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Global Agriculture 4.0 Market Analysis, 2021

  • ID: 5447729
  • Report
  • September 2021
  • Region: Global
  • 232 Pages
  • MarkNtel Advisors LLP
Increasing Farm Mechanization to Fuel the Growth of the Global Agriculture 4.0 Market Through 2026

FEATURED COMPANIES

  • Agco Corporation
  • Antelliq
  • Deere and Company
  • Dickey-John
  • GEA Group
  • Hexagon Agriculture
According to the publisher, the Global Agriculture 4.0 Market is projected to grow exponentially during 2021-26. The market expansion primarily attributes to the gradually shrinking arable land, coupled with flooding population & its growing requirements for high-quality food products. According to the UN FAO, the global population is estimated to be 9.1 Billion by 2050, i.e., nearly 34% higher than today. Consequently, to feed this larger population, food production must increase by 70 percent.

In addition, the various government initiatives toward promoting modern farming techniques like the adoption of robots in farming, coupled with the introduction of advanced technologies, such as Blockchain, drones, Big Data, etc., across the agriculture sector in crop production, shall also drove the market in the coming years.

The soaring investments in agricultural technology, surging inclination toward greenhouses & indoor farming, and reducing productivity in agriculture due to droughts & floods are other crucial factors expected to augment the market expansion.

With the help of these tools, farmers can efficiently understand the soil variables, moisture levels, monitor crop health, obtain real-time field analysis using drones, etc., and suffice the burgeoning food requirements of the growing population sustainably.

Hence, the demand for Agriculture 4.0 is anticipated to rise significantly, thereby leading the global market to observe an upswing and producing profitability for the market leaders in the coming years, further states the research report, Global Agriculture 4.0 Market Analysis, 2021.

Impact of Covid-19 on Global Agriculture 4.0 Market

  • Last year, the Covid-19 pandemic had a balanced impact on the Global Agriculture 4.0 Market.
  • Initially, the market observed a decelerating effect when the manufacturing units temporarily shut down due to the imposition of lockdown, which, in turn, led to a significantly reduced production of agriculture technology-based equipment & its consumer need.
  • In addition, the lockdown & supply chain disruptions amidst the pandemic also underlined the value of local providers, thereby increasing the resilience of smaller farms.
  • On the other hand, the utilization of agriculture 4.0 software tools and technology-based equipment like remote sensors surged after the upliftment of restrictions and investments in agro-bot start-ups owing to the labor shortage.
  • The environmental benefits owing to travel restrictions & shut down of manufacturing units augmented a desire for more sustainable sources, requiring producers to transform conventional agriculture practices.
  • Nonetheless, monitoring the existing situation of the pandemic and its effect on the market till now, it is anticipated that the demand for Agriculture 4.0 would rise exponentially and produce profitability for the market giants in the coming period.

Market Segmentation


Crop Monitoring & Spraying Application to Continue Leading the Market Through 2026

According to the research report, the Global Agriculture 4.0 Market, based on the Application, segments into:

  • Farming
  • Forestry
  • Livestock Monitoring
  • Fish Farm Monitoring
  • Smart Green House

The Farming application further includes Crop Health Assessment, Crop Monitoring & Spraying, Planting, Soil & Field Analysis, Field Mapping, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, and Financial Management.

Amongst all, Crop Monitoring & Spraying acquired the largest market share in terms of revenue over the previous years and is anticipated to continue its lead in the coming years. It owes to the mounting need to monitor the growth & performance of crops during their developmental stages with the help of Agriculture 4.0 tools & technologies, which would help farmers understand field variability & maximize the yield.

With necessary information like weather conditions, soil property, and fertilizers that might be affecting the overall production, farmers can now monitor their field & achieve optimal crop production through agriculture technology-based tools.

On the other hand, the need for Irrigation Management is expected to witness considerable growth during 2021-26 due to the mounting adoption of rain sensors, sensor-based controllers, water meters, weather-based controllers, etc., to estimate a suitable amount of irrigation water on the field.

Furthermore, Weather Tracking & Forecasting segment shows signs of expanding substantially in the coming years. It owes to the increasing use of sensors, enabling forecasters to provide accurate weather-related insights. Besides, the introduction of machine learning techniques & advanced data analytics shall also enhance the reliability of farmers on Weather Tracking & Forecasting applications, which would lead the segment cited above to witness substantial expansion in the years to come.

Demand for RFID Tags & Readers to Witness Fastest Growth During 2021-26

The increasing adoption of RFID Tags & Readers to identify & monitor the health conditions of the livestock, track farm animals, and detect signs of lameness enables farmers to take appropriate actions at a suitable time. Besides, the burgeoning consumption of meat & dairy by the rapidly increasing population is compelling farmers to opt for better monitoring solutions to automate repetitive tasks & improve overall food quality. Hence, the rapid adoption of better monitoring solutions is expected to drive the need for RFID Tags & Sensors during 2021-26, reveals the publisher in their research report, “Global Agriculture 4.0 Market Analysis, 2021.”

Market Drivers


The most prominent factor anticipated to drive the Global Agriculture 4.0 Market in the coming period is the rapidly increasing adoption of technologies like Variable Rate Technology (VRT), remote sensing, GPS, etc., to increase crop productivity and reduce labor overheads. In addition, the growing adoption of drones for spraying, pruning, weeding, and harvesting applications also helps farmers monitor processes at farmlands remotely, which shall gain momentum by reducing the need for manual labor & labor costs.

Market Restraints


The prime factors that might restrain the market expansion are inadequate awareness about agriculture 4.0 among farmers and the high installation cost of technology-based equipment. Additionally, the lack of digital literacy in rural areas due to limited network access limiting farmers to exercise digital services might also negatively affect the market in the coming period. Moreover, lack of laws & regulations for ownership & management of digital data, coupled with inadequate availability of IT infrastructure to acquire, process, & share that data, shall further hold the market to grow during 2021-26.

Regional Landscape


North America Projected to Witness Highest Market Growth, Followed by Europe, During 2021-26

The growing adoption of tools, including Variable Rate Technology (VRT), among farmers in North America for crop production is the primary factor backing the regional outlook.

In the region, the US & Canada are the early adopters of modern farming technology, which is another crucial aspect that shall expand the market size. In addition, various initiatives by the governments of these countries promoting farmers toward the enactment of modern agricultural techniques, coupled with the incredibly developed agricultural infrastructure, shall also generate massive revenues and growth opportunities for the market leaders through 2026.

On the other hand, Europe acquired a majority market share in recent years and is projected to witness significant market growth in the coming years. By 2030, this region would observe a labor shortage of about 28% and, in turn, result in the rapid adoption of digital technologies by farmers and mounting automation in the agricultural sector to reduce the human workforce & surge crop productivity.

Moreover, the burgeoning number of Agtech start-ups in the region, the increasing popularity of drones in farming, and massive investments in the agricultural sector by the government & private firms are other crucial factors projected to enhance the market size and create remunerative opportunities for leading players in Europe during 2021-26.

Key Questions Answered in the Market Report:


1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast, Segmentation, Shares) of the Global Agriculture 4.0 Market?
2. What are the region-wise industry size, drivers, & challenges?
3. What are the key innovations, profitability, current & future trends, and regulations in the Global Agriculture 4.0 Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Agriculture 4.0 Market based on the competitive benchmarking matrix?
5. What are the key results derived from the surveys conducted during the Global Agriculture 4.0 Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agco Corporation
  • Antelliq
  • Deere and Company
  • Dickey-John
  • GEA Group
  • Hexagon Agriculture

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary3. Impact of COVID-19 on Agricultural Sector4. Expert Verbatim: What our expert says?5. Global Agriculture 4.0 Market Trends & Insights
6. Global Agriculture 4.0 Market Dynamics
6.1. Growth Drivers
6.2. Challenges
6.3. Impact Analysis
7. Global Agriculture 4.0 Business Cases by Technology
7.1. Data Analytics
7.2. Augment & Virtual Reality
7.3. Artificial Intelligence
7.4. Digital Twin
7.5. Collaborative Robots
7.6. Blockchain Management
7.7. Nanotechnology
7..8. Food haring and crowdfarming
8. Global Agriculture 4.0 Market Hotspot & Opportunities9. Global Agriculture 4.0 Market Key Strategic Imperatives for Success & Growth10. Global Agriculture 4.0 Government regulations and Policy Analysis
11. Global Agriculture 4.0 Market Analysis, 2016-2026F
11.1. Market Size and Analysis
11.1.1. By Revenue
11.2. Market Share and Analysis
11.2.1. By Component
11.2.1.1. By Hardware
11.2.1.1.1. Livestock Monitoring Hardware
11.2.1.1.1.1. RFID Tags and Readers
11.2.1.1.1.2. Sensors
11.2.1.1.1.3. Control Systems
11.2.1.1.1.4. GPS
11.2.1.1.1.5. Others (Drones)
11.2.1.1.2. Agriculture Hardware
11.2.1.1.2.1. Automation and Control Systems
11.2.1.1.2.2. Sensing and Monitoring Devices
11.2.1.1.3. Forestry Hardware
11.2.1.1.3.1. Harvesters & Forwarders
11.2.1.1.3.2. UAVs/ Drones
11.2.1.1.3.3. GPS
11.2.1.1.3.4. Cameras
11.2.1.1.3.5. RFID and Sensors
11.2.1.1.3.6. Variable Rate Controllers
11.2.1.1.3.7. Others
11.2.1.1.4. Fish Farm Hardware
11.2.1.1.4.1. GPS/ GNSS
11.2.1.1.4.2. Sensors
11.2.1.1.4.3. Others
11.2.1.1.5. Greenhouse Farming Hardware
11.2.1.1.5.1. Combined Heat and Power Systems (CHPs)
11.2.1.1.5.2. Cooling Systems
11.2.1.1.5.3. Automated Irrigation Systems
11.2.1.1.5.4. pH Sensors
11.2.1.2. By Software
11.2.1.2.1. Cloud Based
11.2.1.2.2. Local/Web Based
11.2.2. By Application
11.2.2.1. Farming
11.2.2.1.1. Crop health assessment
11.2.2.1.2. Crop Monitoring and Spraying
11.2.2.1.3. Planting
11.2.2.1.4. Soil and Field analysis
11.2.2.1.5. Field Mapping
11.2.2.1.6. Weather Tracking and Forecasting
11.2.2.1.7. Irrigation Management
11.2.2.1.8. Inventory Management
11.2.2.1.9. Farm Labor Management
11.2.2.1.10. Financial Management
11.2.2.2. Forestry
11.2.2.2.1. Genetics and Nurseries
11.2.2.2.2. Silviculture and Fire Management
11.2.2.2.3. Harvesting Management
11.2.2.2.4. Inventory and logistics Management
11.2.2.3. Livestock Monitoring
11.2.2.3.1. Heat Stress & Fertility Management
11.2.2.3.2. Milk Harvesting Management
11.2.2.3.3. Feeding Management
11.2.2.3.4. Animal Health & Comfort Management
11.2.2.3.5. Behavior Monitoring Management
11.2.2.3.6. Others
11.2.2.4. Fish Farm Monitoring
11.2.2.4.1. Tracking and Fleet Navigation
11.2.2.4.2. Feeding Management
11.2.2.4.3. Water Quality Management
11.2.2.4.4. Others
11.2.2.5. Smart Green House
11.2.2.5.1. HVAC Management
11.2.2.5.2. Yield Monitoring
11.2.2.5.3. Water and Fertilizer Management
11.2.2.5.4. Lighting Management
11.2.2.6. Others (Aquaculture farming)
11.2.3. By End Users
11.2.3.1. Livestock
11.2.3.2. Agro-forestry
11.2.3.3. Fishing
11.2.3.4. Aquaculture
11.2.4. By Region
11.2.4.1. North America
11.2.4.2. South America
11.2.4.3. Asia Pacific
11.2.4.4. Europe
11.2.4.5. Middle East & Africa
11.2.5. By Company
11.2.5.1. Competition Characteristics
11.2.5.2. Market Share and Analysis
11.2.5.3. Australia
12. North America Agriculture 4.0 Market Analysis, 2016-2026F
12.1. Market Size and Analysis
12.1.1. By Revenue
12.2. Market Share and Analysis
12.2.1. By Component
12.2.2. By Application
12.2.3. By End Users
12.2.4. By Region
12.2.4.1. USA Agriculture 4.0 Market Analysis, 2016-2026F
12.2.4.1.1. Market Size and Analysis
12.2.4.1.1.1. By Revenue
12.2.4.1.2. Market Share and Analysis
12.2.4.1.2.1. By Component
12.2.4.1.2.2. By Application
12.2.4.2. Canada Agriculture 4.0 Market Analysis, 2016-2026F
12.2.4.2.1. Market Size and Analysis
12.2.4.2.1.1. By Revenue
12.2.4.2.2. Market Share and Analysis
12.2.4.2.2.1. By Component
12.2.4.2.2.2. By Application
12.2.4.3. Mexico Agriculture 4.0 Market Analysis, 2016-2026F
12.2.4.3.1. Market Size and Analysis
12.2.4.3.1.1. By Revenue
12.2.4.3.2. Market Share and Analysis
12.2.4.3.2.1. By Component
12.2.4.3.2.2. By Application
13. South America Agriculture 4.0 Market Analysis, 2016-2026F
13.1. Market Size and Analysis
13.1.1. By Revenue
13.2. Market Share and Analysis
13.2.1. By Component
13.2.2. By Application
13.2.3. By End Users
13.2.4. By Region
13.2.4.1. Brazil Agriculture 4.0 Market Analysis, 2016-2026F
13.2.4.1.1. Market Size and Analysis
13.2.4.1.1.1. By Revenue
13.2.4.1.2. Market Share and Analysis
13.2.4.1.2.1. By Component
13.2.4.1.2.2. By Application
14. Europe Agriculture 4.0 Market Analysis, 2016-2026F
14.1. Market Size and Analysis
14.1.1. By Revenue
14.2. Market Share and Analysis
14.2.1. By Component
14.2.2. By Application
14.2.3. By End Users
14.2.4. By Region
14.2.4.1. Germany Agriculture 4.0 Market Analysis, 2016-2026F
14.2.4.1.1. Market Size and Analysis
14.2.4.1.1.1. By Revenue
14.2.4.1.2. Market Share and Analysis
14.2.4.1.2.1. By Component
14.2.4.1.2.2. By Application
14.2.4.2. UK Agriculture 4.0 Market Analysis, 2016-2026F
14.2.4.2.1. Market Size and Analysis
14.2.4.2.1.1. By Revenue
14.2.4.2.2. Market Share and Analysis
14.2.4.2.2.1. By Component
14.2.4.2.2.2. By Application
14.2.4.3. France Agriculture 4.0 Market Analysis, 2016-2026F
14.2.4.3.1. Market Size and Analysis
14.2.4.3.1.1. By Revenue
14.2.4.3.2. Market Share and Analysis
14.2.4.3.2.1. By Component
14.2.4.3.2.2. By Application
14.2.4.4. Spain Agriculture 4.0 Market Analysis, 2016-2026F
14.2.4.4.1. Market Size and Analysis
14.2.4.4.1.1. By Revenue
14.2.4.4.2. Market Share and Analysis
14.2.4.4.2.1. By Component
14.2.4.4.2.2. By Application
14.2.4.5. Italy Agriculture 4.0 Market Analysis, 2016-2026F
14.2.4.5.1. Market Size and Analysis
14.2.4.5.1.1. By Revenue
14.2.4.5.2. Market Share and Analysis
14.2.4.5.2.1. By Component
14.2.4.5.2.2. By Application
15. Middle East & Africa Agriculture 4.0 Market Analysis, 2016-2026F
15.1. Market Size and Analysis
15.1.1. By Revenue
15.2. Market Share and Analysis
15.2.1. By Component
15.2.2. By Application
15.2.3. By End Users
15.2.4. By Region
15.2.4.1. Turkey Agriculture 4.0 Market Analysis, 2016-2026F
15.2.4.1.1. Market Size and Analysis
15.2.4.1.1.1. By Revenue
15.2.4.1.2. Market Share and Analysis
15.2.4.1.2.1. By Component
15.2.4.1.2.2. By Application
15.2.4.2. South Africa Agriculture 4.0 Market Analysis, 2016-2026F
15.2.4.2.1. Market Size and Analysis
15.2.4.2.1.1. By Revenue
15.2.4.2.2. Market Share and Analysis
15.2.4.2.2.1. By Component
15.2.4.2.2.2. By Application
15.2.4.3. Israel Agriculture 4.0 Market Analysis, 2016-2026F
15.2.4.3.1. Market Size and Analysis
15.2.4.3.1.1. By Revenue
15.2.4.3.2. Market Share and Analysis
15.2.4.3.2.1. By Component
15.2.4.3.2.2. By Application
16. Asia Pacific Agriculture 4.0 Market Analysis, 2016-2026F
16.1. Market Size and Analysis
16.1.1. By Revenue
16.2. Market Share and Analysis
16.2.1. By Component
16.2.2. By Application
16.2.3. By End Users
16.2.4. By Region
16.2.4.1. India Agriculture 4.0 Market Analysis, 2016-2026F
16.2.4.1.1. Market Size and Analysis
16.2.4.1.1.1. By Revenue
16.2.4.1.2. Market Share and Analysis
16.2.4.1.2.1. By Component
16.2.4.1.2.2. By Application
16.2.4.2. China Agriculture 4.0 Market Analysis, 2016-2026F
16.2.4.2.1. Market Size and Analysis
16.2.4.2.1.1. By Revenue
16.2.4.2.2. Market Share and Analysis
16.2.4.2.2.1. By Component
16.2.4.2.2.2. By Application
16.2.4.3. South Korea Agriculture 4.0 Market Analysis, 2016-2026F
16.2.4.3.1. Market Size and Analysis
16.2.4.3.1.1. By Revenue
16.2.4.3.2. Market Share and Analysis
16.2.4.3.2.1. By Component
16.2.4.3.2.2. By Application
16.2.4.4. Japan Agriculture 4.0 Market Analysis, 2016-2026F
16.2.4.4.1. Market Size and Analysis
16.2.4.4.1.1. By Revenue
16.2.4.4.2. Market Share and Analysis
16.2.4.4.2.1. By Component
16.2.4.4.2.2. By Application
17. Competition Outlook
17.1. Competition Matrix
17.1.1. Product Portfolio
17.1.2. Target Markets
17.1.3. Target End Users
17.1.4. Manufacturing Units
17.1.5. Research & Development
17.1.6. Strategic Alliance
17.1.7. Strategic Initiatives
17.2. Company Profiles (Business Description, Product Offering, Business Segments, Financials, Strategic Alliances or Partnerships, Future Plans)
17.2.1. Trimble Inc.
17.2.2. Deere and Company
17.2.3. Agco Corporation
17.2.4. Raven Industries
17.2.5. DeLaval
17.2.6. GEA Group
17.2.7. Agjunction
17.2.8. Antelliq
17.2.9. Ponsse
17.2.10. Komastu Forest
17.2.11. DJI
17.2.12. Granular
17.2.13. Hexagon Agriculture
17.2.14. Crop metrics
17.2.15. Dickey-John
17.2.16. Others
18. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Trimble Inc.
  • Deere and Company
  • Agco Corporation
  • Raven Industries
  • DeLaval
  • GEA Group
  • Agjunction
  • Antelliq
  • Ponsse
  • Komastu Forest
  • DJI
  • Granular
  • Hexagon Agriculture
  • Crop metrics
  • Dickey-John
Note: Product cover images may vary from those shown