and Horticulture)

10 Geographic Analysis
     10.1 Introduction
     10.2 Americas
             10.2.1 North America
                        10.2.1.1 U.S.
                        10.2.1.2 Canada
                        10.2.1.3 Mexico
             10.2.2 South America
                        10.2.2.1 Brazil
                        10.2.2.2 Argentina
                        10.2.2.3 Rest of South America
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Netherlands
             10.3.6 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 Australia
             10.4.4 India
             10.4.5 South Korea
             10.4.6 Rest of APAC
     10.5 Rest of World
             10.5.1 Africa
             10.5.2 Middle East
             10.5.3 Russia

11 Competitive Landscape
     11.1 Overview
     11.2 Market Ranking Analysis for the Smart Agriculture Market, 2016
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Agreements, Partnerships, and Contracts
             11.3.3 Mergers and Acquisitions

12 Company Profiles
     12.1 Introduction
     12.2 Deere & Company
     12.3 Trimble, Inc.
     12.4 Raven Industries
     12.5 Agjunction, Inc.
     12.6 Agco Corporation
     12.7 The Climate Corporation
     12.8 AG Leader Technology
     12.9 Precision Planting, Inc.
     12.10 Sst Development Group, Inc.
     12.11 Topcon Positioning Systems, Inc.
     12.12 Semiosbio Technologies Inc.
     12.13 Delaval Corporation
     12.14 GEA Group AG
     12.15 Boumatic LLC.
     12.16 Key Innovators
             12.16.1 Farmeron
             12.16.2 Aururas S.R.L
             12.16.3 Grownetics Inc.
             12.16.4 Farmer at Hand

List of Tables
Table 1 Porter’s Five Forces Analysis: Smart Agriculture Market in 2016
Table 2 Smart Agriculture Market, By Agriculture Type, 2014-2022 (USD Million)
Table 3 Precision Farming Market, By Offering, 2014-2022 (USD Million)
Table 4 Precision Farming Market, By Region, 2014-2022 (USD Million)
Table 5 Livestock Monitoring Market, By Offering, 2014-2022 (USD Million)
Table 6 Livestock Monitoring Market, By Region, 2014-2022 (USD Million)
Table 7 Fish Farming Market, By Offering, 2014-2022 (USD Million)
Table 8 Fish Farming Market, By Region, 2014-2022 (USD Million)
Table 9 Smart Greenhouse Market, By Offering, 2014-2022 (USD Million)
Table 10 Smart Greenhouse Market, By Region, 2014-2022 (USD Million)
Table 11 Other Agriculture Types Market, By Offering, 2014-2022 (USD Million)
Table 12 Other Agriculture Types Market, By Region, 2014-2022 (USD Million)
Table 13 Smart Agriculture Market, By Offering, 2014-2022 (USD Million)
Table 14 Smart Agriculture Market for Hardware, By Region, 2014-2022 (USD Million)
Table 15 Precision Farming Hardware Market, By Geography, 2014-2022 (USD Million)
Table 16 Precision Farming Market, By Hardware Device, 2014-2022 (USD Million)
Table 17 Precision Farming Market for Automation and Control Systems, By Device Type, 2014-2022 (USD Million)
Table 18 Precision Farming Market for Automation and Control Systems, By Region, 2014-2022 (USD Million)
Table 19 Precision Farming Market for Sensing and Monitoring Devices, By Device Type, 2014-2022 (USD Million)
Table 20 Precision Farming Market for Sensing and Monitoring Devices, By Region, 2014-2022 (USD Million)
Table 21 Livestock Monitoring Market for Hardware, By Device Type, 2014-2022 (USD Million)
Table 22 Livestock Monitoring Market for Hardware, By Region, 2014-2022 (USD Million)
Table 23 Fish Farming Market for Hardware, By Device Type, 2014-2022 (USD Million)
Table 24 Fish Farming Market for Hardware, By Region, 2014-2022 (USD Million)
Table 25 Smart Greenhouse Market for Hardware, By Device Type, 2014-2022 (USD Million)
Table 26 Smart Greenhouse Market for Hardware, By Region, 2014-2022 (USD Million)
Table 27 Smart Agriculture Market for Software, By Deployment Type, 2014-2022 (USD Million)
Table 28 Precision Farming Market for Software, By Deployment Type, 2014-2022 (USD Million)
Table 29 Livestock Monitoring Market for Software, By Deployment Type, 2014-2022 (USD Million)
Table 30 Smart Agriculture Market for Software, By Region, 2014-2022 (USD Million)
Table 31 Smart Agriculture Market for Cloud-Based Software, By Type, 2014-2022 (USD Million)
Table 32 Precision Farming Market for Cloud-Based Software, By Type, 2014-2022 (USD Million)
Table 33 Smart Agriculture Market, By Service, 2014-2022 (USD Million)
Table 34 Smart Agriculture Market for Precision Farming, By Service, 2014-2022 (USD Million)
Table 35 Livestock Monitoring Market, By Service, 2014-2022 (USD Million)
Table 36 Smart Agriculture Market for Managed Services, By Service Type, 2014-2022 (USD Million)
Table 37 Smart Agriculture Market for Services, By Region, 2014-2022 (USD Million)
Table 38 Smart Agriculture Market, By Application, 2014-2022 (USD Million)
Table 39 Precision Farming Market, By Application, 2014-2022 (USD Million)
Table 40 Livestock Monitoring Market, By Application, 2014-2022 (USD Million)
Table 41 Fish Farming Market, By Application, 2014-2022 (USD Million)
Table 42 Smart Greenhouse Market, By Application, 2014-2022 (USD Million)
Table 43 Smart Agriculture Market, By Region, 2014-2022 (USD Million)
Table 44 Smart Agriculture Market in the Americas, By Offering, 2014-2022 (USD Million)
Table 45 Smart Agriculture Market in the Americas, By Agriculture Type, 2014-2022 (USD Million)
Table 46 Smart Agriculture Market in the Americas, By Region, 2014-2022 (USD Million)
Table 47 Smart Agriculture Market in North America, By Offering, 2014-2022 (USD Million)
Table 48 Smart Agriculture Market in North America, By Agriculture Type, 2014-2022 (USD Million)
Table 49 Smart Agriculture Market in North America, By Country, 2014-2022 (USD Million)
Table 50 Smart Agriculture Market in South America, By Offering, 2014-2022 (USD Million)
Table 51 Smart Agriculture Market in South America, By Agriculture Type, 2014-2022 (USD Million)
Table 52 Smart Agriculture Market in South America, By Country/Region, 2014-2022 (USD Million)
Table 53 Smart Agriculture Market in Europe, By Offering, 2014-2022 (USD Million)
Table 54 Smart Agriculture Market in Europe, By Agriculture Type, 2014-2022 (USD Million)
Table 55 Smart Agriculture Market in Europe, By Country/Region, 2014-2022 (USD Million)
Table 56 Smart Agriculture Market in APAC, By Offering, 2014-2022 (USD Million)
Table 57 Smart Agriculture Market in APAC, By Agriculture Type, 2014-2022 (USD Million)
Table 58 Smart Agriculture Market in APAC, By Country/Region, 2014-2022 (USD Million)
Table 59 Smart Agriculture Market in RoW, By Offering, 2014-2022 (USD Million)
Table 60 Smart Agriculture Market in RoW, By Agriculture Type, 2014-2022 (USD Million)
Table 61 Smart Agriculture Market in RoW, By Country/Region, 2014-2022 (USD Million)
Table 62 Market Ranking of the Top 5 Players in the Smart Agriculture Market, 2016
Table 63 New Product Launches and Developments, 2013-2016
Table 64 Agreements, Partnerships, and Contracts, 2014-2016
Table 65 Merger and Acquisitions, 2014-2016

List of Figures
Figure 1 Smart Agriculture Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Precision Farming to Hold the Largest Size of the Overall Smart Agriculture Market By 2022
Figure 6 Smart Agriculture Market for Cloud-Based Software to Grow at A Higher Rate Between 2017 and 2022
Figure 7 Smart Agriculture Market for Connectivity Services to Grow at the Highest Rate Between 2017 and 2022
Figure 8 The Americas Held A Major Share of the Smart Agriculture Market in 2016
Figure 9 Increasing Application of Technology in Agriculture is Expected to Create New Opportunities in the Smart Agriculture Market
Figure 10 Australia Held the Largest Share of the Smart Agriculture Market in APAC in 2016
Figure 11 Smart Agriculture Market for Services to Grow at the Highest Rate Between 2017 and 2022
Figure 12 Precision Farming Held the Largest Size of the Smart Agriculture Market in the Americas in 2016
Figure 13 U.S. Held the Largest Share of the Smart Agriculture Market in 2016
Figure 14 Evolution of Smart Agriculture
Figure 15 Smart Agriculture Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 World Food Consumption in Kcal/Person/Day By 2030
Figure 17 Factors Responsible for Not Using Smart Agriculture Techniques in the U.K., 2012
Figure 18 Global Mobile Subscriber Base, 2009-2016 (USD Million)
Figure 19 Value Chain Analysis: Smart Agriculture Market
Figure 20 Major Players in the Value Chain
Figure 21 Increasing Use of M2M Solutions in Agriculture - The Leading Trend Among Key Market Players
Figure 22 Porter’s Five Forces Analysis, 2016
Figure 23 Smart Agriculture Market: Porter’s Five Forces Analysis, 2016
Figure 24 High Impact of the Intensity of Competitive Rivalry on the Smart Agriculture Market
Figure 25 Low Impact of the Threat of Substitutes on the Smart Agriculture Market
Figure 26 Medium Impact of the Bargaining Power of Buyers on the Smart Agriculture Market
Figure 27 Medium Impact of the Bargaining Power of Suppliers on the Smart Agriculture Market
Figure 28 High Impact of the Threat of New Entrants on the Smart Agriculture Market
Figure 29 Smart Agriculture Market, By Agriculture Type
Figure 30 Precision Farming to Hold the Largest Size of the Smart Agriculture Market By 2022
Figure 31 Market for Precision Farming in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 32 Market for Livestock Monitoring in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 33 Market for Fish Farming in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 34 Europe Expected to Hold the Largest Size of the Market for Smart Greenhouse By 2022
Figure 35 Smart Agriculture Market, By Offering
Figure 36 Smart Agriculture Market for Services to Grow at the Highest Rate Between 2017 and 2022
Figure 37 Market for Drones/UAVS to Grow at the Highest Rate Between 2017 and 2022
Figure 38 Yield Monitors is Expected to Hold the Largest Share of the Market for Precision Farming for Sensing and Monitoring Devices in 2017
Figure 39 Market for Livestock Monitoring for GPS to Grow at the Highest Rate Between 2017 and 2022
Figure 40 GPS/GNSS is Expected to Hold the Largest Share of the Market for Fish Farming for Hardware in 2017
Figure 41 Market for Led Grow Lights to Grow at the Highest Rate Between 2017 and 2022
Figure 42 Local/Web-Based Software Held the Largest Share of the Smart Agriculture Market for Software in 2016
Figure 43 Smart Agriculture Market for Software in APAC to Grow at the Highest Rate Between 2017 and 2022
Figure 44 Market for Connectivity Services to Grow at the Highest Rate Between 2017 and 2022
Figure 45 The Americas to Hold the Largest Share of the Smart Agriculture Market for Services By 2022
Figure 46 Smart Agriculture Market, By Application
Figure 47 Market for Weather Tracking & Forecasting Applications to Grow at the Highest Rate Between 2017 and 2022
Figure 48 Market for Feeding Management Applications to Grow at the Highest Rate Between 2017 and 2022
Figure 49 Fish Tracking and Fleet Navigation Applications to Hold the Largest Size of the Market for Fish Farming Applications Between 2017 and 2022
Figure 50 Market for Yield Monitoring Applications to Grow at the Highest Rate Between 2017 and 2022
Figure 51 Smart Agriculture Market, By Geography
Figure 52 Countries in the APAC Region is Expected to Grow at the Highest Rate During the Forecast Period
Figure 53 The Americas: Smart Agriculture Market Snapshot
Figure 54 U.S. Expected to Hold the Largest Share of the Smart Agriculture Market in North America in 2017
Figure 55 Smart Agriculture Market in Argentina to Grow at the Highest Rate Between 2017 and 2022
Figure 56 Europe: Smart Agriculture Market Snapshot
Figure 57 Germany to Hold the Largest Share of the Smart Agriculture Market in Europe in 2017
Figure 58 Asia Pacific: Smart Agriculture Market Snapshot
Figure 59 Smart Agriculture Market in China to Grow at the Highest Rate Between 2017 and 2022
Figure 60 Russia to Hold the Largest Share of the Smart Agriculture Market in RoW in 2017
Figure 61 New Product Launches: Key Strategies Adopted By the Key Players Between 2013 and 2016
Figure 62 Smart Agriculture Market Evaluation Framework
Figure 63 Battle for Market Share: New Product Launches Emerged as the Key Strategy
Figure 64 Geographic Revenue Mix of Major Market Players
Figure 65 Deere & Company: Company Snapshot
Figure 66 Deere & Company: SWOT Analysis
Figure 67 Trimble, Inc.: Company Snapshot
Figure 68 Trimble, Inc.: SWOT Analysis
Figure 69 Raven Industries: Company Snapshot
Figure 70 Raven Industries: SWOT Analysis
Figure 71 Agjunction, Inc.: Company Snapshot
Figure 72 Agjunction, Inc.: SWOT Analysis
Figure 73 Agco Corporation: Company Snapshot
Figure 74 Agco Corporation: SWOT Analysis
Figure 75 Delaval Corporation: Company Snapshot
Figure 76 GEA Group AG: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AG Leader Technology
  • Agjunction, Inc.
  • Boumatic LLC.
  • Delaval Corporation
  • Farmeron
  • Grownetics Inc.
  • MORE

According to forecasts, the smart agriculture market, in terms of value, is expected to grow from USD 5.18 Billion in 2016 to USD 11.23 Billion by 2022, at a CAGR of 13.27% between 2017 and 2022. The major drivers for the smart griculture market include increasing application of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide.

This report covers the smart agriculture market on the basis of agriculture type, offering, application, and geography. Precision farming applications are expected to hold a major share of the smart agriculture market between 2017 and 2022.

Smart agriculture tools are most widely used in precision farming as they play a vital role in improving farm efficiency and help growers in maximizing their crop yields. Yield monitoring is a major application of precision farming used to identify the field variability information, which includes weather conditions, soil properties, and fertilizers. Soil monitoring is a major application of yield monitoring, which helps to identify different soil parameters to maintain the nutrient level of the soil.

The market for drones/unmanned aerial vehicles (UAVs) is expected to grow at a significant rate between 2017 and 2022. The increasing adoption of drones by farmers, owing to their ease of use and affordability, is the major reason behind the high growth of this market. Moreover, several smart agriculture service providers are offering drones as part of their services, thereby driving the growth of the smart agriculture market for drones/UAVs.

The smart agriculture market for connectivity services is expected to grow at a high rate between 2017 and 2022. The smart agriculture market, on the basis of services, has been segmented into system integration & consulting services, managed services, connectivity services, assisted professional services, and maintenance and support services. The adoption rate of connectivity services is expected to be high compared to other services as in case of these services, information about crops, animal health, as well as about tractor guidance, among others, is collected at a device level and is transmitted through a network channel. The network channel is usually provided by the connectivity service providers that deliver proper connectivity between the device domain and the end users. The device domain typically comprises sensor monitoring systems, GPS/GNSS receivers, and guidance and steering systems, among others. The device domain is responsible for generating real-time data, which can assist the end users in making decisions.

The Americas accounted for a major share of the smart agriculture market in 2016, and the same trend is expected to follow during the forecast period as it is home to several players in the smart agriculture market such as Deere & Company (U.S.), Trimble, Inc. (U.S.), Raven Industries Inc. (U.S.), AgJunction, Inc. (U.S.), and AGCO Corporation (U.S.). In addition, the increasing demand for smart farming solutions is expected to drive the growth of the smart agriculture market in this region. Farmers or growers in this region are increasingly adopting advanced farming equipment and devices such as steering and guidance systems, various sensors, display devices, and farm software. The smart agriculture market in APAC is expected to grow at the highest rate between 2017 and 2022.

The major challenges faced by the companies in the smart agriculture market include the management of data for productive decision making and high initial investments. The major vendors in the smart agriculture market are Deere & Company (U.S.), Trimble, Inc. (U.S.), Raven Industries (U.S.), AgJunction, Inc. (U.S.), DeLaval Corporation (Sweden), and AGCO Corporation (U.S.), among others. These players adopt various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of their customers.

Note: Product cover images may vary from those shown
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  • AG Leader Technology
  • Agco Corporation
  • Agjunction, Inc.
  • Aururas S.R.L
  • Boumatic LLC.
  • Deere & Company
  • Delaval Corporation
  • Farmer at Hand
  • Farmeron
  • GEA Group AG
  • Grownetics Inc.
  • Precision Planting, Inc.
  • Raven Industries
  • Semiosbio Technologies Inc.
  • Sst Development Group, Inc.
  • The Climate Corporation
  • Topcon Positioning Systems, Inc.
  • Trimble, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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