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Global Smart Agriculture Market (2023-2028) Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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  • 208 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5544192

Smart farming is a management concept focused on providing the agricultural industry with the infrastructure to leverage advanced technology

The Global Smart Agriculture Market is estimated to be USD 13.02 Bn in 2023 and is expected to reach USD 22.92 Bn by 2028 growing at a CAGR of 11.97%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Smart Agriculture Market is segmented based on Offering, Farm Size, Applications, and Geography.
  • By Offering, the market is classified into Solution, Services, and Connectivity Technology.
  • By Farm Size, the market is classified into Small Farm, Medium Farm, and Large Farm.
  • By Applications, the market is classified Precision Farming Application, Precision Forestry Application, Livestock Monitoring Application, Precision Aquaculture Application, and Smart Greenhouse Application.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Afimilk Ltd., AKVA Group, Farmers Edge, Inc., LumiGrow, Inc., Merck Animal Health, Nedap N.V., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Smart Agriculture Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Smart Agriculture Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Smart Agriculture Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Pressure on the Food and Supply Chain
4.1.2 Focus on Disease Detection and Livestock Monitoring
4.1.3 Cost Reduction by Adopting New Technology
4.2 Restraints
4.2.1 Hight Cost of Agricultural Equipment
4.3 Opportunities
4.3.1 Government Initiatives for Smart Agriculture
4.3.2 Increasing Land-Based Recirculating Aquaculture System
4.3.3 Smartphone Integration with Agriculture Software and Hardware Application
4.4 Challenges
4.4.1 Global Warming and Environment Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Smart Agriculture Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 HVAC System
6.2.2 LED Grow Light
6.2.3 Valves & Pumps
6.2.4 Sensors & Control System
6.3 Software
6.3.1 Network Management
6.3.2 Agriculture Asset Management
6.3.3 Smart Water Management
6.3.4 Irrigation Management
6.4 Services
6.4.1 Consulting
6.4.2 System Integration and Deployment
6.4.3 Support and Maintenance
6.5 Connectivity Technology
6.5.1 Cellular IoT
6.5.2 LoRa
6.5.3 Global Navigation Satellite System (GNSS)
6.5.4 Wi-Fi
6.5.5 SIGFOX
6.5.6 Wireline
6.5.7 Wireless Personal Area Network (WPAN)
7 Global Smart Agriculture Market, By Farm Size
7.1 Introduction
7.2 Small Farm
7.3 Medium Farm
7.4 Large Farm
8 Global Smart Agriculture Market, By Applications
8.1 Introduction
8.2 Precision Farming Application
8.3 Precision Forestry Application
8.4 Livestock Monitoring Application
8.5 Precision Aquaculture Application
8.6 Smart Greenhouse Application
9 Americas' Smart Agriculture Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe's Smart Agriculture Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa's Smart Agriculture Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC's Smart Agriculture Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Afimilk Ltd.
14.2 AG Leader Technology
14.3 AGCO Corp.
14.4 AgEagle Aerial System, Inc.
14.5 AgJunction LLC
14.6 Aglytix, Inc.
14.7 AKVA Group
14.8 Aquabyte, Inc.
14.9 Autonomous Solutions, Inc.
14.10 BouMatic LLC
14.11 CropX, Inc.
14.12 DeLaval, Inc
14.13 Farmers Edge, Inc.
14.14 Granular, Inc.
14.15 Grownetics, Inc.
14.16 Harvest Automation, Inc.
14.17 Hitachi Construction Machinery
14.18 InnovaSea Systems, Inc.
14.19 LumiGrow, Inc.
14.20 Mavrx, Inc.
14.21 Merck Animal Health
14.22 Nedap N.V.
14.23 Nexus Group
14.24 Osram Licht Ag
14.25 Raven Industries, Inc.
14.26 Scale Aquaculture AS
14.27 Steinsvik Group AS
14.28 Teejet Technologies Illinois, LLC
14.29 The Climate Corp.
14.30 Treemetrics Ltd.
14.31 Trimble, Inc.
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Afimilk Ltd.
  • AG Leader Technology
  • AGCO Corp.
  • AgEagle Aerial System, Inc.
  • AgJunction LLC
  • Aglytix, Inc.
  • AKVA Group
  • Aquabyte, Inc.
  • Autonomous Solutions, Inc.
  • BouMatic LLC
  • CropX, Inc.
  • DeLaval, Inc
  • Farmers Edge, Inc.
  • Granular, Inc.
  • Grownetics, Inc.
  • Harvest Automation, Inc.
  • Hitachi Construction Machinery
  • InnovaSea Systems, Inc.
  • LumiGrow, Inc.
  • Mavrx, Inc.
  • Merck Animal Health
  • Nedap N.V.
  • Nexus Group
  • Osram Licht Ag
  • Raven Industries, Inc.
  • Scale Aquaculture AS
  • Steinsvik Group AS
  • Teejet Technologies Illinois, LLC
  • The Climate Corp.
  • Treemetrics Ltd.
  • Trimble, Inc.