FEATURED COMPANIES
- Agco Corporation
- Cropmetrics
- DJI
- Hexagon Agriculture
- Precisionhawk
- Tigercat
Global Internet of Things (IoT) in Agriculture Market to Reach $61.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Agriculture estimated at US$24.1 Billion in the year 2020, is projected to reach a revised size of US$61.1 Billion by 2027, growing at a CAGR of 14.2% over the analysis period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 15.8% CAGR and reach US$24.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automation & Control Systems segment is readjusted to a revised 13.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 13.6% CAGR
The Internet of Things (IoT) in Agriculture market in the U.S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.
Livestock Monitoring Hardware Segment to Record 12.8% CAGR
In the global Livestock Monitoring Hardware segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.2 Billion by the year 2027.
Select Competitors (Total 36 Featured):
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Agriculture estimated at US$24.1 Billion in the year 2020, is projected to reach a revised size of US$61.1 Billion by 2027, growing at a CAGR of 14.2% over the analysis period 2020-2027. Software, one of the segments analyzed in the report, is projected to record a 15.8% CAGR and reach US$24.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automation & Control Systems segment is readjusted to a revised 13.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 13.6% CAGR
The Internet of Things (IoT) in Agriculture market in the U.S. is estimated at US$7.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.7% and 12% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.
Livestock Monitoring Hardware Segment to Record 12.8% CAGR
In the global Livestock Monitoring Hardware segment, USA, Canada, Japan, China and Europe will drive the 12.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$5.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.2 Billion by the year 2027.
Select Competitors (Total 36 Featured):
- Agco Corporation
- Agjunction
- Antelliq
- Cropmetrics
- Deere and Company
- Delaval (Subsidiary of Tetra Laval International, S.A.)
- Dickey-John
- DJI
- GEA Group
- Granular
- Hexagon Agriculture
- Komatsu Forest
- Ponsse
- Precisionhawk
- Raven Industries
- Teejet Technologies
- Tigercat
- Topcon Positioning Systems
- Tree Metrics
- Trimble Inc.
Frequently Asked Questions about the Global Market for Internet of Things (IoT) in Agriculture
What is the estimated value of the Global Market for Internet of Things (IoT) in Agriculture?
What is the growth rate of the Global Market for Internet of Things (IoT) in Agriculture?
What is the forecasted size of the Global Market for Internet of Things (IoT) in Agriculture?
Who are the key companies in the Global Market for Internet of Things (IoT) in Agriculture?
| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 24.1 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 61.1 Billion |
| Compound Annual Growth Rate | 14.2% |
FEATURED COMPANIES
- Agco Corporation
- Cropmetrics
- DJI
- Hexagon Agriculture
- Precisionhawk
- Tigercat
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes:
- Agco Corporation
- Agjunction
- Antelliq
- Cropmetrics
- Deere and Company
- Delaval (Subsidiary of Tetra Laval International, S.A.)
- Dickey-John
- DJI
- GEA Group
- Granular
- Hexagon Agriculture
- Komatsu Forest
- Ponsse
- Precisionhawk
- Raven Industries
- Teejet Technologies
- Tigercat
- Topcon Positioning Systems
- Tree Metrics
- Trimble Inc.
