Smart Agriculture Market: Industry Analysis and Forecast (2022-2029) Market Trends, Statistics, Dynamics, and Segmentation by Agriculture Type, Offering, Application and Region

Smart Agriculture Market Size in 2021 was worth US $ 15.03 Bn. at a CAGR of 9.7 % and it is expected to reach US $ 31.52 Bn. in 2029.

Smart Agriculture Market Overview:

The smart agriculture market was valued at US$ 15.03 bn. in 2021. The principal elements driving demand are the growing automation of commercial greenhouses and the growing use of the Controlled Environment Agriculture (CEA) concept in greenhouses in order to produce higher yields and maintain optimal growth conditions. Cultivators are becoming more aware of the potential benefits of greenhouse farming, which has resulted in a rise in the number of commercial greenhouses being built. Cultivators have turned their focus away from traditional lighting systems and toward LED grow lights, which are easier to integrate into a CEA setup. Despite their high cost, LED grow lights are regarded suitable for indoor farming due to their long-term energy efficiency benefits. Smart Agriculture Market To know about the Research Methodology :- Request Free Sample Report

COVID-19 Impact on the Smart Agriculture Market:

The COVID-19 pandemic is expected to have a minor impact on the smart agriculture market in 2021, as movement restrictions and lockdowns have caused supply chain disruptions. Using remote monitoring technologies and farm management software tools, on the other hand, could lead to increased adoption in the post-COVID-19 period. COVID-19 has wreaked havoc on the supply chains of several smart agricultural verticals, including precision farming, livestock monitoring, aquaculture, greenhouses, and forestry. Using innovative technologies, the companies are looking into new ways to communicate with growers and farmers.

Smart Agriculture Market Dynamics:

The employment of new technologies in agricultural products is on the rise: Precision farming also offers information on the amount of irrigation water, liquid fertilizers, nutrients, herbicides, and pesticides that are needed, decreasing resource waste and lowering farming costs. Two significant elements that promote the use of smart agriculture tools are increased business efficiency through process automation and greater production with lower farming costs. Precision farming innovations are going to make agriculture more profitable than ever before. As a result, business-minded farmers have begun to use various precision farming/smart agriculture instruments to boost crop yields and profit margins. Large-scale data management for effective decision-making: Users of smart agricultural technologies face huge difficulty in data management. Data collected from farms using smart agricultural instruments is critical since it aids farmers in making productive decisions. Large amounts of critical data pertaining to mapping, variable rate seeding, soil testing, yield monitoring, and historical crop rotation are produced on a regular basis in precision farming. Because successful smart farming approaches rely entirely on this data for analyzing farm conditions, it must be properly kept and handled. Making effective farm management decisions and enhancing agricultural operations require data management.

Smart Agriculture Market segment analysis:

Based on agriculture type, the Livestock Monitoring segment held the largest share of 22.04% in 2021. To maintain optimal yields, precision livestock monitoring allows for real-time monitoring of livestock health, production, and welfare. Market players have been recommended to focus on new product launches and significant cost savings related to livestock monitoring management due to factors such as expanding dairy farm size and rising technical breakthroughs, such as precision livestock monitoring. Because of its overall contribution, livestock has a substantial role in the agriculture sector. It is a crucial part of poverty reduction initiatives, and it can be produced fast because all of the necessary inputs are available in sufficient numbers in the country. Based on Application, the Precision Farming Applications segment held largest share of xx% in 2021, inside Precision Farming Applications yield monitoring segment is held largest share of 44.53% in 2021, owing to growing demand for agricultural growth monitoring and decreasing overall wastage by giving needed water and minerals on time. Yield monitoring allows farmers to learn more about their fields and crops while also developing site-specific crop management strategies. The yield monitoring system reveals the regional and temporal variability in crop yields, which is one of its key advantages.

Smart Agriculture Market Regional Insight:

The North America region held largest market share of 45.61%in 2021. Over the forecast period, rising government activities and regulations to improve the region's agriculture business are expected to stimulate regional demand. The North America Climate Smart Agriculture Alliance (NACSAA), a platform for training and equipping growers to boost agricultural productivity sustainably, has been formed by a group of agricultural organizations. Governments in North America are actively giving subsidies to increase the applications of smart irrigation in response to the growing concern about water conservation. The state of California, for example, has offered a discount for smart controllers. The objective of the report is to present a comprehensive analysis of the Smart Agriculture market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Smart Agriculture market dynamics, structure by analyzing the market segments and projects the Smart Agriculture market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Agriculture market make the report investor’s guide.

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Global Smart Agriculture Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 15.03 Bn.
Forecast Period 2022 to 2029 CAGR: 9.7% Market Size in 2029: US $ 31.52Bn.
Segments Covered: by Agriculture Type • Livestock Monitoring • Precision farming • Fish farming • Smart Greenhouse • others
by Offering • Hardware • Software • Service
by Application • Livestock Applications • Fish Farming Application • Precision Farming Application • Smart Greenhouse Application • Others

Smart Agriculture Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Smart Agriculture Market Key Players

Agjunction, Inc. • Trimble, Inc. • Deere & Company • Trimble, Inc. • AG Leader Technology • Sst Development Group, Inc • Agco Corporation • The Climate Corporation • Precision Planting, Inc. • Semiosbio Technologies Inc. • DeLaval • Antelliq • Afimilk Ltd. • Raven Industries • AgJunction • Argus Control Systems Ltd. • Agribotix LLC • Autonomous Solutions, Inc. • CNH Industrial • CLAAS • CropZilla Software, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Smart Agriculture Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Smart Agriculture Market? Ans: The Smart Agriculture Market is growing at a CAGR of 9.7 % during forecasting period 2021-2029. 3. What segments are covered in Global Smart Agriculture market? Ans: Smart Agriculture Market is segmented into by Agriculture Type, by Offering, by Application and Region. 4. Who are the key players in Global Smart Agriculture market? Ans: The important key players in the Smart Agriculture Market are – Agjunction, Inc., Trimble, Inc., Deere & Company, Trimble, Inc., AG Leader Technology, Sst Development Group, Inc, Agco Corporation, The Climate Corporation, Precision Planting, Inc., Semiosbio Technologies Inc., DeLaval, Antelliq, Afimilk Ltd., Raven Industries. 5.What is the study period of this market? Ans: The Smart Agriculture Market is studied from 2021 to 2029.

Smart Agriculture Market

1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. VERTICAL OVERVIEW 4.1. Value Chain Analysis 4.2. Key Trends 5. IOT IN SMART CITIES MARKET, BY AGRICULTURE TYPE (2021-2029) 5.1. Introduction 5.2. Smart Agriculture Market, by Fish Farming 5.2.1. Fish Farming Market Overview 5.2.2. Fish Farming Market Size & Forecast 5.3. Smart Agriculture Market, by Precision Farming 5.3.1. Precision Farming Market Overview 5.3.2. Precision Farming Market Size & Forecast 5.4. Smart Agriculture Market, by Livestock Monitoring 5.4.1. Livestock Monitoring Market Overview 5.4.2. Livestock Monitoring Market Size & Forecast 5.5. Smart Agriculture Market, by Smart Greenhouse 5.5.1. Smart Greenhouse Market Overview 5.5.2. Smart Greenhouse Market Size & Forecast 6. IOT IN SMART CITIES MARKET, BY OFFERING (2021-2029) 6.1. Introduction 6.2. Smart Agriculture Market, by Hardware 6.2.1. Hardware Market Overview 6.2.2. Hardware Market Size & Forecast 6.3. Smart Agriculture Market, by Software 6.3.1. Software Market Overview 6.3.2. Software Market Size & Forecast 6.4. Smart Agriculture Market, by Hardware 6.4.1. Hardware Market Overview 6.4.2. Hardware Market Size & Forecast 7. IOT IN SMART CITIES MARKET, BY APPLICATION (2021-2029) 7.1. Introduction 7.2. Smart Agriculture Market, by Livestock Monitoring Applications 7.2.1. Livestock Monitoring Applications Market Overview 7.2.2. Livestock Monitoring Applications Market Size & Forecast 7.3. Smart Agriculture Market, by Precision Farming Applications 7.3.1. Precision Farming Applications Market Overview 7.3.2. Precision Farming Applications Market Size & Forecast 7.4. Smart Agriculture Market, by Smart Greenhouse Applications 7.4.1. Smart Greenhouse Applications Market Overview 7.4.2. Smart Greenhouse Applications Market Size & Forecast 7.5. Smart Agriculture Market, by Others 7.5.1. Others Market Overview 7.5.2. Others Market Size & Forecast 8. IOT IN SMART CITIES MARKET, BY GEOGRAPHY (2021-2029) 8.1. North America Smart Agriculture Market 8.1.1. North America Smart Agriculture Market, by Agriculture Type 8.1.2. North America Smart Agriculture Market, by Offering 8.1.3. North America Smart Agriculture Market, by Application 8.1.4. North America Global Smart Agriculture Market, by Region 8.1.4.1. U.S. Smart Agriculture Market 8.1.4.2. Canada Smart Agriculture Market 8.1.4.3. Rest of North America Smart Agriculture Market 8.2. Europe Smart Agriculture Market 8.2.1. Europe Smart Agriculture Market, by Agriculture Type 8.2.2. Europe Smart Agriculture Market, by Offering 8.2.3. Europe Smart Agriculture Market, by Application 8.2.4. Europe Smart Agriculture Market, by Region 8.2.4.1. France Smart Agriculture Market 8.2.4.2. Germany Smart Agriculture Market 8.2.4.3. U.K .Smart Agriculture Market 8.2.4.4. Rest of Europe Smart Agriculture Market 8.3. Asia Pacific Smart Agriculture Market 8.3.1. Asia Pacific Smart Agriculture Market, by Agriculture Type 8.3.2. Asia Pacific Smart Agriculture Market, by Offering 8.3.3. Asia Pacific Smart Agriculture Market, by Application 8.3.4. Asia-Pacific Smart Agriculture Market, by Region 8.3.4.1. China Smart Agriculture Market 8.3.4.2. Japan Smart Agriculture Market 8.3.4.3. India Smart Agriculture Market 8.3.4.4. Australia Smart Agriculture Market 8.3.4.5. South Korea Smart Agriculture Market 8.3.4.6. Rest of Asia Pacific Smart Agriculture Market 8.4. Middle East & Africa Smart Agriculture Market 8.4.1. Middle East & Africa Smart Agriculture Market, by Agriculture Type 8.4.2. Middle East & Africa Smart Agriculture Market, by Offering 8.4.3. Middle East & Africa Smart Agriculture Market, by Application 8.4.4. Middle East & Africa Smart Agriculture Market, by Region 8.4.4.1. North Africa Smart Agriculture Market 8.4.4.2. South Africa Smart Agriculture Market 8.4.4.3. GCC Smart Agriculture Market 8.4.4.4. Egypt Smart Agriculture Market 8.4.4.5. Nigeria Smart Agriculture Market 8.4.4.6. Rest of Middle East & Africa Smart Agriculture Market 8.5. Latin America Smart Agriculture Market 8.5.1. Latin America Smart Agriculture Market, by Agriculture Type 8.5.2. Latin America Smart Agriculture Market, by Offering 8.5.3. Latin America Smart Agriculture Market, by Application 8.5.4. Latin America Smart Agriculture Market, by Region 8.5.4.1. Brazil Smart Agriculture Market 8.5.4.2. Argentina Smart Agriculture Market 8.5.4.3. Columbia Smart Agriculture Market 8.5.4.4. Mexico Smart Agriculture Market 8.5.4.5. Rest of Latin America Smart Agriculture Market 9. MARKET COMPETITION ANALYSIS 9.1 Market Share/Positioning Analysis 9.2 Key Innovators 9.3 Company Profiles 9.3.1 Trimble, Inc. 9.3.1.1 Overview 9.3.1.2 Products/ Vertical 9.3.1.3 Strategy 9.3.1.4 Key Developments 9.3.2 Deere & Company 9.3.2.1 Overview 9.3.2.2 Products/ Vertical 9.3.2.3 Strategy 9.3.2.4 Key Developments 9.3.3 Agjunction, Inc. 9.3.3.1 Overview 9.3.3.2 Products/ Vertical 9.3.3.3 Strategy 9.3.3.4 Key Developments 9.3.4 The Climate Corporation 9.3.4.1 Overview 9.3.4.2 Products/ Vertical 9.3.4.3 Strategy 9.3.4.4 Key Developments 9.3.5 Agco Corporation 9.3.5.1 Overview 9.3.5.2 Products/ Vertical 9.3.5.3 Strategy 9.3.5.4 Key Developments 9.3.6 Precision Planting, Inc. 9.3.6.1 Overview 9.3.6.2 Products/ Vertical 9.3.6.3 Strategy 9.3.6.4 Key Developments 9.3.7 AG Leader Technology 9.3.7.1 Overview 9.3.7.2 Products/ Vertical 9.3.7.3 Strategy 9.3.7.4 Key Developments 9.3.8 Sst Development Group, Inc. 9.3.8.1 Overview 9.3.8.2 Products/ Vertical 9.3.8.3 Strategy 9.3.8.4 Key Developments 9.3.9 Semiosbio Technologies Inc. 9.3.9.1 Overview 9.3.9.2 Products/ Vertical 9.3.9.3 Strategy 9.3.9.4 Key Developments 9.3.10 Topcon Positioning Systems, Inc. 9.3.10.1 Overview 9.3.10.2 Products/ Vertical 9.3.10.3 Strategy 9.3.10.4 Key Developments 9.3.11 Topcon Positioning Systems 9.3.11.1 Overview 9.3.11.2 Products/ Vertical 9.3.11.3 Strategy 9.3.11.4 Key Developments 9.3.12 DeLaval 9.3.12.1 Overview 9.3.12.2 Products/ Vertical 9.3.12.3 Strategy 9.3.12.4 Key Developments 9.3.13 Antelliq 9.3.13.1 Overview 9.3.13.2 Products/ Vertical 9.3.13.3 Strategy 9.3.13.4 Key Developments 9.3.14 Afimilk Ltd. 9.3.14.1 Overview 9.3.14.2 Products/ Vertical 9.3.14.3 Strategy 9.3.14.4 Key Developments 9.3.15 Raven Industries 9.3.15.1 Overview 9.3.15.2 Products/ Vertical 9.3.15.3 Strategy 9.3.15.4 Key Developments 9.3.16 AgJunction 9.3.16.1 Overview 9.3.16.2 Products/ Vertical 9.3.16.3 Strategy 9.3.16.4 Key Developments 9.3.17 Argus Control Systems Ltd. 9.3.17.1 Overview 9.3.17.2 Products/ Vertical 9.3.17.3 Strategy 9.3.17.4 Key Developments 9.3.18 Agribotix LLC 9.3.18.1 Overview 9.3.18.2 Products/ Vertical 9.3.18.3 Strategy 9.3.18.4 Key Developments 9.3.19 Autonomous Solutions, Inc. 9.3.19.1 Overview 9.3.19.2 Products/ Vertical 9.3.19.3 Strategy 9.3.19.4 Key Developments 9.3.20 CNH Industrial 9.3.20.1 Overview 9.3.20.2 Products/ Vertical 9.3.20.3 Strategy 9.3.20.4 Key Developments 9.3.21 CLAAS 9.3.21.1 Overview 9.3.21.2 Products/ Vertical 9.3.21.3 Strategy 9.3.21.4 Key Developments 9.3.22 CropZilla Software, Inc. 9.3.22.1 Overview 9.3.22.2 Products/ Vertical 9.3.22.3 Strategy 9.3.22.4 Key Developments

About This Report

Report ID 1871
Category Information Technology & Telecommunication
Published Date Sept 2022
Updated Date
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