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U.S. Smart Agriculture Market by Component and Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5157220
  • Report
  • August 2020
  • Region: United States
  • 95 Pages
  • Allied Analytics LLP
The U.S. smart agriculture market size was valued at $2,512.9 million in 2019, and is projected to reach $4,386.8 million by 2027, registering a CAGR of 9.6% from 2020 to 2027. Smart agriculture is anticipated to play a significant role in increasing the current agricultural productivity to cater to the growing demand for food. It has evolved from manual to a technology-based occupation in every aspect. The agriculture industry is open to technical driven innovation and adoption of Internet of Things (IoT) for further development of the sector by using information from weather stations, sensors, and other machinery. Moreover, smart agriculture can be defined as an innovative way of performing agricultural activities by using modern technologies such as big data, cloud data based services, livestock biometrics, agricultural robots, GPS, and Internet of things. These technologies are accepted in the agricultural sector as they help reduce human efforts, maximize utilization of the available resources, maximizing profitability, sustainability, quality, and productivity. There are different types smart agriculture which are practiced includes precision farming, livestock monitoring, fish farming and smart greenhouse. Precision agriculture is one of the key components of modern agriculture, which includes sensing devices, camera, and actuators connectivity modules, micro-controllers, and automation systems that control and monitor the progress of agricultural activities.

Reduction of agricultural land due to increase in urbanization is projected to drive the growth of the U.S. smart agriculture market. In addition, changes in earth’s climate due to human activity has led to changes in average temperature, rainfall, and heat. This affects the crop production resulting in adoption of smart technologies for agriculture which has propelled the growth of U.S. smart agriculture market. Rise in the population in U.S. is expected to increase the food demand and therefore, the farmers in U.S. will need to increase the crop production by using advanced technologies. This is estimated to boost the growth of U.S. smart agriculture in the upcoming years. Furthermore, due to various initiatives taken by U.S. governments to support farmers, an increase productivity as well as quality and adoption of advanced agricultural methods are anticipated to fuel the growth of the U.S. smart agriculture market in the future. However, the agriculture industry consists of various small players that offer solution for various stages of agriculture value chain. Also, the industry does not have a major player that provides solution for the complete agriculture value chain. Thus, farmers find it difficult to achieve economic scalability by deployment of solution and services that are offered by smaller players which results in hampering the growth of the market.

The U.S. smart agriculture market is segmented based on component and smart agriculture type. Based on component it is classified into solution, service and connectivity technology. By smart agriculture type, the market is divided into precision farming, livestock, aquaculture and greenhouse.

Key Benefits for Stakeholders
  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing U.S. smart agriculture market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the U.S. smart agriculture market segmentation assists to determine the prevailing opportunities.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market.
  • The report includes the analysis of the U.S. smart agriculture market trends, market segments, application areas, and market growth strategies.

Key Market Segments

By Component
  • Solution
  • Hardware
  • HVAC System
  • LED Grow Lights
  • Valves & Pumps
  • Sensor & Control Systems
  • Others
  • Software
  • Network Management
  • Agriculture Asset Management
  • Smart Water Management
  • Irrigation Management
  • Service
  • Consulting
  • System Integration and Deployment
  • Support and Maintenance
  • Connectivity Technology
  • Cellular IoT
  • 2G
  • 3G
  • 4G+
  • LoRa
  • NB-IoT
  • Global Navigation Satellite System (GNSS)
  • Wi-Fi
  • Wireline
  • Wireless Personal Area Network (WPAN)
  • Others
  • Smart Agriculture by type
  • Precision Farming
  • Livestock
  • Aquaculture
  • Greenhouse
Note: Product cover images may vary from those shown

Chapter 1. Introduction
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models
Chapter 2. Executive Summary
2.1. Cxo Perspective
Chapter 3. Market Overview
3.1. Market Definition and Scope
Chapter 4. U.S. Smart Agriculture Market, by Component,2019-2027
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Solution
4.2.1. Hardware Hvac System Market Size and Forecast Led Grow Lights Market Size and Forecast Valves & Pumps Market Size and Forecast Sensor & Control Systems Market Size and Forecast Others Market Size and Forecast
4.2.2. Network Management Network Management Market Size and Forecast Agriculture Asset Management Market Size and Forecast Smart Water Management Market Size and Forecast Irrigation Management Market Size and Forecast
4.3. Service
4.3.1. Market Size and Forecast Consulting Market Size and Forecast Support and Maintenance Market Size and Forecast System Integration and Deployment Market Size and Forecast
4.4. Connectivity Technology
4.4.1. Market Size and Forecast Cellular Iot Market Size and Forecast Lora Market Size and Forecast Nb-Iot Market Size and Forecast Global Navigation Satellite System (Gnss) Market Size and Forecast Wi-Fi Market Size and Forecast Sigfox Market Size and Forecast Wireline Market Size and Forecast Wireless Personal Area Network (Wpan) Market Size and Forecast Others Market Size and Forecast
Chapter 5. U.S. Smart Agriculture Market, by Smart Agriculture Type, 2019-2027
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Precision Farming
5.2.1. Market Size and Forecast
5.3. Livestock
5.3.1. Market Size and Forecast
5.4. Aquaculture
5.4.1. Market Size and Forecast
5.5. Greenhouse
5.5.1. Market Size and Forecast
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.