Global IoT in Agriculture Market – Analysis & Forecast - 2016 to 2022 (Focus on System Components; Tracking & Positioning, Monitoring & Detection, Telematics, Cloud Computing, Application & Region)

  • ID: 4091269
  • Report
  • Region: Global
  • 162 pages
  • BIS Research
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Global IoT in Agriculture Market to Soar Higher by 2022

FEATURED COMPANIES

  • AG Junctio
  • AG-NAV INC
  • CNH Industrial
  • Lindsay Corporation
  • Raven Industries
  • TeeJet Technologies
  • MORE

Agriculture, being one of the most significant economic activities of a country, has gradually evolved from manual occupation to a highly mechanized practice in every aspect, including the data management practises. Reducing the technologies involved and the ease of their integration with the other devices is important to obtain a viable IoT system. Owing to the increasing emphasis on food security, growing adoption of ICT in agriculture, need of data management in agriculture, and growing popularity of UAVs & drones and precision agriculture, the IoT in agriculture market is expected to grow at a CAGR of over 16% in terms of market value through 2016 to 2022.

The report is a compilation of the different systems, components, and applications of global IoT in agriculture market, including market breakdown by the application type, system type, and different geographical areas. Herein the revenue generated from each application type, namely:  yield monitoring, variable rate application, filed mapping, soil monitoring, crop scouting, precision irrigation, and livestock management; and system component type, namely: tracking & positioning systems (GPS Devices, Radio Frequency Indentification (RFID)), monitoring & detection systems (sensors, UAVs/ drones, autonomous vehicles & tractors), telematics systems (network communication technologies & standards & protocols), and cloud computing devices is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the IoT in agriculture market. It also includes the key participants involved in the industry at the relevant sections.

The report addresses the following questions about the global IoT in agriculture market:

  • What are the different factors driving the market and how will the impact of those drivers change through the forecast period?
  • What are the major factors challenging the growth of global IoT in agriculture market and how can they be addressed throughout the forecast period?
  • How will the market players leverage on key developments such as acquisitions, partnerships, and product launches among others?
  • Which region will lead the global IoT in agriculture market by the end of the forecast period?
  • How much is the revenue generated by the key system components across different geographies?
  • What are the prevalent application types and what is the market size for each of them?
  • What are the prevalent systems and the components used in these systems and what is the market size for each of them?
  • How will the overall competitive rivalry in the market evolve through the forecast period?

The report puts special emphasis on the market share of the system types in different geographies in IoT in agriculture market, owing to the increasing adoption of IoT technologies and techniques in agricultural activities. In spite of this, due to the lack of awareness in emerging economies, requirement of huge capital investment, lack of infrastructure and government support, a majority of potential new entrants resist from adopting IoT in agriculture and related technologies. The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on key restraints and government framework regulating the IoT in agriculture market.

The competitive landscape segment provides a holistic view of the key strategies & developmental activities of the recent years. The most often used strategy for developing a better hold on to the market has been through product launches, followed by business expansion strategies. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions and proper analysis of each company’s strengths, weaknesses, opportunities and threats.

Further, the report includes a comprehensive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.O.W.). Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region. The prominent players operating in the global IoT in agriculture market are AGCO Corporation, CNH Industrial, John Deere & Company, Lindsay Corporation, Raven Industries, and Trimble Navigation among others.

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FEATURED COMPANIES

  • AG Junctio
  • AG-NAV INC
  • CNH Industrial
  • Lindsay Corporation
  • Raven Industries
  • TeeJet Technologies
  • MORE

Executive Summary

1 Report Scope & Methodology
1.1 Scope of the Report
1.2 The IoT in Agriculture Market Research Methodology
1.2.1 Assumptions & Limitations
1.2.2 Primary Data Sources
1.2.3 Secondary Data Sources

2 Industry Analysis
2.1 Technology Transformation
2.2 IoT in Agriculture Ecosystem
2.3 Key Restraints in the IoT in Agriculture Market
2.4 Regulatory Framework Governing the IoT in Agriculture Market

3 Market Dynamics
3.1 Market Drivers
3.1.1 Increasing Emphasis on Food Security
3.1.2 Growing Adoption of ICT in Agriculture
3.1.3 Adoption of UAVs and Drones in Agriculture Applications
3.1.4 Growing Popularity of Precision Agriculture
3.1.5 Need of Data Management in Agriculture
3.2 Market Restraints
3.2.1 Huge Capital Investment
3.2.2 Lack of Awareness in Emerging Economies
3.2.3 Lack of Infrastructure
3.2.4 Data Accuracy and Reliability
3.2.5 Lack of Government Support
3.3 Market Opportunities
3.3.1 Opportunities in Developing Countries
3.3.2 Expansion of Smartphone Technology

4 Competitive Landscape
4.1 Key Market Developments & Strategies
4.1.1 Mergers & Acquisitions
4.1.2 Partnerships, Collaborations & Joint Ventures
4.1.3 Product Launches
4.1.4 Business Expansion
4.1.5 Others (Awards & Recognitions)
4.2 Industry Attractiveness
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat from Substitutes
4.2.5 Intensity of Competitive Rivalry

5 Global IoT in Agriculture Market by System
5.1 Assumptions & Limitations for Analysis and Forecast of the Global IoT in Agriculture Market
5.2 Market Overview
5.3 Tracking & Positioning Systems
5.3.1 GNSS/GPS Devices
5.3.2 RFID
5.4 Monitoring & Detection Systems
5.4.1 Wireless Sensor Network
5.4.2 UAVs/Drones
5.4.3 Auto-steering & Autonomous Vehicles
5.5 Telematics Systems
5.5.1 Network Communication Technologies
5.5.2 Standards & Protocols
5.6 Cloud Computing

6 IoT in Agriculture Market By Application
6.1 Yield Monitoring
6.2 Variable Rate Application
6.3 Field Mapping
6.4 Soil Monitoring
6.5 Crop Scouting
6.6 Precision Irrigation
6.7 Livestock Management
6.8 Others

7 IoT in Agriculture Market by Geography
7.1 North America
7.1.1 The U.S.
7.1.2 Others
7.2 Europe
7.2.1 Germany
7.2.2 The U.K.
7.2.3 France
7.2.4 Rest of the Europe
7.3 Asia Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Rest of APAC
7.4 Rest of the World
7.4.1 Middle East & Africa
7.4.2 South America

8 Company Profiles
8.1 AGCO Corporation
8.1.1 Company Overview
8.1.2 Financials
8.1.2.1 Financial Summary
8.1.3 SWOT Analysis
8.2 Agribotix
8.2.1 Company Overview
8.3 AG Junction
8.3.1 Company Overview
8.3.2 Financials
8.3.2.1 Financial Summary
8.3.3 SWOT Analysis
8.4 AG Leader Technology
8.4.1 Company Overview
8.5 AG-NAV INC.
8.5.1 Company Overview
8.6 aWhere
8.6.1 Company Overview
8.7 CNH Industrial
8.7.1 Company Overview
8.7.2 Financials
8.7.2.1 Financial Summary
8.7.3 SWOT Analysis
8.8 John Deere & Company
8.8.1 Company Overview
8.8.2 Financials
8.8.2.1 Financial Summary
8.8.3 SWOT Analysis
8.9 Farmers Edge
8.9.1 Company Overview
8.10 Lindsay Corporation
8.10.1 Company Overview
8.10.2 Financials
8.10.2.1 Financial Summary
8.10.3 SWOT Analysis
8.11 Monsanto
8.11.1 Company Overview
8.11.2 Financials
8.11.2.1 Financial Summary
8.11.3 SWOT Analysis
8.12 Precision Hawk
8.12.1 Company Overview
8.13 Raven Industries
8.13.1 Company Overview
8.13.2 Financials
8.13.2.1 Financial Summary
8.13.3 SWOT Analysis
8.14 Semios Technologies
8.14.1 Company Overview
8.15 SST Development Group Inc.
8.15.1 Company Overview
8.16 TeeJet Technologies
8.16.1 Company Overview
8.17 Topcon
8.17.1 Company Overview
8.17.2 Financials
8.17.2.1 Financial Summary
8.17.3 SWOT Analysis
8.18 Trimble Navigation
8.18.1 Company Overview
8.18.2 Financials
8.18.2.1 Financial Summary
8.18.3 SWOT Analysis
 
List of Tables
Table 2.1 Key Players in IoT in Agriculture Market
Table 2.2 Key Consortiums in IoT in Agriculture Market
Table 3.1 Present & Estimated Change in the Population in the Ten Most Populous Countries
Table 4.1 Key Mergers & Acquisitions (2014-16)
Table 4.2 Key Partnerships & Collaborations (2014-16)
Table 4.3 Key Launch Activities (2015-16)
Table 4.4 Key Business Expansion Activities (2015-16)
Table 4.5 Analysing the Threat of New Entrants
Table 4.6 Analysing Bargaining Power of Buyers
Table 4.7 Analysing the Bargaining Power of Suppliers
Table 4.8 Analysing the Threat from Substitutes
Table 4.9 Analysing the Intensity of Competitive Rivalry
Table 5.1 Global IoT in Agriculture Market by System, 2016-2022
Table 5.2 Market Players Providing GNSS/GPS Devices
Table 5.3 Developments Pertaining to Tracking and Positioning System in IoT in Agriculture Market
Table 5.4 Types of Sensors Used in Agriculture
Table 5.5 Market Players Providing Sensing Devices
Table 5.6 Developments Pertaining to Sensors in IoT in Agriculture Market
Table 5.7 Developments Pertaining to UAV in IoT in Agriculture Market
Table 5.8 Examples of Network Connections
Table 6.1 Global IoT in Agriculture Market by Application, 2016-2022
Table 6.2 Market Players Providing Yield Monitoring Products
Table 6.3 Market Players Providing VRA Products
Table 6.4 Market Players Providing Farm Mapping Products
Table 6.5 Market Players Providing Soil Monitoring Solutions
Table 6.6 Market Players Providing Crop Scouting Solutions
Table 6.7 Market Players Providing Precision Irrigation Products
Table 7.1 Global IoT in Agriculture Market by Geography, 2016-2022
Table 7.2 North America IoT in Agriculture Market by Country, 2016-2022
Table 7.3 Europe IoT in Agriculture Market by Country, 2016-2022
Table 7.4 Population Estimation of APAC
Table 7.5 APAC IoT in Agriculture Market by Country, 2016-2022
Table 7.6 R.O.W. IoT in Agriculture Market by Country, 2016-2022
 
List of Figures
Figure 1 Global IoT in Agriculture Market Snapshot
Figure 2 Global IoT in Agriculture Market by Application, 2016 and 2022
Figure 3 IoT in Agriculture Market by System (%) 2016 and 2022
Figure 4 IoT in Agriculture Market by Geography, 2016 and 2022
Figure 1.1 The IoT in Agriculture Market Scope
Figure 1.2 Top Down-Bottom Approach for Market Estimation
Figure 2.1 Technology Transformation in IoT in Agriculture
Figure 2.2 IoT in Agriculture Ecosystem
Figure 2.3 Key Restraints in the IoT in Agriculture Market
Figure 3.1 Market Dynamics
Figure 3.2 Impact Analysis of Drivers
Figure 3.3 Role of ICT in Agriculture
Figure 3.4 Need of Data Management by IoT
Figure 3.5 Impact Analysis of Restraints
Figure 3.6 Applications of Smartphones in Agriculture
Figure 4.1 Strategies Adopted by the Key Players
Figure 4.2 Share of Key Market Strategies & Developments
Figure 4.3 Porter’s Five Forces Analysis for the IoT in Agriculture Market
Figure 5.1 Global IoT in Agriculture Market by Systems
Figure 5.2 IoT in Agriculture Market by Systems, 2016 & 2022
Figure 5.3 Tracking & Positioning Systems by Geography
Figure 5.4 Drawback of Using RFID System on Cattle
Figure 5.5 Monitoring & Detection Systems by Geography
Figure 5.6 Challenges During Sensor Deployment
Figure 5.7 Advantages of UAVs/ Drones over Aerial Imaging Systems
Figure 5.8 Telematics Systems by Geography
Figure 5.9 Challenges During Network Deployment
Figure 5.10 Cloud Computing Systems by Geography
Figure 5.11 Applications of Agricultural Information Cloud
Figure 6.1 Global IoT in Agriculture Market by Application
Figure 6.2 IoT in Agriculture Market by Application, 2016 & 2022
Figure 7.1 IoT in Agriculture Market- Geographic Snapshot, 2016
Figure 7.2 Global IoT in Agriculture Market Size by Geography, 2016 & 2022
Figure 7.3 Prevalence of Food Insecurity in the U.S., 2015
Figure 7.4 North America IoT in Agriculture Market ($Million) by Country, 2016-2022
Figure 7.5 Europe IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 7.6 APAC IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 7.7 R.O.W. IoT in Agriculture Market Size ($Million) by Country, 2016-2022
Figure 8.1 AGCO Corporation: Overall Financials, 2013-15
Figure 8.2 AGCO Corporation: Geographic Revenue Mix, 2013-15
Figure 8.3 AGCO Corporation: Business Revenue Mix, 2013-15
Figure 8.4 AG Junction: Overall Financials, 2013-15
Figure 8.5 AG Junction: Geographic Revenue Mix, 2014-15
Figure 8.6 CNH Industrial: Overall Financials, 2013-15
Figure 8.7 CNH Industrial: Geographical Revenue Mix, 2013-15
Figure 8.8 CNH Industrial: Business Revenue Mix, 2013-15
Figure 8.9 Deere & Co.: Overall Financials, 2014-2016
Figure 8.10 Deere & Co.: Geographical Revenue Mix, 2014-16
Figure 8.11 Deere & Co.: Business Revenue Mix, 2014-16
Figure 8.12 Lindsay Corporation: Overall Financials, 2014-16
Figure 8.13 Lindsay Corporation: Geographical Revenue Mix, 2014-16
Figure 8.14 Lindsay Corporation: Business Revenue Mix, 2014-16
Figure 8.15 Monsanto: Overall Financials, 2014-16
Figure 8.16 Monsanto: Geographical Revenue Mix, 2014-16
Figure 8.17 Monsanto: Business Revenue Mix, 2014-16
Figure 8.18 Raven: Overall Financials, 2013-15
Figure 8.19 Raven: Business Revenue Mix, 2013-15
Figure 8.20 Raven: Geographic Revenue Mix, 2013-15
Figure 8.21 Topcon: Overall Financials, 2013-15 ($Million)
Figure 8.22 Topcon: Business Revenue Mix, 2013-15 ($Million)
Figure 8.23 Topcon: Geographic Revenue Mix, 2013-15 ($Million)
Figure 8.24 Trimble: Overall Financials, 2014-16
Figure 8.25 Trimble: Geographical Revenue Mix, 2014-16
Figure 8.26 Trimble: Business Revenue Mix, 2014-16

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FEATURED COMPANIES

  • AG Junctio
  • AG-NAV INC
  • CNH Industrial
  • Lindsay Corporation
  • Raven Industries
  • TeeJet Technologies
  • MORE

The increasing emphasis on food security, growing adoption of ICT in agriculture, and need of data management in agriculture has led to the increased adoption of IoT technologies in agriculture. The impending potential of better decision making, increased productivity, and better data management has given a much needed drive to the IoT in agriculture market globally. Considering the growing popularity of this market, the author has published a report titled, “Global IoT in Agriculture Market, Estimation & Forecast 2016-2022” incorporating a segmentation of the market, classified into different system components and application types.

The report includes market sizing & estimation by application types, by system components, and by geographical location. The application types of the market are classified into: yield monitoring, variable rate application, field mapping, soil monitoring, crop scouting, precision irrigation, livestock management, & others, while the key system components are tracking & positioning systems (GNSS/ GPS devices, Radio Frequency Identification (RFID), monitoring and detection systems (wireless sensor network, UAVs/ drones, autonomous vehicles & tractors), telematics systems (networking and communication technology, standards & protocols), and cloud computing. The market estimation and forecast for these components have been done for the key geographical areas as well. The report includes a detailed chapter on the market dynamics, including the prime driving and restraining forces, along with opportunities for growth and expansion in the global IoT in agriculture market through the forecast period.

Furthermore, having identified the potential for further developments in the form of partnerships, product launches, and events among others, the report comprises of a separate section on the detailed competitive landscape of the market. Though the industry lacks enough support from associations and authorities, some major existing consortiums in the market have also been mapped in the report, along with the key restraints in the market. Recent activities of the key players in this market have also been tracked in the form of company profiles. Some of the key companies highlighted in the report are Ag Leader Technology, Trimble Navigation, Monsanto, Ag Junction, Raven Industries, and John Deere & Co.

In spite of high capital investment, lack of awareness in emerging economies, and lack of adequate infrastructure in this market, the author has estimated that the industry will grow over $20 billion in terms of value by 2022 at a double digit CAGR through 2016-2022, with North America leading the market in the forecast period, when it comes to maximum revenue generation. The monitoring and detecting system components are dominating the market, while the maximum growth is expected to be made in telematics system components. While considering the application types in the IoT in agriculture, yield monitoring holds the market reins. Adoption of this technology requires coordination between different members of the value chain, hence there has to be proper inter-connection between each domain.

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  • AG Junctio
  • AG Leader Technology
  • AG-NAV INC
  • AGCO Corporation
  • Agribotix
  • aWhere
  • CNH Industrial
  • Farmers Edge
  • John Deere & Company
  • Lindsay Corporation
  • Monsanto
  • Precision Hawk
  • Raven Industries
  • SST Development Group Inc
  • Semios Technologies
  • TeeJet Technologies
  • Topcon
  • Trimble Navigation
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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